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DLP Resources Announces Coincident Magnetic anomaly with Copper and Molybdenum Anomalies at the Esperanza Porphyry Copper-Molybdenum Project in Southern Peru
TMX Newsfile· 2026-01-05 11:00
Core 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]
Solis Announces: Compelling Targets Identified from New Geophysical Modelling of the Cucho Project, Peru
Newsfile· 2025-12-02 17:17
Core Insights - Solis Minerals Limited has identified compelling geophysical, geological, and geochemical targets at the Cucho Project in Peru, which will be tested in a diamond drilling program scheduled for 2026 [2][3][21] Geophysical Modelling - New 3D geophysical modelling has highlighted significant targets characterized by demagnetization, elevated chargeability, and conductivity, along with enhanced surface geochemistry [3][25] - The modelling indicates the presence of a deeply-rooted porphyry copper-molybdenum system, with a drone-borne magnetic survey planned for December 2025 to map associated structures [3][4] Project Background - Solis Minerals has the right to earn up to a 75% interest in the Cucho Project, with a seven-year option to acquire up to 100% [4] - The Cucho Project spans 3,600 hectares, featuring a mineralization anomaly footprint of 3 x 1.8 kilometers, defined by copper-molybdenum geochemistry and strong induced polarization chargeability anomalies [6][11] Historical Drilling Results - Previous drilling has shown significant mineralization across all seven completed drill holes, with grades comparable to operating mines in the Andean copper belt [7][8] - Historical drilling results include notable intersections such as 169.7 meters at 0.24% Cu and 0.012% Mo from surface [8] Geological Comparisons - The geological setting and scale of the Cucho Project are comparable to large porphyry copper projects, indicating potential for significant mineralization [10][11] Next Steps - The company is designing a diamond drilling program to test the identified targets, including the Eastern Chargeable Body, while also initiating geological mapping and geochemical sampling [26][24]