Delta Resources Discovers Another New GOLD Occurrence and Acquires More Ground at DELTA-2
DELTA RESOURCES DISCOVERS ANOTHER NEW GOLD OCCURRENCE AND
ACQUIRES MORE GROUND AT DELTA-2 – CHIBOUGAMAU, QUEBEC.
TheNewswire / November 26, 2019. Delta Resources Limited (“Delta”). (DLTA:TSX/V) is pleased to announce
that it has made another new gold discovery at the Delta-2 property southeast of Chibougamau, Quebec.
Following the signing of an exploration and option agreement at Delta-2 on October 16, 2019, two days of
prospecting were carried out at the property prior to snowfall. The limited field work resulted in th e discovery of
another gold occurrence that substantiates Delta’s new interpretation in the area. As a result, Delta elected to
stake an additional 9 claims covering a total of 502 hectares to add to the property.
The new discovery is located approximately 3.3 kilometres SSW of the R-14 gold prospect and consists of a 30cm
wide, strongly deformed, sub-vertical, gold quartz vein trending 040az (please visit www.deltaresources.ca for a
location map and photos). The discovery was made shortly before snowfall and so far, the vein and host structure
could only be exposed over 2 metres along strike and approximately 1 metre across. The rocks hosting the quartz
vein are strongly altered with iron-carbonate over at least one metres perpendicular to the quartz vei n. Six grab
samples were sent to assay, sampling both vein material and host rocks, and results are as follows (note that grab
samples are selective by nature and reported values are not necessarily representative of all the mine ralized
zones ):
Sample 2251: 0.01 g/t gold Quartz vein materia l
Sample 2252: 9.97 g/t gold Quartz vein material
Sample 2253: 5.62 g/t gold Host rock material
Sample 2254: 10.10 g/t gold Host rock material-Go ssanous
Sample 2255: 0.04 g/t gold Feldspar Porphyry di ke
Sample 2256: 11.45 g/t gold Composite sample vein and host rock
“This new discovery is another important development from Delta-2 .” said Andre Tessier, President and CEO of
Delta Resources. “The most significant takeaway from this new discovery and the Due Diligence discovery is
that they reinforce our new interpretation of the area. We are looking forward to a full field season beginning
next Spring at Delta-2 to better expose the new discoveries made in the last months and to further test our new
exploration model.”
On October 16, 2019, Delta announced the signing of an exclusive agreement to acquire a 100% interest in the
R-14 Gold Property (“The Delta-2 Property”) in the Chibougamau Mining District of Quebec.
The property covers nearly 126 square kilometres an d is located 40 kilometres south-east of the city o f
Chibougamau, Quebec and accessed via paved Highway 167.
The Delta-2 Property is host to several gold occurrences, the better known being the R-14 Gold Prospect where
mechanical trenching has exposed a gold-bearing dike swarm within a discordant alteration halo 3 kilometres long
and 1 kilometre wide . At R-14, exceptional gold values of up to 142.29 g/t Au over core length of 2.44 metres have
been intersected in the early 1980’s by Corner Bay Exploration (Brunelle, 1983 quoted by Faure, 2012). The
property was later worked by D’Arianne Resources In c. who also reported significant results in channel and drill
samples.
The Delta exploration team has carried-out due dili gence work at the property and has refined a new ge ological
interpretation of the area which opens great exploration potential. Please refer to the Delta Resourc es web site
at http://www.deltaresources.ca/ for additional information on the Delta-2 Property.
Analytical Protocol
The gold geochemical analyses were performed by atomic absorption method but all samples with results greater
than 10 ppm were re-analyzed by gravimetric method on 30g weighted samples. The samples were analysed by
ALS Chemex Geochemistry from Val D’Or, Quebec.
Michel Chapdelaine, P.Geo. and Vice-President of Exploration at 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 new Canadian mineral e xploration company born at the end of June 2019. T he
Company is focused on growing shareholder value through the acquisition of high-potential gold and base-metal
projects in Canada, exploring these projects with s tate-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 Canada 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
where exploration will start shortly.
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: 514-969-5530
or
Andre Tessier, President and CEO
Tel: 613-328-1581
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.