Delta Drills 11.9 Metres of 14.8 g/t Gold Within a Broader Interval of 31.0 Metres of 5.92 g/t Gold at the Eureka Gold Deposit, Delta-1 Project in Thunder Bay, Ontario
Kingston, Ontario – October 19, 2022 – Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6G01) (“Delta” or “the Company”) is pleased to provide results from its 2022 drilling program at the Eureka Gold Deposit, 50 kilometres west of Thunder Bay, Ontario. A total of 2,719 metres were completed in nine drill holes during this program.
All nine drill holes of the 2022 program intersected the gold-bearing zone with the easternmost drill hole of the program returning assays of:
5.92 g/t gold over 31.0 metres
Including 14.80 g/t Au over 11.9 metres
Including 72.95 g/t Au over 2.2 metres
The mineralized zone has now been intercepted over a strike length of 850 m with the best grades increasing towards the east.
Figure 1: Plan view map showing locations of the drill holes. (Note: The geology has been projected up-dip to the surface).
Figure 2: Vertical Longitudinal Section showing grade x thickness.
André Tessier, President and CEO commented:”These first high-grade results at Delta-1 are very encouraging and could indicate a significant and higher-grade area at Eureka. In addition to seeing very wide intercepts of low-grade gold, we are now seeing the potential for high-grade zones, particularly towards the east where the zone has never been tested. Based on the visual identification of significant native gold alone, Delta mobilized a drill to complete two additional holes in the eastern extension of the zone and the team is eagerly awaiting the results from these holes.”
The mineralized zone trends roughly 100° azimuth, dips 50° towards the north, and has now been intersected over a strike length of approximately 850 m and a vertical depth exceeding 200 m.
The gold mineralization is hosted within a sandstone, near its contact with ultramafic volcanic flows to the south. Kilometre-scale, texture destructive alteration consists of intense ankeritization, sericitization and silicification. There appears to be a spatial association between gold mineralization and amphibole-feldspar-phyric intermediate dikes that are also affected by alteration. Gold mineralization consists of a network of multiple generations of quartz-ankerite-pyrite veinlets locally with disseminated grains of visible gold.
The Delta-1 project is located in the Shebandowan Greenstone Belt and covers a 17 km strike extent of the Shebandowan Structural Zone which also hosts the low-grade – high-tonnage Moss Lake gold deposit (Goldshore Resources), 50 km to the west.
Complete drill results from the mineralized zone are shown below, including the previously released drill results from 2019 and 2021 (reported lengths are believed to be very close to true widths):
DELTA-1 Eureka Zone 2022 DRILL INTERCEPTS
DRILL HOLE NO
Easting (UTM Zone 16)
Northing (UTM Zone 16)
Azimuth
Incl.
Length (m)
FROM (m)
TO (m)
Au Grade (g/t)
CORE LENGTH (m)
D1-22-15
289776
5385624
180
-45
464.4
274.50
286.00
0.53
11.50
431.40
442.30
0.38
10.90
D1-22-16
289532
5385660
180
-40
348.0
313.30
320.50
0.35
7.20
D1-22-17
289682
5385631
180
-45
352.4
191.00
254.40
0.39
63.40
incl.
191.00
192.00
1.12
1.00
incl.
200.00
219.00
0.52
19.00
incl.
200.00
203.20
1.12
3.20
incl.
236.00
240.60
1.16
4.60
and
341.00
351.00
0.36
10.00
D1-22-18
289955
5385581
180
-45
360.0
127.30
128.50
1.19
1.20
and
212.90
214.00
1.19
1.10
and
293.00
324.00
5.92
31.00
incl.
308.10
320.00
14.80
11.90
incl.
314.00
316.20
72.95
2.20
and
358.00
360.00
1.34
2.00
D1-22-19
289371
5385484
180
-45
252.0
10.60
12.00
1.29
1.40
26.00
36.50
1.55
10.50
90.00
224.00
0.33
134.00
incl.
104.00
107.50
1.13
3.50
incl.
127.00
127.70
2.00
0.70
incl.
141.00
142.00
1.95
1.00
incl.
170.00
189.00
0.62
19.00
incl.
170.00
174.00
0.96
4.00
D1-22-20
289281
5385478
180
-45
237.0
6.00
7.00
1.73
1.00
69.00
179.00
0.32
110.00
incl.
121.00
179.00
0.37
58.00
incl.
121.00
127.00
1.39
6.00
D1-22-21
289174
5385475
189
-45
198.0
6.00
60.00
0.36
54.00
incl.
6.00
12.00
1.73
6.00
incl.
10.00
11.00
7.95
1.00
incl.
38.00
40.50
1.00
2.50
D1-22-22
289084
5385500
180
-45
204.0
53.50
59.50
2.74
6.00
incl.
56.50
58.00
9.62
1.50
D1-22-23
289184
5385563
180
-45
303.0
56.00
57.00
2.58
1.00
66.00
138.00
0.41
72.00
109.50
130.50
0.79
21.00
incl.
109.50
124.50
0.93
15.00
incl.
109.50
111.00
6.21
1.50
Total:
2718.8
DELTA-1 Eureka Zone 2019 and 2021 DRILL INTERCEPTS
DRILL HOLE NO
Easting (UTM Zone 16)
Northing (UTM Zone 16)
Azimuth
Incl.
Length (m)
FROM (m)
TO (m)
Au Grade (g/t)
CORE LENGTH (m)
D1-19-02
289720
5385359
180
-50
174.0
95.50
110.60
0.33
15.10
D1-19-03
289815
5385345
180
-50
159.0
14.00
36.10
0.72
22.10
incl.
14.00
27.80
0.84
13.80
incl.
21.00
25.50
1.26
4.50
D1-19-05
289584
5385391
180
-45
264.0
35.00
56.00
0.75
21.00
incl.
42.00
56.00
0.82
14.00
D1-21-09
289883
5385385
168
-45
105.0
6.00
105.00
0.41
99.00
incl.
6.00
39.50
0.46
33.50
incl.
73.00
91.00
1.25
18.00
incl.
73.00
74.00
10.10
1.00
D1-21-10
289486
5385450
181.2
-45
165.0
5.00
121.00
0.38
116.00
incl.
13.50
18.00
0.73
4.50
incl.
75.00
121.00
0.74
46.00
incl.
75.00
103.00
0.84
28.00
incl.
83.00
103.00
0.90
20.00
incl.
83.00
93.00
1.20
10.00
D1-21-11
289484
5385535
177.7
-45
201.0
63.00
171.00
0.37
108.00
incl.
131.00
171.00
0.65
40.00
incl.
151.00
171.00
0.96
20.00
D1-21-13
289581
5385486
174.7
-44
194.0
56.50
128.00
0.31
71.50
incl.
82.00
89.00
7.00
7.00
incl.
118.00
128.00
0.71
10.00
Total:
1262.0
Delta Resumes Drilling at Thunder Bay
The results presented herein clearly warrant an aggressive follow-up drilling program, the extent of which will be determined shortly. Meanwhile, based on the visual examination of drill hole D1-21-18 alone, and as previously announced on September 27, 2022, a drill was mobilized to complete two additional drill holes. A crew was also mobilized to the property for a mechanical trenching program to better expose the mineralized zone at surface.
Analytical Protocol and QA/QC
Chemical analyses reported in this press release were performed at SGS Canada Minerals Laboratories. Sample preparation was performed in Sudbury, Ontario. Sampling and analytical procedures are subject to a comprehensive Quality Assurance and Quality Control program that includes duplicate samples, blanks and analytical standards.
The following assaying protocol was adopted at Delta-1 in an attempt to reduce the assay variability due to nugget effect caused by visible gold:
If no visible gold is observed in the sample, an initial assay is performed by 50 g Fire Assay with ICP-OES finish at the SGS Laboratory in Burnaby, British Columbia. If the assay result exceeds 2.0 g/t gold, remaining rejects are pulverized, a 1 kg portion is screened to 106µm and analyzed by 50 g fire assay with gravimetric finish at the SGS Laboratory in Lakefield, Ontario.
If visible gold is observed in the sample, the assay is performed by Metallic Screening whereby the entire sample is pulverized, a 1 kg portion is screened to 106µm and analyzed by 50 g fire assay with gravimetric finish at the SGS Laboratory in Lakefield, Ontario.
Core logging and sampling was completed by Delta and Bayside Geoscience personnel in Thunder Bay, Ontario. NQ-size drill core was sawed in half lengthwise and half of the core was sampled and sealed in clean plastic bags before being shipped for assay. The remaining half of the core was replaced in core boxes and is stored at Delta’s core storage facilities in Chibougamau, Quebec. Standards and blanks are inserted in the sequence of samples on site as quality assurance and quality control in addition to the regular insertion of blank, duplicate, and standard samples accredited by SGS Canada Minerals Laboratories during the analytical process.
Qualified Person
Daniel Boudreau, P.Geo. Manager of Exploration of Delta Resources Limited is a Qualified Person as defined by NI-43-101 was supervisor for the drilling program and has reviewed the technical information presented in this press release.
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 Limited Delta Resources Limited 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, 57.6 km2 located 50 km west of Thunder Bay, Ontario where the Eureka gold zone has now been outlined over a strike length of 850 m. An extremely high gold-in-till anomaly and kilometre-scale gold-bearing alteration halo point to a never-tested regional structure.
DELTA-2 GOLD and DELTA-2 VMS, 194 km2 in the prolific Chibougamau District of Quebec, with a potential for hydrothermal-gold and gold-rich VMS deposits.
ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not approved nor disapproved of the information contained herein.
For Further Information:
Delta Resources Limited
Frank Candido, Chairman, VP Corporate Communications Tel : 514-969-5530 fcandido@deltaresources.ca
Cautionary Note Regarding Forward Looking Information
Some statements contained in this news release are “forward-looking information” within the meaning of Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such words and phrases (including negative or grammatical variations) or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof. Investors are cautioned that forward-looking information is inherently uncertain and involves risks, assumptions and uncertainties that could cause actual facts to differ materially. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forward-looking information contained in this press release constitutes management’s current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event.
The content published on Insidexploration.com is based on current events, historical data, company news releases, sedar filings, technical reports and information provided by the companies we work with. These publications may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The publications on Insidexploration.com are for informational and entertainment purposes only and are not a recommendation to buy or sell any security. Always do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Please be sure to read company profiles on www.SEDAR.com for important risk disclosures.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok