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DLP Resources Announces Commencement of 2023 Drilling at Aurora and Exploration Update
Cranbrook, British Columbia--(Newsfile Corp. - February 27, 2023) - DLP Resources Inc. (TSXV: ...
About this update from Dlp Resources, Inc.
[{"type":"text","content":"DLP Resources Announces Commencement of 2023 Drilling at Aurora and Exploration UpdateCranbrook, British Columbia--(Newsfile Corp. - February 27, 2023) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (\"DLP\" or the \"Company\") is pleased to announce that drilling of the fourth diamond drill hole, on the Aurora porphyry copper-molybdenum project in Peru, has commenced.Exploration UpdateDD-Moby Dick-NZOU (Sullivan-type Zn-Pb-Ag Targets)DLP has terminated the option agreement to earn up to 75% of PJX Resources Incs' (PJX) DD property as of February 24, 2023. DLP will now focus on the Sullivan-type Zn-Pb-Ag targets on the Moby Dick project and the NZOU project. DLP and PJX each have a 50% interest in the Moby Dick property and DLP has an option to earn 100% of the NZOU property (see DLP news release dated August 20, 2020). PJX also has the right to earn a 50% interest in the NZOU property.Aurora Project (Porphyry Cu-Mo Target)Aurora is a porphyry copper-molybdenum project in Southern Peru with the potential to host a significant copper-molybdenum mineralized system. (Figures 1, 2, 3 and 4). Drilling of three diamond drills was completed in 2022 and results have been released for A22-001, A22-002 and A22-003 (see DLP news releases dated December 05, 2022, and January 05, 2023). Significant copper and molybdenum mineralization was reported from the 2022 drilling with A22-003 reporting 664.30m at 0.33% Cu, 483.14ppm Mo and 3.23g/t Ag from 38m to 702.30m including 218m at 0.69% Cu, 161.77ppm Mo and 5.65ppm Ag from 132m to 350m (see DLP news release of January 05, 2023).Continued drilling along extensions of known copper-molybdenum mineralization to the west will be done during the first half of 2023 (Figures 2, 3 and 4). Diamond drillhole A23-004 commenced on February 21 on an azimuth of 120 degrees and an inclination of -70 degrees. Planned depth for A23-004 is 700m.Very encouraging quartz veining and visual copper and molybdenum mineralization was observed in and around the drill platform of A23-004 and we expect to be in mineralized rock within the upper 30m (Figure 5). Figure 1: DLP Project areas with the Aurora and Esperanza properties shown.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6456/156200_9b01840374dfd80e_001full.jpgFigure 2. Historic drill holes, DLP-2022 dril...