Delta Releases Drilling Plan to Test Its VMS Targets IN Chibougamau, Quebec.
DELTA RELEASES DRILLING PLAN TO TEST ITS VMS TARGETS
IN CHIBOUGAMAU, QUEBEC.
January 21, 2021 / Kingston, ON / Accesswire . Delta Resources Limited (“Delta” or “the Company”) ( TSX-
V:DLTA ) (OTCBB:DTARF ) ( FRANKFURT:6G01 ) is pleased to release its drilling strategy for the Winter 2021 drill
campaign at its Delta-2 property southeast of Chibougamau, Quebec.
As previously announced on January 11, 2021 , Delta has now resumed its drilling program at Delta-2. The objective
of the drilling program is to test a minimum of 18 targets deemed to have excellent potential for volcanogenic massive
sulphide (VMS) mineralization similar to the Lemoin e past producer which is located 1.5 kilometre nort h of the
property boundary. The Lemoine mine is an isolated VMS deposit that produced 757,585 tonnes @ 9.52% Zn ,
4.18% Cu, 4.56 g/t Au and 82.26 g/t Ag between 1975 and 1983 and remains Canada’s second highest grade mine
(Source: www.sigeom.mines.gouv.qc.ca ).
Delta is planning approximately 3,000 metres of dri lling in this second phase of drilling, testing up to 18 isolated
VTEM conductors that have never been drill tested. For logistics purposes, the targets that will be tested during this
phase of drilling are all located in the SE portion of the property (see attached map).
The targets included in this first phase of VMS drilling were selected based on the following criteria:
Conductors are short, isolated and conformable to reflect the typical strike length of VMS deposits.
Conductors are located near or immediately onto what is interpreted as the stratigraphic horizon that hosts
the Lemoine Mine.
Conductors are located in areas of structural complexity known to host massive sulphide deposits.
Chert, iron formations and felsic volcaniclastic ro cks were observed in the field near the conductors,
indicating a hiatus in the volcanic sequence; the site where VMS deposits are typically deposited.
Geological observations in the field, near the cond uctors have shown favourable indicators for VMS
mineralization including: the presence of sulphide mineralization and garnet-sillimanite-andalusite-sericite-
amphibole alteration typically associated with VMS deposits in high-grade metamorphic terranes.
The combination of these criteria suggests an excellent potential for VMS mineralization and each target shown on
the attached map is deemed very high priority for drill testing.
The Delta-2 property covers over 177 square kilomet res, located 35 kilometres southeast of the town of
Chibougamau, Quebec. Delta is exploring for two distinct types of targets at the property: hydrothermal gold targets
and gold-rich polymetallic VMS targets.
Qualified Person
Michel Chapdelaine, P.Geo. and Vice-President of Ex ploration of Delta Resources Limited is a Qualified Persons
as defined by NI-43-101 and is responsible for the technical information presented in this press relea se. Mr.
Chapdelaine has reviewed the drill core described herein.
Map of drill targets for Winter-21 drilling program at the Delta-2 property, Chibougamau Quebec. The map shows VTEM
electromagnetic conductors over a total magnetic map. Map also shows Delta’s interpreted hiatus in the volcanic sequence
and the targets that are proposed for drilling during the winter of 2021.
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, 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 “red-hot” Chibougamau District of Quebec, with a potential for hydrothermal-gold and
gold-rich VMS deposits.
Delta has 35M shares outstanding has a fully funded exploration for 2021 and in addition, is set to receive $1.3M in
scaled payments, before September 2021, through the sale of its Bellechasse-Timmins gold project in SE Quebec.
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:
Delta Resources Limited
Frank Candido, Chairman, VP Corporate Communications
Tel : 5149695530
or
Andre Tessier, CEO and President
Tel: 6133281581
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 includes, but is not limited to, statements regarding: the samples m ay be proximal to a rich
bedrock source for the gold; the possibility of the same source for gold mineralization; and the initi ation of a property-scale till
survey in September. 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 gr ammatical variations) or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken" , "occur" or "be achieved" or the negative connotat ion 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.