Delta Resources
Primary tickers: TSXV:DLTA, OTC:DTARF, Frankfurt:6G01
Stage of development: Exploration
Primary minerals: Gold, Base Metals
Project to promote: Delta 1 Gold Deposit in Thunder Bay, Ontario Canada
Project location: Thunder Bay, Ontario, Canada and Chibougamau, Quebec Canada
Website: www.deltaresources.ca
Delta Resources has 2 main projects including the Delta 1 Gold Deposit where it recently Intersected 11.9 Metres of 14.8 g/t Gold Within a Broader Interval of 31.0 Metres of 5.92 g/t Gold at the Eureka Gold Deposit, in Thunderbay, Ontario. The Delta 2 Property is situated in Chibougamau, Quebec Canada where Delta is focussed on discovering high potential Gold rich VMS type deposits similar to the Lemoine mine, an isolated, high-grade VMS deposit that produced 757,585 tonnes @ 9.52% Zn, 4.18% Cu, 4.56 g/t Au and 82.26 g/t Ag. To date the Lemoine mine is the 2nd richest deposit in terms of grade in Canadian History with a high potential for other similar mines to be discovered within its proximity.
Cash: CAD$2.3M
Debt: Nil
Major shareholders:
Widely Held
Troilus Gold (TLG:TSX)
Westwind Ventures
1832 Fund
Management Ownership – 5%
Financials
Management Profile
ANDRÉ TESSIER, President & CEO
Mr. Tessier is a Professional Engineer and Geologist, involved in the mineral exploration and mining industry since 1989, including 12 years as Director, President and CEO of publicly traded Junior companies.
FRANK CANDIDO, Chairman, VP Corporate Communications
Mr. Candido is an independent financial consultant. As President of Golden Hope Mines Limited (GNH:TSX/V), Mr. Candido led the implementation of a name change, a new management team, a new technical team and a re-vamped Board of Directors.
What is your rationale for taking part in 121 Mining Investment?
We have an exciting project with excellent recent results at the Delta 1 Gold Deposit in Thunder Bay, Ontario including 31M of 5.92 g/t Gold. We are looking for open market interest as we continue to expand upon on Eureka Gold Deposit and prepare to drill new priority targets on our very large and commanding land package.
What recent news would you like to highlight to investors attending?
Delta Resources Begins the Next Phase of an Exciting 2024/25 Gold Exploration Campaign at Delta-1 in Thunder Bay, Ontario
Delta has now outlined the Eureka Gold Deposit to a strike length of over 2.5 Kilometres and to a vertical depth of 300 Metres.
The Eureka Gold Deposit remains open along strike and to depth.
An 11 meter section of the Eureka Gold Deposit was exposed at surface through mechanical trenching assaying 1.23 g/t Gold over the whole section.
Delta has Expanded its land position in the Eastern Shebandowan Greenstone Belt to a commanding 30,600 hectares or 306 Sq. kilometres.
Newly expanded property contains multiple gold-endowed deformation zones spanning a cumulative strike length of over 30 kilometers.
Planned next drill campaign to include continued expansion of the Eureka Gold Deposit and testing of new gold targets throughout the property.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Further Drilling to continue to expand the Eurkeka Gold Deposit ahead of the maiden resource estimate as well as drill new priority Gold targets such as the I zone on the expansive 306 Square Kilometre property,
6 Months:
Show the true potential of multiple gold deposits surrounded by excellent infrastructure and little to no environmental hurdles for eventual production.
12 Months:
The expansion of the Delta 1 Gold Deposit in Thunder Bay, Ontario as we move towards a maiden resource estimate.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The Macro Market environment is the key risk at this stage. We are extremely excited about the next set of results at the Delta 1 Project in Thunder Bay, Ontario and we believe that good results can always overcome macro conditions.
What do you think makes your company such a compelling investment?
We have already identified a significant Gold deposit with up to 2.2 Million ounces (non 43101) with limited drilling (less than 36,000 metres in total) just south of the Trans Canada Highway and only 50 kms West of Thunder Bay, Ontario over a 2.5km strike, down to 300M from surface and remains open in all directions. We believe that further drilling can lead to adding many more ounces as well as the potential for multiple new deposits.
What are the top 3 key investor takeaways?
Delta has now outlined the Eureka Gold Deposit to a strike length of over 2.5 Kilometres and to a vertical depth of 300 Metres.
The Eureka Gold Deposit remains open along strike and to depth.
An 11 meter section of the Eureka Gold Deposit was exposed at surface through mechanical trenching assaying 1.23 g/t Gold over the whole section.
Delta has Expanded its land position in the Eastern Shebandowan Greenstone Belt to a commanding 30,600 hectares or 306 Sq. kilometres. Newly expanded property contains multiple gold-endowed deformation zones spanning a cumulative strike length of over 30 kilometers.