Delta Resources Announces Preliminary Results from Its First Drilling Program at the Eureka GOLD Discovery, Thunder BAY Mining District, Ontario.
DELTA RESOURCES ANNOUNCES PRELIMINARY RESULTS FROM ITS FIRST
DRILLING PROGRAM AT THE EUREKA GOLD DISCOVERY, THUNDER BAY MINING
DISTRICT, ONTARIO.
Tuesday, January 07, 2020 / Kingston, ON / Accesswire . Delta Resources Limited (“Delta”) (DLTA:TSX-V) is
pleased to announce preliminary results from its fi rst drilling program at the Delta-1 Property, 50 ki lometres west
of Thunder Bay, Ontario. Results are deemed prelim inary as many intervals within the drill holes rema in to be
sampled in order to define the mineralized zones.
Delta completed a total of 1009 metres of drilling in 6 drill holes in late November 2019, testing the Eureka Gold
Occurrence.
Drilling was carried out on three sections oriented at 160 degrees azimuth and spaced 100 metres apart . The
westernmost sections cover approximately 220 metres across strike in three drill holes, the easternmos t section
covers approximately 175 metres in 2 drill holes and the central section covers approximately 110 metres with one
drill hole.
From north to south, drilling intersected clastic s ediments, ultramafic flows and feldspar-phyric mafi c flows with
sediments and ultramafic flows crosscut by dikes of intermediate composition. All units are pervasively altered and
mineralized the same way. Alteration consists of pr ogressive ankeritization and silicification followe d by at least
two generations of breccias. The timing of gold mineralization is still unclear. Both alteration and mineralized zones
are open in all directions. The true thickness of t he mineralized zones can’t be established yet due t o a lack of
information.
Results to date show a very wide zone of low-grade gold mineralization intersected over 200 metres of strike length
in drill holes DT1-19-02, 03 and 05.
DT1-19-02 = 106.7 m grading 0,11 g/t gold (note th at 17,8 m of drill core remains to be assayed within the
zone and were temporarily assigned values of zero).
DT1-19-03 = 141.0 m grading 0,13 g/t gold (note th at 20,8 m of drill core remains to be assayed within the
zone and were temporarily assigned values of zero).
DT1-19-05 = 97.0 m grading 0,23 g/t gold (note tha t the zone is open, up and down hole and 23,6 m of
drill core remains to be assayed within the zone and were temporarily assigned values of zero).
Complete results are as follows:
“We’re very pleased with these initial results at Eu reka ”, says André Tessier, president and CEO of Delta
Resources. “ The alteration is extensive and pervasive, and ther e’s a lot of gold in the system. Our focus now is
to look for structural traps or the core of the mineralizing system where the higher-grade zones are hiding .”
The Delta exploration team is currently in the fiel d, sampling the intervals yet to be sampled. Resul ts will be
released as soon as they are available with a more comprehensive interpretation of the mineralization.
The property is located in the Shebandowan Greensto ne Belt and covers a 17 km strike extent of the
Shebandowan Structural Zone which also hosts the low-grade – high-tonnage Moss Lake gold deposit (Wesdome;
WDO:TSX) , 50 km to the west.
Analytical Protocol and QA/QC
Chemical analyses reported in this press release we re performed at SGS Canada Minerals Laboratories in Red
Lake, Ontario (ISO/IEC 17025 certified), by atomic absorption method. Sampling and analytical procedur es are
subject to a comprehensive Quality Assurance and Qu ality Control program that includes duplicate sampl es,
blanks and analytical standards.
NQ-size drill core was sawed in half lengthwise and half of the core was sampled based on geological observations.
The remaining half of the core was replaced in core boxes and is stored on site. Drill core samples were bagged
and sealed before being transported to SGS Canada Minerals’ laboratory in Red Lake.
Andre C. Tessier, P.Eng and P.Geo. President and CE O 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 release. Mr. Tessier
has reviewed the drill core and the analytical results described herein.
DT11901 17.0 47.0 0,12 30,0
incl 17.0 31.0 0,18 14,0
73.2 74.3 4,1 1,1
83.0 84.0 0.68 1,0 Zone is open up and downhole
DT11902 3.9 110.6 0,11 106,7 Including 20,8 metres yet to be sampled and assigne d "0" for now
incl 22.5 29.0 0,28 6,5
incl 34.0 38.0 0,23 4,0
incl 94.7 110.6 0.33 15,9
119.5 120.0 0,58 0,5
DT11903 10.0 151.0 0,13 141,0 Zone is open & includes 17,8 m yet to be sampled an d assigned "0" for now
incl 14.0 18.0 0,51 4,0 Zone is open
incl 21.0 25.5 1,26 4,5 Zone is open
incl 34.6 40.0 0.69 5,4 Zone is open
incl 125.7 151.0 0,17 25,3
DT11904 8.3 16.0 0,34 7,7 Zone is open & includes 1,7 m yet to be assayed and assigned "0" for now 34,0 metres
DT11905 15.0 112.0 0,23 97,0 Zone is open & includes 33,6 m yet to be sampled an d assigned "0" for now
incl 15.0 62.0 0,4 47,0
incl 32.0 62.0 0,59 30,0
183.0 185.0 0.27 2,0 Zone is open
254.0 255.0 0,7 1,0 Zone is open
DT11906 58,8 metres
24,6 metres
20,8 metres
17,8 metres
105,6 metres
No significant results to date
DRILL HOLE From
(metres)
To
(metres)
Grade
(g/t)
Length
(metres) Note Core length
remaining to sample
About Delta Resources Limited
Delta Resources Limited is a Canadian mineral explo ration company focused on growing shareholder value
through the acquisition of high-potential gold and base-metal projects in Canada, exploring these proj ects with
state-of-the-art methods, and potentially developing these projects into mines.
Delta owns a 100% interest in the Bellechasse-Timmi ns gold deposit in southeastern Quebec, Canada whic h
contains a 43-101 gold resource of 171,000 ounces at an average grade of 1.83 g/t gold in the indicated category
and an additional 95,000 ounces at an average grade of 1.36 g/t gold in the inferred category (SGS Can ada Inc.,
Bellechasse-Timmins Property Resource Estimate, Southeastern Quebec, August 1, 2012).
The company’s focus is currently to build a strong portfolio of mineral exploration properties with a high potential
for economic discoveries in Canada while evaluating the long-term potential of its 100% owned Bellechasse-
Timmins gold deposit in southeastern Quebec.
On October 3 rd , 2019, Delta announced the acquisition of the Eureka Gold Discovery in the Thunder Bay area and
on October 16 th , 2019, the acquisition of the Delta-2 Property whi ch hosts the R-14 Gold Prospect in the
Chibougamau Mining District of 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
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 include, but are not limited to, statements regarding the use of pro ceeds of the nonbrokered
private placement and payment of the debt settlemen ts. Generally, forwardlooking information can be i dentified by the use of
forwardlooking terminology such as "plans", "expec ts", "is expected", "budget", "scheduled", "estimat es", "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 forwardlooking 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 forwardlooking 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.