Cranbrook, British Columbia–(Newsfile Corp. – August 15, 2022) –( ) (OTCQB: DLPRF) (“DLP” or the “Company“) announces receipt of water permit for the Aurora porphyry copper-molybdenum project in Peru and the commencement of a programmed 5000m (~ 8 holes) diamond drill programme for phase 1.
Aurora Cu-Mo Project
Aurora Project is 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 drill holes, 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 news release of May 18, 2021).
Salient historic drill hole 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 inDDA-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 64m @ 0.49% Cu and 0.087ppm 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 (Figures 3 and 4).
Mr. Gendall, President and CEO commented: “I believe only three of the thirteen historic holes tested the copper-molybdenum potential at depth. Our first phase 5000m drill program is designed to confirm zones of copper enrichment and primary grade copper-molybdenum mineralization at Aurora. We are extremely encouraged with the start-up of the drill program and look forward to reporting results in October.”
Figure 1: DLP Project areas in Peru with Aurora Project Shown.
To view an enhanced version of Figure 1, please visit:
Figure 2. Aurora Project – Simplified Diagram showing Historic Drilling and Proposed DLP Drill Holes.
To view an enhanced version of Figure 2, please visit:
Figure 3: Aurora porphyry copper-molybdenum project with location of hole A22-001 and copper showings.
To view an enhanced version of Figure 3, please visit:
Figure 4: Aurora porphyry copper-molybdenum project with copper showings in Sandia Formation and intrusive breccias near A22-001.
To view an enhanced version of Figure 4, please visit:
David L. Pighin, consulting geologist and co-founder of DLP Resources, is the qualified person of the Company as defined by National Instrument 43-101. Mr. Pighin has reviewed and approved the technical contents of this news release.
www.dlpresourcesinc.com for additional information.is a mineral exploration company operating in Southeastern British Columbia and Peru, exploring for Base Metals and Cobalt. DLP is listed on the TSX-V, trading symbol DLP and on the OTCQB, trading symbol DLPRF. Please refer to our web site
FOR FURTHER INFORMATION PLEASE CONTACT:
Ian Gendall, CEO & President
Jim Stypula, Executive Chairman
Robin Sudo, CFO & Corporate Secretary
Maxwell Reinhart, Investor Relations
Email: [email protected]
Email: [email protected]
Email: [email protected]sourcesinc.com
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to drilling on Aurora Project in Peru.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things drill results expected from the Aurora Project in Peru.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/133808
Skyharbour Begins Trading on the OTCQX in the United States
Vancouver, BC , Sept. 30, 2022 (GLOBE NEWSWIRE) — Skyharbour Resources Ltd.’s (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (the “Company”) is…
Osino Attracts Respected ASX-Listed Lithium Developer to Advance Its Lithium Exploration License in Namibia
Highlights Osino signs Earn-In Agreement on its wholly owned exploration license EPL5533 hosting historic lithium prospects and small-scale mines to…
Emerita Intersects 14.0 Meters Grading 4.3% Copper Included Within 26.8 Meters Grading 2.6% Copper at La Romanera Deposit, Increases Number of Drills at IBW Project to Thirteen
TORONTO, Sept. 30, 2022 (GLOBE NEWSWIRE) — Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased…
Ridgeline Minerals Completes Non-Brokered Private Placement for $2.55M
Greencastle Acquires Criterium Energy Units
NGEx Minerals Announces Credit Facility
Cenovus to help advance sustainable energy opportunities for First Nations
Chakana Copper Announces Option Grant
DORÉ COPPER ANNOUNCES UP TO C$5 MILLION PRIVATE PLACEMENT OF COMMON SHARES AND FLOW-THROUGH SHARES
Millrock Receives Positive Initial Mineralogy Results From the Nikolai (Ni-Cu-Co-PGE) Project, Alaska
Vantage Chance Limited Announces Exercise of Option and Acquisition of Securities of Western Resources Corp.
Decklar Announces Finalization of Debt Financing Arrangements With Shell for Development of Oza Oil Field
Prismo Metals Announces Results of 2022 Annual General and Special Meeting of Shareholders
Precious Metals23 hours ago
Gold Is One Of The Best Performing Assets Of 2022
Economics24 hours ago
NATO Officially Blames “Sabotage” For Nord Stream Damage; Fourth Leak Discovered
Uncategorized23 hours ago
7 Best Precious Metals Stocks to Buy Now
Financing News24 hours ago
Westmount Receives Soil Sampling Results – Douay East Property
Uncategorized24 hours ago
Stocks Slide, Ugly Mood Returns As Traders Ask ‘Did Anything Change’
Financing News14 hours ago
NioCorp CEO Mark Smith to Appear on Fox Business News’ “The Claman Countdown” on Monday, Oct. 3, 2022
Drilling News23 hours ago
CanAlaska Announces Additional Uranium Intersections From Summer Drill Program
Energy & Critical Metals10 hours ago
“As Soon As Possible”: US Preparing To Wean Itself Off Russian Nuclear Fuel