DLP Announces Mobilization of Drill Rig to Hungry Creek Copper-Cobalt Project to Commence a Two Hole Drill Program of 800m and Private Placement of Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - July 15, 2021) - DLP Resources Inc. (the "Company") (TSXV: DLP) is pleased to announce that drilling of the Hungry Creek project (the "Hungry Creek Project") is to commence within the week of July 19. A drill rig is being mobilized to site and two 400m holes for a total of 800m is planned to test a copper-cobalt target identified in January 2020. The Hungry Creek Project is approximately 33km WNW of Kimberley in...
2021-07-15 6:00 AM EDT
DLP Resources Announces Results of Drilling DD21-02 on the DD Property
Cranbrook, British Columbia--(Newsfile Corp. - June 28, 2021) - DLP Resources Inc. (TSXV: DLP) ("DLP") is pleased to announce drilling of Hole DD21-02 on the DD property, 40km SW of Cranbrook, BC, has been completed to a depth of 1901.6m (Figures 1, 2, 3 and 4). Extensive thickness (168m) of fragmentals, part of the Sullivan Horizon, were intersected from 1705m with abundant pyrrhotite with hydrothermal alteration of secondary biotite and sericite + chlorite visible throughout. Finely laminated Sullivan...
2021-06-28 6:00 AM EDT
DLP Resources Announces Closing of Private Placement of Units
Cranbrook, British Columbia--(Newsfile Corp. - June 23, 2021) - DLP Resources Inc. (TSXV: DLP) (the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Private Placement"), whereby the Company has completed the issuance of 4,333,967 units (each, a "Unit") at a price of $0.30 per Unit for gross proceeds of $1,300,190.10.Each Unit consists of one common share of the Company and one non-transferable common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire...
2021-06-23 2:54 PM EDT
DLP Resources Announces Non-Brokered Private Placement to be Made Available to Existing Shareholders
Cranbrook, British Columbia--(Newsfile Corp. - May 19, 2021) - DLP Resources Inc. (TSXV: DLP) ("DLP" or the "Company") announces that, further to its news release dated May 18, 2021, the Company intends to make its previously announced non-brokered private placement of up to 6,666,667 units of the Company (the "Units") at a price of $0.30 per Unit (the "Private Placement") available to existing shareholders of the Company who, as of the close of business on May 18, 2021, held common...
2021-05-19 7:27 PM EDT
DLP Resources Signs Letter of Intent to Option 100% of the Advanced Stage Aurora Porphyry Copper-Molybdenum Project, Peru and Announces Non-Brokered Private Placement
Cranbrook, British Columbia--(Newsfile Corp. - May 18, 2021) - DLP Resources Inc. (TSXV: DLP) ("DLP" or the "Company") is pleased to announce that it has signed a letter of intent with SMRL Parobamba II ("SP II") whereby DLP can acquire a 100% interest (the "Option") in the Aurora porphyry copper-molybdenum deposit (the "Aurora Project").DLP is interested in copper prospects not only in southeastern BC, but other known copper belts where it has expertise. DLP will continue to evaluate its BC...
2021-05-18 6:00 AM EDT
DLP Resources Announces Closing of Private Placement of Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - May 3, 2021) - DLP Resources Inc. (TSXV: DLP) (the "Company") is pleased to announce that it has closed its non-brokered private placement (the "Private Placement"), whereby the Company has completed the issuance of 1,200,000 flow through common shares (each, a "FT Share") at a price of $0.25 per FT Share for gross proceeds of $300,000. The FT Shares in connection with the Private Placement are subject to a four month and a day transfer...
2021-05-03 3:49 PM EDT
DLP Resources Announces Private Placement of Flow-Through Shares
Cranbrook, British Columbia--(Newsfile Corp. - April 27, 2021) - DLP Resources Inc. (TSXV: DLP) (the "Company") is pleased to announce a non-brokered private placement (the "Private Placement") of up to 1,200,000 flow-through common shares (each, a "FT Share") at a price of $0.25 per FT Share for gross proceeds of $300,000.The Company intends to pay a finder's fee in connection with the Private Placement to certain eligible finders in the form of a cash commission of 7.0% of the gross proceeds raised under...
2021-04-27 1:56 PM EDT
DLP Resources Announces Exploration Update of Drilling on the DD Project - Strong Hydrothermal Alteration Intersected in the Sullivan Horizon in DD21-01
Cranbrook, British Columbia--(Newsfile Corp. - April 1, 2021) - DLP Resources Inc. (TSXV: DLP) is pleased to announce drilling of Hole DD21-01 on the Gerry Vent has been completed to a depth of 1728m (Figure 1). Strongly hydrothermally altered and sheared Sullivan horizon siltstone/argillite was intersected in the hole from 1452.46m to 1550m. Weak pyrrhotite (FeS), chalcopyrite (CuFeS2) and trace pyrite (FeS2) occur through the alteration zone with a late gabbro sill from 1498m to 1503.57m. Both top and...
2021-04-01 6:00 AM EDT
DLP Resources Announces Signing of 190km2 Mobile MT Survey over the Hungry Creek and Aldridge 1 Projects
Cranbrook, British Columbia--(Newsfile Corp. - February 18, 2021) - DLP Resources Inc. (TSXV: DLP) is pleased to announce the signing of a 190km2 Mobile MT (magnetotelluric) survey with Expert Geophysics over the Hungry Creek and Aldridge 1 Projects (Figure 1). This survey will be flown in April-May 2021. Hungry Creek - Copper-Cobalt ProjectA total of 213 line kilometres will be flown over Hungry Creek to identify further targets for initial drilling expected to start in the spring of 2021....
2021-02-18 6:00 AM EST
DLP Resources Announces Start of Drilling on the Gerry Vent, DD Project
Cranbrook, British Columbia--(Newsfile Corp. - February 16, 2021) - DLP Resources Inc. (TSXV: DLP) is pleased to announce that the drilling of the Gerry Vent target on the DD Property has commenced (Figure 1). Hole DD21-01 will be drilled to test the MT resistivity anomaly which coincides with the known mapped surface outcrop of albite, actinolite and tourmaline alteration within a breccia extending over an area of approximately 400m x 100m. Visible mineralization of sphalerite (Zn) and galena (Pb)...
2021-02-16 3:08 AM EST
DLP Resources Announces Name Change and Vertical Amalgamation with Its Subsidiary
Cranbrook, British Columbia--(Newsfile Corp. - January 21, 2021) - DLP Resources (2020) Limited (TSXV: DLP) (the "Company") is pleased to announce it is changing the name of the Company (the "Name Change") to "DLP Resources Inc.". The Name Change will become effective at the opening of market trading on January 26, 2021. The symbol "DLP" remains unchanged and the CUSIP number is 23291X107. The Name Change is a necessary prerequisite to the completion of a vertical amalgamation with...
2021-01-21 8:18 PM EST
MG Capital Corporation Announces Official Name Change
Cranbrook, British Columbia--(Newsfile Corp. - January 4, 2021) - MG Capital Corporation (TSXV: DLP) (the "Company") is pleased to announce that it is changing the official name of the Company (the "Name Change") to "DLP Resources (2020) Limited". The Name Change will become effective at the opening of market trading on January 7 , 2021. The symbol "DLP" remains unchanged and the CUSIP number is 23291V101.About DLP Resources (2020) Limited DLP Resources (2020) Limited is a mineral exploration company...
2021-01-04 5:58 PM EST
MG Capital and DLP Resources Announces Closing of Private Placement of Flow-Through Shares and Staking of an Additional 93.81 km2
Cranbrook, British Columbia--(Newsfile Corp. - December 30, 2020) - MG Capital Corporation (TSXV: DLP) (the "Company"), the parent company of DLP Resources Inc. ("DLP"), is pleased to announce that it has closed its non-brokered private placement (the "Private Placement"), whereby the Company has completed the issuance of an aggregate of 3,200,000 flow through common shares (each, a "FT Share") at a price of $0.25 per share for aggregate gross proceeds of $800,000. The FT Shares in connection with the Private...
2020-12-30 6:00 AM EST
MG Capital and DLP Resources Announces Significant MT Geophysical Results on the DD, Moby Dick and NZOU Properties
Cranbrook, British Columbia--(Newsfile Corp. - December 3, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that the final results from the ~33 line km Titan magnetotelluric ("MT") ground geophysical survey by Quantec Geoscience over the DD, Moby Dick and NZOU properties have been received.DD, Moby Dick and NZOU PropertiesA significant NE-SW trend of high conductivity (low resistivity) anomalies occur over an area of 5km x 0.5 km (Figure 1)....
2020-12-03 6:00 AM EST
MG Capital and DLP Resources Intersects a Significant Thickness of Sullivan Horizon Sediments in Drill Hole AK20-02 on the Aldridge 1 Property
Cranbrook, British Columbia--(Newsfile Corp. - October 8, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that a significant, 200m, thickness of moderate to intense hydrothermally altered Sullivan Horizon (SH) sediments have been intersected in AK20-02 at a depth of 1,190m. Associated with this moderate to intense alteration of albite, garnets, silicification and trace tourmaline is weak zinc mineralization which occurs as disseminated sphalerite throughout and as veinlets...
2020-10-08 6:00 AM EDT
MG Capital Corp and DLP Resources Announces Commencement of a Titan MT Geophysical Program on the DD, Moby Dick and NZOU Properties
Cranbrook, British Columbia--(Newsfile Corp. - September 11, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that a 33.7 line km Titan magnetotelluric ("MT") ground geophysical survey by Quantec Geoscience has commenced over the DD, Moby Dick and NZOU properties.Following on from the encouraging alteration noted in the intersection of the Sullivan Horizon in PAN-18-01-EX recently drilled by DLP on the DD property, see news release of August 06, 2020,...
2020-09-11 6:00 AM EDT
MG Capital Corporation Announces Acceleration of Warrant Expiry Date
Cranbrook, British Columbia--(Newsfile Corp. - September 8, 2020) - MG Capital Corporation (TSXV: DLP) ("MG Capital" or the "Corporation") announces that the expiry date (the "Expiry Date") for the warrants issued on November 14, 2019 (the "Warrants"), with regard to its non-brokered private placement (see news releases dated September 26, 2019 and November 15, 2019), has been accelerated to 30 days from today's date (for a new Expiry Date of October 8, 2020). The acceleration of the Expiry Date...
2020-09-08 5:37 PM EDT
MG Capital and DLP Resources Signs Option Agreement to Earn 100% of the NZOU Property
Cranbrook, British Columbia--(Newsfile Corp. - August 20, 2020) - MG Capital Corporation (TSXV: DLP) ("MG" or the "Company") is pleased to announce that its wholly-owned subsidiary, DLP Resources Inc. ("DLP") has entered into an option agreement (the "Option Agreement") with 453999 BC Ltd. (the "Optionor") in relation to the NZOU (Na-zoo) property located in British Columbia (the "NZOU Property") held by the Optionor. Pursuant to the terms of the Option Agreement, the Optionor has granted to DLP the option to earn a 100%...
2020-08-20 4:38 PM EDT
MG Capital Corp and DLP Resources Announces Completion of Drilling PAN-18-01-EX on the DD Property
Cranbrook, British Columbia--(Newsfile Corp. - August 6, 2020) - DLP Resources Inc. (TSXV: DLP) the wholly owned subsidiary of MG Capital Corporation is pleased to announce that drilling the extension of the original PAN-18-01 hole on the DD property, which was recently optioned from PJX Resources Inc., has been completed. PAN-18-01-EX commenced at a depth of 1425.00m in a gabbro sill above the base of the Middle Aldridge Formation and ended at 1711.00m in the Lower Aldridge Formation. The...
2020-08-06 6:00 AM EDT
MG Capital Corp and DLP Resources Announce Commencement of Drilling on the DD Property and Appointment of New Director
Cranbrook, British Columbia--(Newsfile Corp. - July 30, 2020) - DLP Resources Inc. (TSXV: DLP), the wholly owned subsidiary of MG Capital Corporation, is pleased to announce that drilling has commenced on the DD property which was recently optioned from PJX Resources Inc. (See news release of July 20, 2020).Ian Gendall, President of DLP commented, "We have re-entered the Pan-18-01 hole and commenced drilling the Sullivan-type Pb-Zn-Ag target which we expect to be below the gabbro sill intersected at a depth...
2020-07-30 2:53 PM EDT