Delta Resources Begins the Next Phase of an Exciting 2024/25 Gold Exploration Campaign at Delta-1 in Thunder Bay, Ontario
Delta Resources Begins the Next Phase of an Exciting 2024/25 Gold Exploration Campaign at
Delta-1 in Thunder Bay, Ontario
• Delta has now outlined the Eureka Gold Deposit to a strike length of over 2.5 Kilometres
and to a vertical depth of 300 Metres.
• The Eureka Gold Deposit remains open along strike and to depth.
• An 11 meter section of the Eureka Gold Deposit was exposed at surface through
mechanical trenching assaying 1.23 g/t Gold over the whole section.
• Delta has Expanded its land position in the Eastern Shebandowan Greenstone Belt to a
commanding 30,600 hectares or 306 Sq. kilometres.
• Newly expanded property contains multiple gold-endowed deformation zones spanning
a cumulative strike length of over 30 kilometers.
• Planned next drill campaign to include continued expansion of the Eureka Gold Deposit
and testing of new gold targets throughout the property.
September 25, 2024 / Kingston, Ontario / Newsfile Corp . Delta Resources Limited (“Delta” or “The
Company”) (TSX-V: DLTA) (OTCBB:DTARF) (Frankfurt: 6G01) is pleased to provide a corporate update
as it begins its next phase of exploration at the newly expanded Delta-1 Project in Thunder Bay,
Ontario.
In October 2022, Delta released the results of its discovery drill hole at the Eureka Gold Deposit
(see Press release October 31, 2022) at its wholly owned Delta-1 project (drill hole D1-22-18: 5.92
g/t gold over 31.0 metres, including 14.80 g/t gold over 11.9 metres). The deposit is located
approximately 50 kilometres west of the port city of Thunder Bay, Ontario, within close proximity
of the Trans-Canada Highway, where abundant infrastructure already exists including power lines,
railway tracks and easy year-round road access. Since that time Delta carried out an aggressive
drilling program and has now completed 115 drill holes totalling 35,575 metres, including the
initial seventeen (17) exploration drill holes before the discovery hole was reported.
Since the discovery hole, the objective of every follow-up drill campaign has been to expand the
deposit size to the east, west and at depth, and therefore with the objective of increasing Delta’s
gold inventory at Eureka, while gaining valuable insight on the controls of the gold mineralization.
Delta has now extended the deposit to a strike length of over 2.5 kilometres and a vertical extent
from surface to a vertical depth of 300 metres.
Although the Eureka Gold deposit remains at a very early exploration stage, its geological setting,
mineralization style and alteration are all reminiscent of the near-surface expression of the
Canadian Malartic Deposit located west of Val D’Or, Quebec.
Figure 1: Isometric view of the 3D Block Model looking down and towards the NNE. Since the 2023 Block Model,
nearly 10,000 metres of additional drilling has expanded the deposit to a depth of 300 metres and 2.5 kilometres of
strike length.
Drill Highlights
To access all the drill intercepts for the entire drilling since 2019 at the Eureka Gold Deposit, please
consult the Delta website at www.deltaresources.ca with the following link
https://www.deltaresources.ca/delta-1-gold-project/
Figure 2: Map view of the Eureka Gold Deposit showing the position of drill holes and traces, the gold mineralization
projected to surface and the alteration corridor of the Shebandowan Structural Zone which hosts the gold deposit.
The technical team at Delta has integrated all the latest drill data from the first half of 2024 to the
current geological 3D model. The team also began a property -scale exploration program to
identify new targets on the newly expanded property that now covers a commanding 306 square
kilometres of the eastern and central portion of the Shebandowan Greenstone Belt and
approximately 35 kilometres of strike length.
Eureka Zone Exposed at Surface
Over the course of the 2024 summer exploration program, Delta was able to expose an eleven
(11) metre section of the Eureka Gold Deposit at surface through mechanical trenching (Photo 1).
The exposed section is located above the trace of drill holes D1-23-60 (1.79 g/t Au over 128.5 m),
where overburden thickness was estimated to be manageable for excavators. The overburden
thickness varied between 2.5 and 3.0 metres and the trench was halted when the thickness
exceeded 3.0 metres. In all, the trench exposed a total of 11 metres of the zone across strike. A
channel 4 cm wide was cut with a rock saw, averaging 8 cm deep for sampling. The zone was
divided in 11 equal samples of 1 metre in length and sent to assay. The complete eleven metres
of channel samples returned an average grade of 1.23 g/t Au.
Although the drilling data already clearly indicated that the mineralization is present at surface,
this new trench provides Delta’s geologists with enhanced geological and structural information.
Photo 1: View of the exposed zone during channel sampling. Looking SW.
A Commanding Land Position with Potential for Multiple Deposits
Since July 2023, Delta has acquired the exclusive rights to several important and strategic
exploration properties adjacent and contiguous to the Eureka Gold deposit with the aim of having
a commanding land position in the eastern portion of t he Shebandowan greenstone belt. Delta
now controls an area covering over 30,600 hectares. The Delta team believes that these
acquisitions hold excellent potential for additional gold deposits within proximity to each other.
There are no work commitments on any of the properties acquired by Delta allowing the
geological team to plan and prioritize its exploration campaign from technical driven data
exclusively.
Band-Ore Property
Examples of some of the properties which Delta has acquired include the Band -Ore property
which is located approximately twenty (20) kilometres northwest of the Eureka Gold Deposit. The
Property hosts two historic al high-grade gold resources that are not considered National
Instrument 43-101 compliant1.
Tonnes Average Grade g/t Au Contained Gold Ounces
Band-Ore Main Zone 706,000 6.86 g/t 155,728
Band-Ore Zone No.4 616,000 4.84 g/t 95,668
Multiple Deformation Zones within the Delta Property Package
Delta acquired properties where it identified areas within the Shebandowan Greenstone Belt with
similar geological setting as the Eureka Gold Deposit. These areas consist of fault bounded basins
where shear zones unconformably juxtapose Temiskaming-Type sedimentary rocks of the
Shebandowan Formation and volcanic rocks of the Greenwater Formation . These shear zones
include (amongst others) the Gold Creek and Crayfish deformation zone s which are gold-
endowed crustal-scale structures that include the newly acquired I-Zone and South Zone, and the
Kukkee, AA, T1 and Moose Calf gold occurrences.
An interactive map which can be found at the link below on the Delta website at
www.deltaresources.ca. provides additional information about all the newly added properties
acquired by Delta as well as selected gold occurrences.
Figure 2: Geological map of the Shebandowan Belt showing Delta’s newly acquired property package covering 30,600
hectares. Temiskaming-type sediments are shown in yellow and prospective faults are shown as dotted black lines.
History of the Shebandowan Greenstone Belt (The Inco Mines contribution)
The past-producing Inco Shebandowan Cu-Ni-PGE mine is located immediately north of the Delta-
1 Project area. Between 1972 and 1998, Inco mined 9.29 million tonnes at an average grade of
1.75% Ni, 0.88% Cu and 1.83 g/t PGE and during that period, Inco had a stronghold on the belt .
The Shebandowan Belt had a reputation as a Copper-Nickel Belt with little attention paid to Gold
exploration.
Between late-1987 and 1990, Inco Gold, a subsidiary of Inco, carried-out limited grassroots gold
exploration in the Shebandowan Belt and tested a number of areas with shallow drilling, including
the I Zone, the South Zone and the Kukkee occurrence. Those gold occurrences were all
abandoned by Inco when the Inco Gold Division was merged with Consolidated TVX.
Selected Gold Occurences²
The I-Zone
Between 1988 and 1989, Inco Gold reported a drill intercept of 3.28 g/t Au over 14.6 metres at
the I -Zone. Inco Gold also tested gold recoveries during that period with bulk cyanide tests
yielding 96.2%.
From 1995 to 19 97, Landore Resources followed Inco Gold’s exploration at the I -Zone and
reported drill intercepts that included the following:
• 4.32 g/t Au over 41m.,
• 4.53 g/t Au over 14.4m.; and
• 4.36 g/t Au over 20.4m.
In 2008, Mengold Resources collected a 1000 kg mini bulk sample which yielded an average grade
of 9.9 g/t Au.
The South Zone
Between 1988 and 1989, Inco Gold also drill tested the South Zone where it intersected the
following results:
• 0.7 g/t over Au over 39m.,
• 1.63 g/t Au 7.5m.; and
• 3.02 g/t Au over 2.43m (in a chanel sample).
Also at the South Zone, i n 2008, Mengold Resources reported a grab sample yielding 293.2 g/t
Au, 1090 g/t Ag, 0.81% Pb and 0.07% Cu suggesting the potential for a Polymetallic Gold-Rich
mineralization.
The Kukkee Occurrence
Inco Gold also drill tested the Kukkee Zone wh ich included a drill intercept of 1.15 g/t over
15.47 m. and a grab sample of up to 44.5 g/t Au.
These structures are gold endowed and span an area of over a 20 km. Much of the area remains
unexplored and untested.
Extensive Till Sampling at Eureka
On July 9, 2024, Delta announced the completion of the field portion of an extensive till sampling
program at Delta-1.
The survey consisted of a series of sampling fences spaced at every 1-1.2 km, oriented orthogonal
to the dominant local ice-flow direction (here E-W to WNW-ESE). Samples within each fence were
spaced by approximately 300 metres. The survey covered the properties held by Delta at the time;
an area of roughly 80 km2 and consisted of 224 sample sites.
The goal of the 2024 sampling program is to complement and expand on a previous survey carried
out in 2020 (see press release August 12, 2020 ). The 2020 till survey was highlighted by
anomalous gold-grain counts that helped define the footprint of the Eureka zone prior to Delta’s
2021 and 2022 drilling programs and helped in the discovery of the Delta-1 Gold deposit.
Results of the 2024 survey are still pending.
Metallurgy at the Eureka Zone
Delta is currently carrying out metallurgical work at the Eureka Gold Deposit and results are
pending.
Looking Ahead
The Delta technical team is currently compiling all available historical data at the property-scale
to delineate initial areas of interest for future exploration.
Once the compilation of historical exploration work is completed and final till results are received,
Delta will be field proofing on-site, verifying the accuracy of the compiled data and conducting
important and essential field work in advance of its next drill campaign.
Delta is applying for exploration permits where they have not yet been granted on the newly
acquired properties. Permits may take up to three months to be issued from the date of
application.
Once the field work has been completed, Delta will plan and announce its next drill campaign .
Delta’s objective will be twofold:
• to increase its current gold inventory at Eureka Gold Deposit which remains open on strike
and at depth, and
• to test new drill targets at the property-scale to demonstrate the potential for multiple
gold deposits along this already proven and gold endowed greenstone belt.
Qualified Persons
Daniel Boudreau, P .Geo. and Manager of Exploration at Delta Resources Limited, is the Qualified
Persons as defined by NI-43-101. He has supervised the drilling program in the field and 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 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 2.0 km, from surface to a vertical
depth of 250 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 306 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.
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 L eMoine 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.
Note 1: The Band-Ore mineral resource estimates are considered to be ‘historical’ in nature and are not compliant with
National Instrument 43-101. Neither Golden Share nor Delta have done sufficient work to classify the historical estimates
as current mine ral resources or mineral reserves in accordance with NI 43 -101, however the data is relevant as it is
indicative of potential mineralization on the Property. The Band-Ore Main Zone historical resource comes from the Report
on Shebandowan Property Conacher Township Thunder Bay Mining Division Ontario for Band -Ore Resources Ltd.,
effective date February 15, 2006 with lead author David Gunning, which references the following reports: Report on
Property of Band-Ore Gold Mines Ltd., Thunder Bay, Ontario, with lead author J.S. Crosscombe, Mining Engineer, effective
date May 15, 1947. The Band -Ore No. 4 Zone historical resource comes from 1982 Diamond Drilling Report and Pre -
Evaluation Study on the Band -Ore Option Conacher Township Ontario for Mattagami Lake Explor ation Ltd. with lead
author Karl J. Huska, December 1982.
Note 2: All information from Ontario Assessment files.