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FINWIRES

DLP Resources Confirms Magnetic Body at Esperanza Project in Peru

-- DLP Resources (DLP.V) said Friday that three-dimensional magnetic susceptibility imaging inversion on its Esperanza porphyry copper-molybdenum project in Peru delineated a strong magnetic body, providing geophysical evidence for locating concealed porphyry bodies.

The company said its invention analysis delineated subsurface physical property structures down to 1,200 meters depth. The magnetic body has a volume of about 4.4 cubic kilometers, whose strike, dip, and depth perfectly align with a typical porphyry ore-forming model.

"The recent aeromagnetic drone survey over the Esperanza project together with the 3D inversion of the data has confirmed a coincident magnetic anomaly with our alteration mapping, spectral alteration mapping and ground geochemistry," President and Chief Executive Officer Ian Gendall said.

"The magnetic body, potentially related to a potassic core of a porphyry copper system is estimated to be at a depth of 200 to 700m below surface," Gendall added.

DLP said it plans to conduct detailed rock chip sampling and additional extension of the magnetic survey. Permitting for a drill program in 2026 is currently underway.

Price: $0.28, Change: $-0.02, Percent Change: -5.08%

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