Delta Resources starts field work at its Delta-2 Property
Delta Resources starts field work at its Delta-2 Property; Chibougamau, Quebec.
June 04, 2020 / Chibougamau, Quebec / Accesswire . Delta Resources Limited (“Delta” or the “Company”)
(DLTA:TSX-V) is pleased to announce that field work has started at its Delta-2 property in Chibougamau, Quebec.
The objective of the field work is to field-proof D elta’s new geological interpretation while followin g-up on new
geophysical targets which stem from 220 square kilo metres of new, high-resolution VTEM and drone-magne tic
surveys in the property area. Drilling these anomalies is planned shortly after the field work is completed.
A field crew of 10, including geologists and prospe ctors will be locating and proofing a minimum of 25 new
conductors with excellent potential for volcanogeni c massive sulphide (“VMS”) mineralization similar t o the
Lemoine Mine which is located 1.5 kilometre north o f the property. Between 1975 and 1983, the extraord inarily
rich Lemoine Mine produced 757,585 tonnes of ore grading 9.52% Zn, 4.18% Cu, 4.56 g/t Au and 82.26 g/t Ag .
In addition, the exploration crew will also be field-testing new syn-plutonic structures with potential for magmatic-
hydrothermal gold mineralization.
Michel Chapdelaine, Vice-President Exploration at Delta commented as follows:
“We’re extremely excited to get going with our field work at Delta-2. We’ve assembled an excellent field crew and
feel very optimistic that results will soon follow.”
The Delta-2 project is located 35 kilometres southeast of the town of Chibougamau and covers over 146 square
kilometres.
In the southern portion of the project, there is ex cellent potential for magmatic-hydrothermal gold mineralization,
associated with several early structures related to the emplacement of the La Dauversiere pluton. The se early
structures are known to control five (5) gold occurrences, including the R-14 Gold Prospect.
In the northern portion of the property, the Company believes there is a high potential for gold-rich VMS deposits,
sitting on the same horizon that hosted the old Lemoine Mine.
Readers are invited to visit the following link for detailed information on the survey results and int erpretation:
http://youtu.be/BUWwd5zYvb8 . The same video is also available in the “Investo rs/President’s Message” section
at www.deltaresources.ca
About Delta Resources Limited
Delta Resources Limited is a Canadian mineral explo ration company focused on growing shareholder value
through the acquisition of high-potential gold and base-metal projects in Canada, exploring these proj ects with
state-of-the-art methods, and potentially developing these projects into mines.
On October 3 rd , 2019, Delta announced the acquisition of the Eure ka Gold Discovery in the Thunder Bay area
(Delta-1) and on October 16 th , 2019, the acquisition of the Delta-2 Property whi ch hosts the R-14 Gold Prospect
in the Chibougamau Mining District of Quebec.
Delta also owns a 100% interest in the Bellechasse-Timmins gold deposit in southeastern Quebec, Canada which
contains a 43-101 gold resource of 171,000 ounces at an average grade of 1.83 g/t gold in the indicated category
and an additional 95,000 ounces at an average grade of 1.36 g/t gold in the inferred category (SGS Canada Inc.,
Bellechasse-Timmins Property Resource Estimate, Southeastern Quebec, August 1, 2012).
The Company’s focus is currently to build a strong portfolio of mineral exploration properties with a high potential
for economic discoveries in Canada.
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
Andre C. Tessier, CEO and President
Tel: 613-328-1581
or
Frank Candido, Chairman
Tel : 514-969-5530
Cautionary Note Regarding Forward Looking Information
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looking information include, but are not limited to, statements regarding the use of proceeds of the non-brokered private placement and payment
of the debt settlements. Generally, forward-looking information can be identified by the use of forwar d-looking terminology such as "plans",
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inherently uncertain and involves risks, assumption s and uncertainties that could cause actual facts t o differ materially. There can be no
assurance that future developments affecting the Co mpany 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, 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
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