DLP Resources intersects 56m of 0.59 % CuEq* within a 790.15m interval of 0.32% CuEq* on the Aurora Project in Southern Peru
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DLP Resources intersects 56m of 0.59 % CuEq* within a 790.15m interval of 0.32% CuEq* on the Aurora
Project in Southern Peru
Cranbrook, British Columbia, (Newsfile Corp. – August 10, 2023) DLP Resources Inc. (“DLP” or the “ Company”)
(TSXV:DLP) (OTCQB:DLPRF) announces receipt of complete drill results for drillhole, A23-009 on the Aurora porphyry
copper-molybdenum project in southern Peru (Figure 1).
Results for the first eight drillholes, A22-001, A22-002, A22-003, A23-004, A23-005, A23-006, A23-007 and A23-008
were released on July 24, 2023 (see DLP Resources Inc. news release of July 24 and Tables 3, 4 and 5 below).
Highlights
Drillhole A23-009 was drilled approximately 868m SE of drillhole A23 -007. A23-009 intersected significant copper
mineralization throughout the hole to a depth of 709.55m where it ended in copper and molybdenum mineralization.
The most significant mineralized intervals included:
• 0.32% CuEq* over 790.15m (0.27% Cu, 0.0095% Mo and 2.39g/t Ag) from 0.40m to 790.15m.
• 0.44% CuEq* over 314.00m (0.37% Cu, 0.0144% Mo and 2.86g/t Ag) from 303.00m to 617.00m.
• 0.59% CuEq* over 56.00m (0.52% Cu, 0.0144% Mo and 3.46g/t Ag) from 561.00m to 617.00m.
The complete set of results for A23-009 are summarized in Table 1 below.
Mr. Gendall, President and CEO commented: “A23-009 was drilled on a step out of 868m to the SE of A23-007. This
is the first hole drilled by DLP on the SE side of the Aurora project. We are extremely encouraged with the
intersection of copper mineralization in A23-009 on this SE side and we will continue to drill on this side during the
next six months. A23-010 is currently in progress to a depth of 1000m. The early mineralized porphyry intersections
observed in A23-010 to a current depth of 800m are very encouraging. Results are expected in late August.”
Aurora Cu-Mo Project – Summary of Drill Results for A23-009
Drillhole A23-009 (Figures 2, 3 and 4) commenced on June 28 and was completed on July 14 at 790.55m. The drillhole
was drilled on an azimuth of 340 degrees with a dip of -70 degrees. Coordinates are 8,565,722mN and 190,135mE at
an elevation of 2966m.
o 0-0.4m: Overburden
o 0.4 – 4.35m: Hornfels
o 4.35 – 212m: Intrusive breccia with QEFP (quartz -eye-feldspar por phyry) and QEFBP
(quartz-eye-feldspar-biotite porphyry) with moderate chalcopyrite mineralization and
weak molybdenite mineralization. Alteration is predominantly sericite with intermediate
argillic overprint.
o 212 – 350m: QEFP with moderate chalcopyrite mi neralization, weak molybdenite
mineralization. Alteration is predominantly moderate to strong quartz-sericite alteration
with pyrrhotite.
o 350 – 392m: Intrusive breccia of QEFP with hornfels clasts. Fine sulphide stringers with
chalcopyrite, pyrite and pyrrhotite occur throughout. Alteration is predominantly quartz-
sericite.
o 392 – 577.3m: QEFP with moderate chalcopyrite mineralization and associated pyrrhotite
and trace molybdenite. Alteration is predominantly quartz-sericite.
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o 577.3 – 624m: Intrusive polymictic breccia with QEFP and hornfels clasts. Moderate
chalcopyrite mineralization with pyrite and trace Mo. Alteration is predominantly quartz-
sericite.
o 624 – 790.55m: Silicified hornfels with micro veinlets of sulphides consisting of pyrite and
chalcopyrite with disseminated pyrrhotite. Fluorite veinlets are observed in this interval.
Table 1. Summary of Drill Results for Diamond Drillhole A23-009. All grades are length-weighted averages of samples
within the interval reported.
Hole From To Interval1 Description
Cu
(total) Mo Ag Cueq*
ID m m m % % g/t %
A23-009 0.40 790.55 790.15 Primary/Hornfels+Breccia+Porphyry 0.27 0.0095 2.39 0.32
Includes 303.00 617.00 314.00 Primary/Hornfels+Breccia+Porphyry 0.37 0.0144 2.86 0.44
561.00 617.00 56.00 Primary/Porphyry + Breccia 0.52 0.0144 3.46 0.59
Note: *Copper equivalent grades (CuEq) are for comparative purposes only. Mo, Cu and Ag values are uncut and recovery
is assumed to be 100% for the entire drilled length of A23-009. The project is at an early stage of exploration and
conceptual recoveries of Cu 85%, Mo 82%, and Ag 75% are assigned to the CuEq calculations. Conversion of metals to an
equivalent copper grade based on these metal prices is relative to the copper price per unit mass factored by conceptual
recoveries for those metals normalized to the conceptualized copper recovery. The metal equivalencies for each metal
are added to the copper grade. The formula for this is: CuEq % = Cu% + (Mo% * (Mo recovery / Cu recovery) * (Mo $ per
lb / Cu $ per lb) + (Ag g/t * (Ag recovery / Cu recovery) * (Ag $ per oz/ 31.1034768) / (Cu $ per lb* 22.04623))
*Copper equivalent calculations use metal prices of Cu - US$3.34/lb, Mo - US$11.86/lb and Ag - US$21.87/oz.
1 Intervals are downhole drilled core lengths. Drilling data to date is insufficient to determine true width of
mineralization. Mo, Cu and Ag values are uncut.
Table 2: A23-009 Diamond drillhole location, depth, orientation and inclination.
Hole Easting Northing Elevation Length Azimuth Inclination
ID m m m Degrees Degrees
A23-009 190,135 8,565,722 2966 790.55 340 -70
Co-ordinates are in WGS84 Zone 19S
Quality Control and Quality Assurance
DLP Resources Peru S.A.C a subsidiary of DLP Resources Inc. supervises drilling and carries out sampling of HTW and NTW
core. Logging and sampling are completed at a secured Company facility situated on the project site. Sample intervals are
nominally 1.5 to 2m in length. Drill core is cut in half using a rotary diamond blade saw and samples are sealed on site
before transportation to the ALS Peru S.A.C. sample preparation facility in Arequipa by Company vehicles and staff.
Prepared samples are sent to Lima by ALS Peru S.A.C. for analysis. ALS Peru S.A.C. is an independent laboratory. Samples
are analyzed for 48 elements using a four -acid digestion and ICP-MS analysis (ME-MS61). In addition, sequential copper
analyses are done and reports, soluble copper using sulphuric acid leach, soluble copper in cyanide leach, residual copper
and total copper. ALS meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for
analytical procedures.
DLP Resources independently monitors quality control and quality assurance (“QA/QC”) through a program that includes
the insertion of blind certified reference materials (standards), blanks and pulp duplicate samples. The compan y is not
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aware of any drilling, sampling, recovery or other factors that could materially affect the accuracy or reliability of the data
reported from 0m to 790.55m in A23-009.
Aurora Project
Aurora Project as an advanced stage porphyry copper-molybdenum exploration project in the Province of Calca, SE Peru
(Figure 1). The Aurora Project was previously permitted for drilling in 2015 but was never executed. Thirteen historical
drillholes, drilled in 2001 and 2005 totaling 3,900m were drilled over an area of approximately 1000m by 800m, cut
significant intervals of copper and molybdenum mineralization. From logging of the only three remaining holes DDA-01,
DDA-3A and DDA-3 and data now available, it appears that only three of the thirteen holes tested the enriched copper
zone and only one hole drilled deep enough to test the primary copper and molybdenum zone (see DLP Resources Inc.
news release of May 18, 2021)
Salient historic drillhole data of the Aurora Project are:
• 190m @ 0.57% Cu, 0.008% Mo in DDA-1 with a high-grade intercept of 20m @ 1.01% Cu related to a supergene
enrichment zone of secondary chalcocite;
• 142m @ 0.5% Cu, 0.004% Mo in DDA-3;
• 71.7m @ 0.7% Cu, 0.007% Mo in DDA-3A (see historical Focus Ventures Ltd. news release July 11, 2012); and
• One of the historical holes ABC-6 drilled on the edge of the system intersected 78m @ 0.45% Cu and 0.107% Mo
(Figure 2)
A review of the historical drilling indicates that the majority of the thirteen holes were drilled in the leached and partially
leached zones of the porphyry system. Ten of the thirteen holes never fully tested the oxide and secondary enrichment
zone and/or the primary copper zone at depth encountered in DDA-01. Copper-molybdenum mineralization is hosted by
quartz-feldspar porphyries intruded into slates-hornfels and pelitic sandstones belonging to the Ordovician (439 - 463
ma) Sandia Formation.
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Table 3: Aurora Drill Results for Holes A23-001 to A23-003
Hole From To Interval1 Description
Cu
(total) Mo Ag CuEq*
ID m m m % ppm ppm %
A22-001 0.5 22.45 0.5 Partially Leached 0.12 51.23 2.98 0.16
22.45 388 365.55 Oxidized/Mixed/Primary 0.33 114.16 3.64 0.33
Includes 22.45 145.8 123.35 Oxidized/Mixed 0.49 36.49 4.20 0.54
Includes 100.35 145.8 45.45 Enriched 0.64 17.41 3.40 0.67
Includes 100.35 124.3 23.95 Enriched 0.87 23.7 3.43 0.87
Includes 108.65 124.3 15.65 Enriched 1.09 32.75 3.00 1.10
145.8 172.9 21.1 #Fault zone/Mixed 0.23 68.79 1.16 0.27
172.9 388 215.1 Primary 0.24 167.96 3.47 0.33
Includes 298.85 326 27.15 Primary 0.48 31.15 7.01 0.55
Includes 366 388 22 Primary - Mo rich 0.21 573.45 1.43 0.42
Hole From To Interval1 Description
Cu
(total) Mo Ag CuEq*
ID m m m % ppm ppm %
A22-002 0.10 89.40 89.30 Leached 0.04 48.38 0.55 0.04
89.40 208.00 118.60 Partially Leached 0.22 67.24 2.53 0.24
208,00 422.40 214.40 Oxidized/Mixed/Primary 0.35 113.88 3.95 0.41
Includes 244.00 296.00 52.00 Primary 0.52 130.55 4.53 0.53
422.40 479.00 56.60 Primary (Late Porphyry) 0.09 72.09 1.29 0.10
479.00 561.60 82.60 Primary - Mo rich 0.19 349.49 1.34 0.20
Hole From To Interval1 Description
Cu
(total) Mo Ag CuEq*
ID m m m % ppm ppm %
A22-003 2.70 38.00 35.3 Partially leached 0.12 48.89 1.17 0.14
38.00 702.30 664.3
Partially leached
/Mixed/Enriched/Primary 0.33 483.14 3.23 0.52
Includes 38.00 132.00 94.00
Partially leached with
sulphides 0.21 103.24 3.78 0.28
Includes 132.00 350.00 218.00
Mixed
sulphides/Enrichment 0.69 161.77 5.65 0.79
Includes 206.00 350.00 144.00 Enriched 0.75 96.52 5.87 0.83
Includes 258.00 350.00 92.00 Enriched 0.83 71.07 6.81 0.91
Includes 350.00 522.00 172.00 Primary (intermineral) 0.22 258.80 2.47 0.33
Includes 522.00 702.30 180.30 Primary (Moly rich) 0.07 1283.78 0.73 0.51
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Table 4: Aurora Drill Results for Holes A23-004 to A23-006
Hole From To Interval1 Description Cu
(total) Mo Ag CuEq*
ID m m m % % g/t %
A23-004 0 700.9 700.9 Leached/Mixed/Enriched/Primary 0.18 0.142 2.47 0.70
Includes 0 34 34 Leached 0.04 0.064 1.07 0.27
34 110.9 76.9 Partially leached 0.19 0.066 2.83 0.46
110.9 333 222.1 Mixed/Enriched/Primary 0.46 0.056 5.88 0.72
Includes 110.9 264 153.1 Mixed/Enriched 0.53 0.058 7.07 0.86
333 421 88 Primary (Molybdenum rich) 0.05 0.149 0.78 0.56
421 502 81 Primary (Molybdenum rich) 0.12 0.152 0.84 0.64
502 700.9 198.9 Primary (Molybdenum rich) 0.02 0.273 0.17 1.07
Hole From To Interval1 Description Cu
(total) Mo Ag CuEq*
ID m m m % % g/t %
A23-005 0 693.4 693.4 Leached/Mixed/Enriched/Primary 0.11 0.144 1.95 0.64
Includes 0 20 20 Leached 0.03 0.092 23.23 0.58
20 130 110 Partially leached 0.12 0.059 2.79 0.36
130 188 58 Mixed/Enriched 0.43 0.054 3.38 0.66
188 302 114 Primary 0.14 0.076 1.38 0.42
302 472 170 Primary (Molybdenum rich) 0.10 0.11 1.05 0.50
472 693.4 221.4 Primary (Molybdenum rich) 0.03 0.259 0.95 0.95
Hole From To Interval1 Description Cu
(total) Mo Ag CuEq*
ID m m m % % g/t %
A23-006 0 14.7 14.7 No core recovered - - - -
14.7 91 76.3 Partially leached 0.10 0.061 3.00 0.33
91 708.5 617.5 Mixed/Enriched/Primary 0.17 0.148 1.82 0.69
Includes 91 127 36 Mixed/Enriched 0.62 0.031 9.10 0.80
321 708.55 387.55 Primary (Molybdenum rich) 0.07 0.205 0.74 0.78
500 708.55 208.55 Primary (Molybdenum rich) 0.08 0.260 0.86 0.98
Note: *Copper equivalent grades (CuEq) are for comparative purposes only. Mo, Cu and Ag values are uncut and recovery
is assumed to be 100% for the entire drilled length of A23-01, A23-02, A23-003, A23-04, A23-05 and A23-06. The project
is at an early stage of exploration and conceptual recoveries of Cu 85%, Mo 82%, and Ag 75% are assigned to the CuEq
calculations. Conversion of metals to an equivalent copper grade based on these metal prices is relative to the copper
price per unit mass factored by conceptual recoveries for those metals normalized to the conceptualized copper
recovery. The metal equivalencies for each metal are added to the copper grade. The formula for this is: CuEq % = Cu% +
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(Mo% * (Mo recovery / Cu recovery) * (Mo $ per lb / Cu $ per lb) + (Ag g/t * (Ag recovery / Cu recovery) * (Ag $ per oz/
31.1034768) / (Cu $ per lb* 22.04623)).
*Copper equivalent calculations use metal prices of Cu - US$3.34/lb, Mo - US$11.86/lb and Ag - US$21.87/oz.
1 Intervals are downhole drilled core lengths. Drilling data to date is insufficient to determine true width of
mineralization. Mo, Cu and Ag values are uncut.
Table 5. Summary of Drill Results for Diamond Drillhole A23-007 and A23 -008. All grades are length -weighted
averages of samples within the interval reported.
Hole From To Interval1 Description Cu
(total) Mo Ag Cueq*
ID m m m % % g/t %
A23-007 0 708.25 708.25 Partially Leached/Primary/Hornfels 0.25 0.0137 3.07 0.33
Includes 0 99 99 Partially leached/Hornfels 0.30 0.0004 4.91 0.34
99 206 107 Leached Hornfels 0.18 0.0004 3.54 0.21
206 406 200 Primary/Hornfels 0.37 0.0030 3.83 0.42
Includes 206 254 48 Primary/Hornfels 0.57 0.0020 5.33 0.61
254 272 18 Primary/Hornfels 0.24 0.0032 1.78 0.26
272 306 34 Primary/Hornfels 0.48 0.0030 6.33 0.53
306 356 50 Primary/Hornfels 0.23 0.0034 1.91 0.24
356 378 22 Primary/Hornfels 0.50 0.0030 5.65 0.55
406 639.5 233.50 Primary/Porphyry 0.17 0.0146 1.88 0.19
639.5 708.25 68.75 Primary/Hornfels 0.18 0.0814 1.51 0.19
A23-008 0 3.10 3.10 No core Recovered - - - -
3.1 703.65 700.55 Primary/Hornfels+Porphyry 0.10 0.0852 1.18 0.40
includes 3.1 39 35.90 Primary/Hornfels 0.21 0.0035 2.26 0.24
123 188.55 65.55 Primary/Hornfels 0.23 0.0086 5.41 0.30
402 703.65 301.65 Primary/Porphyry 0.03 0.1548 0.26 0.56
Note: *Copper equivalent grades (CuEq) are for comparative purposes only. Mo values are cut to 0.5% and Cu and Ag
values are uncut and recovery is assumed to be 100% for the entire drilled length of A23-007 and A23-008. The project
is at an early stage of exploration and conceptual recoveries of Cu 85%, Mo 82%, and Ag 75%. are assigned to the CuEq
calculations. Conversion of metals to an equivalent copper grade based on these metal prices is relative to the copper
price per unit mass factored by conceptual recoveries for those metals normalized to the conceptualized copper
recovery. The metal equivalencies for each metal are added to the copper grade. The formula for this is: CuEq % = Cu% +
(Mo% * (Mo recovery / Cu recovery) * (Mo $ per lb / Cu $ per lb) + (Ag g/t * (Ag recovery / Cu recovery) * (Ag $ per oz/
31.1034768) / (Cu $ per lb* 22.04623)).
*Copper equivalent calculations use metal prices of Cu - US$3.34/lb, Mo - US$11.86/lb and Ag - US$21.87/oz.
1 Intervals are downhole drilled core lengths. Drilling data to date is insufficient to determine true width of
mineralization. Mo values are cut to 0.5% and Cu and Ag values are uncut.
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Figure 1: DLP Project areas in Peru with Aurora Project Shown.
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Figure 2: Aurora Project – Simplified geology showing historic drilling and drilling by DLP in 2022-2023 with A23-009 and
A23-010 (in progress) highlighted in red numbering.