Delta Resources provides Exploration Update on the Delta-2 VMS Property in Chibougamau, Quebec and the Delta-1 Gold Property in Thunder Bay, Ontario.
Delta Resources provides Exploration Update on the Delta-2 VMS Property in
Chibougamau, Quebec and the Delta-1 Gold Property in Thunder Bay, Ontario.
February 2, 2023 / Kingston, ON / Accesswire . Delta Resources Limited (“Delta” or “the Company”) (TSX-
V:DLTA ) (OTCBB:DTARF ) (FRANKFURT:6GO1 ) is pleased to provide an update on its ongoing exp loration
programs at the Delta-2 VMS project located 35 kilo metres SE of Chibougamau, Quebec, and it’s Delta-1 Gold
project located 50 km west of Thunder-Bay, Ontario.
DELTA-2 PROPERTY EXPLORATION UPDATE
Summer 2022 Exploration:
Delta completed the following:
Borehole EM surveys on 18 drill holes from Delta’s 2022 drill program.
A 721 line kilometre helicopter-borne VTEM program to cover over 60 square kilometres in the eastern
portion of the property including the Dollier Optio n (Delta Announces Option Agreement to Acquire the
Dollier Property from Cartier Resources ).
An extensive program of geological mapping, prospe cting, and mechanical trenching to ground-proof the
conductors detected by the helicopter-borne VTEM survey where possible.
2022 Results:
The program was highlighted by the discovery of a n ew massive to semi-massive lens located 615 metres south-
east of the Cartier Gold occurrence (a gold-only volcanogenic massive sulphide lens discovered in 2012). Two initial
grab samples returned 4.9% Zn and 0.3% Cu, and 1.25% Zn and 0.2% Cu. Follow-up channel sampling of the lens
returned 1.12% Cu and 1.08% Zn over 50 centimetres. The discovery is in the vicinity of a new VTEM con ductor
defined over a minimum of 300 metres (see Figure 1: Target #2).
Elsewhere at the property, the majority of the conductors detected by VTEM lie under glacial cover and will need to
be drill-tested where they are deemed to be in prospective geological settings.
2023 Exploration:
Delta will initiate its 2023 exploration at the Delta-2 VMS project with a 3,000-metre drill program aimed at:
New VTEM conductors that have never been drill tes ted before and that show characteristics of VMS
deposits. Those targets have short strike lengths a re generally isolated, and located in geologically
prospective areas where sulphide horizons show enrichment in economic metals such as zinc, copper, gold
and silver.
Off-hole EM anomalies where initial drilling shows sulphide horizons enriched in economic metals and where
prospective alteration has been observed.
Additional follow-up exploration will consist of geological mapping, trenching and potentially additional drilling based
on results.
The Delta-2 project is located in the Chibougamau M ining District of Quebec. The project covers 194 sq uare
kilometres where Delta targets VMS deposits such as the LeMoine past producer where 0.76 Mt were mined
between 1975 and 1983, grading 9.6% Zn, 4.2% Cu, 4. 5 g/t Au and 84 g/t Ag located 1.5 kilometre north of the
property boundary.
DELTA-1 PROPERTY EXPLORATION UPDATE
Delta is expecting final assay results from the remaining drill holes of the 2022 program in the coming week. Drill
holes D1-22-24 and D1-22-25 were drilled 50 metres and 100 metres east of drill hole D1-22-18 which re turned a
drill intercept of 14.8 g/t Au over 11.9 metres, within a broader interval of 5.92 g/t Au over 31 metres.
Delta is currently completing its fourth drill hole of the 2023 winter drill program previously announced on Januar y
17, 2023 at the Delta-1 Project in Thunder Bay, Ontario. De lta is testing the 3D modelled eastern extension of the
Eureka Gold Zone where dips are increasing to 80 degrees towards the north. All 2023 results are pending.
Qualified Person
Daniel Boudreau, P.Geo. and Manager of Exploration of Delta Resources Limited, is a Qualified Person as defined
by NI-43-101, and will be supervising the drilling programs. Mr. Boudreau has reviewed the technical i nformation
presented in this press release.
Figure 1: Map showing VTEM conductors over total magnetic background at the Dollier Option; Delta-2 VMS. The map also shows
historical occurrences and Delta’s new occurrence of 1.15% Cu and 1.08% over 50 cm. New targets are outlined in dashed white lines.
About Delta Resources Limited
Delta Resources Limited is a Canadian mineral exploration company focused on growing shareholder value through
the exploration of two very high-potential gold and base-metal projects in Canada.
DELTA-1 covers 58.3 square kilometres located 50 k ilometres west of Thunder Bay, Ontario where a gold
mineralized zone 950 metres long was outlined throu gh drilling in a multi-kilometre-scale intense alte ration
halo. Best grades to date include a drill intercep t of 14.8 g/t Au over 11.9 metres, within a broader interval
of 5.92 g/t Au over 31 m. The zone is open in all directions.
DELTA-2 VMS and DELTA-2 GOLD covers 194 square kil ometres in the prolific Chibougamau District of
Quebec. The property holds excellent potential for gold-rich polymetallic VMS deposits as well as
hydrothermal-gold deposits. Delta targets VMS deposits such as the LeMoine past producer where 0.76 Mt
were mined between 1975 and 1983, grading 9.6% Zn, 4.2% Cu, 4.5 g/t Au and 84 g/t Ag.
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. Generally, forward-looking information can be identified by the use of forward-looking terminolo gy such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such
words and phrases (including negative or grammatica l variations) or statements that certain actions, e vents or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Investors are cautioned
that forward-looking information is inherently uncertain and involves risks, assumptions and uncertainties that could cause actual
facts to differ materially. There can be no assuran ce that future developments affecting the Company w ill 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 under take to update any
estimate at any particular time or in response to any particular event.