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MG Capital Corp and DLP Resources Announce Receipt of Drill Permits and Appointment of New Director
Cranbrook, British Columbia--(Newsfile Corp. - July 13, 2020) - DLP Resources Inc. (TSXV: D...
About this update from Dlp Resources, Inc.
[{"type":"text","content":"MG Capital Corp and DLP Resources Announce Receipt of Drill Permits and Appointment of New DirectorCranbrook, British Columbia--(Newsfile Corp. - July 13, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that approvals to commence work, including drilling, on the Aldridge 1, 2 and Hungry Creek properties have been received from the BC Ministry of Energy, Mines and Petroleum Resources. Ian Gendall, President of DLP commented \"We are extremely excited to be able to start executing our plan of drilling the Sullivan-type Pb-Zn-Ag targets on the Aldridge 1 and 2 Properties approximately 50 km southwest of Cranbrook, this year. Targets identified from the MT geophysical survey (see news release of March 23, 2020 and Figures below) and mapping done by Dave Pighin will now be tested by drilling\". Ian Gendall further commented \"With the recently announced option agreement with PJX Resources (see news release of June 22, 2020) on the DD property adjacent to Aldridge 1 we have an exciting package of ground along a significant northeast structural trend and other north trending structures for exploring Sullivan-type targets at the Lower to Middle Aldridge contact\". Additional follow-up mapping and soil sampling to locate the source of the massive to semi-massive sulphides, hosted by float boulders at Hungry Creek will commence before any drilling will be initiated. Sixteen mineralized float boulders taken from the Hungry Creek drainage were assayed for cobalt and copper. The 16 boulders sampled had an assay range of 0.008% to 5.0% for copper and 0.002% to 0.23% for cobalt (see news release of January 09, 2020).Once the recently announced (see July 09, 2020 news release) non-brokered private placement for gross proceeds of $1,500,000 is completed the Company will mobilize crew and equipment for the summer drill program which is expected to commence the last week of July, 2020. APPOINTMENT OF NEW DIRECTORDLP would also like to announce the appointment of Ms Carol Li to the Board of Directors of DLP. Ms. Li is a Canadian Chartered Professional Accountant with over 20 years of financial and executive management experience, of which 14 years in mining. Ms. Li was appointed as Chief Financial Officer of Ascot Resources Ltd. on November 2, 2017. Ms. Li was formerly Vice Preside...