DLP Resources Reports 54M Of 1.53% Copper In A Trench On The 100 % Owned Esperanza Project And Confirms Silver-Gold-Arsenic-Antimony Anomalies Coincident With Previously Reported Molybdenum And Copper In Rock Chips Appoints Joe Phillips To The Board

2026-03-09 06:04:13

(MENAFN- Newsfile Corp) DLP Resources Reports 54m of 1.53% Copper in a Trench on the 100 % Owned Esperanza Project and Confirms Silver-Gold-Arsenic-Antimony Anomalies Coincident with Previously Reported Molybdenum and Copper in Rock Chips; Appoints Joe Phillips to the Board

March 09, 2026 6:00 AM EDT | Source: DLP Resources Inc.

Cranbrook, British Columbia--(Newsfile Corp. - March 9, 2026) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (" DLP " or the " Company ") announces receipt of geochemical results for three (3) of nine (9) trenches in the exotic copper zone and geochemical analysis of gold (Au) and silver (Ag) and a suite of 49 elements in 94 pulps from rock samples taken previously from the Esperanza project immediately south of the Chapi Mine in Southern Peru (Figure 1 and see DLP Resources Inc., news releases dated March 13, 2024 and April 25, 2024).

Results from three of the nine trenches on the exotic copper oxide zone which extends over approximately 300m x 700m have returned copper mineralized intervals of between 48 to 82m with average copper values ranging from 0.29 % Cu to 2.29 % Cu (see Tables 1 to 3 and Figures 2 and 3). Additional analysis of silver (Ag) and gold (Au) plus copper (Cu), Molybdenum (Mo) arsenic (As), antimony (Sb), lead (Pb), bismuth (Bi), barium (Ba) and zinc (Zn) in the re-analysis of pulps of rock samples taken in the initial reconnaissance sampling have returned consistent association of As-Sb-Pb-Bi ± Ba, with anomalous Mo and low Zn, characteristic of proximal phyllic alteration developed above or laterally to a potential mineralized core. This is within mapped intrusive stocks and polymictic breccias within the overlying volcanics (Figures 4 to 14).

The additional geochemical analysis of Au and Ag and the re-interpretation of all geochemical data have confirmed geochemical anomalies over the previously reported magnetic high surrounded by magnetic lows co-incident with mapped porphyry related alteration, high resolution spectral alteration mineral mapping and anomalous copper and molybdenum anomalies (see Figure 14) and DLP Resources Inc., news releases dated January 05, 2026).

Highlights

Trench T1_026 was 54m long and cut through the mineralized zone on an azimuth of 055 degrees and an inclination of -15 degrees (Table 1). The 54m interval returned 1.53% Copper (see Tables 1 & 2).
Trench T2_026 was 48m long and cut through the mineralized zone on an azimuth of 13 degrees and an inclination of -25 degrees. The 48m trench returned an interval of 38m of 0.34 % copper from 10m to 48m (see Tables 3 & 4) .
Trench T3_026 was 82m long and cut through the mineralized zone on an azimuth of 10 degrees and an inclination of -25 degrees. The 82m interval returned 0.62 % copper (see Tables 5 & 6).
Rock geochemistry shows a consistent association of As-Sb-Pb-Bi ± Ba, with anomalous Mo and low Zn, characteristic of proximal phyllic alteration developed above or laterally to a mineralized core.
The presence of disseminated tourmaline and the Bi-Mo association supports the interpretation of high-temperature fluids proximal to the intrusive source, with effective vectoring potential toward the center of the porphyry system.
Anomalous Au values concentrated along structures, with generally low Ag, but locally up to 82g/t Ag (~2oz) within a discrete structure, indicate late-stage hydrothermal pulses focused along faults, consistent with a potential telescoped porphyry system and without evidence of extensive epithermal development.
Low surface Cu values over the central RTP - high magnetic anomaly suggests that the Cu-Mo core is not exposed, with a higher probability of occurrence along the flanks of the RTP magnetic high or at greater depth, particularly in zones where As-Sb decrease and Cu-Mo increase (Figure 14).
The elongated reduced to pole (RTP) magnetic high (~3 × 2 km) defines a potential magnetite-bearing intrusive corridor with strong structural control, consistent with a large-scale porphyry system.

Mr. Gendall, President and CEO commented: "Trenching across the exotic copper zone with current mapped exposures of approximately 700m x 300m has returned encouraging intervals of up 82m with very encouraging copper grades of up to 2% copper. These trench results coupled with an elongated magnetic high, proximal phyllic alteration, a well defined As-Sb-Bi-Ba geochemical anomaly over a moderate Mo enrichment, and structurally controlled anomalous Au and Ag defines a well-developed Cu-Mo-Au porphyry system with strong discovery potential through exploration targeting and drilling of these anomalies to depth, along structural flanks and areas of exotic copper showings.

I would also like to welcome Joe Phillips to the DLP Board. Joe brings a wealth of experience to DLP as a senior mining executive and director in North and South America, and we look forward to Joe's insights and guidance as we progress two important copper-molybdenum projects in Peru."

Trench and Rock Chip Sampling

Results from three of the nine trenches on the exotic copper oxide zone which extends over approximately 300m x 700m are reported below (see Tables 1,2,3, 4, 5 & 6 and Figures 2 to 14):

Table 1: Trench T1-026 Location

Trench	Easting	Northing	Elevation	Length	Azimuth	Inclination
ID	m	m	m	m	Degrees	Degrees
T1-026	244686	8136306	1860.5	54	55	-15

Table 2: Trench T1-026 Summary Results for Copper

Trench	From	To	Interval	Description	Cu (total)
ID	m	m	m		%
T1-026	0	54	54	Mineralized agglomerate	1.53
Includes	6	20	14	Mineralized agglomerate	1.88
Includes	42	52	10	Mineralized agglomerate	2.29

Table 3: Trench T2-026 Location

Trench	Easting	Northing	Elevation	Length	Azimuth	Inclination
ID	m	m	m	m	Degrees	Degrees
T2-026	244606	8136242	1869	48	13	-25

Table 4: Trench T2-026 Summary Results for Copper

Trench	From	To	Interval	Description	Cu (total)
ID	m	m	m		%
T2-026	0	48	48	Mineralized agglomerate	0.29
Includes	10	48	38	Mineralized agglomerate	0.34

Table 5: Trench T3-026 Location

Trench	Easting	Northing	Elevation	Length	Azimuth	Inclination
ID	m	m	m	m	Degrees	Degrees
T3-026	244499	8136254	1884.5	82	10	-25

Table 6: Trench T2-026 Summary Results for Copper

Trench	From	To	Interval	Description	Cu (total)
ID	m	m	m		%
T3-026	0	82	82	Mineralized agglomerate	0.62
Includes	54	82	28	Mineralized agglomerate	1.33

Table 7. Summary of Rock Chip Results for the Esperanza Project with gold (Au), copper (Cu), zinc (Zn), silver (Ag) and molybdenum (Mo) highlighted.

Sample No	Easting	Northing	Elevation	Au	Cu	Zn	Ag	Mo	Sample area	Description
		m	m	ppb	ppm	ppm	ppm	ppm	m	Rock Chip Samples 2x2m Sampling Area
001152	244293	8136635	1965	<5	151.8	36	0.11	1.37	2 x 2	Diorite with quartz vlts & Mn, intense fractures with neotacite
001153	244380	8136819	1953	6	4222	1827	0.14	1.9	2 x2	Quartz Diorite, FeOx + Malachite + Mn + Tm?
001154	244459	8136848	1953	60	4132	663	0.19	1.04	2 x2	Quartz Diorite, Intense fractures, Malachite + CuOx + Mn + Tm
001155	244517	8136883	1951	11	1401	651	0.17	0.97	2 x2	Quartz Diorite, QS alteration, FeOx + Malachite
001156	244334	8136661	1943	<5	42.5	64	0.16	1.24	2 x2	Quartz Diorite, Argillic alteration, FeOx vlts
001157	244367	8136702	1940	8	27.7	54	0.17	1.3	2 x2	Quartz Diorite, FeOx vlts + calcite
001158	244400	8136739	1930	8	30	99	0.13	6.38	2 x2	Quartz Diorite, Arg alteration, Qtz vlts
001159	244451	8136708	1940	7	21.3	59	0.21	7.29	2 x2	Quartz Diorite, Arg alteration, Qtz Veinlets + FeOx
001160	244530	8136536	1929	<5	24.6	66	0.28	7.5	2 x2	Aplite Dyke, FeOx + Neotocite
001161	244719	8136324	1959	<5	38470	3387	0.22	2.12	2 x2	Polymictic Bx, Qtz + Tm + Ox Cu + Mn
001162	244714	8136329	1959	<5	28700	2200	0.18	2.35	2 x2	Polymictic Bx, Qtz + Tm + Ox Cu + Mn
001163	244723	8136311	1955	5	32960	1751	0.18	2.44	2 x2	Polymictic Bx, Qtz + Tm + Ox Cu + Mn
001164	244674	8136313	1853	<5	38210	1716	0.19	1.85	2 x2	Polymictic Bx, Qtz + Tm + Ox Cu + Mn
001165	244382	8136816	1954	6	30680	1494	0.18	1.82	2 x2	Quartz Diorite, FeOx, CuOx, Malachite + Mn + Tm?
001166	244384	8136818	1954	19	1931	1460	0.13	1.14	2 x2	Quartz Diorite, FeOx, CuOx, Malachite + Mn + Tm?
001167	244386	8136820	1953	50	11110	1905	0.13	1.8	2 x2	Quartz Diorite, FeOx, CuOx, Malachite + Mn + Tm?
001168	244388	8136822	1953	12	657	337	0.12	0.66	2 x2	Quartz Diorite, FeOx, CuOx, Malachite + Mn + Tm?
001169	244390	8136824	1953	15	3685	2933	0.15	1.3	2 x2	Quartz Diorite, FeOx, CuOx, Malachite + Mn + Tm?
001171	244409	8136739	1930	13	44930	2874	0.27	2.11	2 x2	Quartz Diorite, Arg Alteration, Qtz Vlts, FeOx, + Vlts Calc
001172	244719	8136324	1932	5	45580	1829	0.17	2.32	2 x2	Polymictic Bx, Qtz + Tm + Ox Cu + Mn
001173	244714	8136329	1853	8	9817	2493	0.49	1.84	2 x2	Polymictic Bx, Qtz + Tm + Ox Cu + Mn
001174	244723	8136311	1853	17	14610	1139	0.2	1.67	2 x2	Polymictic Bx, Qtz + Tm + Ox Cu + Mn
001175	248109	8132164	1675	<5	182	80	0.27	1.39	2 x2	Qtz Tm Breccia with Cp, CuOx, FerriMo, Int Frac
001176	249288	8133380	1930	<5	40.8	32	0.08	0.84	2 x2	Diorite? With Volc frag.,
001177	244283	8136751	1913	6	78.8	69	0.11	1.29	2 x2	Qtz Monzonite with Bi + Chl + FeOx vlts, Neo + Tm
001178	244319	8136790	1917	7	40.1	69	0.16	1	2 x2	Qtz Monzonite, Arg Alteration, FeOx vlts, Neo + Tm
001179	244216	8136777	1922	8	28.2	74	0.26	1.18	2 x2	Qtz Monzonite,Qtz vlts-calcite-ep-mag
001180	244169	8136749	1931	6	19	125	0.68	0.62	2 x2	Qtz Monzonite +Tm-Qtz-bi, Neo
001181	244170	8136751	1942	<5	31.3	66	0.27	1.49	2 x2	And Dyke, Intense Frac.,Vlts of FeOx
001182	244009	8136743	1955	<5	37.2	67	0.6	0.97	2 x2	Qtz Monzonite with Arg alt, Intense Frac-vlts-FeOx
001183	244056	8136805	1987	<5	23.2	62	0.14	0.82	2 x2	Qtz Monzonite with Vlts of Mn, Calcite, Tm-Mag zones
001184	249618	8135771	1957	10	26	71	0.22	0.75	2 x2	Qtz Dirorite, Arg Alt, Vlts of FeOx, green sericite
001185	249640	8135755	1957	6	71.6	138	0.59	0.88	2 x2	Qtz-Tm dyke?
001186	243195	8135644	1940	<5	29.8	83	0.19	1.15	2 x2	Qtz Diorite with Chl-py-ep + Mn
001187	242917	8135427	1935	6	36.8	41	0.23	3.02	2 x2	Diorite with FeOx + Discontinuous vlts
001188	241824	8134456	1917	66	53.5	65	0.21	14.76	2 x2	Breccia, FeOx, Lim boxworks
001189	241913	8134615	1922	21	48.6	22	0.3	27.61	2 x2	Polymictic Bx, FeOx in fractures
001191	242573	8135447	1930	12	55.9	70	0.22	10.73	2 x2	Quartz vein, Strong Fracturing with FeOx + Mn
001192	243258	8134631	1926	8	94.7	103	0.25	7.6	2 x2	Andesite fragment, FeOX, Intense Fracturing
001193	243282	8134646	1929	5	26.8	30	0.11	2.75	2 x2	Quartz Diorite, QS Alteration, Very Fractured
001194	243125	8134745	1929	7	34	44	0.13	3.33	2 x2	Quartz Diorite, FeOx, Turgite,
001195	243341	8134797	1925	<5	28.3	74	0.44	3.63	2 x2	Quartz Diorite, FeOx, Turgite, Intense Fractures
001196	243472	8134471	1924	6	21.2	39	0.25	14.42	2 x2	Quartz Diorite, Quartz Vlts, FeOx boxworks, Intense Frac.
001197	243266	8134164	1917	7	32.4	90	0.25	4.11	2 x2	Diorite with Qtz Vlts, Leached - FeOx + Qtz Tm vlts
001199	246227	8130003	1921	28	30.2	41	1.58	6.16	2 x2	Diorite with Vlts of Qyz-py-mn = Sulphates + Int Frac.
001200	243478	8134334	1718	6	94	63	0.31	4.14	2 x2	Diorite with fragments of SS + Vlts of Qtz-hm,Mn,Neo
Notes: Bx-Breccia, Qtz-Quartz, Tm-Tourmaline, Vlts-veinlets, FeOx-Iron Oxides, FeMo-ferrimolybdenite, Mt-magnetite, SS-sandstone, Py-Pyrite, Ep-Epidote, Chl-Chlorite, Arg-Argillic, QSP-Quartz-sericite-pyrite, Ser-Sericite, Sil-Silicified, SS-sandstone, Py-Pyrite, Ep-Epidote, Chl-Chlorite, Arg-Argillic, QSP-Quartz-sericite-pyrite, Ser-Sericite, Sil-Silicified,

Sample No	Easting	Northing	Elevation	Au	Cu	Zn	Ag	Mo	Sample area	Description
		m	m	ppb	ppm	ppm	ppm	ppm	m	Rock Chip Samples 2x2m Sampling Area
001201	243185	8134576	1711	<5	32.7	34	0.17	15.5	2 x2	Qtz-Tourmaline breccia
001202	243085	8134575	1721	6	38.5	63	0.07	21.62	2 x2	Intensely fractured diorite with FeOx boxworks
001204	243094	8134585	1710	11	64.2	84	0.13	37.96	2 x2	Diorite with SS clasts and Fe-oxides + Tourmaline
001205	243102	8134584	1721	<5	36.9	57	0.08	19.1	2 x2	Sandstone with Fe-oxides + Quartz-sericite
001206	243107	8134570	1712	14	52.4	17	0.23	34.58	2 x2	Diorite, Arg Alt, with Vlts of FeOx = Int Frac
001207	243151	8134507	1714	27	211.6	101	0.1	39.04	2 x2	Diorite + Veining with FeOx + Mn + Neo + Tm
001209	243141	8134293	1716	372	82.2	126	0.11	12.06	2 x2	Diorite, Arg with SS and Qtz vlts and FeOx boxworks +Tm
001210	243330	8134454	1729	8	328.7	44	0.11	39.91	2 x2	Diorite, Arg with SS and Qtz vlts and FeOx boxworks +Tm
001211	242844	8134676	1728	436	231.3	140	0.11	36	2 x2	Diorite, Arg altered, qtz-FeOx + Tm + fine alunite? in matrix.
001212	242802	8134757	1721	7	27.9	51	0.25	6.67	2 x2	Diorite Sil, Qtz vlts, Mn-Tm, intense angular fractures.
001214	242754	8134817	1729	11	106.4	24	0.11	19.45	2 x2	Diorite, Arg Alteration, Vlts of Qz, FeOx, Mn +Tm
001215	242718	8134846	1728	8	73.1	33	0.08	21.7	2 x2	Polymictic Bx frag of SS with FeOx veins + Mn
001216	242911	8134833	1716	20	83.3	22	0.09	4.74	2 x2	Polymictic Bx, fragments of SS, vlts of FeOx, Mn + Neo
001217	242865	8134918	1718	7	94.1	22	0.06	7.76	2 x2	Diorite QSP with Qtz vlts and FeOx-Mn
001219	242872	8134971	1711	<5	3.6	6	0.04	0.17	2 x2	Diorite, QS alt, vlts of Qtz + FeOx +Mn + Neo
001220	242756	8135047	1674	6	41	69	0.31	5.42	2 x2	Diorite, QS alt, vlts of Qtz + FeOx +Mn + Neo = Int Fac
001221	242673	8135004	1691	<5	23.4	33	0.17	5.9	2 x2	Diorite, Arg alt, vlts of Qtz + FeOx +Mn + Tm
001222	242872	8134971	1685	11	49.1	107	0.27	1.64	2 x2	Diorite, Qtz-Tm, Int Frac, vlts of FeOx-Mn + Neo
001224	242756	8135047	1680	47	16.8	14	0.31	3.53	2 x2	Polymictic bX with Sil fragments with BxWks + vlts of FeOx-Mn, Int Frac
001225	242673	8135004	1679	11	19.8	19	0.08	1.58	2 x2	Diorite, arg alt, Vlts of FeOx, +Mn + Tm
001226	244504	8136321	1886	<5	19050	1099	0.19	1.97	2x2	Polymictic Bx, pseudostratification + malachite and Mn
001227	244682	8136164	1852	8	17780	2395	0.36	6.48	3 x5	Polymictic Bx, pseudostratified with presence of malachite
001229	244817	8136181	1852	16	39410	1389	0.49	16.94	2 x2	Polymictic Bx?, with malachite and Mn in matrix
001230	244609	8136224	1887	<5	4363	350	0.23	6.06	3 x3	Polymictic Bx?, with malachite and Mn in matrix
001231	244557	8136198	1589	5	14410	1119	0.13	3.33	5 x5	Polymictic Bx?, with malachite and Mn in matrix
001232	244500	8136152	1884	14	6503	460	0.16	4.33	5 x 5	Subhorizontal polymictic Bx with malachite and Mn in matrix
001234	244494	8136108	1876	<5	3986	551	0.14	5.13	5 x 3	Polymictic Bx with malachite and Mn in subhorizontal horizons
001235	244518	8136033	1878	9	4078	510	0.19	5.53	5 x 5	Polymictic Bx with malachite and Mn in subhorizontal horizons
001236	244564	8136080	1853	9	7612	1247	0.26	9.11	3 x 10	Polymictic Bx with malachite and Mn in subhorizontal horizons
001237	244587	8135958	1856	27	15840	764	0.34	7.5	5 x 5	Polymictic Bx with malachite, atacamite and Mn
001239	244513	8135880	1863	9	2386	392	0.23	5.4	6 x 3	Polymictic Bx with malachite in a subhorizontal horizon
001240	244510	8135792	1861	<5	7601	420	0.19	4.66	5 x 5	Polymictic Bx with malachite in a subhorizontal horizon
001241	244568	8135679	1852	<5	3671	515	0.2	6.7	5 x 5	Polymictic Bx with malachite in a subhorizontal horizon
001242	244010	8135353	1789	<5	1117	2091	0.21	3.86	5 x 3	Polymictic Bx with malachite in a subhorizontal horizon
001244	244065	8135443	1792	22	3075	1453	0.2	5.32	5 x 3	Polymictic Bx with malachite in a subhorizontal horizon
001245	242718	8134403	1674	5	85.6	34	0.1	15.15	5 x 2	Diorite, Arg., with Mn in irregular veins
001246	242985	8134540	1691	11	150.2	240	0.08	50.8	5 x 5	Diorite, Arg., with Mn in irregular veins
001247	242830	8134364	1667	8	23.3	61	0.09	23.18	2 x 2	Diorite, Qtz, Tm, FeOx in boxworks + intense fracturing + veins
001249	242674	8134200	1645	7	51.7	49	0.2	6.28	2 x 2	Quartzite/SS with FeOx in veinlets/fractures and presence of Tm
001250	242640	8134158	1637	7	33.8	12	0.26	18.18	5 x 3	Quartzite/SS with FeOx in veinlets/fractures and presence of Ser
001751	242562	8134093	1628	6	105.6	44	0.33	25.79	5 x 2	Bx of quartzite/SS with FeOx boxworks + FeOx in fractures
001752	242082	8134627	1626	14	35.6	81	0.17	13.76	3 x 3	Diorite, Arg, FeOx + quartzite/SS with FeOx boxworks
001754	242254	8134434	1645	370	161.5	72	82	67.15	5 x 2	Vein?, QSP, malachite and OxFe in fractures and boxworks
001755	242291	8134249	1634	7	29.7	7	0.25	14.76	3 x 2	Bx, QSP +FeOx boxworks +quartz
001756	242276	8134244	1643	6	22.7	25	0.13	5.62	3 x 2	Bx, QSP, presence of FeOx boxworks + quartz
001757	242248	8134220	1651	8	16.9	136	0.14	11.67	3 x 3	Bx, subangular fragments, Qtz-Tm?
001759	242351	8134070	1607	100	31.3	28	0.66	11.46	3 x 3	Diorite, QSP, FeMo in fractures, FeOx +intense fracturing
001760	242265	8134168	1644	25	47.5	114	0.54	15.33	5 x 3	Bx, quartz veins with FeOx, Mn and Tm in fractures
Notes: Bx-Breccia, Qtz-Quartz, Tm-Tourmaline, Vlts-veinlets, FeOx-Iron Oxides, FeMo-ferrimolybdenite, Mt-magnetite, SS-sandstone, Py-Pyrite, Ep-Epidote, Chl-Chlorite, Arg-Argillic, QSP-Quartz-sericite-pyrite, Ser-Sericite, Sil-Silicified, SS-sandstone, Py-Pyrite, Ep-Epidote, Chl-Chlorite, Arg-Argillic, QSP-Quartz-sericite-pyrite, Ser-Sericite, Sil-Silicified,

Board Appointment and Issuing of Options

Mr. Joe Phillips, who served as a Technical Advisor to DLP from December 2025 is appointed to the Board. Mr. Phillips has a wealth of experience as a senior mining executive and director in North and South America. His experience ranges from startup and development to operational roles at a senior level. He has acted as technical adviser on various operations, most recently the World Copper project in Arizona, and has been COO at a number of operations including Minera Tres Valles, Chile, and Laguna Gold. He has been in senior management roles with Coeur Mining, Silver Standard and Pan American Silver.

The Company has granted 200,000 incentive stock options to Mr. Phillips with an exercise price of $0.36 per share for a five-year period, from the date of grant, in accordance with the terms of DLP Resources Inc. stock option plan. Further, the Company has granted an at arm's length consultant 100,000 incentive stock options with an exercise price of $0.36 per share for a five-year period, from the date of grant, in accordance with the terms of DLP Resources Inc. stock option plan.

Quality Control and Quality Assurance

DLP Resources Peru S.A.C, a subsidiary of DLP Resources Inc., supervises sampling and carries out surface sampling and mapping of outcrop at the Esperanza project. Rock chip-Panel sampling was done within a maximum area of 2m x 1m and descriptions were carried out by a geologist. Samples are bagged and sealed on site before transportation to the SGS Peru S.A.C. sample preparation facility in Arequipa by Company vehicles and staff. Rocks are crushed Drying at 100°C, primary and secondary crushing to -10 mesh (up to 6K) Division and pulverizing of 250g (95% to 140 mesh) with 70% passing <2mm. Sample is split with riffle splitter and 250g pulverized to 85% less than 75um. Prepared samples are sent to Lima by SGS Peru S.A.C. for analysis. SGS Peru S.A.C. is an independent laboratory. Samples are analyzed for 50 elements using a four-acid digestion and Atomic absorption spectroscopy finish. Overlimit samples for copper and silver were re-analysed by four-acid digestion and atomic absorption spectrometry finish). For gold determination, fire assay of a 30 g charge is followed by an atomic absorption spectroscopy (AAS) determination. In addition, sequential copper analyses are done and reports, soluble copper using sulphuric acid leach, soluble copper in cyanide leach, residual copper and total copper. SGS meets all requirements of International Standards with ISO/IEC 17025 accredited testing laboratories.

DLP Resources independently monitors quality control and quality assurance ("QA/QC") through a program that includes the insertion of certified reference materials.

Esperanza Project

The Esperanza Cu-Mo Project is an early-stage exploration project in Southern Peru consisting of 13,900 Ha of claims which are 100% owned by DLP. Esperanza is located ~35 km SW of the Cerro Verde Mine in Arequipa and immediately south of the Chapi Copper Mine.

Copper-molybdenum mineralization was initially observed in an early reconnaissance program undertaken in 2022. Subsequently we have completed a satellite alteration mapping program over the project and identified alteration consistent with porphyry copper-molybdenum systems. Follow-up of alteration and subsequent sampling and mapping commenced in early 2024.