Delta Announces the Start of a 20,000 Metre Drill Program and Mobilizes a Second Drill Rig at the Delta-1 Property, in Thunder Bay, Ontario.
Delta Announces the Start of a 20,000 Metre Drill Program and Mobilizes a
Second Drill Rig at the Delta-1 Property, in Thunder Bay, Ontario.
June 06, 2023 / Kingston, ON / Newsfile Corp . Delta Resources Limited (“Delta” or “the
Company”) ( TSX-V:DLTA ) (OTCBB:DTARF ) ( FRANKFURT:6GO1 ) is pleased to announce the start
of a 20,000 metre drill program at the Delta-1 Gold project, 50 kilometres west of Thunder-Bay, Ontario.
Delta will be mobilizing a second drill rig to further accelerate the drill campaign.
This new drilling program is in addition to the 5,000 metre program previously announced on April 24,
2023 which is currently underway and nearing completion.
Both programs are designed to expand the current mi neralized zone along strike and at depth, while
testing property-scale targets with similar geological and geophysical signatures as the Eureka Gold
Zone.
André Tessier, President and CEO commented : “This is a very exciting time at Delta and at the
Delta-1 Property. Delta’s recent closing of a $10M bought deal financing has provided us with the
resources needed to further expand the gold zone wh ile thoroughly exploring the property at large,
where many exploration targets remain untested. We anticipate getting the initial results from our
current drilling program shortly and look forward t o the many anticipated results to come with this
accelerated program.”
About Delta Resources Limited
Delta Resources Limited is a well financed Canadian mineral exploration company focused on growing
shareholder value through the exploration of two ve ry high-potential gold and base-metal projects in
Canada.
DELTA-1 covers 59.1 square kilometres located 50 k ilometres west of Thunder Bay, Ontario where a
gold mineralized zone 1500 metres long was outlined through drilling in a multi-kilometre-scale intense
alteration halo. Best grades to date include drill intercepts of 5.92 g/t Au over 31 m, including 14.8 g/t
Au over 11.9 m, 2.06 g/t Au over 65.8 m including 4.23 g/t Au over 26.2 m, and Bonanza grades of up
to 1.6 kg/t and 697 g/t Au over 1.0m. The zone extends to surface and 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 f or gold-rich polymetallic VMS deposits as well as
hydrothermal-gold deposits. Delta targets VMS depos its 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 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. T he
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.