Delta Receives $200,000 Grant from the Ontario Junior Exploration Program to Further Advance the Gold Discovery at Delta-1 in Thunder Bay, Ontario
Delta Receives $200,000 Grant from the Ontario Junior Exploration Program to
Further Advance the Gold Discovery at Delta-1 in Thunder Bay, Ontario
December 10, 2024 / Kingston, Ontario – (Newsfile Corp.) Delta Resources Limited (TSXV: DLTA) (“Delta”
or the “Company”) is pleased to announce that it has been selected to receive up to $200,000 from the Ontario
Junior Exploration Program (“OJEP”) 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 which now
includes approximately 308 square kilometres of the eastern Shebandowan Greenstone Belt. Delta is also
planning its next drill campaiugn set to begin in early January 2025.
“We are once again so pleased 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
stakeholders,” says André Tessier, President and CEO of Delta.
“Investing in mineral exploration is vital to ensuring Ontario’s long -term economic success and global
competitiveness,” said George Pirie, Minister of Mines. “ This $200,000 in funding through the Ontario Junior
Exploration Program (OJEP) will help Delta Resources Limited as they explore for gold and base metal deposits
at their Delta-1 property in Thunder Bay, creating new opportunities and delivering lasting benefits to strengthen
Ontario’s mining sector.”
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 on a large gold inventory 50 kilometres west
of Thunder Bay, Ontario, at surface and adjacent to the Trans-Canada highway. To date, the gold mineralization
is defined over a strike length o f 2.5 km, from surface to a vertical depth of 300 m. Highlights include drill
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 306 square kilometres where Delta has identified mul tiple corridors of intense alteration and
deformation, on strike with, and to the south of the Eureka gold zone and that has yet to be thoroughly explored.
The DELTA -2 property covers 205 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 L eMoine 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 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.