- The drill programs on the Moby Dick and Nzou properties will likely be delayed until the new year given weather conditions in BC coupled with eminent snowfall
- The definitive agreement on the Aurora porphyry copper-molybdenum project in Peru has been signed, leading the way to permitting for drilling in 2022
- Seven grab samples and two float samples taken from the middle Creston Formation during the initial follow-up have reported very encouraging copper, silver and cobalt results
- The company has issued a total of 650,000 stock options to certain of its directors and officers
- DLP Resources is a mineral exploration company operating in Southeastern British Columbia, exploring for base metals and cobalt
- DLP Resources Inc. (DLP) opened trading at C$0.20 per share
DLP Resources (DLP) is pleased to announce an exploration and corporate update.
Moby Dick and NZOU Projects (Sullivan-type Zn-Pb-Ag Targets)
Extreme weather conditions over the past two weeks in Southern BC have delayed the preparation of trails to all proposed drill sites on the Moby Dick and Nzou properties. Very wet ground conditions in the field coupled with eminent snowfall is expected to delay the program until the new year.
Aurora Project (Porphyry Cu-Mo Target)
The definitive agreement on the Aurora porphyry copper-molybdenum project in Peru has been signed. The next step is to initiate permitting for drilling in 2022.
Hungry Creek Project
Seven grab samples and two float samples taken from the middle Creston Formation during the initial follow-up have reported very encouraging copper (115.3 to 11480ppm), silver (0.04 to 3,51ppm) and cobalt (0.9 to 117.6ppm) results. In addition to the copper, silver and cobalt values returned, anomalous gold of 0.1077 g/t was reported in one of the nine field samples taken.
Barium (Ba) is also highly anomalous with concentrations up to 4,274 ppm which could be an important element controlling sulphide deposition and concentration of metals such as copper, cobalt and silver in this sediment-hosted copper-silver-cobalt system.
Copper mineralization is both disseminated and veined within the quartzite to silty quartzite units of the middle Creston Formation and occurs principally as chalcopyrite with minor malachite on fractures. Specks of limonite reported in the sections were reported to be after sulphides.
Ian Gendall, President of DLP, commented,
“These initial nine reconnaissance rock samples taken during the prospecting along the 11 km trend of copper, silver and cobalt mineralization on the Hungry Creek extension have indicated very encouraging results for further, more detailed sampling as soon as the snow melts. The very anomalous Ba values within the mineralized quartzites, around the 711 showing is extremely encouraging for focusing our exploration effort. Detailed mapping and additional systematic sampling will commence as soon as we can access the showings again in the spring of 2022.”
The company has issued a total of 650,000 stock options to certain of its directors and officers. All of the stock options will be exercisable for a period of 5 years at an exercise price of $0.20.
DLP Resources is a mineral exploration company operating in Southeastern British Columbia, exploring for base metals and cobalt.
DLP Resources Inc. (DLP) opened trading at C$0.20 per share.