Delta Resources Begins 2023 Drilling Program at Delta-1 in Thunder Bay, Ontario.
Delta Resources Begins 2023 Drilling Program at Delta-1 in Thunder Bay, Ontario.
January 17, 2023 / Kingston, ON / Accesswire . Delta Resources Limited (“Delta” or “the Company”) ( TSX-
V:DLTA ) (OTCBB:DTARF ) ( FRANKFURT:6GO1 ) is pleased to announce that it has returned to the field to begin
a 5,000 metre drilling program at the Delta-1 Prope rty, 50 kilometres west of Thunder Bay, Ontario. T he program
will be spanned over two phases with an initial program that will be aimed at extending the Eureka Gold zone towards
the east, along strike with drill hole D1-22-18 where assay results announced on October 19, 2022 returned:
5.92 g/t gold over 31.0 metres
o Including 14.80 g/t Au over 11.9 metres
Including 72.95 g/t Au over 2.2 metres
Delta is also waiting for final results from step-o ut drill holes D1-22-24 and D1-22-25, drilled respe ctively 50 m and
100 m east of Drill hole D1-22-18 (see attached map) . As per Delta’s analytical protocol at Delta-1, a ny fire assay
returning over 2.0 g/t Au is re-assayed using metallic sieve analysis; hence the delay in receiving final results.
Delta is also planning on testing other targets at Delta-1 with similar geological setting and geophys ical signatures
as the Eureka Gold Zone.
Figure 1: Delta is currently waiting for final assay results from drill holes D1-22-24 and D1-22-25, shown in this plan view map showing
the geology at Eureka, projected up-dip to the surface.
The mineralized zone trends roughly 100° azimuth, dips 50° towards the north, and has now been intersected over
a strike length of approximately 850 metres and a v ertical depth exceeding 200 metres. Further east, t he zone
appears to turn to 110°-115° azimuth and dips become much steeper dipping.
The gold mineralization is hosted within sandstone, feldspar-phyric dikes and volcanic rocks immediate ly north of
ultramafic volcanic flows. Kilometre-scale, texture destructive alteration consists of intense ankerit ization,
sericitization and silicification. Gold mineralizat ion consists of a network of multiple generations o f quartz-ankerite-
pyrite veinlets locally with disseminated grains of visible gold.
The Delta-1 project is located in the Shebandowan Greenstone Belt and covers a 17 kilometres strike ex tent of the
Shebandowan Structural Zone which also hosts the lo w-grade – high-tonnage Moss Lake gold deposit (Goldshore
Resources GSHR:TSX.V) , 50 kilometres to the west.
Delta Resources would like to acknowledge the finan cial support provided by the Ontario Government via the
Ontario Junior Exploration Program (“OJEP”). Delta will be receiving up to $200,000 upon completion of its 2022
exploration program at Delta-1.
Qualified Person
Daniel Boudreau, P.Geo. and Manager of Exploration of Delta Resources Limited is a Qualified Person as defined
by NI-43-101 will be supervising the drilling program. Mr. Boudreau has reviewed the technical information presented
in this press release.
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 58.3 square kilometres located 50 k ilometres west of Thunder Bay, Ontario where a gold
mineralized zone 950 metres long was outlined throu gh drilling in a multi-kilometre-scale intense alte ration
halo. Best grades to date include a drill intercep t 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 kil ometres 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 depos its such as the LeMoine past producer where 0.76Mt
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:
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. Generally, forward-looking information can be identified by the use of forward-looking terminolo gy such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such
words and phrases (including negative or grammatica l variations) or statements that certain actions, e vents 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 assuran ce that future developments affecting the Company w ill be those anticipated
by management. The forward-looking information cont ained 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 under take to update any
estimate at any particular time or in response to any particular event.