Delta Receives $200,000 Grant from the Ontario Junior Exploration Program to Further Advance the Gold Discovery at Delta - 1 in
Delta Receives $200,000 Grant from the Ontario Junior Exploration
Program to Further Advance the Gold Discovery at Delta - 1 in
Thunder Bay, Ontario
August 30 , 2023 / Kingst on, On. / Newswire . Delta Resources Limited (“Delta” or the “Company”)
(DLTA:TSX/V) is pleased to announce that it ha s been selected to receive up to $200,000 from the Ontario
Junior Exploration Program ( “ O J E P ” ) to further advance its exploration efforts at the Delta - 1 property in
Thunder Bay, Ontario.
Delta is in the midst of an extensive exploration program at its newly expanded Delta - 1 project, including
up to 20,000 metres of drilling , a surface geological mapping program , fu r ther prospecting and sampling.
Assay results are now pending for over 40 drill holes totalling nearly 14,000 metres .
“ We are thrilled to receive the OJEP grant this year again . The funds go a long way to advance and expand
our exploration program on a non dilutive basis at the Delta - 1 project, enhancing value for all stakeho lder s .”
says André Tessier, President and CEO of Delta.
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 approximately 107 square kilometres located 50 kilometres 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 kilometres in the proli fic 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.
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 re sults "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 curre nt 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 upd ate any estimate at any particular
time or in response to any particular event.