DLP Resources Commences First-Ever Drill Program at Esperanza; Drilling Underway on Near-Surface Copper Oxide Zone and Main Porphyry Copper-Gold-Molybdenum Target
DLP begins its maiden drill program at the Esperanza project to test oxide and porphyry targets.
DLP Resources Inc. (DLP) has initiated its first diamond drill program at the 100%-owned Esperanza project in southern Peru. The company collared the first hole on September 20, 2026, following the announcement of permit approval on September 10. The program comprises approximately 3,000 metres of drilling across seven holes.
The drilling strategy targets two distinct areas. Target 1 involves four shallow holes, with a maximum depth of 150 metres, designed to test a near-surface copper oxide zone defined by historical trenching. Target 2 consists of three deep holes, each reaching 800 metres, intended to test the interpreted porphyry core beneath a 5.0 km x 2.5 km magnetic anomaly. Assays will be released as they become available from the laboratory.
DLP Resources Inc. (DLP) has begun drilling, marking an expected operational milestone following the permit announcement on September 10. This development confirms management's execution of the planned 3,000m maiden program, though it does not provide new geological data or financial metrics. The news is incremental and routine, serving as a confirmation of progress rather than a market-moving event. The stock price has already priced in the permitting and drilling start, trading at $0.37, near recent resistance levels.
DLP Resources Inc. (DLP) is an exploration-stage junior focused on copper-molybdenum-silver projects in Peru and British Columbia.
The company’s Aurora Project is 100%-owned and covers 12,500 hectares. It hosts a maiden Inferred Resource of 1.05 billion tonnes grading 0.44% CuEq. A Pre-Feasibility Study (PEA) released in September 2026 outlines a 17.5-year mine life with an after-tax NPV8% of $2,703 million and an IRR of 18.5%. The PEA covers only approximately 30% of the resource, leaving significant expansion optionality.
The Esperanza Project is also 100%-owned, spanning 22,500 hectares. It is located approximately 35 km southwest of Freeport-McMoRan's Cerro Verde mine. The property features a large magnetic anomaly and high-grade surface geochemistry, with the maiden drill program now underway.