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Kingston, Ontario – November 21, 2023 – Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1) (“Delta” or “the Company”) is pleased to provide additional final assay results from its second phase of drilling, previously announced on June 6, 2023, at the Delta-1 Gold project located 50 km west of Thunder Bay, Ontario.
Results from the final fifteen (15) drill holes of the second phase drill program are provided in Table 1 below. Other results from the forty-eight (48) drill holes comprising this phase of drilling were released on September 12, 2023 and October 5, 2023.and October 23, 2023.
Highlights:
Depth Extension at Delta-1 (Figure 2):
Increased Gold Inventory at Delta-1; Gamma Zone Near Surface Extended for 200 metres (Figure 1):
Eastern Extension of Gold mineralization and alteration corridor (Figure 1):
Western Extension of Gold mineralization (Figure 1):
New High-Grade Zones intercepted at depth showing under-ground potential (Figure 2):
André Tessier, President and CEO commented: “These latest results demonstrate that the mineralization and the broader alteration/deformation corridor are still open in all directions. With all the phase two drilling results now in-hand, we are continuing to integrate and model all of this new geological and assay data to better our understanding of the structural controls and geometry, as well as the geochemical and geophysical signatures of the mineralized zone. We are looking forward to the 2024 drilling program, which we strongly believe will benefit from the technical and targeting work currently being undertaken.”
The complete table of results from this release is shown below at Table 1:
TABLE 1: Table of new drilling results at the Delta-1 Project; November 21, 2023.
| DRILL HOLE NO | UTM Coordinates Zone 16 | Azimuth | Incl. | Length (m) | FROM (m) | TO (m) | Au Grade (g/t) | CORE LENGTH (m) | |
| Easting | Northing | ||||||||
| D1-23-72 | 289926 | 5385044 | 360 | -45 | 552 | 78.00 | 81.00 | 1.75 | 4.00 |
| 277.50 | 280.50 | 1.82 | 3.00 | ||||||
| 325.00 | 329.00 | 1.63 | 4.00 | ||||||
| 403.10 | 422.00 | 1.49 | 18.90 | ||||||
| incl. | 403.10 | 413.10 | 2.27 | 10.00 | |||||
| and | 408.10 | 411.10 | 5.20 | 3.00 | |||||
| 451.80 | 457.90 | 1.41 | 6.10 | ||||||
| D1-23-73 | 291448 | 5384899 | 180 | -45 | 501 | 41.50 | 48.00 | 0.50 | 6.50 |
| 73.20 | 74.70 | 1.72 | 1.50 | ||||||
| D1-23-74 | 291448 | 5384899 | 360 | -45 | 118 | 64.50 | 80.00 | 0.49 | 15.50 |
| incl. | 64.50 | 66.00 | 3.10 | 1.50 | |||||
| D1-23-75 | 291753 | 5384823 | 180 | -45 | 342 | NSR | |||
| D1-23-76 | 291753 | 5384823 | 360 | -45 | 215 | NSR | |||
| D1-23-77 | 290464 | 5385220 | 180 | -40 | 165.0 | 36.00 | 47.50 | 1.05 | 11.50 |
| D1-23-78 | 290262 | 5385245 | 180 | -40 | 174.0 | 6.00 | 29.50 | 0.54 | 23.50 |
| D1-23-79 | 290155 | 5385240 | 180 | -40 | 156.0 | NSR | |||
| D1-23-80 | 290041 | 5385283 | 180 | -40 | 174.0 | NSR | |||
| D1-23-81 | 289939 | 5385310 | 180 | -40 | 201.0 | NSR | |||
| D1-23-82 | 289989 | 5385208 | 0 | -45 | 345.0 | 137.50 | 155.50 | 0.54 | 18.00 |
| 164.50 | 190.00 | 0.60 | 25.50 | ||||||
| incl. | 164.50 | 167.50 | 3.30 | 3.00 | |||||
| D1-23-83 | 288809 | 5385649 | 180 | -45 | 468.0 | 163.00 | 173.50 | 0.63 | 10.50 |
| incl. | 164.50 | 166.00 | 3.17 | 1.50 | |||||
| D1-23-84 | 288811 | 5385405 | 180 | -45 | 153.0 | NSR | |||
| D1-23-85 | 289379 | 5385566 | 180 | -62 | 531.0 | NSR | |||
| D1-23-86 | 289830 | 5385052 | 0 | -45 | 590.0 | 290.30 | 349.00 | 0.64 | 58.70 |
| incl. | 340.00 | 349.00 | 2.20 | 9.00 | |||||
| 514.50 | 516.00 | 9.66 | 1.50 | ||||||
Geological Discussion
The Delta-1 project is located in the Shebandowan Greenstone Belt and covers a 19 km strike extent of the Shebandowan Structural Zone. Gold mineralization at Eureka, occurs within a broad corridor of highly altered (ankerite-calcite-silicification and albitization) rocks exhibiting highly anomalous gold values of up to 0.2 g/t gold. Higher-grade mineralization within this corridor is associated with a stockwork of quartz-ankerite-pyrite-gold veinlets, with increased density of these veinlets generally proportional to increased gold grade. The gold mineralized zones have so far been intersected for a strike of approximately 2.3 kilometres, with a higher-grade segment extending for nearly 950 metres. So far, the mineralized zone extends from surface to a vertical depth of approximately 250 metres. Mineralization strikes approximately 100 to 120 degrees azimuth, with a dip of 75-80 degrees north (shallower dips of 50N are observed in the western portion of the zone). Higher-grade, wide ore shoots are observed and appear to be plunging approximately 40 degrees towards the west, within this structural corridor. Similar ore shoots are often observed in structurally controlled gold deposits and often occur with a certain periodicity. The currently defined ore shoots are open at depth.
The Next Steps
Delta has paused drilling in early October 2023 to analyze and further interpret the very large amount of geological, structural, and geochemical data accumulated since the beginning of this phase of drilling. Delta completed a 37-line kilometre 3D Induced Polarization survey covering 282 hectares, to better characterize the known mineralized zone and explore the extensions of the gold-bearing structure. Delta also completed a televiewer probing survey on fourteen (14) strategically located drill holes to collect valuable structural information on possible fault and vein orientations. Compilation of geological and geochemical data is also underway. This multidisciplinary approach will be used to help vector towards new mineralized zones within the gold-bearing structure. Delta will resume its drill campaign shortly after this work is completed, likely in January 2024.
Analytical Protocol and QA/QC
Chemical analyses reported in this press release were performed at AGAT Laboratories. AGAT Laboratories is accredited to ISO 17025 by the Standards Council of Canada (SCC). Sample preparation was performed in Thunder Bay, 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 to reduce the assay variability due to nugget effect caused by visible gold:
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. 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 Persons
Daniel Boudreau, P.Geo. and Manager of Exploration at Delta Resources Limited, is the Qualified Persons as defined by NI-43-101. He has supervised the drilling program in the field and 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.
Other news
Delta Resources Limited has entered into a sponsorship agreement with RocksAndStocksNews. RocksAndStocksNews (“R&S”) is a private entity owned and operated by Allan Laboucan. He is based in Mexico where operates an online portal for precious metals and mining stocks. It provides distribution of Delta’s news releases along with comments and/or opinions on its YouTube Channel. It has a 6 month contract for a total of C$12,000 that expires on April 30, 2024 that was paid in full upon at the beginning of the contract. It will not receive shares or options as compensation. At the time of the agreement, R&S and the Company are unrelated and unaffiliated entities. No buying or selling recommendations are made, no price projections on Delta are given and nor do they give any financial advice. The owner of R&S is currently a shareholder of Delta, and at there sole discretion may purchase additional securities and or sell these securities for investment purposes.
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 is Delta’s flagship project, where the Company is building gold ounces 50 kilometres west of Thunder Bay, Ontario, at surface and adjacent to the Trans-Canada highway. To date, the gold mineralization is defined over 1.8 km from surface to a vertical depth of 250 m. Highlights include drill intercepts such as 5.92 g/t Au over 31 m (incl. 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 5 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 VMS deposits as well as hydrothermal-gold deposits. Delta targets VMS deposits such as the LeMoine past producer where 0.76 Mt were mined between 1975 and 1983, grading 9.6% Zn, 4.2% Cu, 4.5 g/t Au and 84 g/t Ag.
Figure 1: Map of the Delta-1 Gold Zone, showing the new assay results from this press release. The map also shows the alteration corridor that is hosting the gold mineralization and the East Extension of the mineralized zone. This alteration corridor is defined over approximately five kilometres of strike length at Delta-1. Additional drilling will be testing for the presence of high-grade gold shoots within this corridor.
Figure 2: 3D model of the Delta-1 Gold Zone oriented as a longitudinal section, looking north. The illustration shows the location of drill holes D1-23-72 and D1-23-86 and high-grade intercepts at depth in drill holes D1-23-67, 68, 72 and 86. Noth the eastern and western extensions are not shown.
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 is Delta’s flagship project, where the Company is building gold ounces 50 kilometres west of Thunder Bay, Ontario, at surface and adjacent to the Trans-Canada highway. To date, the gold mineralization is defined over 1.8 km from surface to a vertical depth of 250 m. Highlights include drill intercepts such as 5.92 g/t Au over 31 m (incl. 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 5 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 VMS deposits as well as hydrothermal-gold deposits. Delta targets VMS deposits such as the LeMoine past producer where 0.76 Mt were mined between 1975 and 1983, grading 9.6% Zn, 4.2% Cu, 4.5 g/t Au and 84 g/t Ag.
ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.
Andre C. Tessier
President, CEO and Director
www.deltaresources.ca
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:
Contact Delta Resources Limited
Frank Candido, Chairman
Tel: 514-969-5530
fcandido@deltaresources.ca
or
Andre Tessier, President and CEO
Tel: 613-328-1581
atessier@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.
Source: Delta Resources
