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MG Capital and DLP Resources Intersects a Significant Thickness of Sullivan Horizon Sediments in Drill Hole AK20-02 on the Aldridge 1 Property
Cranbrook, British Columbia--(Newsfile Corp. - October 8, 2020) - DLP Resources Inc. (TSXV: D...
About this update from Dlp Resources, Inc.
[{"type":"text","content":"MG Capital and DLP Resources Intersects a Significant Thickness of Sullivan Horizon Sediments in Drill Hole AK20-02 on the Aldridge 1 PropertyCranbrook, British Columbia--(Newsfile Corp. - October 8, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that a significant, 200m, thickness of moderate to intense hydrothermally altered Sullivan Horizon (SH) sediments have been intersected in AK20-02 at a depth of 1,190m. Associated with this moderate to intense alteration of albite, garnets, silicification and trace tourmaline is weak zinc mineralization which occurs as disseminated sphalerite throughout and as veinlets together with moderate to intense amounts of pyrrhotite (iron sulphide) mineralization. A 18.0m thick fragmental unit was intersected at the top of the SH. Sampling of the mineralized zone in AK20-02 is currently underway.AK20-02 was drilled approximately 350m east of AK20-01 which intersected a 74.6m thick zone of weakly mineralized and hydrothermally altered Sullivan Horizon sediments (see news release of September 11, 2020). The Sullivan Horizon in this part of the Panda Basin appears to be thicker and better mineralized east and adjacent to a major fault structure trending NNW on Aldridge 1. This NNW trending structure is similar to the trend of the North Star-Sullivan Corridor which is the feeder system to the Sullivan deposit. Ian Gendall, President of DLP commented: \"Drill holes AK20-01 and AK20-02 have given us some very significant geological information for this part of the Panda Basin for further targeting a Sullivan-type Zn-Pb-Ag deposit on our claim blocks in this area. The 200m of hydrothermally altered Sullivan Horizon sediments in AK20-02 is very encouraging and disseminated zinc throughout this interval bodes well for additional targeting downdip, to where the MT geophysics shows a large strong conductor. Based on our interpreted geology coupled with the geophysical magnetotelluric (MT) resistivity anomalies around AK20-01 and AK20-02, it has been decided to extend some of the original MT lines further to the east of these two holes to further assist us in the targeting process. The additional 1,400m of Titan MT on Aldridge 1 will be completed when the MT survey currently in progress by Quantec on the DD, NZOU and Moby Dick properties i...