Delta Intersects 1636 g/t and 697 g/t Gold over 1.0 Metre Intervals and Reports Visible Gold in Two Step-Out Holes in Initial Phase 2 Drilling at Delta-1 in Thunder Bay, Ontario.
Delta Intersects 1636 g/t and 697 g/t Gold over 1.0 Metre Intervals and Reports Visible
Gold in Two Step-Out Holes in Initial Phase 2 Drilling at Delta-1 in Thunder Bay, Ontario.
May 11, 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 the last four drill holes
of our 2023 Phase 1 drill program along with initia l observations on our first drill holes of the 5000 metre Phase 2
drilling at the Delta-1 gold project located 50 km west of Thunder-Bay, Ontario.
Wide intercepts of gold mineralization were intersected near surface in drill holes D1-23-35 and D1-23-36, extending
this style of mineralization an additional 100 metres east of the previously reported drill holes (see release April 25,
2023 ).
Drill hole D1-23-38 intersected exceptionally high- grade gold mineralization in narrower intervals eas t of a NE-
trending cross fault that displaced the mineralized zone towards the south. It is unclear at this point how this high-
grade mineralization correlates with the very wide intervals of lower grade west of the cross structure. Vein widths,
density of veining and grade distribution can be highly variable within these large gold systems and hole D1-23-38
is typical of that variability along the favourable structure and geophysical target.
Delta is also pleased to report that the first step out drill holes from Delta’s second phase of drilling announced April
24, 2023 have now been completed. In yet another step out of 100 metres east of drill hole D1-23-38, drill holes D1-
23-40 and D1-23-41, appear to mark a return to the very wide intervals of gold mineralization with vis ible gold
observed in both drill holes. Drill holes D1-23-40 and D1-23-41 are the first drill holes directly testing the “Deep Blue”
Target.
Assays from the new drill results from Phase 1 are as follows (see also Table 2 and Figures 1 to 3):
Table 1: Assay results from drill holes D1-23-35 an d D1-23-38. 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 Bonanza grades at Delta-1 are very impressive but more
important is the fact that we are doing large, 100 metre step outs and are still consistently hitting strong alteration
with higher-grade gold segments hosted within a broader zone of low to moderate grade gold. This speak s to the
strength of the mineralizing system and the upside potential as our drilling progresses eastward into the larger “Deep
Blue” target area. This deposit is certainly full of pleasant surprises. Given the limited drilling to date, we still have
a lot of work ahead of us to better understand this deposit.”
Easting Northing
D12335 290464 5385361 180 40 258 α 25.00 32.00 1.23 7.00
β 89.00 143.00 0.80 54.00
γ 168.00 170.10 2.15 2.10
D12336 290464 5385361 180 65 354 α 41.00 50.00 1.76 9.00
β 137.00 162.50 0.80 25.50
γ 349.50 352.50 0.99 3.00
D12337 289883 5385385 180 70 312 α 18.00 122.60 0.37 104.60
β 141.00 294.50 0.44 153.50
incl. γ 272.10 289.60 2.06 17.50
D12338 290600 5385200 180 45 222.5 β? 62.80 63.80 1636.00 1.00
β? 69.00 70.00 697.00 1.00
β? 90.00 95.00 1.73 5.00
β? 107.00 108.00 9.78 1.00
Results previously released for drill holes D12218 to D12334. α=Alpha, β=Beta, γ=Gamma
TABLE 1: DELTA1 2023 DRILL INTERCEPTS
CORE
LENGTH (m)
DRILL HOLE
NO
UTM Coordinates Zone 16 Azimuth Incl. Length
(m) ZONE FROM
(m)
TO
(m)
Au Grade
(g/t)
Hole D1-23-37 was collared on the same drill-pad as drill hole D1-22-09 and intercepted a wide zone of alteration
and low-grade gold mineralization in the Alpha and Beta Zones with significant grades in the Gamma Zone.
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 Delta-1 in an attempt to reduce the assay variability due 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 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 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 through drilling in a multi-kilometre-scale intense alteration
halo. Best grades to date include a drill intercept 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.
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. New results from this release are highlighted in yellow.
Figure 2: Total magnetic map showing the up-dip projection of the gold-mineralized zones at Delta-1. Note the association of the mineralized zones with a
magnetic low which corresponds to magnetite destructive alteration.
Figure 3: Vertical cross-section of the Delta-1 Gold Zone looking east, showing drill holes D1-23-35 and 36
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 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 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 under take to update any
estimate at any particular time or in response to any particular event.