Delta Receives Exploration Permits Ahead of 2025 Drilling at the DELTA-1 Expanded Property IN Thunder BAY, Ontario and Grants Stock Options.
DELTA RECEIVES EXPLORATION PERMITS AHEAD OF 2025 DRILLING AT THE
DELTA-1 EXPANDED PROPERTY IN THUNDER BAY, ONTARIO AND GRANTS STOCK
OPTIONS.
November 26, 2024 / Montreal, Quebec / Newsfile Corp . Delta Resources Limited (“Delta” or “The
Company”) (TSX-V: DLTA) (OTCBB:DTARF) (Frankfurt: 6G01) is pleased announce that it has received
two exploration permits to allow for early-stage mineral exploration at the Delta -1 Expanded property in the
Thunder Bay District of Ontario. Over 90% of the Delta-1 Expanded property is now permitted for early-stage
exploration which includes diamond drilling (see figure 1).
Figure 1: Geology map of the Shebandowan belt showing the area covered by the Delta-1 Expanded property and showing the
area within the property that is currently permitted for early-stage exploration (including diamond drilling).
Delta has granted 4,005,000 stock-options to management, the board of directors, employees and
consultants. The options are exercisable at $0.20 for 3 years from the date of the grant and vest immediately.
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 of 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 308 square kilometres where Delta has identified multiple 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.
0 255 2010 15
kilometres
SCALE
DELTA-1 PROPERTY
Regional Geology
N
Thunder Bay
Kewanawan Proterozoic Belt 1.1-1.2Ga
Opawica Gneissic Belt
Pre-Orogenic Granitoids 2750-2695Ma
DELTA-1 PROPERTY OUTLINE
14
5 6 8
7
EUREKA GOLD DEPOSIT
2) Moss Lake: 6 Moz Au
4) East Coldstream: 763,000 oz Au @ 0.78 g/T
3) Coldstream: (1906-67) 103M lb Cu
1) Inco Mine: (1972-98) 9.29MT @ 1.75% Ni, 0.88% Cu, 1.83 g/t PGE
6) Pistol Lake: 72,000 oz @ 2.62 g/t Au
7) Bandore #4: 96,000 oz Au @ 4.83 g/t Au
5) Vanguard: 300,000 T @1.5% Cu, 2.5% Zn, 5.0 g/t Au
8) Bandore Main: 156,000 oz Au @ 6.86 g/t Au
DEPOSITS
Permitted
Not Yet Permitted
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 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.
Frank Candido
Chairman
www.deltaresources.ca
For Further Information:
Delta Resources Limited
Andre C. Tessier, President and CEO
Tel: 613-328-1581
or
Frank Candido, Chairman
Tel: 514-969-5530
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.
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.