Delta Resources Receives Final Tranche Payment of $400,000 from Yorkton Ventures
Delta Resources Receives Final Tranche Payment
of $400,000 from Yorkton Ventures
Tuesday, April 4th, 2022 / Montreal, Quebec / Newsfile Corp. Delta Resources Limited (“Delta”
or “The Company”) ( TSX-V: DLTA ) ( OTCBB:DTARF ) ( Frankfurt: 6G01 ) is pleased to
announce that it has received a final tranche cash pay ment of $400,000 from Yorkton Ventures
(TSX/V:YVI) for the sale of its Bellechasse-Timmins Gold Deposit (‘the Property”) in southeastern
Quebec, Canada. This concludes the sale of the property to Yorkton Ventures.
“We are very please with having concluded this transactio n with Yorkton Ventures. Throughout
this process, Yorkton has been transparent and in const ant communication allowing for an
efficient process to unfold despite some unavoidable delays. We wish Yorkton well in developing
the property in the very amenable mining jurisdiction of Quebec ” stated Andre Tessier, President
of Delta Resources Limited.
Andrew Lee Smith, Yorkton’s CEO said “ Yorkton’s Board and management are pleased to have
concluded this transaction with Delta. The Company is looking forward to actively engaging the
Bellechasse-Timmins Gold Project and the opportunity it represents to enhance shareholder
value. The transaction proved to be a challenging process during the time of the pandemic, and
on behalf of the Board I would like to thank Delta for their patience and support while completing
the transaction.
Delta retains 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 explora tion 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, 200 km 2 in the prolific Chibougamau District of Quebec,
with a potential for hydrothermal-gold and gold-rich VMS deposits.
Delta has 49M shares outstanding and is fully funded for its 2022 exploration.
ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.
Frank Candido
Chairman
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
Andre C. Tessier, CEO and President
Tel: 613-328-1581
or
Frank Candido, Chairman
Tel : 514-969-5530
Cautionary Note Regarding Forward Looking Information
Some statements contained in this news release are "fo rward looking information" within the
meaning of Canadian securities laws. 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" 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 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 conta ined 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.