Southern Company(US:SO) TMX Newsfile·2026-01-05 11:00Core Insights - DLP Resources Inc. has completed a 280 line-km aeromagnetic drone survey over the Esperanza project in southern Peru, revealing significant magnetic anomalies associated with porphyry copper-molybdenum systems [1][3] - The survey identified a magnetic high surrounded by lows, coinciding with previously mapped alteration and geochemical anomalies for copper and molybdenum [1][2] - The company plans to permit a drill program for 2026 based on the encouraging results from the survey and prior geochemical sampling [3] Survey Details - The aeromagnetic survey was conducted on a north-south grid with 200m line spacings and infill line spacings of 100m, covering an area of 30 km² [1] - The survey confirmed coincident anomalies extending over approximately 4 x 4 km, indicating potential for a buried porphyry system [2] Project Background - The Esperanza project is an early-stage exploration project covering 8,600 hectares, located approximately 35 km southwest of the Cerro Verde Mine, one of the largest copper reserves globally [6] - Initial reconnaissance in 2022 identified copper-molybdenum mineralization, with follow-up sampling and mapping starting in early 2024 [7] Geochemical Findings - Initial rock chip samples from the project returned high levels of copper (up to 4.71%), molybdenum (28.8 ppm), zinc (3540 ppm), and cobalt (383 ppm) [8] - The sampling and mapping efforts have provided strong evidence for the presence of a porphyry copper-molybdenum system at depth [3][8] Quality Control Measures - DLP Resources has implemented a quality control and assurance program, including the use of certified reference materials and independent laboratory analysis [4][5]