Delta Intersects High Grade GOLD up to 50.75 G/T IN New GOLD Discovery at DELTA-2
DELTA INTERSECTS HIGH GRADE GOLD UP TO 50.75 G/T IN NEW
GOLD DISCOVERY AT DELTA-2 – CHIBOUGAMAU, QUEBEC.
March 4 th , 2021 / Kingston, ON / Accesswire . Delta Resources Limited (“Delta” or “the Company”) ( TSX-
V:DLTA ) (OTCBB:DTARF ) ( FRANKFURT:6G01 ) is pleased to announce a new gold discovery at its Delta-2
Property in Chibougamau, Quebec. The new gold discovery was made in the last two drill holes of a drill program
that was testing gold targets at the Delta-2 property. Delta is still drilling its gold-rich VMS targets also at the Delta-
2 property in Chibougamau.
The new discovery was made while testing the extens ions of the Due Diligence gold occurrence discovere d
through prospecting by Delta in 2019. At Due Diligence, grab samples returned up to 55.8 g/t gold in grab samples
(see press release October 29, 2019) while channel samples returned 22.97 g/t gold and 10.25 g/t gold over 25
centimetres (see press release October 26, 2020).
Two drill holes were completed 125m SW of the surface occurrence. Two mineralized zones were encountered,
and visible gold was identified in both zones and i n both drill holes. Because of the significance of this new
discovery, Delta instructed the labs at SGS Canada to expedite the assay process. Drilling now suggests multiple
mineralized zones.
Significant results include (core angles suggest true thicknesses to be close to drill-core lengths):
Drill Hole D2-21-28 :
24.6m to 27.1m: 18.88 g/t gold over 2.5m
Including 50.75 g/t gold over 0.9m
120.8 to 121.6m: 14.08 g/t gold over 0.8m
Drill Hole D2-21-29 :
25.0m to 27.0m: 3.76 g/t gold over 2.0m
116.4m to 117.5m: 1.81 g/t gold over 1.2m
Including: 3.13 g/t Gold over 0.5m
André Tessier, President and CEO commented as follows:
” This new high-grade gold discovery is significant for Delta, especially considering it’s located in a completely new
area within the core of the Delta-2 property and thereby allowing for future expansion. The new discovery opens
a never tested NE-trending corridor favourable to gold mineralization that spans over five kilometres on the Delta-
2 property. Delta is planning to focus on this new sector of the property in the coming months, as new drill permits
have been received, while in parallel, continue to systematically drill the numerous gold-rich VMS tar gets Delta
has identified.”
Drill holes 28 and 29 were drilled at 270 degrees azimuth and inclined respectively at -45 degrees and -60 degrees.
Both holes have intersected numerous types of quartz veins, but gold mineralization seems to be associated with
strongly deformed quartz veins with tourmaline at t heir margins, and larger quartz veins with dissemin ated to
centimetric masses of sulphides (pyrite, chalcopyri te and sphalerite). Both vein-types also contain v isible gold.
Additional drilling will be necessary to better define the geometry of the mineralized system.
Many geophysical and structural targets remain to be tested in the immediate extensions of the new min eralized
zone and further along the northeast trending corri dor. Delta will be testing these targets systemati cally in the
coming months and has now obtained additional drilling permits to do so.
The new discovery occurs in a NE-trending corridor of structural complexity where volcanic stratigraphy has been
disrupted and deformed. Magmatic-hydrothermal gold mineralization, intense potassic alteration and at least four
generations of felsic to intermediate dykes shown to be associated with the La Dauversiere pluton to the south are
also associated within this corridor. The corridor is believed to have been reactivated during subsequ ent
deformation events. Field work, diamond drilling and geophysical interpretation shows this corridor to extend from
the Snowfall gold occurrence to well beyond the new gold discovery to the NE, covering an area over fi ve
kilometers long by 1.5 km wide.
For more information regarding this press release a nd its content, please watch the following videocli ps at:
https://youtu.be/fo5IL6apu9U and https://youtu.be/9cjE4jwO_k8 .
Sampling, Analytical Protocol
Geochemical analyses were performed by SGS Canada Minerals Laboratories in Lakefield, Ontario and Burnaby
British Columbia.
Core logging and sampling were completed by Laurent ia Exploration and Delta Geologists in Chibougamau,
Quebec. Drill core is cut in half and one half of the core is sealed in clean plastic bags on site. 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 .
Gold values are estimated by fire assay with finish by atomic absorption. Values over 3 ppm Au are reanalyzed by
fire assay with finish by gravimetry. Samples containing visible gold mineralization are analyzed by metallic sieve.
For additional quality assurance and quality contro l, all samples are crushed to 90% less than 2 mm pr ior to
pulverization. The samples are homogenized and half of the crushed sample is pulverized (the other half kept for
re-analysis purposes if necessary). Once pulverize d, 100% of the coarse fraction is weighed and analy zed and
the fine fraction is weighed and analyzed with three separate analyses on 50 grams of material each.
Qualified Person
Michel Chapdelaine, P.Geo. and Vice-President of Exploration at Delta Resources Limited is a Qualified Persons
as defined by NI-43-101 and is responsible for the technical information presented in this press release.
About Delta Resources Limited
Delta Resources Limited is a Canadian mineral explo ration company focused on growing shareholder value
through the exploration of two very high-potential gold and base-metal projects in Canada.
• DELTA-1, 45 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, 170 km 2 in the prolific Chibougamau District of Quebec, with a potential for hydrothermal-gold and gold-
rich VMS deposits.
Delta has 36M shares outstanding has a fully funded exploration for 2021 and in addition, is set to re ceive an
additional $1M in scaled payments, from August to December 2021, through the sale of its Bellechasse-Timmins
gold project in SE Quebec.
First derivative magnetic map of the Delta-2 proper ty in Chibougamau, Quebec, showing the site of Delt a’s new, high-grade gold
discovery. Note the new discovery is situated in a never-tested NE-trending corridor of structural complexity believed to represent an
early structure that may have localized gold mineralization of magmatic-hydrothermal affinity.
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:
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. Forward looking information include, but are not limited to, statements regarding the use of proceeds of the non-brokered
private placement and payment of the debt settlements. 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 f orward-looking information is inherently uncertain and involves risks,
assumptions and uncertainties that could cause actu al facts to differ materially. There can be no assu rance 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 wil l change as new information is received. While we m ay 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.