Source: Delta Resources Ltd.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Delta Resources (DLTA) has further expanded its land position at the Delta-1 project in Thunder Bay, Ontario
  • The company acquired the exclusive rights to buy the surface and mining rights to a property next to its Delta-1 property
  • The 670,000 square metre property is contiguous with Delta-1, bolstering its land position on strike with the Eureka Gold Prospect for a strike length of 4.2 kilometres
  • Delta Resources Ltd. (DLTA) is up 27.27 per cent, trading at C$0.14 as of 10:50 am ET

Delta Resources (DLTA) has further expanded its land position at the Delta-1 project in Thunder Bay, Ontario.

The company acquired the exclusive rights to buy the surface and mining rights to a property next to its Delta-1 property. The 670,000 square metre property is contiguous with Delta-1, bolstering its land position on strike with the Eureka Gold Prospect for a strike length of 4.2 kilometres.

The company now controls a total area of 58.3 square kilometres, straddling the Shebandowan Structural Zone in the Shebandowan Greenstone Belt. The Delta-1 property is located in the Shebandowan Greenstone Belt. It covers a 17 km strike extent of the Shebandowan Structural Zone which also hosts the 4.17 million-ounce Moss Lake gold deposit 50 km to the west.

Delta has also fulfilled all the requirements to acquire a 100 per cent interest in the Delta-2 Property, located in the Chibougamau Mining District of Quebec. Additional drilling is planned in 2023 to explore for a LeMoine-Type VMS deposit. The former LeMoine Mine (0.76MT at 9.6 per cent Zn, 4.2 per cent Cu, 4.5 g/t Au and 83 g/t Ag) operated between 1975 and 1983 and is located 1.5 kilometres north of Delta’s property boundary.

Delta Resources Ltd. (DLTA) is a Canadian mineral exploration company focused on exploring two high-potential gold and base-metal projects in Canada.

The company has 100 per cent ownership in the DELTA-1 Gold project in Thunder Bay, Ontario, Delta-2 Gold polymetallic project in Chibougamau, Quebec and the Bellechasse-Timmins Gold project located in southeastern Quebec.

Delta Resources Ltd. (DLTA) is up 27.27 per cent, trading at C$0.14 as of 10:50 am ET.


More From The Market Herald

" From corporate launch to upcoming initial resource estimate, here’s one of 2022’s top lithium performers

Lithium Ionic Corp. has been hailed as the multi-billion-dollar blueprint next door by analysts.

" Successful gold explorer makes NEW polymetallic discovery

Northstar Gold has been making headlines over the past couple of years advancing its high-grade flagship Miller Gold Property.

" @ the Bell: Growth-sensitive stocks fluctuate on mega jobs report

Canada’s main stock index ended on the higher side of flat on Friday trading as strength in the energy and technology sectors was weighed against

" Aimia (TSX:AIM) sells $7.36M in shares to Mithaq Capital

Aimia (AIM) has sold approximately $7.36 million of its common shares to investor company Mithaq Capital SPC.