DLP Resources Reports Over 1 Billion Tonne Inferred Resource at Aurora Project
DLP Resources Inc. has reported over 1 billion tonnes of inferred mineral resources at the Aurora Project in Peru, including substantial quantities of copper, molybdenum, and silver. The findings indicate significant potential for economic viability, and the company aims to expand its resource through further drilling and studies.
DLP Resources Inc. has announced significant findings through the National Instrument 43-101 Technical Report regarding the maiden mineral resources at the Aurora Project located in Parobamba, Peru. As of January 31, 2025, the report confirms a remarkable inferred mineral resource exceeding one billion tonnes, prepared by independent AMC Consultants Pty Ltd. The resource includes substantial quantities of copper, molybdenum, and silver, highlighting the project’s economic potential. Specifically, the resource comprises approximately 4,650 million pounds of copper, 1,110 million pounds of molybdenum, and 80 million ounces of silver. With a pit-constrained inferred resource of 1,050 million tonnes, the average grades are 0.20% copper, 0.05% molybdenum, and 2.4 g/t silver, translating to an equivalent copper percentage of 0.44%.
The project features distinct copper and molybdenum-rich zones that show consistent mineral distribution, with initial studies indicating lateral continuity. Furthermore, the mineralization remains open in several directions, allowing for potential resource expansion. President and CEO Mr. Ian Gendall expressed satisfaction with these results, stating that it confirms Aurora as a significant deposit and looks forward to the next drilling phase to enhance resource estimation and preliminary economic assessments.
The mineral resource totals were derived from 24 diamond drill holes totaling 18,400 meters of drilling. The estimates utilize advanced Leapfrog Edge software and are based on ordinary kriging methodology for grade estimation. The resource has been defined within a 400-hectare area at the Aurora Project, which is situated in the Calca Province of Peru. The resource estimation is also consistent with Canadian Institute of Mining (CIM) standards, and while promising, it is important to note that mineral resources do not guarantee economic viability.
The next steps for DLP Resources involve working collaboratively with AMC to initiate an extensive drilling program aimed at increasing geological confidence and evaluating extensions beyond the current estimate. The further drilling phase will also collect critical geological, geotechnical, and metallurgical data to support an upcoming preliminary economic assessment, underscoring the project’s advancement potential. The Aurora 2025 Technical Report, authored by qualified professionals, will be accessible for review within 45 days following this announcement.
DLP Resources engages in mineral exploration, focusing on base metals and cobalt in Southeastern British Columbia and Peru. The company is publicly traded on the TSX-V and OTCQB under the symbols DLP and DLPRF. For more information, interested parties may visit the company’s website.
DLP Resources Inc. has reported a significant mineral resource at the Aurora Project in Peru, exceeding one billion tonnes, which includes valuable metals such as copper, molybdenum, and silver. The company plans to proceed with further drilling to enhance resource certainty and prepare for economic assessments. The findings underscore Aurora’s potential as a valuable mining asset, guided by industry standards and prepared by independent consultants.
Original Source: www.juniorminingnetwork.com
