Delta Adds up to an Additional 3,000 metres to its current Drill Program at Delta-1 in
Delta Adds up to an Additional 3,000 metres to its current Drill Program at Delta-1 in
Thunder Bay, Ontario.
March 7, 2024 / Kingston, ON / Newsfile Corp Delta Resources Limited (“Delta” or “the Company”) ( TSX-
V:DLTA) (OTCBB:DTARF) (FRANKFURT:6GO1) is pleased to announce that it will add up to 3 ,000 additional
metres to its previously announced 5,000 metre drill campaign at the Delta-1 Project in Thunder Bay.
Initial results from the first four (4) drill holes and one (1) drill hole extension were announced on March 1, 2024
including 15.94 g/t over 10 metres. The 2024 drill campaign is ongoing with final assay results still pending.
This drilling program and Delta’s future exploration programs in 2024 are fully funded.
In 2023, Delta completed sixty (60) drill holes for a total of 19,620 metres at the Delta-1 project. This brings the total
drilling at the property to eighty -six (86) drill holes or 26,288 metres, since Delta’s 2019 acquisition of the project.
Other exploration work at the property in 2023 include d a geological mapping, prospecting and sampling program
that covered approximately ten (10) square kilometres as well as a 3D induced polarization geophysical survey and
a high-resolution drone magnetic survey.
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 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 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 d rill 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 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.
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:
Delta Resources Limited
Andre Tessier, CEO and President
Tel: 613-328-1581
or
Frank Candido, Chairman,
Tel : 514-969-5530
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 f uture 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.