Delta Resources Receives $250,000 Cash Payment from Yorkton Ventures
Delta Resources Receives $250,000 Cash Payment from Yorkton Ventures
Thursday, October 15, 2020 / Kingston, ON / Accessw ire . Delta Resources Limited (“Delta” or “the
Company”) ( DLTA:TSX-V ) ( GOLHF: OTCBB ) ( 6G01:Frankfurt ) is pleased to announce that it has
received a $250,000 cash payment from Yorkton Ventu res as a second tranche for the sale of its
Bellechasse-Timmins Gold Deposit in southeastern Qu ebec, Canada and as per the terms of the
agreement previously announced on July 7, 2020.
To acquire a 100% interest in the Property, Yorkton’s remaining cash payments to Delta are as follows:
$350,000 cash payment before February 1 st , 2021,
$450,000 cash payment no later than June 1, 2021; and
$550,000 cash payment no later than September 1 st , 2021.
Yorkton has also committed to paying Delta a 1% Net Smelter Return (NSR) royalty on any and all
commercial production derived from the Bellechasse-Timmins property. Yorkton may re-purchase 0.5% of
the NSR for $1 Million at any time.
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, located 50km west of Thunder Bay, Ontari o where a 1000m drilling program was
completed in Nov. 2019, testing the newly discovered Eureka Gold prospect. Results so far show
very wide intercepts of low-grade gold in a km-scale alteration zone.
• DELTA-2, located 35km SE of the Chibougamau, Queb ec, where preliminary due diligence and
prospecting work discovered two new gold occurrences where grab samples returned up to 55,8
g/t Au and 11,45 g/t Au.
Delta also owns a 100% interest in the Bellechasse-Timmins gold deposit in SE Quebec, which contains a
43-101 gold resource of 171,000 oz @1.83 g/t gold (indicated) and an additional 95,000 oz @1.36 g/t gold
(inferred). On July 3, 2020, Delta signed an agreem ent with Yorkton Ventures Inc for the sale of the
Bellechasse-Timmins project for $1,7M payable over 15 months of signing.
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 accura cy
of this release. The TSX Venture Exchange has not approved nor disapproved of the information contained
herein.
For Further Information:
Contact 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 non-brokered private placement and payment o f the debt settlements. Generally, forward-looking information
can be identified by the use of forward-looking ter minology such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", " anticipates", "believes" or variations of such word s and phrases
(including negative or grammatical variations) or s tatements 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 unce rtain and involves risks, assumptions and uncertain ties 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-loo king information contained in this press release co nstitutes
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.