Delta Resources Confirms the presence of a VMS horizon at Delta-2
Delta Resources Confirms the presence of a VMS horizon at Delta-2; Chibougamau, Quebec.
Tuesday, August 18, 2020 / Kingston, ON / Accesswire . Delta Resources Limited (“Delta” or “The Company”)
(DLTA:TSX-V ) (GOLHF: OTCBB ) ( 6G01:Frankfurt ) is pleased to report that its ongoing mechanical t renching
program at the Delta-2 property in Chibougamau, Quebec has uncovered a sulphide-bearing horizon favourable
for the presence of Volcanogenic Massive Sulphide (VMS) mineralization.
The favourable horizon coincides with a string of i solated VTEM conductors that represent VMS targets. The
target horizon is characterized by the presence of felsic tuffaceous sediments, sulphide-bearing chert, sulphidic
iron formation and volcanic rocks of rhyolitic affi nity (see photos attached), believed to represent a pause in the
volcanic sequence. Sulphide mineralization is typic ally dominated by pyrite and pyrrhotite with chalco pyrite and
sphalerite in minor amounts (1-5%). No graphite ha s been observed on the conductive horizon, ruling o ut a
graphitic source for the VTEM conductors. To date, this favourable horizon can be followed for over five kilometres
along strike.
André Tessier, President and CEO at Delta commented as follows:
“Uncovering this favourable horizon is a significant step forward for our VMS exploration program at Delta-2. Not
only does it confirm our geological model but it reaffirms the potential of the VTEM conductors along the horizon.
The presence of sphalerite and chalcopyrite are als o of great importance, indicating the right mineral izing
processes are present for the formation of economic deposits.”
Mechanical trenching was carried out to expose bedrock to surface following the field-proofing of electro-magnetic
conductors deemed to be excellent targets for VMS p olymetallic mineralization of the same type as the past
producing Lemoine Mine which is located 1.5 kilomet re north of the property. Between 1975 and 1983, th e
extraordinarily rich Lemoine Mine produced 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).
The Delta-2 project is located 35 kilometres southe ast of the town of Chibougamau and now covers over 156
square kilometres . Targets at the Delta-2 project consist of VMS miner alization similar to the Lemoine Mine. In
addition, Delta is also targeting magmatic-hydrothermal gold deposits related to the La Dauversiere pluton, such
as the Joe Mann past producer (1956-2007: 1.173 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 co pper at 0.25% Cu) (Source: Technical Report on the Joe Mann
Mining Property dated January 11, 2016, prepared by Geologica Inc.).
Chert Horizon with disseminated pyrrhotite-sphalerite and chalcopyrite.
Sulphide-bearing felsic tuffaceous rocks at the contact between mafic volcanic flows.
Sulphide-bearing felsic tuffs (in red) at the contact between rhyolites and mafic volcanics.
Qualified Person
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 gol d and base-metal projects in Canada, exploring thes e
projects with state-of-the-art methods, and potentially developing these projects into mines.
Delta is currently exploring its Eureka Gold Discov ery in the Thunder Bay area (Delta-1) and its Delta -2
Gold-Polymetallic Property in the Chibougamau Mining District of Quebec.
Delta also owns a 100% interest in the Bellechasse- Timmins gold deposit in southeastern Quebec. On
July 3 rd , 2020, Delta announced the sale of the Bellechasse-Timmins project.
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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