The I-Zone – Delta Resources Limited (TSX-V: DLTA)
This past summer Delta embarked on an aggressive land acquisition campaign to consolidate a very large land package in the Shebandowan Greenstone Belt just outside of Thunder Bay Ontario. One of the those acquisitions and maybe the most exciting one was the I-Zone previously own by Inco Gold. This new zone has quickly become one of the companies main focuses as they start to expand their efforts to explore new areas withing the greater land package.
In this video Andre Tessier talks about the history of exploration work at the I Zone and we give you an in depth look at it. Hope you enjoy!
The I-Zone
Between 1988 and 1989, Inco Gold reported a drill intercept of 3.28 g/t Au over 14.6 metres at the I-Zone. Inco Gold also tested gold recoveries during that period with bulk cyanide tests yielding 96.2%.
From 1995 to 1997, Landore Resources followed Inco Gold’s exploration at the I-Zone and reported drill intercepts that included the following:
4.32 g/t Au over 41m
4.53 g/t Au over 14.4m
4.36 g/t Au over 20.4m
In 2008, Mengold Resources collected a 1000 kg mini bulk sample which yielded an average grade of 9.9 g/t Au with a recovery rate of 96%.
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 on a large gold inventory 50 kilometres west of Thunder Bay, Ontario, at surface and adjacent to the Trans-Canada highway. To date, the gold mineralization is defined over a strike length of 2.5 km, from surface to a vertical depth of 300 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 306 square kilometres where Delta has identified multiple corridors of intense alteration and deformation, on strike with, and to the south of the Eureka gold zone and that has yet to be thoroughly explored.
The DELTA-2 property covers 205 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.
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