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MG Capital and DLP Resources Announces Significant MT Geophysical Results on the DD, Moby Dick and NZOU Properties
Cranbrook, British Columbia--(Newsfile Corp. - December 3, 2020) - DLP Resources Inc. (TSXV: ...
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[{"type":"text","content":"MG Capital and DLP Resources Announces Significant MT Geophysical Results on the DD, Moby Dick and NZOU PropertiesCranbrook, British Columbia--(Newsfile Corp. - December 3, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that the final results from the ~33 line km Titan magnetotelluric (\"MT\") ground geophysical survey by Quantec Geoscience over the DD, Moby Dick and NZOU properties have been received.DD, Moby Dick and NZOU PropertiesA significant NE-SW trend of high conductivity (low resistivity) anomalies occur over an area of 5km x 0.5 km (Figure 1). Drilling of PAN18-01-EX and relogging of historic holes Irish 05-01 and IR 07-01 strongly supports the idea that the main conductive body of possible Sullivan-type Zn-Pb-Ag mineralization is between Pan 18-01-Ex, IR 07-01 and the Irish05-01 drill holes (Figure 2). Geological sections across this area further support the fact that the MT anomalies are associated with the interpreted downdip extension or position at depth of the Upper to Lower Middle Aldridge Formation and proposed Sullivan Horizon (Figures 3 and 4). Drilling of an additional 10,000 to 12,000m is currently planned to test these targets.Ian Gendall, President of DLP commented: \"In August this year DLP intersected the first Sullivan Horizon interval on the DD property by drilling the extension of hole PAN 18-01 (Teck Hole). Intensely altered siltstones of the Sullivan Horizon intersected in this hole indicated that we drilled in a distal part of a hydrothermal system consistent with the Sullivan-type Zn-Pb-Ag model. Further interpretation of historic drill hole data combined with the latest results of the MT geophysical survey has confirmed that intersections of weak zinc mineralization and intensely altered Sullivan Horizon sediments occur around a significant 5km trend of highly conductive anomalies. These highly conductive anomalies are possibly related to pyrrhotite (iron sulphide) which we know is a key indicator for targeting Sullivan-type Zn-Pb-Ag mineralization. When we look at the footprint of the Sullivan deposit it is clear we have a sizeable target area to host a significant mineralized system on the DD-Moby Dick and NZOU properties\" (Figure 5).Aldridge 1 PropertyAn additional 2 lines of MT geophysics, 1.4line km, was completed to the ...