Delta Provides 2023 Year in Review at its Delta-1 Thunder Bay, Ontario Gold Project.
Delta Provides 2023 Year in Review at its Delta-1 Thunder Bay, Ontario Gold Project.
December 12, 2023 / Kingston, ON / Newsfile Corp. Delta Resources Limited (“Delta” or “the Company”)
(TSX-V:DLTA) (OTCBB:DTARF) ( FRANKFURT:6GO1) is pleased to provide a summary of its exploration
results from the Delta-1 Gold project located 50 km west of Thunder Bay, Ontario.
In 2023, Delta completed sixty (60) drill holes for a total of 19,620 metres at the Delta-1 project. This brings the
total drilling at the property to eighty -six (86) drill holes or 26,288 metres, since Delta’s 2019 acquisition of the
project. Other exploration work at the property in 2023 include a geological mapping, prospecting and sampling
program that covered approximately ten (10) square kilometres as well as a 3D induced polarization geophysical
survey and a high-resolution drone magnetic survey.
The objective of this exploration program was to follow -up on Delta’s discovery drill holes released in October
2022 and January 2023, including D1-22-18: 5.92 g/t Au over 31.0 metres including 14.8 g/t Au over 11.9 metres,
D1-22-24: 6.49 g/t Au over 10.0 metres and D1-22-25: 130.0 g/t Au over 1.0 metre, 1.2 g/t Au over 20.0 metres
and 1.66 g/t Au over 18.1 metres.
HIGHLIGHTS OF DELTA’S 2023 DRILLING PROGRAM:
DELTA GOLD ZONE: A gold mineralized zone was outlined over 1.8 kilometres long, extending from surface
to a vertical depth of over 250 metres, with a true width of up to 100 metres (figures 1 and 2). The zone, which
remains open on strike and at depth, is located immediately south of the Trans -Canada Highway, on a
topographic high in an area that has largely been logged and where active logging is currently taking place. The
area is largely uninhabited and there are no nearby lakes or rivers therefore greatly reducing any potential
environmental issues.
STRUCTURAL CORRIDOR HOSTING THE GOLD : The gold mineralization is hosted by a structural corridor
with intense alteration and high background in gold, that was traced over a strike length of approximately 4.5
kilometres (figure 1). This corridor remains largely unexplored.
EAST EXTENSION: East of the main gold mineralized zone, Delta has traced low -grade gold mineralization
over a strike length greater than 600 metres (Figure 1), at shallow depths, with widely spaced drilling including
D1-23-45: 0.63 g/t Au over 12.5 metres, D1 -23-47: 0.30 g/t Au over 36.5 metres, D1 -23-48: 0.30 g/t Au over
48.7 metres, D1-23-74: 0.49 g/t Au over 15.5 metres. These intercepts are believed to be part of gold-enriched
halo of a higher-grade core that will be explored in future drilling.
WEST EXTENSION: West of the gold mineralized zone Delta has traced the gold mineralization with a 250-
metre step-out drill hole that intersected 0.63 g/t Au over 10.5 metres (D1-23-83) These intercepts are believed
to be part of gold-enriched halo of a higher-grade core that will be explored in future drilling.
STRUCTURAL CONTROLS OF THE GOLD MINERALIZATION : Drilling has provided extremely valuable
information about the structural controls and geometry of the gold mineralized zone. Gold occurs in a stockwork
of quartz-ankerite veinlets with 1 -2% disseminated pyrite, trace arsenopyrite and occasional visible gold. The
zone strikes 290° azimuth and dips steeply towards the north. At least one higher -grade shoot, approximately
300 metres of strike length, appears to plunge at 40° towards the west (Figure 2).
FULLY FUNDED FOR 2024: Following Delta’s $10M bought deal financing in May of 2023, Delta’s exploration
program is fully funded for 2024.
André Tessier, President and CEO commented: “What an exciting year 2023 has been for Delta Resources.
The Delta -1 Gold discovery is now shaping up to be very significant. Counting the west ern and east ern
extensions to the Main Zone, the gold mineralization was intersected over 2.8 kilometres with a higher -grade
core that is nearly one kilometre long. The structure that hosts the mineralization was traced over nearly five
kilometres and is largely untested. This is a true testament to the size and potential of the mineralized system.”
Tessier continued: “This has all occurred within one year. The year to come will surely bring its share of
excitement as we continue our exploration with the extra knowledge we now have on the gold system.”
Results from all 2023 drill holes that intersected the zone so far, are provided in Table 1 below.
TABLE 1 (part 1): Table of 2023 drill results intersecting the gold mineralized zone.
Easting Northing
D1-23-26 289946 5385384 438 180 -58 300.0 8.70 138.50 0.37 129.80
D1-23-27 290051 5385389 435 180 -40 270.0 16.80 110.00 0.45 93.20
incl. 16.80 77.00 0.54 60.20
D1-23-28 290051 5385390 434 180 -68 300.0 44.90 62.00 0.63 17.10
105.00 117.60 1.91 12.60
incl. 105.00 113.60 2.46 8.60
D1-23-29 290151 5385354 443 180 -40 231.0 79.00 85.00 2.29 6.00
85.00 93.90
93.90 99.00 1.37 5.10
D1-23-30 290150 5385355 443 180 -65 303.0 73.20 236.00 0.97 162.80
incl. 51.20 59.10 0.62 7.90
incl. 73.20 139.00 2.06 65.80
incl. 76.00 102.20 4.23 26.20
incl. 79.00 80.10 49.91 1.10
217.00 236.00 0.74 19.00
D1-23-31 290253 5385380 444 180 -40 247.5 36.00 133.00 1.29 97.00
incl. 36.00 45.50 1.04 9.50
incl. 58.00 133.00 1.54 75.00
incl. 93.50 94.40 36.59 0.90
incl. 124.10 125.00 46.81 0.90
198.00 204.00 0.79 6.00
D1-23-32 290253 5385381 444 180 -65 303.0 42.30 280.50 0.55 238.20
42.30 176.00 0.61 133.70
incl. 54.00 76.50 1.25 22.50
243.50 280.50 1.15 37.00
incl. 271.50 280.50 2.62 9.00
D1-23-33 290367 5385355 450 180 -40 261.0 14.80 104.50 1.15 89.70
14.80 36.00 2.87 21.20
Incl. 23.00 24.00 45.44 1.00
49.00 104.50 0.73 55.50
incl. 103.00 104.50 12.05 1.50
173.50 193.00 0.72 19.50
D1-23-34 290368 5385357 449 180 -70 144.3 33.00 142.00 0.86 109.00
incl. 33.00 75.50 1.31 42.50
incl. 33.00 45.00 2.08 12.00
incl. 50.50 75.50 1.21 25.00
115.50 142.00 1.11 26.50
D1-23-35 290464 5385361 436 180 -40 258.0 25.00 32.00 1.23 7.00
89.00 143.00 0.80 54.00
168.00 170.10 2.15 2.10
D1-23-36 290464 5385362 436 180 -65 354.0 41.00 50.00 1.76 9.00
137.00 162.50 0.80 25.50
D1-23-37 289882 5385377 438 180 -70 312.0 18.00 122.60 0.37 104.60
141.00 294.50 0.44 153.50
incl. 272.10 289.60 2.06 17.50
D1-23-38 290602 5385206 446 180 -45 222.5 62.80 63.80 1636.00 1.00
69.00 70.00 697.00 1.00
90.00 95.00 1.73 5.00
107.00 108.00 9.78 1.00
D1-23-39 290602 5385207 445 180 -70 378.0 68.20 107.00 0.70 38.80
236.00 239.00 1.24 3.00
incl. 251.00 257.00 1.24 6.00
D1-23-40 290709 5385221 431 180 -45 340.8 86.00 214.50 0.34 128.50
incl. 130.00 146.40 0.92 16.40
incl. 163.70 180.10 0.84 16.40
TO
(m)
Au Grade
(g/t)
CORE LENGTH
(m)(UTM Zone 16)
Late Diabase Dike
DRILL HOLE NO Elevation
(m) Azimuth Incl. Length
(m)
FROM
(m)
TABLE 1 (part 2): Table of 2023 drill results intersecting the gold mineralized zone.
Easting Northing
D1-23-41 290713 5385122 443 180 -45 225.0 25.80 31.50 1.05 5.70
81.00 159.00 0.34 78.00
incl. 81.00 111.50 0.58 30.50
D1-23-42 290595 5385295 443 180 -45 247.1 49.00 54.00 2.96 5.00
incl. 76.00 80.10 3.34 4.10
D1-23-53 290364 5385203 452 180 -45 411.0 8.00 50.00 1.18 42.00
incl. 22.00 23.00 37.80 1.00
D1-23-54 290144 5385547 425 180 -45 525.0 278.00 318.20 0.58 40.20
incl. 302.90 318.20 1.00 15.30
incl. 305.40 306.20 10.00 0.80
D1-23-60 290200 5385387 442 180 -45 276.0 25.50 154.00 1.79 128.50
incl. 25.50 123.00 2.16 97.50
incl. 25.50 90.00 2.56 64.50
incl. 46.00 47.00 14.10 1.00
incl. 75.00 76.50 51.40 1.50
incl. 122.00 123.00 24.50 1.00
D1-23-61 290308 5385381 446 180 -45 300.0 13.00 165.40 0.58 152.40
incl. 52.30 165.40 0.70 113.10
incl. 13.00 16.00 1.62 3.00
incl. 55.00 90.00 0.98 35.00
incl. 140.00 165.40 1.18 25.40
D1-23-62 290605 5385206 444 330 -40 300.0 26.70 44.00 0.95 17.30
incl. 71.00 83.00 0.55 12.00
incl. 106.50 133.00 0.62 26.50
D1-23-64 290405 5385369 445 180 -45 300.0 61.50 107.70 0.47 46.20
129.50 168.00 1.37 38.50
incl. 143.00 151.60 4.82 8.60
D1-23-65 290534 5385339 436 180 -45 351.0 84.00 119.50 1.39 35.50
incl. 84.00 109.00 1.81 25.00
D1-23-67 290659 5385262 435 180 -45 378.0 39.00 79.20 0.66 40.20
incl. 59.00 79.20 0.95 20.20
282.80 284.30 24.40 1.50
D1-23-68 290715 5385361 432 180 -45 600.0 237.50 303.40 0.54 65.90
incl. 270.50 303.40 0.73 32.90
406.00 446.50 0.80 40.50
incl. 409.00 436.30 0.98 27.30
539.50 540.50 12.50 1.00
incl. 574.50 576.00 11.20 1.50
D1-23-69 290101 5385390 437 180 -60 276.0 48.80 76.60 2.25 27.80
incl. 73.60 75.60 16.16 2.00
120.10 141.20 0.46 21.10
incl. 129.20 141.20 0.58 12.00
153.20 161.00 0.82 7.80
229.50 250.50 0.55 21.00
D1-23-70 289998 5385398 436 180 -45 300.0 39.60 97.00 0.38 57.40
incl. 73.50 94.00 0.64 20.50
258.50 259.80 7.78 1.30
D1-23-72 289926 5385057 455 360 -45 552.0 78.00 81.00 1.75 4.00
277.50 280.50 1.82 3.00
325.00 329.00 1.63 4.00
403.10 422.00 1.49 18.90
incl. 403.10 413.10 2.27 10.00
and 408.10 411.10 5.20 3.00
451.80 457.90 1.41 6.10
D1-23-77 290463 5385210 456 180 -40 165.0 36.00 47.50 1.05 11.50
D1-23-78 290263 5385242 459 180 -40 174.0 6.00 29.50 0.54 23.50
D1-23-82 289987 5385203 441 0 -45 348.0 137.50 155.50 0.54 18.00
164.50 190.00 0.60 25.50
incl. 164.50 167.50 3.30 3.00
D1-23-86 289831 5385059 445 0 -45 591.0 290.30 349.00 0.64 58.70
incl. 340.00 349.00 2.20 9.00
514.50 516.00 9.66 1.50
(UTM Zone 16)
DRILL HOLE NO Elevation
(m) Azimuth Incl. Length
(m)
FROM
(m)
TO
(m)
Au Grade
(g/t)
CORE LENGTH
(m)
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 (only 3 km have been explored by Delta so far). Gold mineralization occurs within
a broad corridor of highly altered (ankerite -calcite-silicification and albitization) rocks exhibiting highly
anomalous gold values of up to 0.2 g/t gold. Higher-grade mineralization within this corridor is associated with
a stockwork of quartz -ankerite-pyrite-gold veinlets , with increased density of these veinlets generally
proportional to increased gold grade. The gold mineralized zone s have so far been intersected for a strike of
approximately 2.3 kilometres, with a high er-grade segment extending for nearly 950 metres . So far, the
mineralized zone extends from surface to a vertical depth of approximately 250 metres. Mineralization strikes
approximately 100 to 120 degrees azimuth, with a dip of 75 -80 degrees north (shallower dips of 50N are
observed in the western portion of the zone) . Higher-grade, wide ore shoots are observed and appear to be
plunging approximately 40 degrees towards the west, within this structural corridor. 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.
The Next Steps
Delta’s team of geologists is currently compiling the wealth of geological, structural, and geochemical data
accumulated since the beginning of this phase of drilling. The team is also interpreting the results from a 26.05-
line kilometre 3D Induced Polarization survey covering 282 hectares, that covered the known mineralized zone
and its extensions as well as the new structural data acquired through a televiewer probing survey of fourteen
(14) strategically located drill holes . This multidisciplinary approach will be used to help vector towards new
mineralized zones within the gold -bearing structure, helping to plan Delta’s next phase of drilling due to start
mid-January 2024.
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 to reduce the assay variability due 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 portion 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 Delta-1 Gold Zone, showing the outlines of the gold mineralization along with the alteration corridor that is hosting the
gold mineralization. The East and West Extensions of the mineralized zone are also shown. The alteration corridor is defined over nearly
five kilometres of strike length at Delta-1 (not all shown here).
Figure 2: 3D model of the Delta-1 Gold Zone oriented as a l ongitudinal section, looking north. The illustration shows the Main Zone only.
Both the eastern and western extensions are not shown.
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
Vertical Longitudinal Section Looking North
Top Values Cut-Off at 30 g/t
GRADE SHELL AT 0.30 g/t Au (green)
And >1.0 g/t Au (red)
0 500100 400200 300
metres
SCALE
Surface Surface
Plunge of Ore Shoots ~40°W
West East
1.8 kilometres
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.