DLP Resources Unveils Major 1 Billion Tonne Inferred Mineral Resource at Aurora Project

DLP Resources Inc. has announced a significant milestone with the reporting of a maiden inferred mineral resource of over 1 billion tonnes at its Aurora Project located in Parobamba, Peru. This discovery positions the Aurora Project as a notable player in the mining sector, particularly for copper and molybdenum.

Key Takeaways

• Inferred Resource: Over 1 billion tonnes of inferred mineral resource.
• Metal Content: Contains 4,650 million pounds of copper, 1,110 million pounds of molybdenum, and 80 million ounces of silver.
• Grade: The inferred resource grades 0.20% copper, 0.05% molybdenum, and 2.4 g/t silver.
• Future Plans: DLP Resources aims to conduct further drilling to upgrade the resource and assess economic viability.

Overview of the Aurora Project

The Aurora Project spans 400 hectares in the Parobamba Community, located in the Yanatile District of Calca Province, Cusco Department, Peru. The mineral resource estimate was prepared by independent AMC Consultants Pty Ltd. and is based on 24 diamond drill holes totaling 18,400 meters.

Mineral Resource Highlights

The Aurora Project's maiden mineral resource includes:

• Total Tonnage: 1,050 million tonnes (Mt)
• Copper Content: 4,650 million pounds (Mlb)
• Molybdenum Content: 1,110 Mlb
• Silver Content: 80 million ounces (Moz)

Future Exploration Plans

DLP Resources is excited about the potential for further exploration at the Aurora Project. The company plans to:

1. Conduct Additional Drilling: To enhance geological and grade confidence in the existing mineral resources.
2. Evaluate Extensions: Investigate mineralized extensions identified during the resource estimation process.
3. Gather Data: Collect geological, geotechnical, and metallurgical data to inform a preliminary economic assessment.

Management's Perspective

Ian Gendall, President and CEO of DLP Resources, expressed enthusiasm regarding the size and results of the maiden mineral resource. He stated, "We are extremely pleased with the size and results of the maiden Mineral Resource for Aurora. With this Mineral Resource confirming Aurora to be a significant deposit of copper and molybdenum, we look forward to moving ahead to the next phase of drilling to upgrade the resource and proceed towards a preliminary economic assessment."

Conclusion

The announcement of a 1 billion tonne inferred mineral resource at the Aurora Project marks a pivotal moment for DLP Resources. As the company prepares for the next phase of exploration, the mining community will be watching closely to see how this project develops and its potential impact on the market.

Sources

• DLP Resources Reports Maiden - 1 Billion Tonne Inferred Mineral Resource at Aurora Project, Parobamba, Peru - Junior Mining Network, Junior Mining Network.