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Enter Symbol
or Name
USA
CA



Delta Resources Ltd
Symbol DLTA
Shares Issued 98,713,488
Close 2023-06-05 C$ 0.38
Market Cap C$ 37,511,125
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Delta Resources starts drill program at Delta-1

2023-06-06 11:05 ET - News Release

Mr. Andre Tessier reports

DELTA ANNOUNCES THE START OF A 20,000 METRE DRILL PROGRAM AND MOBILIZES A SECOND DRILL RIG AT THE DELTA-1 PROPERTY, IN THUNDER BAY, ONTARIO

Delta Resources Ltd. has started a 20,000-metre drill program at the Delta-1 gold project, 50 kilometres west of Thunder Bay, Ont. Delta will be mobilizing a second drill rig to further accelerate the drill campaign.

This new drilling program is in addition to the 5,000-metre program previously announced on April 24, 2023, which is currently under way and nearing completion.

Both programs are designed to expand the current mineralized zone along strike and at depth, while testing property-scale targets with similar geological and geophysical signatures as the Eureka gold zone.

Andre Tessier, president and chief executive officer, commented: "This is a very exciting time at Delta and at the Delta-1 property. Delta's recent closing of a $10-million bought-deal financing has provided us with the resources needed to further expand the gold zone while thoroughly exploring the property at large, where many exploration targets remain untested. We anticipate getting the initial results from our current drilling program shortly and look forward to the many anticipated results to come with this accelerated program."

About Delta Resources Ltd.

Delta Resources is a well-financed Canadian mineral exploration company focused on growing shareholder value through the exploration of two very high-potential gold and base-metal projects in Canada.

  • Delta-1 covers 59.1 square kilometres located 50 kilometres west of Thunder Bay, Ont., where a gold mineralized zone 1,500 metres long was outlined through drilling in a multikilometre-scale intense alteration halo. Best grades to date include drill intercepts of 5.92 grams per tonne (g/t) Au (gold) over 31 metres, including 14.8 g/t Au over 11.9 m and 2.06 g/t Au over 65.8 m, including 4.23 g/t Au over 26.2 m, and bonanza grades of up to 1.6 kilograms per tonne (kg/t) and 697 g/t Au over one m. The zone extends to surface and is open in all directions.
  • Delta-2 VMS (volcanogenic massive sulphide) and Delta-2 Gold covers 194 square kilometres in the prolific Chibougamau district of Quebec. The property holds excellent potential for gold-rich polymetallic VMS deposits as well as hydrothermal-gold deposits. Delta targets VMS deposits such as the LeMoine past producer where 760,000 tonnes were mined between 1975 and 1983, grading 9.6 per cent zinc, 4.2 per cent copper, 4.5 g/t gold and 84 g/t silver.

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