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DLP Resources Signs Letter of Intent to Option 100% of the Advanced Stage Aurora Porphyry Copper-Molybdenum Project, Peru and Announces Non-Brokered Private Placement
Cranbrook, British Columbia--(Newsfile Corp. - May 18, 2021) - DLP Resources Inc. ( TSXV: DLP ...
About this update from Dlp Resources, Inc.
[{"type":"text","content":"DLP Resources Signs Letter of Intent to Option 100% of the Advanced Stage Aurora Porphyry Copper-Molybdenum Project, Peru and Announces Non-Brokered Private PlacementCranbrook, British Columbia--(Newsfile Corp. - May 18, 2021) - DLP Resources Inc. (TSXV: DLP) (\"DLP\" or the \"Company\") is pleased to announce that it has signed a letter of intent with SMRL Parobamba II (\"SP II\") whereby DLP can acquire a 100% interest (the \"Option\") in the Aurora porphyry copper-molybdenum deposit (the \"Aurora Project\").DLP is interested in copper prospects not only in southeastern BC, but other known copper belts where it has expertise. DLP will continue to evaluate its BC opportunities as well as other copper projects of merit in the Andean Belt of South America. DLP President, Ian Gendall, lived and worked in South America and has significant geological experience in the known porphyry copper belts of western South America. Mr. Gendall has evaluated, and been involved, and credited with the discovery of significant porphyry copper deposits in the Jurassic Copper Belt of SE Ecuador in the mid to late 1990's during his time working with Gencor-Billiton. Mr. Gendall commented: \"We are excited to have reached an agreement with SP II, to explore the Aurora porphyry copper-molybdenum project. The project is drill ready and our goal is to acquire drill permits as soon as possible so we can delineate a large porphyry copper-molybdenum deposit, in a proven mining justification like Peru.\"Mr. Gendall first visited this project in 2013 and describes the Aurora Project as an advanced stage porphyry copper-molybdenum exploration project in the Province of Calca, SE Peru. The Aurora Project was previously permitted for 40 drill holes 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, Mr. Gendall believes only three of the thirteen holes tested the copper-molybdenum potential at depth. Geochemical Intervals - Historical Data for Holes DDA-01, DDA-03, DDA-3A and ABC-6HoleYearDrilled Depth (m)From (m) To (m) Interval (m)Cu %Mo %GeologyDDA-012005604.0216.0406.0190.00.570...