Delta Resources Limited to Acquire DELTA-2 Property – R-14 GOLD Prospect Chibougamau Mining District, Quebec.
DELTA RESOURCES LIMITED TO ACQUIRE DELTA-2 PROPERTY – R-14 GOLD
PROSPECT CHIBOUGAMAU MINING DISTRICT, QUEBEC.
TheNewswire / October 17, 2019. Delta Resources Limited (“Delta”). (DLTA:TSX/V) is pleased to announce
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 occurr ences, the most important of which is the R-14 Gold Prospect
where mechanical trenching has exposed a gold-beari ng 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 Inc. 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 explor ation potential. Exploration targets at Delta-2: M agmatic-
hydrothermal gold deposits associated with long-liv ed, syn-plutonic structures and gold-rich VMS depos its
associated to a favourable stratigraphic contact occurring at the property over a strike length of over 15 kilometres.
Please refer to the Delta Resources web site at http://www.deltaresources.ca/ for additional information on the Delta-
2 Property.
“ The Delta-2 Property is a very large and under-explored property with great potential for discovery .” said
Andre Tessier, President and CEO of Delta Resources. “ We are looking forward to start testing our new
working hypotheses in the area .”
The Delta-2 Property is located at the NE end of the Abitibi Volcanic Belt, just south of the Chibougamau and
east of the Chapais mining camps which account respectively for historic production of historic 47.5Mt at 1.72%
Cu, 2.30 g/t Au and 24.2Mt at 2.24% Cu, 1.13 g/t Au.
The transaction is subject to regulatory approval.
The terms of the agreement are as follows:
• The vendor holds a 2.0% NSR Royalty on the claims (except on the 41 legacy claims listed
below). Delta may buy back 1.0% at anytime for $1,000,000.
• 41 legacy claims are subject to a 2.0% NSR Royalt y. Delta has the option to purchase 0.375% of
this NSR for $250,000.
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 new Canadian mineral e xploration company born at the end of June 2019.
The Company is 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.
Delta owns a 100% interest in the Bellechasse-Timmi ns gold deposit in southeastern Quebec, Canada
which contains a 43-101 gold resource of 171,000 ou nces 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 inferre d
category (SGS Canada Inc., Bellechasse-Timmins Prop erty 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 Excha nge) 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 proceeds of
the nonbrokered private placement and payment of the debt settlements. Generally, forwardlooking information can be
identified by the use of forwardlooking terminolog y such as "plans", "expects", "is expected", "budge t", "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 d evelopments affecting the Company will be those ant icipated 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.