DLP Resources Inc. reported a maiden inferred mineral resource at its Aurora Project in Peru, amounting to over 1 billion tonnes, effective January 31, 2025. The deposit contains significant amounts of copper, molybdenum, and silver, highlighting its potential for economic development. Future drilling phases are planned to enhance resource confidence and gather critical data for assessments.
DLP Resources Inc. has announced a maiden inferred mineral resource of over 1 billion tonnes at its Aurora Project in Parobamba, Peru, effective January 31, 2025. This assessment, prepared by AMC Consultants Pty Ltd., reveals a substantial copper and molybdenum deposit, indicating the potential for significant future mining activities. The resource includes 4,650 million pounds of copper, 1,110 million pounds of molybdenum, and 80 million ounces of silver, emphasizing the project’s economic viability.
The Aurora Project’s resource is specified as a pit-constrained inferred resource of 1,050 million tonnes, with grades of 0.20% copper, 0.05% molybdenum, and 2.4 grams per tonne silver. It features both copper-rich and molybdenum-rich zones that display consistent mineral distribution, with open potential for further expansion. Mr. Ian Gendall, President and CEO, expressed satisfaction with these results, indicating the company’s focus on further drilling to upgrade resource confidence and progress towards a preliminary economic assessment.
In terms of methodology, the mineral resource estimates were carried out using Leapfrog Edge software, with grades computed through ordinary kriging, and density through simple kriging, ensuring precision in the calculated estimates. The cut-off for reporting mineral resources was set at an NSR value of $5.75 per tonne, aligning with best practices in mineral assessment. The report will be made available for review on both the SEDAR system and DLP Resources website in the coming weeks.
Looking forward, DLP Resources, in partnership with AMC, is strategizing the next drilling phase to enhance geological and grade confidence in existing resources and explore the identified extensions. This effort will also aim to gather vital geological, geotechnical, and metallurgical data to facilitate a comprehensive preliminary economic assessment, solidifying the project’s potential.
DLP Resources Inc. operates in the mineral exploration sector, focusing on base metals and cobalt across Southeastern British Columbia and Peru. The company’s commitment to transparency and adherence to industry standards is evident through the oversight by qualified professionals for the recently published technical reports.
DLP Resources Inc. has successfully reported a maiden inferred mineral resource at the Aurora Project, indicating a significant copper and molybdenum deposit. This resource paves the way for future exploration and potential economic assessments, showcasing the company’s commitment to advancing its projects responsibly. With planned drilling activities, DLP aims to enhance understanding of the mineralization and progress towards the next phases of development in Peru.
Original Source: www.juniorminingnetwork.com
