Delta Resources Provides Update ON Its Exploration Programs IN Chibougamau, Quebec and Thunder BAY, Ontario.
DELTA RESOURCES PROVIDES UPDATE ON ITS EXPLORATION
PROGRAMS IN CHIBOUGAMAU, QUEBEC AND THUNDER BAY, ONTARIO.
November 9, 2021 / Kingston, ON / Accesswire . Delta Resources Limited (“Delta” or “the Company”)
(TSX-V:DLTA ) ( OTCBB:DTARF ) ( FRANKFURT:6G01 ) is pleased to provide an update on its
exploration projects in Quebec and Ontario and, Canada.
Delta-2 VMS project in Chibougamau, Quebec:
The Delta-2 VMS project is 35 kilometres southeast of Chibougamau, Quebec, Delta has
three (3) deep gravity anomalies with responses com parable to those over known world-
class VMS deposits (see press release June 22, 2021 ) as well as a minimum of 30 high-
priority VTEM conductors to test
Drilling is expected to start on November 15, 2021 . A total of 36 drill holes are planned for
7,400m.
Additional gravity and VTEM geophysical surveys ar e also planned to cover the newly
acquired Dollier-Cartier property which is contiguous to the Delta-2 VMS claims.
Delta-2 Gold project in Chibougamau, Quebec:
The Delta-2 Gold project is also 35 kilometres sou theast of Chibougamau, Quebec, Delta
completed a program of geological mapping, sampling , prospecting and mechanical
trenching in mid-October 2021.
Delta has discovered a new gold-bearing structure trending 020 azimuth located 575m SE
of the R14 gold prospect and nearly 600m SW of Delt a’s new OLI Gold discovery.
Preliminary assay results have returned 18.8 g/t Au and 21.1 g/t Au in grab samples. The
gold structure can be followed on LiDAR imagery for a minimum strike length of 500m to
1.5km.
This new discovery has lead Delta to gain a better understanding of the structural controls
and geometry of the gold mineralization. With stru ctures trending 020 azimuth becoming
gold targets as well as the structures trending at 060 azimuth.
Drilling is also expected to begin in the Fall of 2021 to test these new gold targets between
R14 and OLI, testing the extensions of the OLI-R14 structures, the intersections of both
orientations of structures and parallel structures.
Delta-1 project in Thunder Bay, Ontario:
The Delta-1 project is 50 kilometres west of Thund er Bay, Ontario. Delta has outlined a gold
zone over 450m long and 20m wide, extending from su rface to 150m vertical. The zone is
open in all directions. The zone grades approximate ly 1 g/t Au and is located at the core of
a gold halo grading 0.2-0.4 g/t Au over 100-150m in width (See press release July 27, 2021 ).
The zone is currently outlined with only 1,680m of drilling to date.
Delta has obtained an encroachment permit from the Ministry of Transportation of Ontario to
drill. Delta has planned an additional 25 drill holes for a total of 7,500m.
Drilling is expected to begin in early 2022 once t he ground is frozen to extend the mineralized
zone for another 300m on strike and up to a depth of 250m.
The objective of this phase of drilling is to deli neate a potential and significant gold resource.
Delta Appoints a Market Maker
Delta is also pleased to announce that it has retai ned Independent Trading Group (“ITG”) to provide
market making services in accordance with TSX Venture Exchange policies. ITG will assist in maintaining
active and orderly trading in the market for Delta' s securities on the TSX-V. In consideration of the
services provided by ITG, the Company will pay ITG a monthly cash fee of $4,000 monthly. Delta and
ITG are unrelated and unaffiliated entities. ITG wi ll not receive shares or options as compensation. T he
agreement is subject to TSX Venture Exchange approval.
Qualified Person
Andre Tessier, P.Eng and P.Geo. and President of De lta Resources Limited is a Qualified Person 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 exploration of two very high-potential gold and base-metal projects in Canada.
• DELTA-1, 45 km 2 located 50km west of Thunder Bay, Ontario where an extremely high gold-in-till
anomaly and kilometre-scale gold-bearing alteration halo point to a never-tested regional structure.
• DELTA-2 GOLD and DELTA-2 VMS, 170 km 2 in the prolific Chibougamau District of Quebec, with a
potential for hydrothermal-gold and gold-rich VMS deposits.
Delta has 37M shares outstanding is currently finan cing to fund its 2022 exploration and in addition, is
set to receive $400,000 on March 1st, 2022, through the sale of its Bellechasse-Timmins gold project in
SE 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 n or its Regulation Services Provider (as that term i s 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 : 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 includ es, but is not limited to, statements regarding: th e samples may
be proximal to a rich bedrock source for the gold; the possibility of the same source for gold mineralization; and the
initiation of a property-scale till survey in September. Generally, forward-looking information can be identified by the
use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", " estimates",
"forecasts", "intends", "anticipates", "believes" o r variations of such words and phrases (including n egative 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 forward-looking
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 forward-looking information contained in this press release constitutes management's current
estimates, as of the date of this press release, wi th respect to the matters covered thereby. We expec t 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.