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Delta Continues to Intersect Gold Including 1.64 g/t Gold over 29.5m, 1.42 g/t Gold over 24.1m, 7.46 g/t Gold over 3.5m and 3.71 g/t Gold over 3.2m at the Eureka Gold Zone in Thunder Bay, OntarioThe objective of this drill campaign is twofold:
Highlights:
André Tessier, President and CEO, commented: "We continue to be impressed with our drill results at Delta-1. So far, in 2024, with each new drill hole, we are adding to our gold inventory at Delta 1. The gold zones continue to show widths, continuity, and homogeneity near surface, adding to the potential for an open-pit operation; while higher grade intercepts of 7.46 g/t gold over 3.5 metres and 3.16 g/t gold over 2.2 metres suggest underground potential at depth. The drill program is still underway, and we look forward to more results shortly." Complete results from the six (6) drill holes and one (1) drill hole extension are provided in Table 1 below. The 2024 drill campaign is ongoing, currently drilling hole D1-24-109 with final assay results still pending. Detailed Results:
TABLE 1: Table of new drilling results at the Delta-1 Project.
Figure 1: Map showing the location of the drill holes reported in this release. To view an enhanced version of this graphic, please visit: Detailed Results (continued):
Geological Discussion The Delta-1 project is located in the Shebandowan Greenstone Belt and covers a 19 km strike extent of the Shebandowan Structural Zone. Gold mineralization at Eureka, occurs within a broad corridor of highly altered (ankerite-calcite-silicification and albitization) rocks exhibiting highly anomalous gold values of up to 0.2 g/t gold. Higher-grade mineralization within this corridor is associated with a stockwork of quartz-ankerite-pyrite-gold veinlets, with increased density of these veinlets generally proportional to increased gold grade. The gold mineralized zones have so far been intersected for a strike of approximately 2.3 kilometres, with a higher-grade segment extending for nearly 950 metres. So far, the mineralized zone extends from surface to a vertical depth of approximately 250 metres. Mineralization strikes approximately 100 to 120 degrees azimuth, with a dip of 75-80 degrees north (shallower dips of 50N are observed in the western portion of the zone). Higher-grade, wide ore shoots are observed and appear to be plunging approximately 40 degrees towards the west, within this structural corridor. Similar ore shoots are often observed in structurally controlled gold deposits and often occur with a certain periodicity. The currently defined ore shoots are open at depth. Analytical Protocol and QA/QC Chemical analyses reported in this press release were performed at AGAT Laboratories. AGAT Laboratories is accredited to ISO 17025 by the Standards Council of Canada (SCC). Sample preparation was performed in Thunder Bay, Ontario. Sampling and analytical procedures are subject to a comprehensive Quality Assurance and Quality Control program that includes duplicate samples, blanks, and analytical standards. The following assaying protocol was adopted at Delta-1 to reduce the assay variability due to nugget effect caused by visible gold:
NQ-size drill core was sawed in half lengthwise and half of the core was sampled and sealed in clean plastic bags before being shipped for assay. The remaining half of the core was replaced in core boxes and is stored at Delta's core storage facilities. Standards and blanks are inserted in the sequence of samples on site as quality assurance and quality control in addition to the regular insertion of blank, duplicate, and standard samples accredited by SGS Canada Minerals Laboratories during the analytical process. Qualified Persons Daniel Boudreau, P.Geo. and Manager of Exploration at Delta Resources Limited, is the Qualified Persons as defined by NI-43-101. He has supervised the drilling program in the field and reviewed the technical information presented in this press release. 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 is Delta's flagship project, where the company is building gold ounces 50 kilometres west of Thunder Bay, Ontario, at surface and adjacent to the Trans-Canada highway. To date, the gold mineralization is defined over 1.8 km from surface to a vertical depth of 250 m. Highlights include drill intercepts such as 5.92 g/t Au over 31 m (incl. 14.8 g/t Au over 11.9 m), and 1.79 g/t Au over 128.5 m. The property covers 107 square kilometres and Delta has identified a 5 km long corridor of intense alteration and deformation at the property, on strike with the gold zone, that has yet to be thoroughly explored. The DELTA-2 property covers 205 square kilometres in the prolific Chibougamau District of Quebec. The property holds excellent potential for gold-rich polymetallic VMS deposits as well as hydrothermal-gold deposits. Delta targets VMS deposits such as the LeMoine past producer where 0.76 Mt were mined between 1975 and 1983, grading 9.6% Zn, 4.2% Cu, 4.5 g/t Au and 84 g/t Ag.
Figure 2 Vertical section looking east, showing the intercept of drill holes D1-24-92 and D1-24-96. To view an enhanced version of this graphic, please visit:
Figure 3 Vertical section looking east, showing the intercepts of drill hole D1-24-95. To view an enhanced version of this graphic, please visit:
Figure 4 Vertical section looking east, showing the intercept of drill hole D1-24-91. To view an enhanced version of this graphic, please visit:
Figure 5: Vertical section looking east, showing the intercept of drill hole D1-24-93. To view an enhanced version of this graphic, please visit:
Figure 6: Vertical section looking east, showing the intercept of drill hole D1-24-94. To view an enhanced version of this graphic, please visit:
Figure 7: Vertical section looking east, showing the intercept of drill hole D1-24-17ext. To view an enhanced version of this graphic, please visit: ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED. Andre C. Tessier 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: Contact Delta Resources Limited Frank Candido, Chairman or Andre Tessier, President and CEO 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204790
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