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DLP Resources Announces Drilling to Commence on Moby Dick and NZOU, Sullivan-type Zn-Pb-Ag Targets and Private Placement of Flowthrough Shares
Cranbrook, British Columbia--(Newsfile Corp. - November 9, 2021) - DLP Resources Inc. (TSXV...
About this update from Dlp Resources, Inc.
[{"type":"text","content":"DLP Resources Announces Drilling to Commence on Moby Dick and NZOU, Sullivan-type Zn-Pb-Ag Targets and Private Placement of Flowthrough SharesCranbrook, British Columbia--(Newsfile Corp. - November 9, 2021) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (the \"Company\") is pleased to announce that drilling is to commence in mid-November on Sullivan-type Zn-Pb-Ag targets on the Moby Dick and NZOU projects (Figure 1). Moby Dick and NZOU ProjectsWith the completion of the drilling of DD21-02 on the DD property in June 2021 it is important to highlight that the 168m thickness of fragmentals and Sullivan muds with zinc mineralization at the base confirms that the vector towards the vent and possibly massive zinc mineralization is further to the NE (see DLP news release of June 28, 2021 and Figure 2). This increased thickness of the fragmental unit within the Sullivan Horizon is proposed to extend towards the NE and onto the Moby Dick and NZOU properties. Well developed MT (magnetotelluric) geophysical anomalies indicating conductive bodies with pyrrhotite (iron sulphide) as a possible source of the conductor extends over the 5000m x 500m trend (Figures 3 and 4). In addition to the geophysical targets on Moby Dick and NZOU, historic drill hole IR07-01 drilled 2300m to the east, intersected ~149m of moderately to highly hydrothermally altered Sullivan sediments at 1365m with up to 0.5% Zn and up to 0.3% Pb (Figure 2). Both geophysical and geological data support the fact that sufficient \"smoke\" exists to suggest that a significant mineralized Sullivan-type Zn-Pb-Ag system may be encountered in this phase of drilling of approximately 5400m in three to four drill holes. Figure 1: DLP Project areas with Moby Dick and NZOU properties shown.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/6456/102586_66e85a8844c9896b_001full.jpg Figure 2: Titan MT resistivity section along Line 2N showing drill hole DD21-02To view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/6456/102586_66e85a8844c9896b_002full.jpgFigure 3: Titan MT resistivity plan at 0m elevation with the main MT anomaly trending NE from DD21-02 onto the Moby Dick and NZOU properties.To view an enhanced version of Figure 3, please visit:https://orders.newsfilecorp.com/files/6456/102586_66e85a8844c9896b_0...