- Delta Resources Limited (DLTA) receives impressive gold results from its initial phase of drilling at the Delta-2 Gold Property
- The program tested two structures believed to host a gold prospect and gold discovery
- Every drill hole intersected anomalous gold value
- Delta confirmed a gold-bearing structure for a minimum strike length of two kilometres
- Drilling is still ongoing at the property for 19 other high-priority targets
- Delta Resources Limited (DLTA) is unchanged trading at $0.16 per share as of 2:47 p.m. ET
Delta Resources Limited (DLTA) has reported results from initial drilling at the Delta-2 Gold Property in Quebec.
Delta completed 16 exploratory drill holes for a total of 2,709 metres. The objective of the program was to test two structures believed to host both the R14 gold prospect and Delta’s new OLI gold discovery.
These drill holes were systematically testing the structure at shallow depth. Two additional sub-parallel structures were also tested.
Every drill hole intersected anomalous gold values within the strongly altered structures confirming the presence of a gold-bearing structure for a minimum strike length of two kilometres.
Many parallel and sub-parallel structures remain to be tested at the property and six follow-up drill holes are currently underway for a total of an additional 1,000 metres.
André Tessier, President and CEO of Delta Resources Limited, stated,
“The results are significant and will help Delta focus on certain sections of these gold-bearing structures based on the intensity of alteration, deformation, and gold content… The fact that new gold-bearing structures were also intersected is also significant as many structures of similar character remain to be tested at the property,”
Drilling is still ongoing at the Delta-2 VMS property. So far, twenty-two drill holes have been completed and have tested three anomalies and nineteen high-priority conductors. All assay results are pending.
An additional eight targets are planned for testing before the spring thaw for an additional 1,390 metres.
Delta Resources Limited (DLTA) is unchanged trading at $0.16 per share as of 2:47 p.m. ET.
