Delta Intersects 1.37 g/t Au over 38.5 metres including 4.82 g/t Au over 8.6 metres at Delta-1 in Thunder Bay, Ontario.
Delta Intersects 1.37 g/t Au over 38.5 metres including 4.82 g/t Au over 8.6 metres
at Delta-1 in Thunder Bay, Ontario.
October 05, 2023 / Kingston, ON / Newsfile Corp. Delta Resources Limited (“Delta” or “the Company”)
(TSX-V:DLTA) (OTCBB:DTARF) (FRANKFURT:6GO1) is pleased to provide additional assay results from its
second phase of drilling announced on June 6, 2023 at the Delta-1 Gold project located 50 km west of Thunder
Bay, Ontario.
Results of five (5) additional drill holes are provided in Table 1 below, following the release of twenty-three (23)
drill holes on September 12, 2023.
So far in 2023, Delta has completed 60 drill holes (D1-23-26 to D1-23-86) for a total of 19,620 metres. Assay
results for twenty (20) drill holes are still pending.
Interpretation of Results:
• Drill holes D1-23-64 and D1 -23-65 were drilled in gaps within the previously interpreted grade shells
shown at Figure 2. Results show continuity within the mineralized zone and the higher grades will help
to increase the average grade of the overall gold zone.
• Drill holes D1 -23-63 and D1 -23-66 were drilled, searching for the depth extension of the gold
mineralized zone but pierced below the newly interpreted high-grade ore shoots (see Figure 2).
André Tessier, President and CEO commented : “The Eureka Gold Zone continues to show good continuity
and good gold grades . As drilling continues, our exploration team is gaining valuable knowledge about the
controls on the gold mineralization . The size and complex overprinting relationships of this altered and
mineralized corridor are indicative of a long -lived mineralizing system with all the ingredients for a large gold
deposit. We look forward to applying our new-found knowledge at Eureka to the rest of the alteration corridor.”
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 with in a corridor of highly altered
(ankerite-calcite-silicification and albitization) rocks exhibiting highly anomalous gold values of up to 0.5 g/t gold.
Within the high-grade mineralized portions of this corridor, a stockwork of quartz-ankerite-pyrite-gold veinlets is
observed. The density of veinlets is generally proportional to gold grade. The gold mineralized zones have so
far been intersected for a strike of approximately 1.8 kilometres, with a high-grade portion extending for nearly
950 metres. So far, the down -dip length of the mineralized zone is approximately 250 metres (220 metres
vertical depth). Mineralization strikes approximately 100 to 120 degrees azimuth, with a dip of 75 -80 degrees
Easting Northing
D1-23-62 290602 5385206 330 -40 300 α 26.70 44.00 0.95 17.30
incl. North 71.00 83.00 0.55 12.00
incl. North 106.50 133.00 0.62 26.50
D1-23-63 290253 5385550 180 -60 600
D1-23-64 290409 5385375 180 -45 300 α? 61.50 107.70 0.47 46.20
β 129.50 168.00 1.37 38.50
incl. β 143.00 151.60 4.82 8.60
D1-23-65 290534 5385339 180 -45 351 β 84.00 119.50 1.39 35.50
incl. β 84.00 109.00 1.81 25.00
D1-23-66 290360 5385531 153 -45 611.5
Intersected below ore shoot: NSR
Intersected below ore shoot: NSR
α=Alpha, β=Beta, γ=Gamma
CORE
LENGTH (m)
TABLE 1: DRILL INTERCEPTS REPORTED OCTOBER 5, 2023
DRILL
HOLE NO
UTM Coordinates Zone 16 Azimuth Incl. Length
(m) ZONE FROM
(m)
TO
(m)
Au Grade
(g/t)
north (shallower dips of 50N are observed in the western portion of the zone). High-grade, wide ore shoots are
observed and appear to be plunging approximately 40 degrees towards the west, within this structure. 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.
Delta has paused drilling for the month of 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. During
this period, Delta will carry out a 37 -line kilometre 3D Induced Polarization survey to better characterize the
known mineralized zone and explore the extensions of the gold -bearing structure. A number of the recent drill
holes will also be probed using a down -hole televiewer instrument which will collect valuable structural
information on possible fault and vein orientations. 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.
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 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 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 po rtion 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.
Figure 1: Map of the Eureka Gold Zone, showing the new assay results from this press release. The map also shows the
alteration corridor that is hosting the gold mineralization at Eureka 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: Vertical longitudinal section of the Eureka Gold Zone looking north, showing where the drill holes from this
release pierced the gold zone. The section shows the shells of gold grades from 0.25 g/t Au to >0.5 g/t Au. The high-
grade gold mineralization appears to occur in ore shoots plunging ~40° west.
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.
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.
DELTA RESOURCES LIMITED
DELTA-1 PROPERTY
EUREKA GOLD ZONE
Vertical Longitudinal Section Looking North
GRADE SHELLS AT 0.25 & 0.50 g/t Au
0 500100 400200 300
metres
SCALE
D1-23-64
0.47 g/t Au over 46.2m
1.37 g/t Au over 38.5m
Incl. 4.82 g/t Au over 8.6m
> 0.25 g/t Au Shell > 0.50 g/t Au Shell
> 0.25 g/t Au Shell
> 0.50 g/t Au Shell
Surface Surface
Plunge of Ore Shoots ~40°W
West East
1.8 kilometres
D1-23-66
D1-23-62
0.95 g/t Au over 17.3m
0.55 g/t Au over 12.0m
0.62 g/t Au over 26.5m
D1-23-65
1.39 g/t Au over 35.5m
incl. 1.81 g/t Au over 25.0m
D1-23-63
For Further Information:
Contact Delta Resources Limited
Frank Candido, Chairman
Tel: 514-969-5530
or
Andre Tessier, President and CEO
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. 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.