Delta Announces Improved Gold Intercept of 6.49 g/t over 10 metres and Identifies Geophysical Signature Further Extending the Eureka Gold Zone for a Minimum of Two Kilometres to the East in Thunder Bay, Ontario.
Delta Announces Improved Gold Intercept of 6.49 g/t over 10 metres and Identifies
Geophysical Signature Further Extending the Eureka Gold Zone for a Minimum of Two
Kilometres to the East in Thunder Bay, Ontario.
March 21, 2023 / Kingston, ON / Newsfile Corp . Delta Resources Limited (“Delta” or “the Company”) ( TSX-
V:DLTA ) (OTCBB:DTARF ) ( FRANKFURT:6GO1 ) is pleased to provide an updated gold intercept in drill hole D1-
22-24 and a newly revised interpretation of the Delta-1 Gold project located 50 km west of Thunder-Bay, Ontario.
Improved Gold Intercept of drill hole D1-22-24:
On February 9, 2023 , Delta had announced a gold intercept of 5.32 g/t over 8.0 metres on drill hole D1-22-24.
Additional metallic sieve analyses of the mineraliz ed zone have now increased the gold intercept to 6.49 g/t gold
over 10.0 metres with an additional one metre sample returning 22.22 g/t gold (see Table 1).
New Geophysical and Geological Interpretation:
As Delta continues its current drill campaign at De lta-1, new structural and geophysical insights on t he Eureka
mineralized zone have emerged that significantly enlarge the potential area for gold on the property.
As previously reported in a press release dated February 9, 2023 , high-grade drill intercepts from drill holes D1-22-
18, D1-22-24 and D1-22-25 (see Table 1 for previously released significant results) suggest that higher-grade gold
occurs towards the east and at depth. From these most recent drill holes, the following conclusions can be drawn:
1. The Eureka Gold Zone appears to be associated with the core of a magnetic-low anomaly (see Figure 1).
The newly identified geophysical signature extends over a minimum of two kilometres east of drill holes D1-
22-18, D1-22-24 and D1-22-25, where high-grade gold was intersected. The projection of the mineralized
zone has never been drill-tested in the area and occurs entirely on Delta’s properties.
2. In the western portion of the Eureka Gold Zone, the mineralization trends generally 090 to 100 degrees
azimuth and dips approximately 50 degrees towards the North. In the eastern portion of the Eureka Gold
Zone, the trend of the mineralization turns to 115 degrees azimuth (see Figure 1) and dips 80 degrees
towards the north (see Figure 2). This flexure in the structural zone may be responsible for the high er
grades of gold encountered in the recent drill holes.
3. In the western portion of the Eureka Gold Zone, min eralization is hosted in intensely altered sandston es
near their contact with ultramafic flows to the south. Meanwhile, in the eastern portion of the Eureka Gold
Zone, gold mineralization is hosted within intensel y altered and brecciated mafic to intermediate volc anic
rock near their contact with altered sandstones to the north. The change of host rock may also contrib ute
to the higher-grade gold encountered in the eastern portion of the mineralized zone. Furthermore, the
sandstone-volcanic contact has never been tested in the western portion of the gold zone.
TABLE 1: Significant results from drill holes D1-22-18, D1-22-24 and D1-22-25
Table 1: Table of results from Drill holes D1-22-18 , D1-22-24 and D1-22-25, the easternmost drill hole s of the Eureka Gold Zone at the
Delta-1 Property, 50 kilometres west of Thunder Bay, Ontario. Results show the new gold intercept of drill hole D1-22-24.
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)
D12218 289955 5385581 180 45 453 293.00 324.00 5.92 31.00
incl. 308.10 320.00 14.80 11.90
incl. 314.00 316.20 72.95 2.20
D12224 290005 5385581 180 45 428 309.00 319.00 6.49 10.00
incl. 309.00 310.00 30.66 1.00
incl. 318.00 319.00 22.22 1.00
D12225 290052 5385573 180 45 453 229.00 234.00 2.34 5.00
301.50 302.50 130.00 1.00
321.00 341.00 1.20 20.00
incl. 337.00 341.00 3.42 4.00
382.90 401.00 1.66 18.10
incl. 399.50 401.00 16.42 1.50
The interpretations and possible implications of these new observations are as follows:
1. The high-grade mineralized zone can be projected to the east from its geophysical signature for ove r two
kilometres onto Delta-controlled properties. This area is now considered a top priority as it has never been
drill-tested.
2. As the dip of the zone becomes steeper, the mine ralized zone is expected to project down-dip onto D elta-
controlled ground to great depth.
3. The sandstone-mafic volcanic contact, where high -grade gold mineralization is encountered in the eastern
portion of the mineralized zone, has never been tho roughly tested in the western portion of the gold z one
since gold intercepts occurred in sandstone and hol es were stopped prior to the mafic volcanic contact .
Furthermore, the contact was never tested at depths below 200 metres vertical, where high-grade gold was
intercepted in the east. This has also now become a top-priority target opening a potential 1.2 kilom etres
of strike length south of Delta’s 2019 to 2022 drill holes.
André Tessier, President and CEO commented : “With each drilling program at Delta-1, we are gaini ng a
better knowledge of the mineralized zone with gold-grade intercepts also improving. This is truly a very exciting
project for Delta and the new interpretations provided in this release are just getting the team even more excited.
Delta is now drilling to test the eastern extension of the zone and we are waiting for the results of our first holes
with great anticipation.”
Figure 2: Magnetic map of the Eureka Gold Zone and its projected extensions. The projected zone is characterized by a magnetic low (in
blue). The geophysical signature of the zone suggests that it turns at 115 degrees azimuth and extends towards the east for a minimum strike
length of two kilometres. The inflection in the structure may be responsible for the higher-grade gold mineralization in the area.
Figure 2: Vertical cross-section of drill holes D1-21-19 and D1-22-18 looking east. The section shows the mineralized
zone to be dipping steeply at 80 degrees towards the north, in the eastern portion of the Eureka Gold Zone.
DELTA-1 DRILLING UPDATE
Delta has now completed 13 drill holes (D1-23-26 to D1-23-38) for a total of 3,505 metres from its pre viously
announced on January 2023 drill program, testing th e 3D modelled eastern extension of the Eureka Gold Zone.
Unfortunately, continued cold weather in the area has forced the drilling program to be temporarily suspended due
to a lack of water availability, which is required to operate the drill. This issue is expected to be resolved shortly and
Delta will update its shareholders when drilling re sumes at Delta-1 with an expanded drill program. Pr eliminary
observations on the initial 2023 drill holes were r eleased on March 1, 2023 , but all assay results are still pending.
Initial assay results are expected within a few weeks.
Analytical Protocol and QA/QC
Chemical analyses reported in this press release we re performed at SGS Canada Minerals Laboratories. S ample
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 i nitial assay is performed by 50 g Fire Assay with I CP-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 gravi metric
finish at the SGS Laboratory in Lakefield, Ontario.
If visible gold is observed in the sample, the ass ay is performed by Metallic Screening whereby the a 1 kg
sample is pulverized, screened to 106µm and analyze d by 50 g fire assay with gravimetric finish at the SGS
Laboratory in Lakefield, Ontario.
NQ-size drill core was sawed in half lengthwise and half of the core was sampled and sealed in clean p lastic 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
Andre Tessier, P.Eng and P.Geo, President and CEO of Delta, and Daniel Boudreau, P.Geo. Manager of Exploration
of Delta Resources Limited are the Qualified Person s as defined by NI-43-101. Both have reviewed the t echnical
information presented in this press release.
Acknowledgement
Delta Resources would like to acknowledge the finan cial support provided by the Ontario Government via the
Ontario Junior Exploration Program (“OJEP”) in 2022-23. 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 covers 58.3 square kilometres located 50 k ilometres west of Thunder Bay, Ontario where a gold
mineralized zone 950 metres long was outlined through drilling in a multi-kilometre-scale intense alteration
halo. Best grades to date include a drill intercept of 14.8 g/t Au over 11.9 metres, within a broader interval
of 5.92 g/t Au over 31 m. The zone is open in all directions.
DELTA-2 VMS and DELTA-2 GOLD covers 194 square kil ometres 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
Frank Candido, Chairman, VP Corporate Communications
Tel : 514-969-5530
or
Andre Tessier, CEO and President
Tel: 613-328-1581
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 terminolo gy such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such
words and phrases (including negative or grammatica l variations) or statements that certain actions, e vents 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 assuran ce that future developments affecting the Company w ill be those anticipated
by management. The forward-looking information cont ained 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 under take to update any
estimate at any particular time or in response to any particular event.