06:30:33 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Delta Resources Ltd
Symbol DLTA
Shares Issued 101,738,488
Close 2024-01-16 C$ 0.113
Market Cap C$ 11,496,449
Recent Sedar Documents

Delta Resources to resume drilling at Delta-1

2024-01-16 13:02 ET - News Release

Mr. Andre Tessier reports

DELTA RESOURCES STARTS 2024 DRILLING PROGRAM AT DELTA-1 IN THUNDER BAY, ONTARIO

Delta Resources Ltd. will resume drilling at the Delta-1 project in Thunder Bay, starting with a 5,000-metre drilling program. The program will be two-pronged, with a number of drill holes aimed at increasing the gold inventory at the Eureka gold zone, while other drill holes will test new exploration targets defined at the end of 2023.

This drilling program and Delta's future exploration programs in 2024 are fully financed.

In 2023, Delta completed 60 drill holes for a total of 19,620 metres at the Delta-1 project. This brings the total drilling at the property to 86 drill holes, or 26,288 metres, since Delta's 2019 acquisition of the project. Other exploration work at the property in 2023 included a geological mapping, prospecting and sampling program that covered approximately 10 square kilometres, as well as a 3-D induced polarization geophysical survey and a high-resolution drone magnetic survey.

Qualified person

Daniel Boudreau, PGeo, manager of exploration for Delta Resources, is a qualified person as defined by National Instrument 43-101, and will be supervising the drilling program. Mr. Boudreau has reviewed the technical information presented in this press release.

Ontario Junior Exploration Program

Delta Resources would like to acknowledge the financial support provided by the Ontario government via the Ontario Junior Exploration Program (OJEP). Delta will be receiving up to $200,000 upon completion of its exploration program at Delta-1.

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 is Delta's flagship project, where the company is building gold ounces 50 kilometres west of Thunder Bay, Ont., at surface and adjacent to the Trans-Canada Highway. To date, the gold mineralization is defined over 1.8 kilometres from surface to a vertical depth of 250 metres. Highlights include drill intercepts such as 5.92 grams per tonne (g/t) gold (Au) over 31 m (including 14.8 g/t Au over 11.9 m) and 1.79 g/t Au over 128.5 m. The property covers 107 square kilometres and Delta has identified a five km long corridor of intense alteration and deformation at the property, on strike with the gold zone, that has yet to be thoroughly explored.
  • The Delta-2 property 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.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.