Results for the first two drillholes, A22-001 and A22-002 were released on
Highlights
Drillhole A22-003 intersected significant copper-molybdenum mineralization from below the partially leached upper 38m down to the end of the hole at 702.30m. The most significant mineralized intervals included:
664.30m at 0.33% Cu, 483.14ppm Mo and 3.23g/t Ag (0.53% CuEq*) from 38m to 702.30m.
132.00m at 0.69% Cu, 161.77ppm Mo and 5.65g/t Ag (0.80% CuEq*) from 132.00m to 350m.
92m at 0.83% Cu, 71.07ppm Mo and 6.81g/t Ag (0.92% CuEq*) from 258m to 350m.
180.30m at 0.07% Cu, 1283.78ppm Mo and 0.53g/t Ag (0.53% CuEq*) from 522m to 702.3m.
The complete set of results for A22-003 are summarized in Table 1 below.
Results from drillhole A22-003 continue to confirm Aurora is a robust porphyry copper-molybdenum system with mineralization now confirmed to a vertical depth of 660m below a surface elevation of 2762m. To date this is the deepest drilled hole on the Aurora project.
A22-003
Hole A22-003 was drilled to the NE of the mapped porphyry and hornfels contact at an angle of 70 degrees towards an azimuth of 210 degrees (Table 2, Figures 2, 3 and 4). The logged geology is summarized as follows:
No core recovery from 0.00m to 2.70m.
Partially leached intrusive breccia and hornfels from 2.70m to 36m.
Mixed limonitic zone of partially leached sulphides consisting mainly of chalcopyrite and pyrite with secondary covellite and chalcocite on fractures within a hornfels from 36m to 132m.
Mixed zone of partially leached sulphides (chalcopyrite and pyrite) and secondary enrichment of secondary covellite and chalcocite on sulphides and fractures from 132m to 350m. Host rock is hornfels with occasional diorite sills.
Hornfels and breccia with pyrite, chalcopyrite and molybdenite from 350 m to 359.80m.
Feldspar porphyry (intermineral) with chalcopyrite, pyrite and molybdenite from 359.80m to 558m. Quartz-sericite alteration predominates with intermediate argillic overprint.
Potassic altered feldspar porphyry with disseminated pyrite, molybdenite and chalcopyrite and molybdenite veinlets from 558m to 610.20m.
Strong potassic altered quartz-feldspar porphyry with disseminated pyrite and magnetite and abundant molybdenite veinlets from 610.20m to 702.30m.
Salient historic drill hole data of the
A review of the historical drilling indicates that the majority of the thirteen holes were drilled in the leached and partially leached zones of the porphyry system. Ten of the thirteen holes never fully tested the oxide and secondary enrichment zone and/or the primary copper zone at depth encountered in DDA-01. Copper-molybdenum mineralization is hosted by quartz-feldspar porphyries intruded into slates-hornfels and pelitic sandstones belonging to the Ordovician (439 - 463 ma) Sandia Formation.
About
Contact:
CEO & President
Email: iangendall@dlpresourcesinc.com
Executive Chairman
Email: jimstypula@dlpresourcesinc.com
Chief Financial Officer and Corporate Secretary
Email: robinsudo@dlpresourcesinc.com
Investor
Telephone: 250-426-7808
Email: maxreinhart@dlpresourcesinc.com
Neither the
Cautionary Note Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as 'intends' or 'anticipates', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'should', 'would' or 'occur'. This information and these statements, referred to herein as 'forward?looking statements', are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to drilling on
These forward?looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things drill results expected from the
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
(C) 2023 Electronic News Publishing, source