Delta Continues to Intersect Wide Zones of Gold Mineralization Near Surface Including 1.29 g/t Gold over 97.0 metres and 0.55 g/t Gold over 238.5 metres at Delta-1 in Thunder Bay, Ontario.
Delta Continues to Intersect Wide Zones of Gold Mineralization Near Surface Including
1.29 g/t Gold over 97.0 metres and 0.55 g/t Gold over 238.5 metres at
Delta-1 in Thunder Bay, Ontario.
April 20, 2023 / Kingston, ON / Newsfile Corp . Delta Resources Limited (“Delta” or “the Company”) ( TSX-
V:DLTA )(OTCBB:DTARF ) ( FRANKFURT:6GO1 ) is pleased to provide assay results from two additional drill holes
D1-23-31 and D1-23-32 from its 2023-Phase 1 drill p rogram at the Delta-1 gold project located 50 km we st of
Thunder-Bay, Ontario.
Assays from the new drill holes are as follows (see also Table 2 and Figures 1 to 3):
`
Table 1: Assay results from drill holes D1-23-31 and D1-23-32. Reported grades are uncut. True widths are believed to be 60% to 87% of
reported lengths depending on the inclination of drill holes.
André Tessier, President and CEO commented :“These latest Delta 1 results contain economic widths and grade
of gold mineralization in a very strong, pervasive and expansive alteration zone. Delta is slowly defining a very large
mineralized system. As our understanding of the mineralized zone improves, our chances of finding similar zones
elsewhere at the Delta-1 project also improve. We believe that we have barely scratched the surface of this exciting
project.”
Holes D1-23-31 and D1-23-32 were drilled on the same drill-pad and define a North-South section, 100 metres east
of an intercept of 4.23 g/t Au over 26.2 metres from drill hole D1-23-30 reported on April 12, 2023 and 300 metres
from an intercept of 5.92 g/t Au over 31.0 metres in drill hole D1-22-18 reported on October 15, 2022 (see figures
1 and 2). Both drill holes D1-23-31 and D1-23-32 in tercepted wide zones of near-surface gold mineraliz ation in
intensely altered rocks.
Through 3D modeling and with Delta’s 2023-Phase 1 drill results to date, the geometry of the gold mineralized zone
appears to emerge as three (3) distinct zones of hi gher-grade mineralization within an envelope of low er-grade
material. From north to south, the zones were labelled: “Alpha, Beta and Gamma” (see Figures 1 to 3 and Tables
1 and 2). The Beta Zone is the most important so f ar, but each zone may pinch and swell, sometimes converging
into very wide zones. Each of these gold zones have the potential to expand or host high-grade mineralization. The
Gamma Zone has never been tested near surface while some drill holes have collared into the Alpha Zone.
At the end of March 2023, Delta completed 13 drill holes for a total of 3,506 metres at the Delta-1 project. The drilling
tested a 600 metres extension of the gold zone towards the east, extending the total strike length of the mineralized
zone to 1.5 kilometres. Assays are pending from five (5) of these drill holes to the east and results will be reported
as they are received and interpreted. Delta is currently planning an additional 5000 metre drill campaign and expects
to announce a resumption of drilling shortly.
The mineralized zone trends roughly 100° azimuth, dips 80° towards the north, and has now been intersected over
a strike length of approximately 1.5 kilometres to a vertical depth of approximately 220 metres. Towar ds the east,
as gold grades increase, the zone appears to turn t o an azimuth of 115° azimuth. This change in the or ientation of
the mineralized zone may be responsible for the improved gold grades and widths of the mineralized zone.
The gold mineralization is generally located at the contact between sandstones to the north and mafic volcanics to
the south, spatially associated with feldspar porph yry intrusive dikes that crosscut both rock types. All three rock
types are mineralized and altered. Kilometre-scale, texture destructive alteration consists of intense ankeritization,
albitization, silicification and sericitization. Gold mineralization consists of a network of multiple generations of quartz-
ankerite-pyrite veinlets locally with disseminated grains of visible gold.
The Delta-1 project is located in the Shebandowan G reenstone Belt and covers a 17 km strike extent of the
Shebandowan Structural Zone.
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 Delt a-1 in an attempt to reduce the assay variability d ue to nugget
effect caused by visible gold:
If visible gold is observed in the sample or withi n the assumed mineralized zone, the assay is perfor med by
Metallic Screening whereby the entire sample is crushed, a 1 kg portion is pulverized and screened to 106µm
and analyzed by 50 g fire assay with gravimetric finish at the SGS Laboratory in Lakefield, Ontario.
If no visible gold is observed or outside of the m ineralized zones, an initial assay is performed by 50 g Fire
Assay with ICP-OES finish at the SGS Laboratory in Burnaby, British Columbia. If the assay result exce eds
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 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 qual ity assurance
and quality control in addition to the regular insertion of blank, dupl icate, and standard samples accredited by SGS
Canada Minerals Laboratories during the analytical process .
Qualified Persons
Daniel Boudreau, P.Geo. and Manager of Exploration at Delta Resources Limited, is the Qualified Person s as
defined by NI-43-101. He has reviewed the technical information presented in this press release.
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 throu gh drilling in a multi-kilometre-scale intense alte ration
halo. Best grades to date include a drill intercep t 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.
Figure 1: Vertical longitudinal section looking north 010° of the eastern portion of the Delta-1 Gold Zone showing piercing points of drill holes with grades
and metal factors. The section shows the metal factors increasing towards the east and at depth, as defined by drill holes D1-22-18, 24, 25 and D1-23-32.
Figure 2: Total magnetic map showing the projected gold-mineralized zones at Delta-1. Assay results are pending for five drill holes to the east.
Figure 3: Vertical cross-section of the Delta-1 Gold Zone looking east, showing the newly interpreted Alpha, Beta and Gamma Zones
Easting Northing
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 45 428 309.00 317.00 6.49 10.00
incl. 309.00 310.00 30.66 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 1.2 20.00
382.90 401.00 1.66 18.10
incl. 399.50 401.00 16.42 1.50
D12326 289947 5385383 180 58 300 8.70 138.50 0.37 129.80
D12327 290050 5385390 180 40 270 16.80 110.00 0.45 93.20
incl. 16.80 77.00 0.54 60.20
D12328 290050 5385390 180 68 300 44.90 62.00 0.63 17.10
105.00 117.60 1.91 12.60
incl. 105.00 113.60 2.46 8.60
D12329 290150 5385360 180 40 231 79.00 85.00 2.29 6.00
85.00 93.90
93.90 99.00 1.37 5.10
D12330 290150 5385360 180 65 303 73.20 236.00 0.97 162.80
51.20 59.10 0.62 7.90
73.20 139.00 2.06 65.80
incl. 76.00 102.20 4.23 26.20
incl. 79.00 80.10 49.91 1.10
217.00 236.00 0.74 19.00
D12331 290254 5385377 180 40 247.5 36.00 133.00 1.29 97.00
36.00 45.50 1.04 9.50
58.00 133.00 1.54 75.00
incl. 93.50 94.40 36.59 0.90
incl. 124.10 125.00 46.81 0.90
198.00 204.00 0.79 6.00
D12332 290254 5385377 180 65 303 42.30 280.50 0.55 238.20
42.30 176.00 0.61 133.70
incl. 54.00 76.50 1.25 22.50
243.50 280.50 1.15 37.00
incl. 271.50 280.50 2.62 9.00
D12333 290363 5385355 180 40 261
D12334 290363 5385355 180 70 144.3
D12335 290464 5385361 180 40 258
D12336 290464 5385361 180 65 354
D12337 289883 5385385 180 70 312
D12338 290600 5385200 180 45 222.5
D12339 290600 5385200 180 70 350
Pending
Pending
Planned
Results previously released for drill holes D12218 to D12330.
Beta Zone
Pending
Pending
Pending
Pending
Late Diabase Dike
TABLE 2: DELTA1 2023 DRILL INTERCEPTS TO DATE
DRILL HOLE
NO
UTM Coordinates Zone 16 Azimuth Incl. Length
(m)
FROM
(m)
TO
(m)
Au Grade
(g/t)
CORE
LENGTH (m)
Gamma Zone
Alpha Zone
Beta Zone
Gamma Zone
Alpha Zone
Beta Zone
Gamma Zone
Alpha & Beta Zones
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 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 under take to update any
estimate at any particular time or in response to any particular event.