Delta Resources Intersects Wide Zones of Low-Grade GOLD from Its First Exploratory Drilling Program at the Eureka IN Thunder BAY, Ontario.
DELTA RESOURCES INTERSECTS WIDE ZONES OF LOW-GRADE GOLD FROM ITS
FIRST EXPLORATORY DRILLING PROGRAM AT THE EUREKA IN THUNDER BAY,
ONTARIO.
Wednesday, February 26, 2020 / Kingston, ON / Acces swire . Delta Resources Limited (“Delta”or “The
Company”) (DLTA:TSX-V) is pleased to announce its final drill results from its first exploratory drilling program at
the Delta-1 Property, 50 kilometres west of Thunder Bay, Ontario.
Delta completed a total of 1,009 metres of drilling in six drill holes in late November 2019, testing the Eureka Gold
Occurrence. Preliminary results were press released on January 8 th , 2020 (https://deltaresources.ca/delta-resources-
announces-preliminary-results-from-its-first-drilling-program-at-the-eureka-gold-discovery-thunder-bay-mining-
district-ontario/ ). Current results include additional sampling that followed.
Results to date show a very wide zone of low-grade gold mineralization intersected over a 200 metres strike length
and extending vertically from surface to a depth of up to 110 metres. The mineralized zone is open to the North,
West, East and at depth.
Andre Tessier, Chief Executive Officer of Delta Resources, commented as follows:
“We’re very encouraged by these first results at Eureka. These wide intercepts of pervasive alteration and low-grade
disseminated-style gold mineralization in weakly deformed rocks are telling us the mineralizing system is very strong.
The objective of future exploration will be to iden tify the feeder structures that host the higher-gra de gold
mineralization.”
Complete results are as follows:
*Delta’s current interpretation suggests that true widths of the mineralized zones are approximately 70% of the drill intercepts .
DT1 19 01 17,0 31,0 0,18 14,0
73,2 74,3 4,10 1,1
DT1 19 02 3,9 110,6 0,11 106,7
incl 22,5 25,4 0,51 2,90
incl 94,7 110,6 0,33 15,9
DT1 19 03 10,0 151,0 0,17 141,0
incl 10,0 53,0 0,45 43,0
incl 14,0 41,5 0,64 27,5
incl 14,0 27,8 0,84 13,8
incl 18,0 25,5 1,10 7,50
DT11904 2,8 30,0 0,21 27,2
incl 13,0 20,5 0,37 7,50
DT1 19 05 9,0 146,0 0,20 137,0
incl 35,0 57,0 0,73 22,0
incl 35,0 43,0 1,00 8,0
incl 50,6 56,0 0,94 5,4
DT1 19 06 9,0 32,5 0,12 23,5
From north to south, drilling intersected clastic sediments, ultramafic flows and feldspar-phyric mafic flows crosscut
by dikes of intermediate composition. Pervasive, i ntense alteration, consisting of ankeritization and silicification
affects all of the aforementioned rock types and is followed by at least two generations of hydrothermal breccias.
Gold mineralization occurs in all rock types except the feldspar-phyric flows where it has not yet bee n observed.
Gold mineralization is typically disseminated, alth ough at least three generations of quartz-carbonate -albite
stockwork veins are observed. Exact timing of the gold mineralization has not been determined. To date, the rocks
intersected in drill core are only weakly deformed. Delta has not intersected the Shebandowan Structure that could
potentially concentrate and channel gold mineralization or remobilize and concentrate early gold. The Delta team is
currently working to determine the relationship between these newly intersected, broad and open disseminated gold
zones and the higher-grade gold occurrences in the area.
Delta applied for exploration permits in January (w hich includes 20,000 metres of drilling) to resume work at the
property in the short term.
The property is located in the Shebandowan Greenstone Belt and covers a 17km strike extent of the Shebandowan
Structural Zone which also hosts the low-grade – high-tonnage Moss Lake gold deposit (Wesdome; WDO:TSX) , 50
km to the west.
Maps and sections are attached to this press release and available at www.deltaresources.ca under the “news” tab.
A short video about the results can also be accessed by following this link: http://youtu.be/M-7uapc4s5g . The same
video is also available in the “Investors/President’s Message” tab at www.deltaresources.ca
Analytical Protocol and QA/QC
Chemical analyses reported in this press release we re performed at SGS Canada Minerals Laboratories in Red
Lake, Ontario (ISO/IEC 17025 certified), by atomic absorption method. Sampling and analytical procedur es are
subject to a comprehensive Quality Assurance and Quality Control program that includes duplicate samples, blanks
and analytical standards.
NQ-size drill core was sawed in half lengthwise and half of the core was sampled based on geological observations.
The remaining half of the core was replaced in core boxes and is stored on site. Drill core samples w ere bagged
and sealed before being transported to SGS Canada Minerals’ laboratory in Red Lake.
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 tec hnical information presented in this press release. Mr. Tessier
has reviewed the drill core and the analytical results described herein.
About Delta Resources Limited
Delta Resources Limited is a Canadian mineral exploration company focused on growing shareholder value through
the acquisition of high-potential gold and base-metal projects in Canada, exploring these projects with state-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 a t an average grade of 1.83 g/t gold in the indicate d 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 Bellechasse-
Timmins gold deposit in southeastern Quebec.
In October 2019, Delta announced the acquisition of the Eureka Gold Discovery in the Thunder Bay area and the
Delta-2 Property which hosts the R-14 Gold Prospect in the Chibougamau Mining District of 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, VP Corporate Communications
Tel : 5149695530
or
Andre Tessier, CEO and President
Tel: 6133281581
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 li mited to, statements regarding the use of proceeds of the nonbrokered private
placement and payment of the debt settlements. Gene rally, forwardlooking information can be identifie d by the use of forward
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 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.
Geological Map of the Delta1 Property showing the location of the Eureka Gold Discovery.
Interpreted Geological Map of the drill Site at Eureka showing the location of the drill holes.
Vertical Section of the Eastern drill hole fence at Eureka showing the extent of the mineralization.
Vertical Section of the Western drill hole fence at Eureka showing the extent of the mineralization.
East Section
0.64 g/t Au over 27.5 m.