Business
MG Capital Corp and DLP Resources Announces Completion of Drilling PAN-18-01-EX on the DD Property
Cranbrook, British Columbia--(Newsfile Corp. - August 6, 2020) - DLP Resources Inc. (TSXV: DL...
About this update from Dlp Resources, Inc.
[{"type":"text","content":"MG Capital Corp and DLP Resources Announces Completion of Drilling PAN-18-01-EX on the DD PropertyCranbrook, British Columbia--(Newsfile Corp. - August 6, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that drilling the extension of the original PAN-18-01 hole on the DD property, which was recently optioned from PJX Resources Inc., has been completed. PAN-18-01-EX commenced at a depth of 1425.00m in a gabbro sill above the base of the Middle Aldridge Formation and ended at 1711.00m in the Lower Aldridge Formation. The Sullivan Horizon was intersected at the base of a faulted contact with the gabbro sill at 1529.00m and consisted of moderately to intensely altered siltstone/argillite. The alteration consisted of sericite, garnets, silicification, chlorite and minor albite to a depth of 1655.20m. Trace sphalerite was noted in a 24.80m interval from 1562.40m to 1589.42m. Ian Gendall, President of DLP commented: \"Although no significant zinc mineralization was observed in the moderately to intensely altered siltstones of the Sullivan Horizon there is a possibility that PAN-18-01-EX is in a distal part of a mineralized system. Further interpretation of historic drill hole data combined with doing a geophysical survey such as MT, electromagnetic geophysical method, will now be reviewed for assisting in identifying additional exploration targets on the DD property.\"The drill rig will now move to the 100% wholly owned Aldridge 1 property of DLP and drilling of the first proposed hole to a depth of 800-900m with a very intense MT target will commence shortly (see Figure 1 below). This hole is planned to drill a Sullivan-type Pb-Zn-Ag target at the Lower-Middle Aldridge Contact or \"LMC\" horizon.David L. Pighin, consulting geologist and co-founder of DLP Resources, 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.About DLP Resources Inc.DLP Resources Inc. is a mineral exploration company operating in Southeastern British Columbia, exploring for Base Metals and Cobalt. DLP is a wholly-owned subsidiary of MG Capital Corporation listed on the TSX-V, trading symbol DLP. Please refer to our web site www.dlpresourcesinc.com for additional information...