Delta Resources Begins Mechanical Trenching in Chibougamau, Quebec.
Delta Resources Begins Mechanical Trenching in Chibougamau, Quebec.
July 9, 2020 / Chibougamau, Quebec / Accesswire . Delta Resources Limited (“Delta” or the “Company”)
(DLTA:TSX-V) (GOLHF: OTCBB) (6G01:Frankfurt) is pleased to announce that it has started Phase I I of its
exploration program at its Delta-2 property in Chib ougamau, Quebec. Phase II consists of mechanical tr enching
to expose bedrock to surface where it is possible a nd where initial field work has yielded encouraging results.
Initial work in June 2020 focussed on field-proofin g of conceptual gold targets and electro-magnetic c onductors
deemed to be excellent targets for Volcanogenic Massive Sulphide (VMS) polymetallic mineralization.
During Phase l exploration, a crew of 10 geologists, technicians and prospectors, investigated the sites of 27 VTEM
conductors and four large target areas for gold. These targets were based on the Geophysical Interpr etations
reported on May 20, 2020. Over 300 grab samples and channel samples have been collected and sent to the lab
for assaying. Although the majority of assays are s till pending, three gold targets and six VMS target s have been
selected so far for mechanical trenching.
The objective of the mechanical trenching program i s to gain a better understanding of the controls on the
mineralization through detailed geological mapping and sampling after removing overburden, exposing an d
cleaning bedrock. This greater understanding of th e geology and mineralization will help to better pr epare Delta
for Phase III of its 2020 exploration which will co nsist of diamond drilling. Mechanical trenching wi ll be starting at
the Snow gold occurrence, discovered in November 20 19, where three gold assays returned values in exce ss of
10 g/t gold in grab samples. Many of the target-sit es visited during initial field exploration were de emed to have
overburden too deep for mechanical trenching and will have to be drill-tested during Phase III of exploration.
Targets at the Delta-2 project consist of magmatic-hydrothermal gold deposits related to the La Dauversiere pluton,
such as the Joe Mann past producer (1956-2007: 1.17 3 million ounces of gold at a grade of 8.26 g/t Au, 607,000
ounces of silver at 5 g/t Ag and 28.7 million pounds of copper at 0.25% Cu) (Source: Technical Report on the Joe
Mann Mining Property dated January 11, 2016, prepar ed by Geologica Inc.). In addition, Delta is targeti ng VMS
mineralization similar to the Lemoine Mine which is located 1.5 kilometre north of the property. Between 1975 and
1983, the extraordinarily rich Lemoine Mine produce d 757,585 tonnes of ore grading 9.52% Zn, 4.18% Cu, 4.56
g/t Au and 82.26 g/t Ag (Source: www.sigeom.mines.gouv.qc.ca).
André Tessier, President and CEO at Delta commented as follows:
“We are working as quickly as possible to be drill r eady for late summer. Visual examination of the roc ks was
enough to prompt this accelerated pace, particularly at the Snow gold occurrence. So far, we are very excited with
our results and continue to be optimistic of the po tential results. We have a large land package which could yield
several new discoveries.”
The Delta-2 project is located 35 kilometres southe ast of the town of Chibougamau and now covers over 156
square kilometres.
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.
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 p rojects in Canada, exploring these projects with st ate-of-the-art methods,
and potentially developing these projects into mines.
In October 2019, Delta acquired the Eureka Gold Discovery in the Thunder Bay area (Delta-1) and the Delta-2 Property which
hosts the R-14 Gold Prospect in the Chibougamau Mining District of Quebec.
Delta also owns a 100% interest in the Bellechasse- Timmins gold deposit in southeastern Quebec, Canada which 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 Canada Inc., Bellechasse-Tim mins Property
Resource Estimate, August 1, 2012). On July 3 rd , 2020, Delta announced the sale of the project for $1.7M.
The Company continues to focus on building upon its strong portfolio of mineral exploration properties with a high potential for
economic discoveries in Canada .
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) accept s responsibility for the adequacy or accuracy of th is release.
The TSX Venture Exchange has not approved nor disapproved of the information contained herein.
For Further Information:
Delta Resources Limited
Andre C. Tessier, CEO and President
Tel: 613-328-1581
or
Frank Candido, Chairman
Tel : 514-969-5530
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looking information include, but are not limited to, statements regarding the use of proceeds of the non-brokered private placement and payment
of the debt settlements. Generally, forward-looking information can be identified by the use of forwar d-looking terminology such as "plans",
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assurance that future developments affecting the Co mpany will be those anticipated by management. The forward-looking information
contained in this press release constitutes managem ent's current estimates, as of the date of this pre ss release, with respect to the matters
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