DLP Resources Inc. (TSXV:DLP)Mining
DLP Resources Inc. is a junior mining company that operates in the Canadian metals and mining industry. In January 2021, MG Capital engaged in a vertical amalgamation with DLP Resources Inc., it is 100 per cent owned subsidiary, to streamline its mining business under one united entity and minimize corporate and operational costs.
The company renamed itself DLP Resources after its subsidiary. The Cranbrook-based mineral exploration firm is involved in the discovery, acquisition, exploration and development of base metal properties, particularly cobalt assets, located in and around British Columbia.
The base metal miner operates the Aldridge 1 and 2 Project situated about 50 kilometers southwest of Cranbrook. The project comprises 14 mining claims contained in two blocks circling a cumulative land area of 47.69 square kilometers. The Aldridge Project has the potential for Sullivan-type lead (Pb) and zinc (Zn) mineralization. The project is well connected via a bunch of forestry roads and Highway 3.
DLP Resources owns a 100 per cent stake in the Hungry Creek Project sitting approximately 35 kilometers west of Kimberly. It is a copper (Cu) and cobalt (Co) project with 11 mining claims spread over a land package of 42.62 square kilometers. The interior of the project is suitably accessed via helicopter while the north and south border is equipped with logging roads.
The company owns and operates the Redburn Creek Cu-Co Project located nearly 12 kilometers northeast of Golden. The Project consists of 12 mining claims covering a total land of 53.9 square kilometers.
DD-Panda-Moby Dick and NZOU Projects are the three contiguous mineral claims located within the Fort Steele Mining Division, in the southeastern region of British Columbia. The company holds a 100 per cent stake in the Moby Dick claim covering 527.27 hectares. The remaining DD-Panda and NZOU claims are optioned by the company from PJX Resources Inc. and 453999 BC Ltd, respectively.
In May 2021, the company signed a letter of intent with SMRL Parobamba II to acquire a 100 per cent stake in the advanced stage Aurora Project based in southern Peru. It is a porphyry copper (Cu) and molybdenum (Mo) property with mineral claims covering a total land of 400 hectares.
DLP Resources Inc., incorporated in November 2017, is a public firm listed on the TSX Venture Exchange where its ordinary shares are traded under the ticker symbol DLP.
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