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Delta Resources Ltd
Symbol DLTA
Shares Issued 29,494,338
Close 2020-07-28 C$ 0.46
Market Cap C$ 13,567,395
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Delta Resources samples up to 8.66 g/t Au at Delta-2

2020-07-28 12:16 ET - News Release

Mr. Andre Tessier reports

DELTA SAMPLES UP TO 8.66 G/T GOLD, 190 G/T SILVER AND 3.94% COPPER AT DELTA-2 -- CHIBOUGAMAU, QUEBEC

Delta Resources Ltd. has released initial results from a rock sampling program at the Snowfall gold discovery (see Delta press release dated Nov. 26, 2019).

In June, 2020, Delta geologists, with the help of a team of consultants from Laurentia Exploration and local prospectors, carried out a bedrock mapping and sampling program, coupled with boulder tracing, at the Delta-2 property in Chibougamau, Que. Part of the program covered the site of the Snowfall gold occurrence, a discovery made through prospecting in November, 2019 (see Delta press release dated Nov. 26, 2019). Two additional mineralized outcrops have been located at the site, and assay results are provided in an attached table.

Mineralized samples have been discovered over a north-south direction of 184 metres and 131 metres in the east-west direction. Also new at Snowfall are the high copper and silver values.

In addition to sampled outcrops, two mineralized boulders of quartz vein with trace disseminated chalcopyrite have also been discovered at the site, pointing to a nearby source to the north-northeast of the gold occurrence. Assay values of these boulders are provided in an attached table.

Michel Chapdelaine, vice-president of exploration, commented: "This is a totally new discovery in a well-known mining camp. The target area surrounding the Snowfall gold-copper occurrence covers an area well over five square kilometres, and not one historical drill hole is reported in the area."

Andre Tessier, president and chief executive officer, commented: "We have a tremendous opportunity to make a significant discovery in a mature camp where multiple deposits already exist. Our team of geologists is extremely excited and motivated by this new discovery. We're looking forward to receiving the results of our channel sampling shortly."

As reported on July 9, 2020, Delta is currently carrying out a mechanical trenching program at Delta-2, which includes the Snowfall gold occurrence. Mechanical trenching at Snowfall uncovered strong and pervasive alteration zones hosting different mineralized quartz veins at the contact of the La Dauversiere pluton. Three trenches were completed, spaced by more than 150 metres from each other. Channel sampling work has been completed, and assays are pending.

Targets at the Delta-2 project consist of magmatic-hydrothermal gold deposits related to the La Dauversiere pluton, such as the Joe Mann past producer (1956 to 2007 -- 1,173,000 ounces of gold at a grade of 8.26 grams per tonne gold, 607,000 ounces of silver at five grams per tonne silver and 28.7 million pounds of copper at 0.25 per cent copper). In addition, Delta is targeting volcanogenic massive sulphide mineralization similar to the Lemoine mine, which is located 1.5 kilometres north of the property. Between 1975 and 1983, the extraordinarily rich Lemoine mine produced 757,585 tonnes of ore grading 9.52 per cent zinc, 4.18 per cent Cu, 4.56 g/t Au and 82.26 g/t Ag.

Analytical protocol and qualified person

Geochemical analyses were performed by Laboratoire Expert Inc., Rouyn-Noranda. Gold geochemical analyses were performed by fire assay with atomic absorption finish. For samples grading over three g/t Au, each sample was reanalyzed by fire assay with gravimetric finish. Silver and base metal assays were analyzed by aqua regia (ICP).

The quality assurance/quality control protocol includes the insertion of blank or standard samples, in addition to the regular insertion of blank, duplicate and standard samples accredited by Laboratoire Expert during the analytical process.

Michel Chapdelaine, PGeo, vice-president of exploration at Delta Resources, is a qualified person as defined by National Instrument 43-101 and is responsible for the technical information presented in this press release.

About Delta Resources Ltd.

Delta Resources is a Canadian mineral exploration company focused on growing shareholder value through the acquisition of high-potential gold and base metal projects in Canada, exploring these projects with state-of-the-art methods and potentially developing these projects into mines.

We seek Safe Harbor.

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