DLP Resources Inc.
Delineating a Major Potential Copper Resource in Peru
Published: 11/8/2024
Author: FRC Analysts
*See important disclosures at the bottom of this reportSector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
DLPRF - NASDAQ 🔹
DLP.V - TSX.V 🔹
- DLP Resources has assembled seven pre-resource stage properties, including two copper-molybdenum projects in Peru, and five base metal-cobalt projects in B.C. Peru is the second largest copper producer in the world, hosting numerous world-class porphyry copper deposits (large-tonnage/low-grade).
- Drilling at DLP’s flagship Aurora copper-molybdenum project has delineated a large mineralized area (1.1 km long x 0.95 km wide x 1.0 km deep), comprised of two primary zones: a near-surface copper-silver zone, and a copper-molybdenum zone directly below. We believe the project has the potential to host a large tonnage deposit, with molybdenum grades higher than those typically found in porphyry deposits. Based on our review of the drilling results, we believe the deposit could host 5+ Blbs CuEq. Management is aiming to complete a maiden resource estimate in Q1-2025
- DLP’s second key asset, the Esperanza copper-molybdenum project, is situated southwest of Peru’s copper belt. This region hosts numerous giant porphyry copper deposits, including