Delta Resumes Drilling at The Delta-1 Gold Deposit in Thunder Bay, Ontario
Kingston, Ontario--(Newsfile Corp. - September 27, 2022) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) ("Delta" or "the Company") is pleased to announce that it has resumed drilling at the Delta-1 Gold Deposit in Thunder Bay, Ontario for approximately 1,000 metres to follow-up where Delta previously intersected significant visible gold.
This current drill campaign is a follow up to the previously announced drill campaign announced on May 11, 2022. From May 10 to June 6, 2022, Delta completed a total of 2,718.8 metres of drilling in nine (9) drill holes. A total of 1,793 samples were collected for gold and sent to SGS laboratories in Sudbury, Ontario for sample preparation and analysis.
Visually, the mineralized zone appears to have been intercepted in all drill holes, potentially extending the gold zone to a strike length of up to 830 metres and a vertical depth of up to 250 metres. Visible gold was observed in 4 (four) of the 9 (nine) drill holes, and rocks continue to be intensely silicified, sericitized, and ankeritized.
Assay results from the previous drill program are still pending as some samples were sent for re-assay using metallic sieve method. Delta expects to report the entirety of the pending results in early October.
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, 57.6 km2 located 50km west of Thunder Bay, Ontario where the Eureka gold deposit has now been outlined over a strike length of 850m. 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, 194 km2 in the prolific Chibougamau District of Quebec, with a potential for hydrothermal-gold and gold-rich VMS deposits.
ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.
President and CEO
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
Frank Candido, Chairman
Vice-President Corporate Communications
Tel : 514-969-5530
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 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 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.
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