202620 releases
DLP Resources Files NI 43-101 Technical Report for the Aurora PEA
An independent NI 43-101 technical report supporting the Preliminary Economic Assessment on the 100%-owned Aurora copper-molybdenum-silver project in southern Peru has been filed on SEDAR+ and the company website, following the PEA results released September 1, 2026. The PEA established an after-tax NPV8% of US$2,703 million and an 18.5% IRR over a 17.5-year mine life using open pit and underground mining, with annual payable production of 90.5 million pounds copper, 37.4 million pounds molybdenum and 1.21 million ounces silver.
Study resultsDLP Resources Provides Update on Esperanza Drill Program
Drilling has been temporarily paused at the 100%-owned Esperanza copper-gold-molybdenum project in southern Peru while matters relating to the project's authorization are addressed. The maiden drill program had commenced on September 20, 2026. DLP says it is working with Peruvian legal and technical advisors and the relevant authorities to obtain the necessary confirmations, has no reason to believe the matters cannot be resolved, and intends to recommence drilling as soon as practicable.
Drill resultsDLP Resources to Extend Warrants
The term of 6,486,706 common share purchase warrants issued under a private placement that closed January 31, 2025 will be extended from January 31, 2027 to January 31, 2028, subject to TSX Venture Exchange approval. The warrants are exercisable at $0.40, and all other terms remain unchanged. DLP Resources explores for base metals and cobalt in Peru and southeastern British Columbia.
CorporateDLP Resources Commences First-Ever Drill Program at Esperanza; Drilling Underway on Near-Surface Copper Oxide Zone and Main Porphyry Copper-Gold-Molybdenum Target
Diamond drilling began at the 100%-owned Esperanza copper-gold-molybdenum project in southern Peru, with the first hole collared on September 20, 2026, the first drilling ever on the 22,500-hectare property. The maiden program comprises roughly 3,000 metres in seven holes: four shallow holes to a maximum 150 metres each testing a 300 m x 700 m near-surface copper oxide zone, followed by three 800-metre holes targeting the porphyry core beneath a 5.0 km x 2.5 km magnetic anomaly. Assays will be reported as received.
Drill resultsDLP Receives Drill Permits at Esperanza; First-Ever Drill Program to Commence September 18, 2026
All permits have been received for the first drill program at the 100%-owned, 22,500-hectare Esperanza copper-gold-molybdenum project in southern Peru, with the first hole expected to be collared September 18, 2026. The program comprises approximately 3,000 metres of diamond drilling in seven holes: four holes to a maximum 150 metres testing a 300 m x 700 m copper oxide zone, and three 800-metre holes testing the porphyry target beneath a 5.0 km x 2.5 km magnetic anomaly.
CorporateDLP Announces Positive Preliminary Economic Assessment (“PEA”) for the Aurora Copper-Molybdenum Project, with Significant Multi-Phase Expansion Potential
A preliminary economic assessment for the 100%-owned Aurora copper-molybdenum-silver project, 60 km northeast of Cusco, Peru, shows an after-tax NPV8% of $2,703 million, an 18.5% IRR and a 5.2-year payback at $4.90/lb copper, $25.40/lb molybdenum and $45.30/oz silver. The plan covers a 17.5-year mine life processing 402.9 million tonnes at 65,000 tonnes per day, with initial capital of $2,377 million. A NI 43-101 technical report will be filed within 45 days.
Study resultsDLP Resources Reports 550 g/t Silver and 4.548% Copper in Surface Rock Chip Samples, and Defines Two New Priority Target Areas at Esperanza, Peru
Surface rock chip sampling at the 100%-owned Esperanza copper-gold-molybdenum project in southern Peru returned 550 g/t silver, 4.548% copper and 141.43 ppm molybdenum from a 0.1 m x 7 m vein (sample Y411477), plus 7.795 g/t gold with 27.7 g/t silver and 0.780% copper; 21 of 55 select samples exceeded 1% Cu. Results from 94 additional samples defined two new target areas: the 1 km x 1 km Esperanza East Domain, 3.7 km ESE, and a Northeast Vein Corridor 6.5 km NE. A 3,000-metre maiden drill program is permitted-pending, with drilling expected to start in late Q3 2026.
Drill resultsDLP Resources reports 7.8 g/t gold at Esperanza and Expands the Target to 5km x 2.5km; Advancing towards Maiden Drill Program in Q3 2026
Surface rock chip sampling at the Esperanza copper-gold project in southern Peru returned up to 7.8 g/t gold and 27.7 g/t silver from a single vein sample, with multiple samples above 0.2 g/t gold and 1 g/t silver. A drone-based magnetic survey extended 1.5 km further south expanded the target to approximately 5 km x 2.5 km. A maiden 3,000-metre drill program is in permitting, with drilling expected to begin in August 2026.
Drill resultsDLP Earns 100% Ownership of Aurora Project and Secures Six-Year Community Land Use Agreement
Full 100% ownership of the Aurora porphyry copper-molybdenum-silver project in Southern Peru has been earned after DLP Resources fulfilled all commitments under the SMRL Parobamba II option agreement dated May 18, 2021. On June 14, 2026, the Parobamba Community voted to approve a six-year extension of the land use and exploration agreement, to be registered with the Cusco Public Registry within a month. Aurora hosts a 1.05 billion-tonne inferred resource grading 0.44% CuEq; its PEA is expected in Q3 2026.
AcquisitionDLP Resources Appoints Gautam Iyer as Vice President of Corporate Development and Investor Relations
Gautam Iyer has been appointed Vice President of Corporate Development and Investor Relations at DLP Resources. Iyer previously worked at Canaccord Genuity in equity research and at Orefinders Resources and Ore Group in corporate development, and holds Bachelor's and Master's degrees in Geology from the University of Toronto and an MBA from Schulich School of Business. He was granted 200,000 stock options exercisable at $0.19 for a three-year term, vesting 25% every three months, subject to TSX Venture Exchange approval.
ManagementDLP Resources Announces Closing of Brokered Offering for Gross Proceeds of C$6 Million
A brokered private placement closed for gross proceeds of C$6,000,000, comprising 24,000,000 units at C$0.25 per unit, including full exercise of the agent's option, with Red Cloud Securities Inc. as sole agent and bookrunner. Each unit includes one common share and one warrant exercisable at C$0.35 from July 21, 2026 to May 21, 2029. Net proceeds are earmarked for the Aurora Cu-Mo-Ag Project in southwest Peru, the Esperanza Cu-Mo Project in southern Peru, and working capital. Closing remains subject to final TSX Venture Exchange approval.
FinancingDLP Resources Announces Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
A best efforts private placement for gross proceeds of up to C$5,000,000 has been agreed with Red Cloud Securities Inc. as sole agent and bookrunner, comprising up to 20,000,000 units at C$0.25 per unit, each unit consisting of one common share and one warrant exercisable at C$0.35 from 61 days after closing until 36 months after closing. Red Cloud holds an option for an additional 4,000,000 units for up to C$1,000,000. Net proceeds will advance the Aurora Cu-Mo-Ag Project and Esperanza Cu-Mo Project in Peru, plus working capital. Closing is anticipated May 21, 2026.
FinancingDLP Resources Confirms a 4.4 km3 magnetic body at the Esperanza Porphyry Copper-Molybdenum Project in Southern Peru which aligns with the typical porphyry ore-forming model
3D magnetic susceptibility inversion of drone aeromagnetic data over 16.86 square kilometres at the 100%-owned Esperanza copper-molybdenum project in southern Peru delineated a magnetic body of approximately 4.4 km3, imaged to 1,200 metres depth, with a magnetic footprint of roughly 3 x 2 km estimated at 200 to 700 metres below surface. Sr/Y ratios from 94 rock samples average 99.31, with values up to 325. Additional rock chip sampling, an extension of the magnetic survey, and permitting for a 2026 drill program are underway.
Drill resultsDLP Resources reports 48m of 1.03% copper in a trench on the 100% owned Esperanza Porphyry Copper-Molybdenum Project
Geochemical results from four additional trenches and an access road cut in the exotic copper zone at the 100%-owned Esperanza Cu-Mo project in southern Peru returned mineralized intervals of 10 to 96m averaging 0.19% to 1.03% Cu. Trench T6-026 returned 86m @ 0.73% Cu, including 48m @ 1.03% Cu from 36m; T5-026 returned 66m @ 0.66% Cu; T7A-026 returned 96m @ 0.54% Cu; and road cut C1-026 returned 22m @ 0.62% Cu. Phase 2 sampling and geophysics will precede drill testing later this year.
Drill resultsDLP Resources reports 54m of 1.53% copper in a trench on the 100 % owned Esperanza project and confirms Silver-Gold-Arsenic-Antimony anomalies coincident with previously reported Molybdenum and Copper in rock chips / Appoints Joe Phillips to the Board
Trenching on the exotic copper zone at the 100%-owned Esperanza Cu-Mo project in southern Peru returned 54m of 1.53% Cu in trench T1-026 (including 10m of 2.29% Cu), 48m of 0.29% Cu in T2-026 and 82m of 0.62% Cu in T3-026, from three of nine trenches over an area of about 300m x 700m. Re-assay of 94 rock sample pulps confirmed As–Sb–Pb–Bi ± Ba anomalies with anomalous Mo, and up to 82g/t Ag. Joe Phillips was appointed to the Board and granted 200,000 options at $0.36.
Drill resultsDLP Resources Announces Extension of the Preliminary Economic Assessment on the Aurora Copper-Molybdenum-Silver Project to Q2 of 2026
Completion of the Preliminary Economic Assessment on the Aurora copper-molybdenum-silver project has been extended to Q2 2026, allowing Global Resource Engineering to evaluate combined open pit and underground mining after drilling indicated potential resources below the currently designed pit limit. An additional 4,309 metres drilled in 2025 will be used to update the Mineral Resource estimate for 2026 and the PEA. The January 31, 2025 maiden inferred resource was 1,050 Mt at 0.20% Cu, 0.05% Mo and 2.4 g/t Ag.
Study resultsDLP RESOURCES INC.: Invitation to PDAC 2026 Booth 2745
DLP Resources will exhibit at Booth #2745 at the Prospectors & Developers Association of Canada (PDAC) Convention at the Metro Toronto Convention Centre from Sunday, March 1 to Wednesday, March 4, 2026. The company is a mineral exploration company operating in Southeastern British Columbia and Peru, exploring for base metals and cobalt, listed on the TSX-V (DLP), OTCQB (DLPRF) and FSE (J8C).
CorporateDLP RESOURCES to Present at the Precious Metals & Critical Minerals Virtual Investor Conference February 11th, 2026
CEO Ian Gendall will present live at the Precious Metals & Critical Minerals Virtual Investor Conference on February 11, 2026 from 10:30 to 11:00 a.m. ET, with one-on-one meetings available February 12 and 13. The release notes the Aurora copper-molybdenum-silver project in Southern Peru has a 1.05 billion tonne inferred maiden resource at 0.44% CuEq (0.20% Cu, 0.05% Mo, 2.4 g/t Ag), effective January 31, 2025, with 4,308.60 m of drilling completed in November 2025 and a PEA in progress for Q1 2026.
CorporateDLP Resources Inc. Announces Award Grants
An aggregate of 518,086 incentive stock options, 322,054 restricted share units and 1,351,350 deferred share units have been granted to certain directors and officers under DLP Resources' Long-Term Incentive Plan. The Options are exercisable at $0.37 per common share for five years, vesting 1/3 immediately, 1/3 after one year and 1/3 after two years, as do the RSUs. The DSUs vest when the holder ceases to be an eligible person under the Plan.
CorporateDLP Resources Announces Coincident Magnetic anomaly with Copper and Molybdenum Anomalies at the Esperanza Porphyry Copper-Molybdenum Project in Southern Peru
A 280 line-km aeromagnetic drone survey covering 30 km² has been completed at the Esperanza porphyry copper-molybdenum project in southern Peru, flown on a north-south grid of 200m line spacings with 100m infill. The survey defined a magnetic high surrounded by magnetic lows coincident with mapped porphyry-related alteration, spectral alteration mapping and copper-molybdenum anomalies from 2024 rock chip sampling, over an area of approximately 4 x 4 km. Permitting a 2026 drill program is the next step.
Drill results
202517 releases
DLP Resources Announces Intersection of 260.50m of 1.02% CuEq* within 866.95m interval of 0.55% CuEq*, on the Aurora Project
Drillhole A25-026 at the Aurora copper-molybdenum-silver porphyry project in southern Peru returned 0.55% CuEq over 866.95m from 22.55m to the end of hole at 889.50m, including 1.02% CuEq over 260.50m from 629.00m. A25-027, collared 214 metres north of A25-024, returned 0.42% CuEq over 679.20m from surface, including 0.48% CuEq over 547.20m from 132.00m. With drilling complete, DLP expects to update the initial Mineral Resource Estimate and complete a Preliminary Economic Assessment by Q1 2026.
Drill resultsDLP Resources Inc. Announces Implementation of a Technical Committee and Appointment of Joe Phillips as Technical Advisor
A Technical Committee has been formed to evaluate and review all technical aspects of DLP Resources' business and report directly to the Board, with all directors authorized to participate. Joe Phillips has been appointed Technical Advisor; he previously advised the World Copper project in Arizona, served as COO at Minera Tres Valles in Chile and Laguna Gold, and held senior roles at Coeur Mining, Silver Standard and Pan American Silver. DLP explores for base metals and cobalt in southeastern British Columbia and Peru.
ManagementDLP Resources Appoints New Chairman
William (Bill) Bennett has been appointed Chair of the Board of DLP Resources Inc., effective immediately, replacing Derek White, who steps down as Chair but remains a director. Bennett is a former BC mines minister who served three times as MLA over a 16-year career. The Board also created a technical committee comprised of the directors and chaired by Director Rick Zimmer. DLP operates in southeastern British Columbia and Peru, including the Aurora project in Peru.
ManagementDLP Resources Announces Intersection of 439.60m of 0.58% CuEq* within 809.60m interval of 0.47% CuEq*, on the Aurora Project
Drillhole A25-025 at the Aurora copper-molybdenum-silver porphyry project in southern Peru returned 0.47% CuEq over 809.60m from 92.00m to 901.60m, including 0.58% CuEq over 439.60m from 462.00m, and 0.12% CuEq over 90.00m from 2.00m; the hole ended in mineralization at 901.60m. Two further holes, A25-026 and A25-027, are in progress and due by month-end, with an updated mineral resource estimate and PEA targeted for Q1 2026. A 228 line-km drone magnetic survey begins at Esperanza in mid-November 2025.
Drill resultsDLP Resources intersects 130m of 0.50% CuEq* within a 927.45m interval of 0.31% CuEq*, on the Aurora Project
Drillhole A25-023 at the Aurora copper-molybdenum-silver porphyry project in southern Peru returned 0.31% CuEq over 927.45m from 1.20m, including 0.36% CuEq over 628.65m and 0.50% CuEq over 130.00m from 332.00m, while A25-024 returned 0.16% CuEq over 899.65m from 10.00m, including 0.42% CuEq over 233.65m from 676.00m. The holes extended mineralization southwest and southeast. Drilling continues with A25-025 complete and A25-026 and A25-027 in progress; a Preliminary Economic Assessment by Global Resource Engineering is planned for release in the first quarter of 2026.
Drill resultsDLP Resources to Extend Warrants
The term of 6,622,250 common share purchase warrants, issued under a private placement that closed in tranches on September 28, 2023 and November 1, 2023, will be extended by one year to September 28, 2026 and November 1, 2026, subject to TSX Venture Exchange approval. The warrants are exercisable at $0.54 and had been set to expire on September 28, 2025 and November 1, 2025. All other warrant terms remain the same.
CorporateDLP Resources Announces Commencement of 2025 Drilling on the Aurora Porphyry Copper-Molybdenum-Silver Project in Southern Peru
Drilling has begun at the Aurora porphyry copper-molybdenum-silver project in Calca Province, southeastern Peru, with first hole A25-023 started July 16 at an azimuth of 215 degrees, -70 degrees inclination and a planned depth of 1,000m; a second hole in the southeast is to start within a week. The 2025 program comprises 6,000m to 7,000m in seven extension and infill holes. A preliminary economic assessment is planned to start in August 2025, with completion expected December 2025.
Drill resultsDLP Resources Announces Closing of $7.5 Million Brokeredand Non-Brokered Private Placements
Brokered and non-brokered private placements have closed for aggregate gross proceeds of $7,522,962.60, comprising $5,889,264.90 brokered, led by Paradigm Capital Inc., and $1,633,697.70 non-brokered. A total of 25,076,542 units were issued at $0.30 per unit, each with one common share and one-half warrant exercisable at $0.45 for three years. Net proceeds will fund exploration and a 43-101 compliant Preliminary Economic Assessment for the Aurora Property, plus working capital. The Agent received $284,518.15 cash and 902,502 broker warrants.
FinancingDLP Resources Inc. Announces Up To $10 Million Private Placement Financing
A private placement of up to $10 million has been arranged, comprising a brokered offering of up to 20,000,000 units at $0.30 per unit for up to $6,000,000 with Paradigm Capital Inc. as agent and sole bookrunner, plus a concurrent non-brokered placement of up to 13,333,334 units for up to $4,000,000. Each unit includes one common share and half a warrant exercisable at $0.45 for three years, with an agents' option for 3,000,000 additional units for $900,000. Proceeds will fund exploration and a 43-101 compliant Preliminary Economic Assessment on the Aurora Property, and working capital. Closing is expected on or about June 24, 2025.
FinancingDLP Resources Appoints New Chairman
Derek White has been appointed Chairman of the board of DLP Resources, effective immediately. White joined the board on January 20, 2025, had advised the company for several years, and has over 35 years of mining industry experience, including as recently retired President and CEO of Ascot Resources Ltd. and President and CEO of KGHM International Ltd. from 2012 to 2015. Co-founder Jim Stypula will remain with the company as Lead Director.
ManagementDLP Resources Inc. Announces Filing of NI 43-101 Technical Report on the Aurora Cu-Mo-Ag Property in the Calca Province, Peru with Inferred Maiden Resource
A NI 43-101 technical report on the Aurora Cu-Mo-Ag property in Calca Province, Peru, containing the inferred maiden mineral resource, has been filed on SEDAR+ and the company's website. The report was prepared by independent AMC Consultants Pty Ltd. The maiden Mineral Resource results for the Aurora Project were released on February 27, 2025.
Resource updateDLP Resources Inc. Engages German Mining Networks for Investor Relations
German Mining Networks GmbH has been retained to provide investor relations services to DLP Resources under an agreement entered into on April 7, 2025, for a three-month term that renews automatically unless terminated by either party. DLP will pay GMN $6,800 per month from working capital for shareholder and investor scheduling and communication services, roadshow assistance and introductions to European investors. GMN is arm's length to the Company, and the agreement remains subject to TSX Venture Exchange acceptance.
CorporateDLP Resources Inc Reports Maiden – 1 Billion Tonne Inferred Mineral Resource at the Aurora Project
A maiden NI 43-101 inferred mineral resource at the Aurora Project in Parobamba, Cusco Department, Peru, totals 1,050 Mt grading 0.20% copper, 0.05% molybdenum and 2.4 g/t silver (0.44% CuEq), containing 4,650 million lb copper, 1,110 million lb molybdenum and 80 Moz silver, effective January 31, 2025. The estimate, prepared by AMC Consultants, is based on 24 diamond drillholes totalling 18,400 m and is pit-constrained at a US$5.75/t NSR cut-off.
Resource updateDLP Resources Announces Investor Relations Agreement
An investor relations agreement dated January 31, 2025 has been signed with consultant Max Reinhart, effective December 1, 2024, for a 12-month term providing advertising, marketing and shareholder and investor relations services. Reinhart will receive 150,000 stock options at $0.19 for a three-year term, vesting in quarters at grant, 6, 12 and 24 months, plus a monthly cash fee of $6,000 paid from working capital. The agreement is subject to TSX Venture Exchange approval.
CorporateDLP Resources Announces Closing of Private Placement of Units
A non-brokered private placement of 6,486,706 units at $0.21 per unit has closed for gross proceeds of $1,362,208. Each unit comprises one common share and one warrant exercisable at $0.40 for 24 months; the company issued 62,461 finder's warrants on the same terms and paid finder's commissions of $13,116.81. Proceeds will fund the Peru projects and general office and administration requirements, with securities subject to a hold period expiring June 1, 2025.
FinancingDLP Announces Appointment of Derek White to Board of Directors and provides Exploration Update
Derek White has been appointed an independent, non-executive director effective January 20, 2025. The 2024 drill program at the Aurora copper-molybdenum project in Peru completed 10 holes totalling 8,394.53m, bringing drilling since 2022 to 18,305m in 23 holes, with intercepts including 1,189.65m at 0.17% Cu, 0.0279% Mo and 1.92 g/t Ag in A24-021; a maiden NI 43-101 resource estimate by AMC Consultants is due in Q1-2025. The company also issued 552,100 options at $0.19 and 52,100 RSUs.
ManagementDLP Resources Announces Extension of Non-Brokered Private Placement and Award Grants
The TSX Venture Exchange has granted DLP Resources an extension to January 31, 2025 to complete its non-brokered private placement of units at $0.21 per unit for gross proceeds of up to $2,100,000, with each unit including one share and one warrant exercisable at $0.40 for 24 months. Proceeds will fund the Peru projects and general office and administration requirements. The Company also issued 657,895 stock options at $0.19 for three years, 1,262,895 RSUs and 2,104,000 DSUs to directors and officers.
Financing
202421 releases
DLP Resources intersects 256m of 0.68% CuEq* within a 1007.50m interval of 0.37% CuEq*, on the Aurora Project, Finalizes Metallurgical Study & Extends Warrants
Drillhole A24-022 at the Aurora copper-molybdenum-silver porphyry project in southern Peru returned 0.37% CuEq over 1,007.50m from surface, including 0.44% CuEq over 474.50m from 533.00m and 0.68% CuEq over 256.00m from 591.00m; it was the last of nine holes drilled in 2024, with an initial resource estimate expected in Q1 2025. Additional metallurgical test work on the M2 composite produced a 49.7% Mo concentrate and a 28.7% Cu concentrate by open circuit flotation, with bulk flotation recoveries of 93.2% Ag, 97.4% Cu and 95.1% Mo and no penalty elements.
Drill resultsDLP Resources Announces Non-Brokered Private Placement
A non-brokered private placement of up to 10,000,000 units at $0.21 per unit for gross proceeds of up to $2,100,000 is planned. Each unit comprises one common share and one warrant exercisable at $0.40 for 24 months from closing, with finder's fees of 7.0% in cash and 7.0% in finder's warrants payable to eligible finders. Proceeds will fund the Peru projects and general office and administration requirements, subject to TSX Venture Exchange approval and a four-month hold period.
FinancingDLP Resources intersects 303.15m of 0.49% CuEq* within a 1189.65m interval of 0.32% CuEq*, on the Aurora Project
Drillhole A24-021 at the Aurora copper-molybdenum-silver porphyry project in southern Peru returned 0.32% CuEq over 1189.65m from 2.50m to 1192.15m, including 0.49% CuEq over 303.15m from 889.00m and 0.39% CuEq over 751.15m from 441.00m. The hole was stopped in molybdenum mineralization at 1192.15m due to the drill rig's maximum capacity. Results for one further hole, A24-022, remain outstanding, and AMC Consultants has begun due diligence ahead of an initial resource estimate expected in Q1 2025.
Drill resultsDLP Resources intersects 339.35m of 0.76% CuEq* within a 1058.35m interval of 0.38% CuEq*, on the Aurora Project
Drillhole A24-020 at the Aurora copper-molybdenum-silver porphyry project in southern Peru returned 0.38% CuEq over 1058.35m from 3.00m, including 0.44% CuEq over 874.35m from 187.00m, 0.76% CuEq over 339.35m from 722.00m and 0.87% CuEq over 284.00m from 722.00m to 1006.00m. The hole was drilled about 135m southeast of A24-016 and ended at 1061.35m in molybdenum mineralization due to the drill rig's maximum capacity. DLP targets an initial resource estimate by March 2025.
Drill resultsDLP Resources intersects 59.70m of 0.40% Cu, Engages AMC Consultants to do the Preliminary Resource Estimate on the Aurora Project & Extends Warrants
Drillhole A24-019A at the Aurora copper-molybdenum-silver project in southern Peru returned 0.21% Cu over 133.70m from 34.30m, including 0.40% Cu over 59.70m from 34.30m to 94.00m; the hole was stopped at 267.45m after entering a fault zone. AMC Consultants has been engaged to complete a preliminary NI 43-101 resource estimate on Aurora, expected by March 2025. DLP also intends to extend 4,358,800 warrants exercisable at $0.40 by one year, to November 22, 2025 and December 15, 2025, subject to TSXV approval.
Drill resultsDLP Resources intersects 954m of 0.36% CuEq* and 94.00m of 0.81% Cu on the Aurora Project in Southern Peru.
Drillholes A24-017 and A24-018 at the Aurora copper-molybdenum-silver porphyry project in southern Peru returned 0.63% Cu over 125m from surface, including 0.81% Cu over 94.00m from 31m, and 0.36% CuEq (0.23% Cu, 0.02% Mo, 2.09 g/t Ag) over 954m from 164.00m to 1118.00m. Further drilling is planned in the southeast. At the NZOU project in southeast British Columbia, hole NZ23-01 ended at 1759m with no significant zinc mineralization observed and no further drilling planned.
Drill resultsDLP Reports results from its initial Metallurgical Study on its Aurora Property, Peru. High recoveries achieved (95.8% Cu, 86.4% Mo, 89.3% Ag) to saleable concentrates.
Initial metallurgical scoping test work by C.H. Plenge & Cia S.A. in Lima on the Aurora copper-molybdenum-silver porphyry project in Calca Province, southeastern Peru returned rougher concentrate recoveries of 95.8% copper, 86.4% molybdenum and 89.3% silver from a master composite of partially leached, enriched/mixed and primary Mo-rich zones, at a 150 micron primary grind. Copper-molybdenum separation produced concentrates assaying 52.6% Mo at 61% recovery (M-1) and 49.7% Mo at 84% recovery (M-3). No penalty or deleterious elements were found.
Study resultsDLP Resources intersects 216.15m of 0.82% CuEq* within an interval of 1080.15m of 0.32% CuEq*on the Aurora Project in Southern Peru
Drillhole A24-016 at the Aurora copper-molybdenum-silver porphyry project in southern Peru returned 0.32% CuEq over 1080.15m (0.15% Cu, 0.0318% Mo, 1.41 g/t Ag) from surface, including 0.48% CuEq over 89.00m from 0.00m and 0.82% CuEq over 216.15m (0.09% Cu, 0.1397% Mo, 0.62 g/t Ag) from 864.00m. The hole ended in molybdenum mineralization at 1080.15m. Two rigs are drilling A24-017 and A24-018, with results expected in late September and early October.
Drill resultsDLP Resources intersects 431m of 0.41% CuEq* on the Aurora Project in Southern Peru.
Drillhole A24-015 at the Aurora copper-molybdenum-silver porphyry project in southern Peru returned 0.19% CuEq over 966.50m (0.13% Cu, 0.0084% Mo, 1.43 g/t Ag) from 6.00m, including 0.41% CuEq over 431.00m from 362.00m and 0.70% CuEq over 179.50m (0.1244% Mo) from 793.00m to the 972.50m end of hole. The hole was drilled about 220m east-southeast of A24-014 and ended in molybdenum mineralization due to faulting. Two rigs are drilling A24-016 and A24-017, with results expected in August. This release corrects intervals stated earlier on July 16, 2024.
Drill resultsDLP Resources intersects 66m of 0.42% Cu and 4.89g/t Ag within a 202m interval of 0.25% Cu and 2.93g/t Ag on the Aurora Project in Southern Peru.
Drillhole A24-014 at the Aurora copper-molybdenum-silver porphyry project in the Province of Calca, southern Peru returned 534.30m at 0.14% Cu and 2.09g/t Ag from 107.00m, including 202.00m at 0.25% Cu and 2.93g/t Ag and 66m at 0.42% Cu and 4.89g/t Ag from 219.00m. The hole, collared 250m northeast of A23-013, was stopped at 641.30m due to faulting and did not reach the planned molybdenum zone. A second drill rig is on site drilling the NE target, and 400,000 RSUs were granted to founders.
Drill resultsDLP Resources Announces Continuation of Drilling NZ23-01 on the NZOU Critical Metals Project – Sullivan-type Zn-Pb-Ag Target in SE British Columbia
Drilling of hole NZ23-01 at the NZOU critical metals project in southeastern British Columbia restarted on June 18, 2024, after being halted in July 2023 at 1330m due to permit restrictions. The hole intersected the Sullivan horizon at 1317.0m with disseminated pyrrhotite, thin pyrrhotite layers and weakly disseminated sphalerite, and will be extended a further 300m to approximately 1650m. DLP also granted 230,000 stock options, exercisable for five years at $0.36 and $0.465, and 100,000 RSUs.
Drill resultsDLP Resources Announces Warrant Repricing
The exercise price of 6,622,250 common share purchase warrants will be repriced from $0.80 to $0.54, subject to TSX Venture Exchange approval, with all other terms unchanged. The warrants were issued in two tranches of a private placement, 4,000,250 on September 28, 2023 and 2,622,000 on November 1, 2023, expiring September 28, 2025 and November 1, 2025 respectively. DLP explores for base metals and cobalt in Peru and southeastern British Columbia.
CorporateDLP Resources Inc. Announces Corporate Update
Donald Njegovan is stepping down as a Director of DLP Resources effective May 9, 2024 to focus on his duties at OSISKO Mining Inc., after 3.5 years on the board. The Company has begun a search for a new Director with suitable experience. DLP explores for base metals and cobalt in Southeastern British Columbia and Peru.
CorporateDLP Resources Announces Closing of $6.4 Million Brokered and Non-Brokered Private Placement
A brokered and non-brokered private placement closed for aggregate gross proceeds of $6,423,682, comprising $4,822,682 brokered, led by Paradigm Capital Inc. with Canaccord Genuity Corp., and $1,601,000 non-brokered. DLP Resources issued 16,059,205 units at $0.40, each with one common share and one warrant exercisable at $0.54 for 36 months. Proceeds will fund exploration and development and general working capital; agents received $287,680.46 in cash and 719,201 compensation warrants, with $112,070 and 280,175 finder's warrants paid on the non-brokered portion.
FinancingDLP Resources Announces Commencement of 2024 Drilling at Aurora
Drilling of the fourteenth diamond drill hole at the Aurora porphyry copper-molybdenum project in the Province of Calca, southeast Peru has begun. Hole A24-014 started on April 24 at an azimuth of 050 degrees and inclination of -70 degrees, located approximately 270m northeast of A23-013, to a planned depth of 1000m. The 2024 program is planned for 10,000m of drilling, with results expected in early June; thirteen holes were completed in December 2023.
Drill resultsDLP Resources Expands Copper and Molybdenum zone on the 100 % Owned Esperanza Project with an Additional 53 Rock Samples Returning up to 3.46 % Cu, 130.5ppm Mo, 7930ppm Zn and 245ppm Co
A second phase of 53 rock samples from the 100%-owned Esperanza porphyry copper-molybdenum project in Southern Peru returned up to 3.46% Cu, 130.5ppm Mo, 7930ppm Zn and 245ppm Co, with 15 of the 53 samples grading between 0.3% Cu and 3.46% Cu from quartz diorite and polymictic breccias. Two phases of sampling and mapping have defined an area of 3.5km x 1.5km with anomalous copper and molybdenum. Esperanza covers 4,600 Ha immediately south of the Chapi Copper Mine.
Drill resultsDLP Resources Announces $6 Million Brokered Private Placement
A brokered private placement of up to 15,000,000 units at $0.40 per unit for gross proceeds of up to $6,000,000 has been agreed with Paradigm Capital Inc. as lead agent and sole bookrunner. Each unit includes one common share and one warrant exercisable at $0.54 for 36 months from closing, with an agents' option for up to 2,250,000 additional units. Closing is expected on or around May 3, 2024, subject to TSX Venture Exchange approval; proceeds are for exploration and development and general working capital.
FinancingDLP Resources Discovers Copper on the 100 % Owned Esperanza Project with Rock Samples returning up to 4.71% Cu, 28.8ppm Mo, 3540ppm Zn and 383ppm Co
First-phase rock sampling at the 100%-owned Esperanza porphyry copper-molybdenum project in southern Peru returned up to 4.71% Cu, 28.8ppm Mo, 3540ppm Zn and 383ppm Co. Ten of 44 rock chip samples graded between 1.1% Cu and 4.67% Cu, taken from outcropping quartz diorite and polymictic breccias with visible copper oxides, iron oxides and tourmaline in fractures. Esperanza covers 4,600 ha immediately south of the Chapi Copper Mine and about 35 km southwest of Cerro Verde.
Drill resultsDLP Resources confirms extension of copper, silver and molybdenum mineralization to NE of Aurora drilling with values of up to 2.25% Cu and 195g/t Ag and 182ppm Mo in rock samples
Rock sampling northeast of the 2023 drilling at the Aurora porphyry copper-molybdenum project in Calca Province, southern Peru returned anomalous copper, molybdenum and silver over an area of approximately 700m x 500m, coinciding with a magnetic anomaly similar to the one underlying the main porphyry area. Of 40 rock samples, sample 1062 returned 2.25% Cu and 195g/t Ag, sample 1084 returned 1.5150% Cu, and sample 1099 returned 182ppm Mo. Drilling is to be expanded into the area in 2024.
Drill resultsDLP Resources Announces Investor Relations Agreement
An investor relations agreement dated January 10, 2024 has been signed with consultant Max Reinhart, effective December 1, 2023, for a 12-month term subject to extension. Reinhart will provide advertising, marketing and shareholder and investor relations services for a monthly cash fee of $6,000, and, subject to TSX Venture Exchange approval, will receive 150,000 stock options at $0.40 for a three-year term, vesting in quarters at grant, 6, 12 and 24 months.
CorporateDLP Resources intersects 451.2m of 1.04% CuEq* within a 773.2m interval of 0.82% CuEq* on the Aurora Project in Southern Peru and Appoints New Chief Financial Officer
Drillhole A23-013 at the Aurora copper-molybdenum project in southern Peru returned 0.82% CuEq over 773.20m (0.17% Cu, 0.1221% Mo, 1.91 g/t Ag) from 208.00m, including 1.04% CuEq over 451.20m (0.05% Cu, 0.1883% Mo, 0.72 g/t Ag) from 530.00m to 981.20m. The vertical hole was collared 515m northwest of A23-012 and ended in molybdenum mineralization at 981.20m. Scott Davis, CPA CGA, was appointed Chief Financial Officer effective January 1, 2024, replacing Robin Sudo. The Company also granted 191,860 options at $0.43, 654,650 RSUs and 1,162,795 DSUs.
Drill results
202320 releases
DLP Resources intersects 138m of 0.68 % CuEq* within an 881.95m interval of 0.46% CuEq* on the Aurora Project in Southern Peru and discovers new copper oxide zone to the east of the current drilling
Drillhole A23-012 at the Aurora copper-molybdenum porphyry project in southern Peru returned 0.46% CuEq over 881.95m (0.18% Cu, 0.0514% Mo, 1.68 g/t Ag) from 5.65m to 887.60m, including 0.68% CuEq over 138.00m from 406.00m and 0.72% CuEq over 116.00m from 692.00m. The hole was drilled 130m east of A23-011 and ended in molybdenum mineralization. A 500m x 500m zone of breccias and copper oxides was identified east of current drilling, with rock sampling results expected in December; metallurgical study results are expected February-March 2024.
Drill resultsDLP Resources Announces Closing of Second and Final Tranche of Over-Subscribed Private Placement of Units
The second and final tranche of a non-brokered private placement has closed, with 2,622,000 units issued at $0.50 per unit for gross proceeds of $1,311,000, bringing the total to 6,622,250 units for $3,311,125. Each unit includes one share and one 24-month warrant exercisable at $0.80, subject to acceleration if shares trade at or above $1.10 for 20 consecutive days. Proceeds will fund DLP's Peru projects, including drilling at the Aurora molybdenum-copper project, and general administration.
FinancingDLP Resources intersects 365.7m of 0.81 % CuEq* within a 970.7m interval of 0.53% CuEq* on the Aurora Project in Southern Peru
Drillhole A23-011 at the Aurora copper-molybdenum porphyry project in southern Peru returned 0.53% CuEq over 970.70m (0.17% Cu, 0.0667% Mo, 1.81 g/t Ag) from 111m to 1081.70m, including 0.66% CuEq over 557.70m from 524m and 0.81% CuEq over 365.70m from 716m to 1081.70m, where the hole ended in molybdenum mineralization. The hole was collared 268m southwest of A23-010. Drilling continues, with A23-012 stepping out about 140m west to 1000m depth and results expected in early November.
Drill resultsDLP Resources Announces Closing of First Tranche of Private Placement of Units
A first tranche of a non-brokered private placement closed with 4,000,250 units issued at $0.50 per unit for gross proceeds of $2,000,125, each unit comprising one common share and one warrant exercisable at $0.80 for 24 months, subject to acceleration if shares trade at or above $1.10 for 20 consecutive days. Finders received 88,778 warrants and $44,389 in commissions. Proceeds will fund the Peru projects, including another 3,000m of drilling at the Aurora molybdenum-copper project to December 2023; the TSXV extended the placement closing to October 20, 2023.
FinancingDLP Resources intersects 459.55m of 1.01 % CuEq* within a 1002.55m interval of 0.66% CuEq* on the Aurora Project in Southern Peru
Drillhole A23-010 at the Aurora copper-molybdenum porphyry project in the Province of Calca, southern Peru returned 0.66% CuEq over 1,002.55m (0.20% Cu, 0.0838% Mo, 2.19 g/t Ag) from surface, including 1.01% CuEq over 459.55m (0.09% Cu, 0.1754% Mo, 0.90 g/t Ag) from 543.00m and 0.94% CuEq over 28.00m from 190.00m. The hole, collared 55m east of A23-009, ended in molybdenite mineralization; A23-011 is in progress 290m southwest to a planned 1,000m depth.
Drill resultsDLP Resources Announces Private Placement of Units
A non-brokered private placement of up to 6,000,000 units at $0.50 per unit for gross proceeds of up to $3,000,000 has been launched. Each unit includes one common share and one warrant exercisable at $0.80 for 24 months, subject to acceleration if the share price reaches $1.10 for 20 consecutive days. Proceeds will fund the Peru projects and general office and administration; finder's fees of 7.0% cash and 7.0% finder's warrants may be paid. Drilling continues at the Aurora copper-molybdenum project, with hole A23-011 in progress to a planned 1000m depth and A23-010 assays expected mid-late September.
FinancingDLP Resources intersects 56m of 0.59 % CuEq* within a 790.15m interval of 0.32% CuEq* on the Aurora Project in Southern Peru
Drillhole A23-009 at the Aurora copper-molybdenum porphyry project in southern Peru returned 0.32% CuEq over 790.15m (0.27% Cu, 0.0095% Mo, 2.39 g/t Ag) from 0.40m, including 0.44% CuEq over 314.00m from 303.00m and 0.59% CuEq over 56.00m (0.52% Cu, 0.0144% Mo, 3.46 g/t Ag) from 561.00m. The hole was a 868m step-out southeast of A23-007, the first drilled on that side of the project. A23-010 is in progress to 1000m, with results expected late August.
Drill resultsDLP Resources intersects 301.65m of 0.56 % CuEq* within a 700.55m interval of 0.40% CuEq* on the Aurora Project in Southern Peru
Drillhole A23-008 at the Aurora copper-molybdenum project in Calca Province, southern Peru returned 0.40% CuEq over 700.55m (0.10% Cu, 0.0852% Mo, 1.18 g/t Ag) from 3.1m, including 0.56% CuEq over 301.65m (0.03% Cu, 0.1548% Mo, 0.26 g/t Ag) from 402m. Hole A23-007, drilled 237m west of A23-006, returned 0.33% CuEq over 708.25m from surface, including 0.61% CuEq over 48.00m from 206m. Drilling of A23-009, ended at 790.55m about 868m southeast of A23-007, awaits assays.
Drill resultsDLP Resources Announces Commencement of Drilling on the NZOU Critical Metals Project – Sullivan-type Zn-Pb-Ag Target in SE British Columbia.
Drilling has begun on the NZOU critical metals project in southeastern British Columbia, with a one-hole program of approximately 1,700m (hole NZ23-001) targeting a Sullivan-type Zn-Pb-Ag system about 3.7km northeast of hole DD21-02. The target is a low-resistivity magnetotelluric anomaly extending from roughly 700m to beyond the 1,500m–1,700m target depth, part of a conductive trend measuring 5,000m by 500m. Prior holes PAN18-01-EX, DD21-02 and MD22-01 were drilled in 2020, 2021 and 2022.
Drill resultsDLP Resources intersects 208.55m of 1.01% CuEq* within a 617.55m interval of 0.72% CuEq* on the Aurora Project in Southern Peru
Drillhole A23-006 at the Aurora copper-molybdenum porphyry project in the Province of Calca, southern Peru returned 0.72% CuEq over 617.55m (0.17% Cu, 0.148% Mo, 1.82 g/t Ag) from 91.00m to 708.55m, including 1.01% CuEq over 208.55m (0.08% Cu, 0.260% Mo, 0.86 g/t Ag) from 500.00m and 0.80% CuEq over 387.55m from 321.00m. The hole, drilled 448m WSW of A22-003, ended in molybdenum mineralization at 708.55m. Drilling continues with A23-008; assays for A23-007 are pending.
Drill resultsDLP Resources intersects 221.4m of 0.95% CuEq* within a 693.4m interval of 0.64% CuEq* on the Aurora Project in Southern Peru
Drillhole A23-005 at the Aurora copper-molybdenum porphyry project in Calca Province, southern Peru returned 0.64% CuEq over 693.40m (0.11% Cu, 0.144% Mo, 1.95 g/t Ag) from surface, including 0.95% CuEq over 221.40m (0.03% Cu, 0.259% Mo, 0.41 g/t Ag) from 472.00m to 693.40m and 0.66% CuEq over 58.00m from 130.00m. The hole was collared 317m WSW of A22-003 and ended in molybdenum mineralization. Holes A23-006 and A23-007 are complete with assays pending.
Drill resultsDLP Resources intersects 198.90m of 0.98% CuEq* within a 700.90m interval of 0.72% CuEq* on the Aurora Project in Southern Peru
Drillhole A23-004 at the Aurora porphyry copper-molybdenum project in southern Peru returned 700.90m at 0.18% Cu, 0.142% Mo and 2.47 g/t Ag (0.72% CuEq) from 0m, including 198.90m at 0.02% Cu, 0.273% Mo and 0.17 g/t Ag (0.98% CuEq) from 502.00m, and 153.10m at 0.53% Cu, 0.058% Mo and 7.07 g/t Ag (0.86% CuEq) from 110.90m. The hole, drilled 256m WSW of A22-003, is the deepest at Aurora to date. A23-005 is complete with results pending and A23-006 is drilling 192m west of A23-004.
Drill resultsDLP Resources Announces Closing of Private Placement of Flow-Through Shares
A non-brokered private placement of 4,281,250 flow-through shares at $0.40 per share closed for gross proceeds of $1,712,500, with 282,188 finder's warrants issued at $0.40 for 24 months and $112,875 in commissions paid. Proceeds will fund drilling at the Copper Creek Project, sampling, prospecting and evaluation at Hungry Creek and Redburn, and drilling at Moby Dick and NZOU. The placement remains subject to final TSX Venture Exchange acceptance, with a four month and a day transfer restriction expiring August 7, 2023.
Financing<strong>DLP Resources Announces Upsizing of Private Placement</strong>
A previously announced non-brokered private placement has been upsized to up to 4,281,250 flow-through common shares at $0.40 per share for gross proceeds of up to $1,712,500. Proceeds will fund drilling at the Copper Creek Project, sampling, prospecting and evaluation at the Hungry Creek and Redburn projects, and drilling at the Moby Dick and NZOU projects. The placement requires TSX Venture Exchange acceptance, and securities carry a four-month hold period from closing.
Financing<strong>DLP Resources Announces Non-Brokered Private Placement of Flow-Through Shares</strong>
A non-brokered private placement of up to 3,750,000 flow-through common shares at $0.40 per share for gross proceeds of up to $1,500,000 is planned. Finder's fees of a 7.0% cash commission and Finder's Warrants equal to 7.0% of FT Shares issued, exercisable at $0.40 for 24 months, may be paid. Proceeds will fund drilling at the Copper Creek Project, sampling, prospecting and evaluation at Hungry Creek and Redburn, and drilling at Moby Dick and NZOU.
Financing<strong>DLP Resources Announces Commencement of 2023 Drilling at Aurora and Exploration Update</strong>
Drilling of the fourth diamond drill hole at the Aurora porphyry copper-molybdenum project in southern Peru has begun, with A23-004 started February 21 on an azimuth of 120 degrees, inclination of -70 degrees and a planned depth of 700m. The option agreement to earn up to 75% of PJX Resources' DD property was terminated as of February 24, 2023, with focus shifting to the Moby Dick and NZOU Sullivan-type Zn-Pb-Ag targets. Results from 2022 drilling at Hungry Creek and Copper Creek in southeastern British Columbia were also reported.
Drill results<strong>DLP Resources Announces Closing of Private Placement of Units</strong>
A non-brokered private placement of 5,203,814 units at $0.27 per unit closed for gross proceeds of $1,405,029.78. Each unit comprises one common share and one warrant exercisable at $0.40 for two years, subject to acceleration if the share price equals or exceeds $0.50 for 10 consecutive days. The company issued 261,835 finder's warrants and paid $70,695.45 in commissions, with proceeds directed to its Peru projects and general office and administration requirements.
FinancingDLP Resources Announces Upsizing of Private Placement
A previously announced non-brokered private placement has been upsized to up to 5,203,814 units at $0.27 per unit for gross proceeds of up to $1,405,030. Each unit includes one common share and one warrant exercisable at $0.40 for two years, subject to acceleration if the share price reaches or exceeds $0.50 for 10 consecutive days. Finder's fees of 7.0% in cash and 7.0% in finder's warrants may be paid; proceeds are earmarked for DLP's Peru projects and general office and administration costs.
FinancingDLP Resources Announces Private Placement of Units
A non-brokered private placement of up to 3,703,704 units at $0.27 per unit for gross proceeds of up to $1,000,000 has been launched. Each unit includes one common share and one two-year warrant exercisable at $0.40, subject to acceleration if the share price is at or above $0.50 for 10 consecutive days. Proceeds will fund the Peru projects and general office and administration costs; finder's fees of 7.0% cash and 7.0% finder's warrants may be paid. Drilling at the Aurora copper-molybdenum project is programmed to re-initiate within two weeks.
FinancingDLP Resources intersects 218m of 0.80% within a 664.3m interval of 0.53% CuEq* on the Aurora Project in Southern Peru
Drillhole A22-003 at the Aurora copper-molybdenum porphyry project in Calca Province, southern Peru returned 664.30m at 0.33% Cu, 483.14ppm Mo and 3.23g/t Ag (0.53% CuEq) from 38m to 702.30m, including 218.00m at 0.69% Cu, 161.77ppm Mo and 5.65g/t Ag (0.80% CuEq) from 132m, and 92.00m at 0.83% Cu, 71.07ppm Mo and 6.81g/t Ag (0.92% CuEq) from 258m. Mineralization is confirmed to a vertical depth of 660m. Drilling in the first six months of 2023 will target areas west and northwest of A22-003.
Drill results
202218 releases
DLP Resources Announces Grant of Security-Based Compensation and Update Regarding Private Placement
375,000 stock options, 196,000 restricted share units and 314,000 performance share units have been granted to an officer of DLP Resources under its long-term incentive plan, with the options exercisable at $0.20 for five years and vesting over two years. The company also clarified it has closed, in two tranches, the entirety of its previously announced private placement, issuing 4,358,800 units at $0.25 per unit for gross proceeds of $1,089,700, with 176,316 finder's warrants issued and $44,079 in commissions paid.
CorporateDLP Resources Announces Closing of Second Tranche of Private Placement of Units and Grant of Restricted Share Units
The second tranche of a non-brokered private placement has closed, with 975,600 units issued at $0.25 per unit for gross proceeds of $243,900. Each unit includes one common share and one warrant exercisable at $0.40 for two years, subject to acceleration if the share price is at or above $0.50 for 10 consecutive days. Finder's warrants of 58,492 were issued and $14,623 in commissions paid; proceeds will fund the Peru projects and general administration. The Company also granted 50,000 restricted share units to a consultant, vesting December 15, 2023.
FinancingDLP Resources Appoints Director of Business Development
Allan Frame has been appointed Director of Business Development at DLP Resources, an expanded role after joining the Company's Advisory Board in July 2022. Frame has 47 years of capital markets experience, including corporate finance, investment advisory and securities firm partnership roles, and has acted as lead underwriter for junior resource company IPOs and financings. The Company also granted 400,000 incentive stock options to a Director and a Contractor at $0.20, exercisable on or before December 12, 2027.
ManagementDLP Resources Intersects 214m of 0.43% CuEq* (0.35% Cu, 113.88ppm Mo and 3.95g/t Ag) on the Aurora Project in Southern Peru
Hole A22-002 at the Aurora copper-molybdenum porphyry project in southern Peru returned 214.40m (209m to 422.4m) of 0.43% CuEq (0.35% Cu, 113.88ppm Mo, 3.95g/t Ag), including 52m of 0.61% CuEq from 244m. Complete results for A22-001 added 215.10m of 0.33% CuEq from 179.2m to 388m, beyond the previously reported 123.35m of 0.54% CuEq. Hole A22-003 was completed to 702.30m on November 30, with assays expected at the end of December.
Drill resultsDLP Resources Announces Closing of First Tranche of Private Placement of Units
The first tranche of a non-brokered private placement closed with 3,383,200 units issued at $0.25 per unit for gross proceeds of $845,800, each unit comprising one common share and one two-year warrant exercisable at $0.40, subject to acceleration if shares trade at or above $0.50 for 10 consecutive days. The company paid $29,456 in commissions and issued 117,824 finder's warrants, with a hold period expiring March 23, 2023.
FinancingDLP Resources Announces Non-Brokered Private Placement to be Made Available to Existing Shareholders
A previously announced non-brokered private placement of up to 8,000,000 units at $0.25 per unit will be made available to existing shareholders who held common shares as of the close of business on November 2, 2022, under the BC Instrument 45-534 existing shareholder exemption, which caps investment at CAD$15,000 per 12-month period absent suitability advice. Each unit includes one share and one warrant exercisable at $0.40 for 24 months. Proceeds will fund the Peru projects and general office and administration requirements.
FinancingDLP Resources Inc. Announces Issuance of Performance Shares
300,000 common shares have been issued at a deemed price of $0.20 per share to Ian Gendall, President and CEO, under a performance shares agreement dated December 14, 2021, as consideration for exploration, supervisory and geological services provided to the company. The TSX Venture Exchange approved the issuance and the related debt has been extinguished. The shares carry a four-month hold period from the date of issuance.
CorporateDLP Resources Announces AGM Results and Non-Brokered Private Placement
A non-brokered private placement of up to 8,000,000 units at $0.25 per unit for gross proceeds of up to $2,000,000 is planned, with each unit comprising one common share and one-half warrant exercisable at $0.40 for 24 months, subject to acceleration if shares trade at or above $0.50 for ten consecutive days. Finder's fees of 7.0% cash and 7.0% in warrants at $0.25 may be paid. Proceeds will fund the Peru projects and administration. Shareholders approved all matters at the October 3, 2022 AGM, including re-election of directors and a 10% rolling Long Term Incentive Plan.
CorporateDLP Resources Intersects 123.35m of 0.49% Cu from 22.45m to 145.80m in Hole A22-001 on the Aurora Project in Southern Peru
Hole A22-001 at the Aurora porphyry copper-molybdenum project in the Province of Calca, southern Peru, intersected 123.35m of 0.49% Cu, 36.49ppm Mo and 4.20ppm Ag from 22.45m to 145.80m, including 15.65m of 1.09% Cu from 108.65m. Results cover the first 172.90m of the 388m hole, with assays for the remaining 215.10m pending and expected in October. A second hole, A22-002, is planned to 600m to test primary copper-molybdenum and silver grades at depth.
Drill resultsDLP Resources Announces Exploration Update & Closing of Oversubscribed Private Placement of Flow-Through Shares
The first hole at the Aurora copper-molybdenum project in southern Peru, A22-001, has reached 188m of a planned 600m, with visual copper mineralization observed from 3 to 188m; the first 185m has been sent to ALS Laboratory in Arequipa with results expected at the end of September. Five holes (1,442m) at Hungry Creek and one hole (386.16m) at Copper Creek in SE British Columbia were completed at the end of August, with results expected by mid-October. A non-brokered private placement of 2,120,000 flow-through shares at $0.25 closed for gross proceeds of $530,000.
Drill resultsDLP Resources Announces Receipt of Water Permit for the Aurora Copper-Molybdenum Project in Peru, Drilling to Commence
A water permit has been received for the Aurora porphyry copper-molybdenum project in the Province of Calca, SE Peru, and a phase 1 diamond drill programme of 5,000m in approximately 8 holes is commencing. Thirteen historical holes totaling 3,900m, drilled in 2001 and 2005, included 190m at 0.57% Cu and 0.008% Mo in DDA-1, 142m at 0.5% Cu in DDA-3 and 71.7m at 0.7% Cu in DDA-3A. Results are expected in October.
CorporateDLP Resources Announces Proposed Performance Shares
300,000 common shares will be issued to Ian Gendall, President and a Non-Arm's Length Party, at a deemed price of $0.20 per share for a total value of $60,000, under a performance shares agreement dated November 25, 2021. The shares are being issued outside the Company's security-based compensation plan under Section 6.1 of Policy 4.4 and remain subject to disinterested shareholder approval and final TSX Venture Exchange approval, with a four-month hold period.
CorporateDLP Resources Announces Commencement of Drilling at Hungry Creek Cu-Co Project, Private Placement of Flow-Through Shares & Grant of Stock Options
A 1,800 m, six-hole diamond drill programme has begun at the 711 copper target zone on the Hungry Creek Cu-Co project in southeastern British Columbia, where prior grab and float samples returned copper up to 1.15%, silver up to 3.51 ppm, cobalt up to 117.6 ppm and barium up to 4,274 ppm. DLP also plans a non-brokered private placement of up to 2,000,000 flow-through shares at $0.25 for up to $500,000, and granted a contractor 200,000 options at $0.20 expiring July 27, 2027.
Drill resultsDLP Resources Announces Receipt of Drill Permit for Hungry Creek – 711 Target Zone and Appoints Allan Frame to the Advisory Board
A drill permit has been received for the 711 target zone at the Hungry Creek property in southeastern British Columbia, with 1,800 m of drilling from six pads expected to start within the next two weeks. The 74-claim property covers 38,852.92 hectares; prior grab and float samples at 711 returned copper up to 1.15%, silver up to 3.51 ppm, cobalt up to 117.6 ppm and barium up to 4,274 ppm. Allan Frame was appointed to the Advisory Board.
CorporateDLP Resources Announces Exploration Update
Drill hole MD22-01 on the Moby Dick property in southeastern British Columbia has been temporarily abandoned at 1305m after hitting a major fault at around 1200m and poor drilling conditions in a re-drill off a downhole wedge set at 1150m; the hole will be re-entered with a smaller core size to reach the targeted 1700m. The Sullivan-type program at Moby Dick and NZOU is expected to be postponed until after drilling of the Hungry Creek and Copper Creek copper targets. Hungry Creek drilling is to begin by mid-July, with a 5000m program at the Aurora copper-molybdenum project in Peru also starting by mid-July pending a water usage permit.
Drill results<strong>DLP Resources Announces Receipt of the Environmental Permit for Thirty Drill Sites on the Aurora Porphyry Copper-Molybdenum Project, Peru</strong>
An environmental permit has been received for thirty drill sites at the Aurora porphyry copper-molybdenum project in Peru, allowing DLP Resources to finalize drill site preparation and begin drilling once a water usage permit is received within the next month. The company also staked 4,600 hectares in the Paleocene porphyry copper belt of southern Peru, the new Esperanza project, located about 35 km southwest of the Cerro Verde Mine in Arequipa, where copper oxide mineralization and ferrimolybdite were found in andesitic outcrops.
CorporateDLP Resources Announces Commencement of Drilling on the Moby Dick Project – SE BC
Drilling has begun on the Moby Dick project in southeastern British Columbia, with hole MD22-01 targeting a depth of 1,500 to 1,700 m. A three-to-four-hole program totalling approximately 5,400 m is planned across the Moby Dick and NZOU Sullivan-type Zn-Pb-Ag targets. Magnetotelluric surveys indicate conductive bodies extending over 5,000 m by 500 m northeast of hole DD21-02, with a low-resistivity anomaly from about 700 m to beyond the targeted depth.
Drill resultsDLP Resources Announces Exploration Update and Proposed Extension of Warrants
A three-to-four-hole, approximately 5,400 m drill program is planned for Sullivan-type Zn-Pb-Ag targets on the Moby Dick and NZOU projects in southeastern British Columbia, with mobilization in mid-March and drilling starting late March-early April. Permitting has begun for six holes (1,800 m) at Hungry Creek and five holes (2,000 m) at Copper Creek for a summer program, while a 3,000 m phase 1 program at the Aurora porphyry Cu-Mo project in southern Peru is expected to start by June 2022. The Company has applied to the TSX Venture Exchange to extend 4,333,967 warrants exercisable at $0.40 from June 23, 2022 to June 23, 2023.
Drill results