Delta Resources Resumes 2023 Drilling Program and Provides Visuals from Drill Hole D1-23-38 at Delta-1 in Thunder Bay, Ontario.
Delta Resources Resumes 2023 Drilling Program and Provides Visuals from Drill Hole
D1-23-38 at Delta-1 in Thunder Bay, Ontario.
April 24, 2023 / Kingston, ON / Newsfile Corp Delta Resources Limited (“Delta” or “the Company”) ( TSX-
V:DLTA ) (OTCBB:DTARF ) ( FRANKFURT:6GO1 ) is pleased to announce that it will resume drillin g this week at
the Delta-1 Project in Thunder Bay, with an additio nal 5,000 metre drilling program. The program will be
predominantly aimed at the “Deep Blue” magnetic low anomaly spanning over 1.5 kilometres southeast fro m drill
hole D1-23-38 (Figure 1). The “Deep-Blue” magnetic low anomaly is believed to be associated with magne tite-
destruction alteration associated with the gold-mineralizing processes.
Figure 1: Total Magnetic map showing the location of Delta’s drill holes. Delta is planning to initiate a 5,000 metre drilling program this
week, testing amongst other targets, the “Deep Blue” magnetic low target located east-southeast of where the Phase 1 of 2023 was
focussed. The target is at least 1.4 kilometres long and has never been drill tested.
Delta is also pleased to share visuals of the mineralized zone encountered in drill hole D1-23-38, for which assays
are still pending. Drill hole D1-23-38 is the only drill hole to date that has tested near the “Deep Blue” magnetic low
anomaly. Significant visible gold was observed at drill hole depths of 63.4 metres and 69.2 metres (see photos) in
intensely altered mafic volcanic rocks.
André Tessier, President, and CEO commented :“ We are extremely excited by the visuals from drill hole D1-23-
38 and look forward to assay results. We are just as excited to announce the commencement of our next 5,000 m
drill program which will focus on drilling eastward from hole 38 within the expansive “Deep Blue” magn etic low
geophysical target!”
The Delta-1 project is located in the Shebandowan Greenstone Belt and covers a 17 kilometres strike extent of the
Shebandowan Structural Zone.
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 program. Mr. Boudreau has reviewed the technical in formation
presented in this press release.
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 1500 metres long was outlined through drilling in a multi-kilometre-scale intense alteration
halo. Best grades to date include 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 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 0.76Mt
were mined between 1975 and 1983, grading 9.6% Zn, 4.2% Cu, 4.5 g/t Au and 84 g/t Ag.
Photo 2: Photo of visible gold observed in drill hole D1-23-38. The background shows part of the interval from which the visible gold was
observed. The wooden blocks with numbers represent the meterage down the drill hole. The hole was drilled at a 40 degree inclination so
the intercept at 63 metres is in fact at a vertical depth of 40.5 metres. All assays are pending.
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 or Andre Tessier, CEO and President
Tel : 5149695530 Tel: 6133281581
[email protected] [email protected]
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 cont ained 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.