DLP Resources Inc. reports exploration updates for copper, molybdenum, silver, base-metal and cobalt targets in Southern Peru and Southeastern British Columbia. Company news centers on the Esperanza porphyry copper-molybdenum project, including trench sampling, rock-chip geochemistry, alteration mapping, drone aeromagnetic surveys, and three-dimensional magnetic susceptibility modeling. Updates also cover drill results from the Aurora porphyry copper-molybdenum-silver project.
Recurring corporate disclosures include incentive awards under the long-term incentive plan, technical committee and advisory appointments, board matters, capital-structure updates, and operating and financial results tied to DLP Resources' mineral exploration business.
DLP Resources has resumed drilling on the NZOU critical metals project in SE British Columbia, targeting a Sullivan-type Zn-Pb-Ag system. The drilling, which paused due to permit restrictions, resumed on June 18, 2024. Initial drilling showed intense alteration zones and traces of sphalerite at different depths. The drilling aims to explore a magnetotelluric (MT) anomaly and expand the knowledge of the Sullivan horizon's thickness. Historical data and previous drill results suggest significant mineralization potential along a 5km geophysical trend. Additionally, DLP granted 230,000 stock options and 100,000 restricted share units to key personnel.
DLP Resources Inc. announced that Mr. Donald Njegovan is stepping down as a Director to focus on his duties at OSISKO Mining Inc. The company will search for a new Director with suitable experience.
DLP Resources Inc. announces the commencement of the 2024 drilling program at the Aurora porphyry copper-molybdenum project in Peru. The company plans to drill along extensions of known mineralization to the northeast and southeast. Significant drill results from 2022-23 have been released, with upcoming results expected in early June 2024.
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