Delta Resources Engages Geotech to Fly VTEM Survey at Delta-2
Delta Resources Engages Geotech to Fly VTEM Survey at Delta-2; Chibougamau, Quebec.
Thursday, January 23, 2020 / Kingston, ON / Accesswire . Delta Resources Limited (“Delta”) (DLTA:TSX-V) is
pleased to announce that it has contracted the serv ices of Geotech Airborne Geophysical Surveys to car ry out a
581 line-kilometre Helicopter Borne VTEM survey ove r part of its Delta-2 property in the Chibougamau a rea of
Quebec.
The survey is expected to start during the fourth w eek of January 2020 and is designed to cover a stra tigraphic
horizon known to be favourable for the occurrence o f Volcanogenic Massive Sulphide (VMS) deposits.
Approximately 17 kilometres of this horizon is cove red by the Delta-2 Property. In the fall of 2019, t he Delta
Exploration team outlined a significant area (200m x 400m) of garnet-chlorite alteration in the footwa ll of the
favourable contact; alteration commonly seen in the feeder zones below many VMS deposits.
The objective of the geophysical survey is to outli ne any conductors that represent masses of sulphide s.
Anomalies outlined with this survey are expected to be followed up in the field starting in the spring of 2020.
Significant deposits and occurrences of VMS origin are located in this region, including the past producing LeMoine
mine (757 585 t @ 9.52% Zn, 4.18% Cu, 4.56 g/t Au and 82.26 g/t Ag) located 1.7 kilometres north of the property
boundary and the Delinel and Guillaume-Cartier pros pects located approximately 1.5 kilometres southeas t of the
property boundary.
Other News:
Delta has retained MI3 Communications Financières I nc. ("MI3") to provide communication services on be half of
the Company in Eastern Canada. These services inclu de, but are not limited to, communication of all ne ws
releases and information on the Company, including technical notes, posting on social medias, and assi sting the
Company at PR roadshows across 14 cities in eastern Canada. The agreement is for a period of 12 months and
as consideration for these services, the Company has agreed to pay to MI3 a monthly retainer of C$3,000.
Based in Montreal, MI3 Communications Financières Inc. is a new-age financial communications company geared
for today's fast-paced global economy. MI3 specializes in market awareness and market intelligence for Canadian
public companies. During the last ten years, MI3 ha s worked with over 185 small, mid-tier and larger c apitalized
companies with projects all over the world.
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 Canadian mineral explo ration company focused on growing shareholder value
through the acquisition of high-potential gold and base-metal projects in Canada, exploring these proj ects with
state-of-the-art methods, and potentially developing these projects into mines.
On October 3 rd , 2019, Delta announced the acquisition of the Eureka Gold Discovery in the Thunder Bay area and
on October 16 th , 2019, the acquisition of the Delta-2 Property whi ch 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 Can ada 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 Bellecha sse-
Timmins gold deposit in southeastern Quebec.
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, CEO and President
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 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",
"expects", "is expected", "budget", "scheduled", "estimates", "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 ne gative connotation thereof. Investors are cautioned that forward-looking information is
inherently uncertain and involves risks, assumption s and uncertainties that could cause actual facts t o differ materially. There can be no
assurance that future developments affecting the Co mpany will be those anticipated by management. The forward-looking 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.