DLP Resources Announces Start of Drilling on Moby Dick Project – SE BC | 2022-04-12 | Press Releases

Cranbrook, British Columbia–(Newsfile Corp. – April 12, 2022) – DLP Resources Inc.(TSXV: DLP) (OTCQB: DLPRF) (“DLP“or the”Company“)is pleased to announce that drilling has commenced on the Moby Dick project in southeastern British Columbia, Canada.

Moby Dick and NZOU projects (Sullivan-type Zn-Pb-Ag targets)

Weather conditions have improved on the Moby Dick project and we have regained access to the drill site which we had to evacuate late last year due to intense rain and heavy snowfall. Hole MD22-01 started with a target depth of 1500m to 1700m.

A three to four hole drill program of approximately 5400m is planned for the Sullivan-type Zn-Pb-Ag targets on the Moby Dick and NZOU projects (Figures 1 and 2). As highlighted in the DLP press release of November 9, 2021, the extension of well-developed MT (magnetotelluric) geophysical anomalies to the NE of hole DD21-02 indicates well-developed conductive bodies extending over 5000m x 500m. It is proposed to associate these conductive zones with pyrrhotite (iron sulphide) associated with the extension of the Sullivan Horizon intersected in DD21-02 (Figure 2). Geophysical and geological data support the fact that there is enough “smoke” to suggest that a large mineralized Sullivan-type Zn-Pb-Ag system could be encountered in this phase of drilling. A low resistivity (highly conductive) anomaly extending from approximately 700m to beyond the target depth of 1,500m to 1,700m is well developed on this drill section (Figure 3).

Figure 1: DLP Project areas with Moby Dick, NZOU, Hungry Creek and Copper Creek properties shown.

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Figure 2: Titan MT resistivity map at 0 m a.s.l. with the main NE trending MT anomaly of DD21-02 on the Moby Dick and NZOU properties.

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Figure 3: Titan MT resistivity cross-section along 3N line showing current borehole MD22-01

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Qualified person

David L. Pighin, Consulting Geologist and Co-Founder of DLP Resources, is the Company’s Qualified Person as defined by National Instrument 43-101. Mr. Pighin has reviewed and approved the technical content of this press release.

About DLP Resources Inc.

DLP Resources Inc. is a mining exploration company operating in southeastern British Columbia and Peru, exploring for base metals and cobalt. DLP is listed on the TSX Venture Exchange, symbol DLP and on the OTCQB, symbol DLPRF. Please see our website www.dlpresourcesinc.com for more information.

FOR MORE INFORMATION, PLEASE CONTACT:

DLP RESOURCES INC.

Ian Gendall, CEO and President

Jim Stylula, Executive Chairman

Robin Sudo, Chief Financial Officer and Corporate Secretary

Maxwell Reinhart, Investor Relations

Phone: 250-426-7808

E-mail:
[email protected]

E-mail:
[email protected]

E-mail:
[email protected]

E-mail:
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Information

This release contains 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 the Company’s management 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 “could”, “could”, “should”, “would” or “occur”. Such information and statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this press release, and include, without limitation, statements regarding discussions of plans, estimates and future forecasts and statements such as management’s expectations and intentions regarding drilling on the Moby Dick and NZOU properties.

These forward-looking statements involve numerous risks and uncertainties, and actual results may differ materially from the results suggested in the forward-looking statements. These risks and uncertainties include, among others, the expected drilling results from the Moby Dick and NZOU properties.

Although the Company’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements or information, there may be other factors that cause the results are not those 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 this information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statements, forward-looking information or financial outlook which are incorporated by reference herein, except in accordance with applicable securities laws. We seek shelter.

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