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MG Capital and DLP Resources Identifies Several Geophysical Targets On the Aldridge Projects
Cranbrook, British Columbia--(Newsfile Corp. - March 23, 2020) - MG Capital Corporation (...
About this update from Dlp Resources, Inc.
[{"type":"text","content":"MG Capital and DLP Resources Identifies Several Geophysical Targets On the Aldridge ProjectsCranbrook, British Columbia--(Newsfile Corp. - March 23, 2020) - MG Capital Corporation (TSXV: DLP) (\"MG\" or the \"Corporation\") and its wholly owned subsidiary, DLP Resources Inc. (\"DLP\"), are pleased to report that the ground geophysical survey, recently completed on the Aldridge 1 and Aldridge 2 properties, has produced encouraging results on both the Aldridge 1 and Aldridge 2 properties.The M.T. (magnetotellurics) geophysical survey consisted of 20 East-West lines totalling 32.8 km. The identification of the M.T. geophysical survey results highlight an area already considered geologically and structurally similar to the Northstar-Sullivan Corridor, which is the feeder system to the world class Sullivan orebody.On the Aldridge 1 property, the survey located 2 large anomalies. These anomalies are supported by surface showings of Pb-Zn-Ag mineralization, and abundant Sullivan type alteration and Sullivan lithologies. The northern anomaly in plan measures 800 m x 800 m and can be seen to a depth of plus 1000 meters. The southern anomaly in plan is 800 m x 100 m and can be traced to a depth of plus 1000 meters. Six diamond drill holes are planned to test both anomalies for a Pb-Zn-Ag rich Sullivan type massive sulphide deposit.On the Aldridge 2 property, the MT survey located 2 significant anomalies. The largest anomaly measures 400m x 500m in plan and can be traced to a depth of 200 meters, the second anomaly measures 200m x 400m in plan. These anomalies are also supported by Sullivan type alteration and lithologies. Three diamond drill holes are planned to test these anomalies for Sullivan type massive sulphides.David L. Pighin, consulting geologist and co-founder of DLP Resources Inc., is the qualified person (\"QP\") of the Corporation as defined by National Instrument 43-101. Mr. Pighin has reviewed and approved the technical contents of this news release.Property Earn-In AgreementMG and DLP are also pleased to announce that they have entered into a property earn-in agreement dated March 1, 2020 (the \"Earn-In Agreement\") with each of Jonathan Sean Kennedy, R.D. Craig Kennedy, Darlene E. Lavoie, Thomas Peter James Kennedy, Michael Cameron Kennedy and Frederick A. Cook (for Salt Spring Imaging, Ltd.) (together, the \"Field Expert...