DLP Resources Inc.

Recent News

  • 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 ET
  • 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 7:00 AM ET
  • 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 4:08 AM ET
  • 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 9:18 PM ET
  • 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 6:58 PM ET
  • 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 7:00 AM ET
  • 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 7:00 AM ET
  • 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 ET