Delta Resources
Financials:
Primary ticker: TSXV:DLTA, OTC:DTARF, Frankfurt:6G01
Stage of development: Exploration
Primary minerals: Gold, Base Metals
Project to promote: Delta 1 Gold Deposit
Project location: Ontario, 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$2.5M
Debt: NIL
Major shareholders:
Widely Held
Troilus Gold (TLG:TSX)
Westwind Ventures
Management Ownership – 5%
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 recent results of 31M of 5.92 g/t Gold. We are looking for open market interest in advance of further results to be published .
What recent news would you like to highlight to investors attending?
October 19, 2022 / Kingston, ON / Accesswire. Delta Resources Limited (“Delta” or “the Company”) (TSX-V:DLTA) (OTCBB:DTARF) (FRANKFURT:6G01) is pleased to provide results from its 2022 drilling program at the Eureka Gold Deposit, 50 kilometres west of Thunder Bay, Ontario. A total of 2,719 metres were completed in nine drill holes during this program.
All nine drill holes of the 2022 program intersected the gold-bearing zone with the easternmost drill hole of the program returning assays of:
5.92 g/t gold over 31.0 metres
Including 14.80 g/t Au over 11.9 metres
Including 72.95 g/t Au over 2.2 metres
The mineralized zone has now been intercepted over a strike length of 850 m with the best grades increasing towards the east.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Further drilling in Thunder Bay to demonstrate increasing grades as we move eastward on the property. A resumption of Drilling at our Delta 2 Property in Chibougamau, Quebec where we believe we are getting closer to finding the next ‘Lemoine Type’ Gold rich VMS deposit.
6 Months:
A raise to drill 10,000 metres at Delta 1 in Thunder Bay, Ontario once the results of our ongoing drill campaign are published.
12 Months:
The expansion of the Delta 1 Gold Deposit in Thunder Bay, Ontario and the completion of a substantive drill campaign on the Delta 2 VMS property in Chibougamau, Quebec Canada.
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 2 excellent projects with very high potential in Canada and with the Delta 1 project having just published one of the top intersections for Gold in Canada in 2022 so far with expectations of publishing top results in 2023.
What are the top 3 key investor takeaways?
1) Recent Discovery Hole with 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, Delta-1 Project in Thunder Bay, Ontario.
2) Visible Gold in 5 of the 11 holes completed at time of writing (drilling is ongoing) with all holes intersecting the Gold bearing structure.
3) High potential and very large land package in Chibougamau, Quebec in close proximity 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.