Delta intersects 4.23 g/t over 26.2 metres within a broader interval of 2.06 g/t over 65.8 metres at Delta-1 in Thunder Bay, Ontario.
Delta intersects 4.23 g/t over 26.2 metres within a broader interval of 2.06 g/t over 65.8
metres at Delta-1 in Thunder Bay, Ontario.
April 12, 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 first five drill holes
from its 2023-Phase 1 drill program at Delta-1 Gold located 50 km west of Thunder-Bay, Ontario.
All five drill holes reported herein intersected broad zones of favourable alteration and gold mineralization with drill
hole D1-23-30, the easternmost and deepest drill hole reported so far returning assays of:
4.23 g/t gold over 26.2 metres, Including a 1.10 m etre interval of 49.91 g/t Au.
o Within a broader zone of 2.06 g/t Au over 65.8 met res
And an even broader zone of 0.97 g/t Au over 162.8 metres
Drill hole D1-23-30 is located one hundred metres e ast of drill hole D1-22-25, previously reported on February 9,
2023 (see long section and map attached). Assays are pending on seven additional drill holes to the east and results
will be released in the coming weeks as they are certified by SGS Lab and pass all of Delta’s QA/QC protocols.
Drill holes D1-23-26 to D1-23-28 were drilled above drill holes D1-22-18, D1-22-22 and appear to have intersected
the gold-mineralized halo surrounding the higher-gr ade gold zones (See Figure 1). The mineralized zon e in drill
hole D1-23-29 is cut by a late, post-mineral diabas e dike that locally splits the gold zone into two s maller zones.
Complete drill results are shown in Table 1 below, including the previously released drill holes D1-22-18, 24 and 25
(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 : “The gold zone at Delta-1 continues to provide us wi th very
exciting results as we move eastward and at depth. The higher-grade zone persists, within a broad halo that remains
above the cut off grade of most open-pit operations in Canada and throughout the world. We expect to receive
assay results from the remaining seven drill holes within a few weeks and look forward to integrate this new data in
anticipation of Delta’s next phase of drilling expected to begin in late-April after spring thaw.”
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 to an azimuth of 115° azimuth. This change in the orientation 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 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 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 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. Manager of Exploration of Delta Resources Limited is the Qualified Persons as defined by
NI-43-101. Both have 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.
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 Z one 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 D1-23-30.
Figure 2: Total magnetic map showing the projected gold-mineralized zone at Delta-1, with gold grades for drill holes D1-22-18, 24, 25 and
D1-23-30. Assay results are pending for seven drill holes to the east.
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.