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.
Management Ownership – 5%
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.
We have an exciting project with excellent recent results at the Delta 1 Gold Deposit in Thunder Bay, Ontario. We are looking for market support at this excellent entry point in advance of further results to be published in early December.
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.
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.
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.
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.
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.
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 4 of the 9 holes 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.