04:12:59 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Delta Resources Ltd
Symbol DLTA
Shares Issued 100,763,488
Close 2023-08-29 C$ 0.315
Market Cap C$ 31,740,499
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Delta Resources receives $200,000 grant from Ont. gov't

2023-08-30 09:57 ET - News Release

Mr. Andre Tessier reports

DELTA RECEIVES $200,000 GRANT FROM THE ONTARIO JUNIOR EXPLORATION PROGRAM TO FURTHER ADVANCE THE GOLD DISCOVERY AT DELTA-1 IN THUNDER BAY, ONTARIO

Delta Resources Ltd. has been selected to receive up to $200,000 from the Ontario Junior Exploration Program (OJEP) to further advance its exploration efforts at the Delta-1 property in Thunder Bay, Ont.

Delta is in the midst of an extensive exploration program at its newly expanded Delta-1 project, including up to 20,000 metres of drilling, a surface geological mapping program, further prospecting and sampling. Assay results are now pending for over 40 drill holes totalling nearly 14,000 metres.

"We are thrilled to receive the OJEP grant this year again. The funds go a long way to advance and expand our exploration program on a non-dilutive basis at the Delta-1 project, enhancing value for all stakeholders," said Andre Tessier, president and chief executive officer of Delta.

About Delta Resources Ltd.

Delta Resources is a 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 approximately 107 square kilometres located 50 kilometres west of Thunder Bay, Ont., where a gold-mineralized zone 950 metres long was outlined through drilling in a multikilometre-scale, intense alteration halo. Best grades to date include a drill intercept of 14.8 grams per tonne gold over 11.9 metres, within a broader interval of 5.92 g/t Au over 31 m. The zone is open in all directions.
  • Delta-2 covers 194 square kilometres in the prolific Chibougamau district of Quebec. The property holds excellent potential for gold-rich polymetallic volcanogenic massive sulphide 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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