Delta Intercepts Visible GOLD and Expands Land Position at the DELTA-1 Property IN Thunder BAY, Ontario
DELTA INTERCEPTS VISIBLE GOLD AND EXPANDS LAND POSITION AT THE
DELTA-1 PROPERTY IN THUNDER BAY, ONTARIO
Wednesday, September 7, 2022 / Kingston, Ontario / Newsfile Corp . Delta Resources Limited
(“Delta” or “The Company”) ( TSX-V: DLTA ) (OTCBB:DTARF ) ( Frankfurt: 6G01 ) is pleased
to update its shareholders on the recently completed dr ill campaign at the Delta-1 property in
Thunder Bay, Ontario.
From May 10 to June 6, 2022, Delta completed a total of 2,719 metres of drilling in nine (9) drill
holes. A total of 1793 samples were collected for gold and sent to SGS laboratories in Sudbury,
Ontario for sample preparation and analysis.
The mineralized zone appears to have been intercepted in all drill holes, potentially extending the
gold zone to a strike length of up to 830 metres and a vertical depth of up to 250 metres. Visible
gold was observed in four (4) of the nine (9) drill holes, and rocks continue to be intensely silicified,
sericitized, and ankeritized.
All assay results from the program are pending.
Delta Expands Land Position
Delta is also pleased to announce that it has acquired the exclusive rights to buy the surface and
mining rights to a property adjacent to its Delta-1 property in Thunder Bay, Ontario . The 85-
hectare property is contiguous with the Delta-1 propert y, immediately east of the Eureka Gold
Prospect where Delta has just completed the drill program referenced previously.
Delta entered into a five-year lease agreement with the surface and mining rights landowners.
During the five-year lease period, Delta will have the exclusive right to explore the property and
to purchase a 100% interest in both the surface and min ing rights to the property. Should Delta
elect to purchase, it will pay market value times 10. D elta made a one-time cash payment of
$60,000 to the landowners. There are no work commitments nor were any shares of the company
issued. Should Delta elect to purchase the property during the five-year period, the landowners
will retain a 2% NSR royalty of which Delta can elect to buy back 1% at anytime for the sum of
$1,000,000.
With this agreement, Delta now controls an area of 57.6 square-kilometres, straddling the
Shebandowan Structural Zone in the Shebandowan Greenstone Belt.
The Delta-1 property is located in the Shebandowan Greenstone Belt and covers a 17 km strike
extent of the Shebandowan Structural Zone which also hosts the low-grade – high-tonnage Moss
Lake gold deposit, 50 km to the west.
About Delta Resources Limited
Delta Resources Limited is a Canadian mineral explora tion company focused on growing
shareholder value through the exploration of two very high-potential gold and base-metal projects
in Canada.
DELTA-1, 57.6 km 2 located 50km west of Thunder Bay, Ontario where an extremely high
gold-in-till anomaly and kilometre-scale gold-bearing alteration halo point to a never-tested
regional structure.
DELTA-2 GOLD and DELTA-2 VMS, 194 km 2 in the prolific Chibougamau District of
Quebec, with a potential for hydrothermal-gold and gold-rich VMS deposits.
ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED
Andre Tessier
President and CEO
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 C. Tessier, CEO and President
Tel: 613-328-1581
or
Frank Candido, Chairman
Vice-President Corporate Communications
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
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that forward-looking information is inherently unce rtain and involves risks, assumptions and uncertain ties that could cause
actual facts to differ materially. There can be no assurance that future developments affecting the Co mpany 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.