DLTA.V · 2023-11-21 12:00:00

Delta further increases its gold inventory at Delta-1 with intercepts of 2.27 g/t over 10 metres and 2.20 g/t over 9 metres, in Thunder Bay, Ontario.

Drill Results

Delta further increases its gold inventory at Delta-1 with intercepts of 2.27 g/t over 10

metres and 2.20 g/t over 9 metres, in Thunder Bay, Ontario.

November 21, 2023 / Kingston, ON / Newsfile Corp. Delta Resources Limited (“Delta” or “the Company”)

(TSX-V:DLTA) (OTCBB:DTARF) (FRANKFURT:6GO1) is pleased to provide additional final assay results from

its second phase of drilling, previously announced on June 6, 2023 , at the Delta-1 Gold project located 50 km

west of Thunder Bay, Ontario.

Results from the final fifteen (15) drill holes of the second phase drill program are provided in Table 1 below .

Other results from the forty-eight (48) drill holes comprising this phase of drilling were released on September

12, 2023 and October 5, 2023.and October 23, 2023.

Highlights:

Depth Extension at Delta-1 (Figure 2):

• D1-23-72 intersected 1.49 g/t Au over 18.9 metres including 2.27 g/t Au over 10.0 metres.

o Including a three-metre interval grading 5.20 g/t Au,

o This intersection extends the Beta Zone to a vertical depth of 285 metres , 100 metres east of

drill hole D1-23-86.

• D1-23-86 intersected 0.64 g/t Au over 58.7 metres including 2.20 g/t Au over 9.0 metres

o This intersection extends the Beta Zone to a vertical depth of 240 metres 100 metres west of

drill hole D1-23-72.

o Hole D1-23-86 also intersected 9.66 g/t Au over 1.5 metres at a vertical depth of approximately

365 metres.

Increased Gold Inventory at Delta-1; Gamma Zone Near Surface Extended for 200 metres (Figure 1):

• D1-23-77 intersected 1.05 g/t Au over 11.5 metres,

• D1-23-78 intersected 0.54 g/t Au over 23.5 metres from 6.0 metres.

o These intersections extend the Gamma Zone for a surface strike length off 200 metres to date.

Drill holes D1-23-77 and 78 were drilled respectively 100 metres east and west of drill hole D1-

23-53: 1.18 g/t Au over 42.0 metres (September 12, 2023).

Eastern Extension of Gold mineralization and alteration corridor (Figure 1):

• D1-23-73 intersected 0.50 g/t Au over 6.5 metres, and

• D1-23-74 intersected 0.49 g/t Au over 15.50 metres.

• Both these drill holes are located on a section 846 metres east of hole D1-23-38: 1636 g/t Au and 697

g/t Au over 1.0 metres each (May 11, 2023), showing the potential for new mineralized zones east of

the currently defined gold zone.

• D1-23-76 is located 1.15 kilometres east of hole D1 -23-38 and intersected the alteration corridor over

a core length of 202 metres.

Western Extension of Gold mineralization (Figure 1):

• D1-23-83 intersected 0.63 g/t Au over 10.5 metres including 3.17 g/t over 1.5 metres.

• The intersection is a 275-metre step-out west of the currently defined gold zone.

New High-Grade Zones intercepted at depth showing under-ground potential (Figure 2):

• Hole D1-23-86 intersected 9.66 g/t Au over 1.5 metres at a vertical depth of approximately 365 metres.

• These high-grade gold intercepts at depth have become common at Delta-1, such as in drill holes D1-

23-67: 24.4 g/t Au over 1.5 metre s, 200 metres vertical, a nd D1-23-68: 12.5 g/t Au over 1.0 metres

and 11.2 g/t Au over 1.5 metres at 382 metres and 406 metres vertical respectively (October 23, 2023).

André Tessier, President and CEO commented : “These latest results demonstrate that the mineralization

and the broader alteration/deformation corridor are still open in all directions. With all the phase two drilling

results now in-hand, we are continuing to integrate and model all of this new geological and assay data to better

our understanding of the structural controls and geometry, as well as the geochemical and geophysical

signatures of the mineralized zone. We are looking forward to the 2024 drilling program, which we strongly

believe will benefit from the technical and targeting work currently being undertaken.”

The complete table of results from this release is shown below at Table 1:

TABLE 1: Table of new drilling results at the Delta-1 Project; November 21, 2023.

Geological Discussion

The Delta-1 project is located in the Shebandowan Greenstone Belt and covers a 1 9 km strike extent of the

Shebandowan Structural Zone. Gold mineralization at Eureka, occurs within a broad corridor of highly altered

(ankerite-calcite-silicification and albitization) rocks exhibiting highly anomalous gold values of up to 0.2 g/t gold.

Higher-grade mineralization within this corridor is associated with a stockwork of quartz -ankerite-pyrite-gold

veinlets, with increased density of these veinlets generally proportional to increased gold grade. The gold

mineralized zones have so far been intersected for a strike of approximately 2.3 kilometres, with a higher-grade

segment extending for nearly 950 metres. So far, the mineralized zone extends from surface to a vertical depth

of approximately 250 metres. Mineralization strikes approximately 100 to 120 degrees azimuth, with a dip of 75-

80 degrees north (shallower dips of 50N are observed in the western portion of the zone) . Higher-grade, wide

ore shoots are observed and appear to be plunging approximately 40 degrees towards the west, within this

structural corridor. Similar ore shoots are often observed in structurally controlled gold deposits and often occur

with a certain periodicity. The currently defined ore shoots are open at depth.

Easting Northing

D1-23-72 289926 5385044 360 -45 552 78.00 81.00 1.75 4.00

277.50 280.50 1.82 3.00

325.00 329.00 1.63 4.00

403.10 422.00 1.49 18.90

incl. 403.10 413.10 2.27 10.00

and 408.10 411.10 5.20 3.00

451.80 457.90 1.41 6.10

D1-23-73 291448 5384899 180 -45 501 41.50 48.00 0.50 6.50

73.20 74.70 1.72 1.50

D1-23-74 291448 5384899 360 -45 118 64.50 80.00 0.49 15.50

incl. 64.50 66.00 3.10 1.50

D1-23-75 291753 5384823 180 -45 342

D1-23-76 291753 5384823 360 -45 215

D1-23-77 290464 5385220 180 -40 165.0 36.00 47.50 1.05 11.50

D1-23-78 290262 5385245 180 -40 174.0 6.00 29.50 0.54 23.50

D1-23-79 290155 5385240 180 -40 156.0

D1-23-80 290041 5385283 180 -40 174.0

D1-23-81 289939 5385310 180 -40 201.0

D1-23-82 289989 5385208 0 -45 345.0 137.50 155.50 0.54 18.00

164.50 190.00 0.60 25.50

incl. 164.50 167.50 3.30 3.00

D1-23-83 288809 5385649 180 -45 468.0 163.00 173.50 0.63 10.50

incl. 164.50 166.00 3.17 1.50

D1-23-84 288811 5385405 180 -45 153.0

D1-23-85 289379 5385566 180 -62 531.0

D1-23-86 289830 5385052 0 -45 590.0 290.30 349.00 0.64 58.70

incl. 340.00 349.00 2.20 9.00

514.50 516.00 9.66 1.50

NSR

(m)

Au Grade

(g/t)

CORE

LENGTH

DRILL

HOLE NO

UTM Coordinates Zone 16 Azimuth Incl. Length

(m)

FROM

(m)

The Next Steps

Delta has paused drilling in early October 2023 to analyze and further interpret the very large amount of

geological, structural, and geochemical data accumulated since the beginning of this phase of drilling. Delta

completed a 37-line kilometre 3D Induced Polarization survey covering 282 hectares, to better characterize the

known mineralized zone and explore the extensions of the gold -bearing structure. Delta also completed a

televiewer probing survey on fourteen (14) strategically located drill holes to collect valuable structural

information on possible fault and vein orientations. Compilation of geological and geochemical data is also

underway. This multidisciplinary approach will be used to help vector towards new mineralized zones within the

gold-bearing structure. Delta will resume its drill campaign shortly after this work is completed, likely in January

2024.

Analytical Protocol and QA/QC

Chemical analyses reported in this press release were performed at AGAT Laboratories. AGAT Laboratories is

accredited to ISO 17025 by the Standards Council of Canada (SCC). Sample preparation was performed in

Thunder Bay, 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 to reduce the assay variability due to nugget effect

caused by visible gold:

• If visible gold is observed in the sample or within the assumed mineralized zone, the assay is performed 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 AGAT Laboratory in Thunder Bay,

Ontario.

• If no visible gold is observed or outside of the mineralized zones, an initial assay is performed by 50 g Fire

Assay with ICP-OES finish at the AGAT Laboratory in Thunder Bay, Ontario. 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 gravimetric finish at the AGAT Laboratory in Thunder Bay, Ontario.

NQ-size drill core was sawed in half lengthwise and half of the core was sampled and sealed in clean plastic

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

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 Resources 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.

Other news

Delta Resources Limited has entered into a sponsorship agreement with RocksAndStocksNews.

RocksAndStocksNews (“R&S”) is a private entity owned and operated by Allan Laboucan. He is based in Mexico

where operates an online portal for precious metals and min ing stocks. It provides distribution of Delta’s news

releases along with comments and/or opinions on its YouTube Channel. It has a 6 month contract for a total of

C$12,000 that expires on April 30, 2024 that was paid in full upon at the beginning of the co ntract. It will not

receive shares or options as compensation. At the time of the agreement, R&S and the Company are unrelated

and unaffiliated entities. No buying or selling recommendations are made, no price projections on Delta are

given and nor do they give any financial advice. The owner of R&S is currently a shareholder of Delta, and at

there sole discretion may purchase additional securities and or sell these securities for investment purposes.

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 194 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.

Figure 1: Map of the Delta-1 Gold Zone, showing the new assay results from this press release. The map also shows the alteration corridor

that is hosting the gold mineralization and the East Extension of the mineralized zone. This alteration corridor is defined over approximately

five kilometres of strike length at Delta-1. Additional drilling will be testing for the presence of high-grade gold shoots within this corridor.

Figure 2: 3D model of the Delta -1 Gold Zone oriented as a l ongitudinal section, looking north. The illustration shows the location of drill

holes D1-23-72 and D1 -23-86 and high-grade intercepts at depth in drill holes D1 -23-67, 68, 72 and 86 . Noth the eastern and western

extensions are not shown.