Delta Resources

Delta 300x200pax

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$4M
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 recent results of 31M of 5.92 g/t Gold. We are looking for open market interest in advance of further drill results to be published .

What recent news would you like to highlight to investors attending?

Kingston, Ontario–(Newsfile Corp. – March 1, 2024) – Delta Resources Limited (“Delta” or “the Company”) (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1) is pleased to provide final assay results for the first four (4) drill holes, and one (1) drill hole extension, from its initial 2024 drill campaign at its 100% owned Delta-1 Gold project. The holes reported total 1,371 metres of a 5,000 metre drill campaign previously announced on January 16, 2024 at the Delta-1 Gold project located 50 km west of Thunder Bay, Ontario.

 

The objective of this drill campaign is twofold:

 

To fill in gaps from Delta’s previous drilling within a mineral envelope already identified within a 2km strike and 250 metre vertical depth to further increase the overall mineral inventory and,

Exploration drill holes to the east, west and further depths to demonstrate the potential of significantly expanding the mineral envelope.

Highlights:

 

Drill Hole D1-24-90 intersected 15.94 g/t gold over 10.0 metres,

 

Drill Hole D1-24-87 intersected 1.66 g/t over 10.5 metres,

 

Drill Hole D1-24-88 intersected 1.05 g/t over 12.2 metres,

 

Drill Hole D1-24-89 intersected 1.03 g/t over 16.1 metres,

 

Drill Hole D1-24-34ext intersected 1.09 g/t over 21.0 metres.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Further drilling in Thunder Bay to demonstrate increased mineralization to the EAST, WEST and Debt as they all remain open. We have already defined a significant Gold deposit with only 26,000 M of total drilling (as at Dec 31, 2023) and are in the midst of an additional 8000 M drill campaign which began in early January 2024.

 

6 Months:
Further drill results, Metallurgical Test results, and further drilling funded from our own treasury.

 

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 Gold deposit with up to 2 Million ounces with limited drilling just south of the Trans Canada Highway and only 50 kms West of Thunder Bay, Ontario. We have identified a significant depoit over a 2km strike, down to 250M from surface so far and with an average grade of approximately 1.3 g/t. We believe that further drilling can lead to adding many more ounces as the deposit remains open at depth and to the East and West.

What are the top 3 key investor takeaways?

1) 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) A non 43101 Mineral Inventory demonstrating an emerging Gold Deposit of up to 2.2M ounces not including any drill results from the initial 2024 campaign. 

4) A Gold Deposit which remains open to depth, to the east and to the west where many more ounces are possible in an excellent location near a major port city, a mining jurisdiction, south of a major highway, abundant energy, and no potential environmental hurdles to overcome.