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Insidexploration

Delta Resources Begins Drilling in Thunder Bay, Ontario and Selected to Receive $200,000 Grant from The Ontario Junior Exploration Program (“OJEP”)

by MikeyMike426
May 11, 2022
in DLTA, DLTA News, News Room
0
Delta Resources Begins Drilling in Thunder Bay, Ontario and Selected to Receive $200,000 Grant from The Ontario Junior Exploration Program (“OJEP”)

Kingston, Ontario–(May 11, 2022) – Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6G01) (“Delta” or “The Company”) is pleased to announce that drilling has begun on its Delta-1 Gold property in Thunder Bay, Ontario 50 kilometres west of Thunder Bay, Ontario. The initial drill campaign includes 10 holes for approximately 3,000 metres.

Delta has outlined a gold zone over 450 metres long and 20 metres wide, extending from surface to 150 metres vertical. The zone is open in all directions. The zone grades approximately 1 g/t Au and is located at the core of a gold halo grading 0.2-0.4 g/t Au over 100-150m in width. The zone is currently outlined with only 1,680 metres of drilling to date and the current drill campaign is to extend the mineralized zone for another 300 metres on strike and up to a depth of 250 metres.

The Delta-1 property is located in the Shebandowan Greenstone Belt and covers a 17km strike extent of the Shebandowan Structural Zone which also hosts the low-grade – high-tonnage Moss Lake gold deposit, 50 km to the west.

Thunder Bay Exploration is Heating Up

White Metal Resources Corp. recently announced on May 2, 2022 that it had intersected 466.5 metres averaging 0.51 g/t Au which also included 267m of 0.71g/t Au at Tower Mountain 10 kms southeast of the Delta-1 Property.

Better known and much further advanced in its exploration campaign is Goldshore Resources which recently announced on May 5, 2022 that it had intersected 128.3 metres grading 1.1 g/t Au from the Moss Lake Deposit with an additional parallel zone 5.31 g/t Au over 16.0 metres with visible gold. Moss Lake is located 50 kms west of the Delta-1 Property, on the same structure.

Delta to Receive $200,000 Grant from OJEP

Delta is also pleased to announce that it was selected to receive a $200,000 grant from The Ontario Junior Exploration Program (“OJEP”) to further advance its Delta-1 Gold Property in Thunder Bay, Ontario. OJEP helps junior mining companies finance early exploration projects. These projects help boost mineral exploration, growth and job creation in the province, particularly in northern and Indigenous communities. Delta was one of 18 companies selected by OJEP to receive this grant. To learn more about the program, please visit OJEP at the following link; https://www.ontario.ca/page/ontario-junior-exploration-program#section-3.

Delta-2 VMS Property in Chibougamau, Quebec

Delta recently completed approximately 7,574 metres of drilling in 36 holes. All assay have been sent to the lab and results are currenly pending. Delta will report the results from the lab once they have been received and compiled. The Delta-2 VMS project is 35 kilometres southeast of Chibougamau, Quebec. Additional gravity and VTEM geophysical surveys are also planned to cover the newly acquired Dollier-Cartier property which is contiguous to the Delta-2 VMS claims.

Delta to Attend the Vancouver Resource Investment Conference (“VRIC”)

Delta is also pleased to announce that Mr. Frank Candido, Chairman and Vice President of Corporate Communications at Delta will be in attendance at the Vancouver Resource Investment Conference on May 17 and 18, 2022. Delta will have a booth and the conference and invites all its shareholders, stakeholders and interested parties to drop by booth #1029 and learn more about its 2 exciting projects in Quebec and Ontario, Canada. To learn more about VRIC, please visit https://cambridgehouse.com/vancouver-resource-investment-conference.

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, 45 km2 located 50km west of Thunder Bay, Ontario where 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.

Frank Candido
Chairman
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:

Delta Resources Limited

Andre C. Tessier, CEO and President
Tel: 613-328-1581
atessier@deltaresources.ca

or

Frank Candido, Chairman
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. Forward-looking information include, but are not limited to, statements regarding the use of proceeds of the non-brokered private placement and payment of the debt settlements. 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.

Tags: Andre TessierDelta ResourcesExplorationFrank CandidoGoldInvestingminingThunder BayTSXV: DLTA
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MikeyMike426

MikeyMike426

I am a 3rd generation miner who was born and raised in the silver capital of Canada, Cobalt, Ontario. For the last 10 years I have been invested in the mining sector and as a retail investor found it difficult gathering information on companies of interest. For this reason we created Insidexploration.com as a means to share our due diligence with investors all around the world. Disclosure The thoughts and opinions expressed in my articles and research reports are my own and do not represent those of the companies I write about. I often buy and sell the stocks I write about and may do so at any point in time without warning. Disclaimer My articles and research reports should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided is derived from sources believed to be accurate, but cannot be guaranteed. I do not take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. I am not a registered financial advisors and one should always do your own due diligence and consult a licensed investment adviser prior to making any investment decisions. Always reference www.SEDAR.com for important risk disclosures.

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Currently we have 2 porphyry systems identified by @GoldspotD at the #ReyLake & #LuckyMike areas which need further drilling. In addition, we now have over 20 target areas to focus on, giving the 120km² Project potential to host a cluster of deposits.

https://arcpacific.ca/news-releases/goldspot-identifies-24-targets-and-confirms-presence-of-porphyry-system-at-lmsl-copper-gold-molybdenum-silver-project/

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While expanding the roads to access higher up the mountain, @ResourcesWalker $WRR exposed a 1000 foot wide section of alteration they now call the cut. What's cool is that this system can be traced from the mill up to 8,500 feet!

Check it out!

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Lots of drill results coming for @DeltaResLimited $DLTA from Delta 2 projects this year!

Stay tuned for the first 36 holes in the coming weeks!

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Are you familiar with The Hope Brook #Gold Project in #NewFoundland currently being expanded by @BigRidgeBRAU $BRAU?

If not, you should take some time to review our detailed case study on the project!

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The Hope Brook Gold Project – Big Ridge Gold Corp. (TSX.V – BRAU)

Introduction Big Ridge Gold recently entered into an earn-in Agreement with First Mining Gold Corp. on the Hope Brook Gold

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