Delta Set to Drill VMS Targets IN Chibougamau, Quebec.
DELTA SET TO DRILL VMS TARGETS IN CHIBOUGAMAU, QUEBEC.
December 1, 2020 / Kingston, ON / Accesswire . Delta Resources Limited (“Delta” or “the Company”)
(TSXV:DLTA )(OTCBB:GOLHF ) (FRANKFURT:6G01 ) is pleased to announce that it is nearing completi on of its
first phase of drilling at the Delta 2 project in Chibougamau, Quebec. During this first phase, 15 drill holes have been
completed totalling 2,288 metres. The drill holes to date have been focussed on the southern portion of the property
or otherwise referred to as the Snowfall gold-silve r-copper occurrence. Drill results from the first p hase of the
campaign are not expected until the new year.
The drill holes in the southern portion of the Delta-2 project consist of magmatic-hydrothermal gold deposits related
to the La Dauversiere pluton, such as the Joe Mann past producer (1956-2007: 1.173 million ounces of g old at a
grade of 8.26 g/t Au, 607,000 ounces of silver at 5 g/t Ag and 28.7 million pounds of copper at 0.25% Cu) (Source:
Technical Report on the Joe Mann Mining Property dated January 11, 2016, prepared by Geologica Inc.).
Delta will immediately begin its second phase of dr illing after completion of phase 1 and plans to con tinue drilling
until December 18, 2020. The second phase of the drill program will be aimed at testing its previously defined VMS
targets in Chibougamau, Quebec. This second phase w ill consist of an approximate additional 3,000 metres o f
drilling aimed at testing a minimum of 10 Volcanogenic Massive Sulphide (VMS) targets in the eastern portion of the
Delta-2 property. Delta will begin drilling the VMS targets shortly and continue the program after the holiday break
in early January 2021.
The VMS targets consist of isolated helicopter-borne VTEM conductors located proximal to the horizon that also
hosts the past-producing Lemoine Mine. Between 1975 and 1983, the extraordinarily 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 (Source:
www.sigeom.mines.gouv.qc.ca ).
The Company will update its investors on the progress of the second phase of its campaign as soon as it has been
completed or when the company and its drillers break for the holidays.
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 N ov.
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 (indicat ed) and an additional 95,000 oz @1.36 g/t gold (inf erred). On
July 3, 2020, Delta signed an agreement 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 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 : 5149695530
or
Andre Tessier, CEO and President
Tel: 6133281581
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 includes, but is not limited to, statements regarding: the samples m ay be proximal to a rich
bedrock source for the gold; the possibility of the same source for gold mineralization; and the initi ation 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" or variations
of such words and phrases (including negative or gr ammatical variations) or statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken" , "occur" or "be achieved" or the negative connotat ion 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, 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.