Source: Delta Resources.
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  • Delta (DLTA) has yielded 1,636 g/t and 697 g/t gold over 1 m intervals at Delta-1 west of Thunder Bay, Ontario
  • The results, which also include visible gold, stem from initial phase 2 drilling
  • The company views the results as indicative of the project’s considerable upside potential
  • Delta Resources is a Canadian gold and base metal exploration company active in Ontario and Quebec
  • Delta Resources (DLTA) last traded at $0.475 per share

Delta (DLTA) has yielded 1,636 g/t and 697 g/t gold over 1 m intervals at Delta-1 west of Thunder Bay, Ontario.

The results stem from initial drilling from the company’s 5,000-m phase 2 program. The step out holes are 100 m east of D1-23-38 and mark a return to very wide intervals of gold mineralization with visible gold. The pair are the first holes directly testing the Deep Blue Target.

The company is also reporting assay results from the last four drill holes of its 2023 phase 1 program.

Drilling encountered wide intercepts of gold mineralization near surface in D1-23-35 and D1-23-36, extending mineralization an additional 100 m east.

D1-23-38 intersected exceptionally high-grade gold mineralization in narrower intervals east of a NE-trending cross fault, which displaced the zone to the south. 

D1-23-37 intercepted a wide zone of alteration and low-grade gold mineralization in the Alpha and Beta Zones with significant grades in the Gamma Zone.

New phase 1 drill results

Source: Delta Resources.

“These Bonanza grades at Delta-1 are very impressive but more important is the fact that we are doing large, 100 metre step outs and are still consistently hitting strong alteration with higher-grade gold segments hosted within a broader zone of low to moderate grade gold,” stated André Tessier, Delta’s President and CEO.

“This speaks to the strength of the mineralizing system and the upside potential as our drilling progresses eastward into the larger Deep Blue Target area. This deposit is certainly full of pleasant surprises. Given the limited drilling to date, we still have a lot of work ahead of us to better understand this deposit,” he added.

Delta Resources is a Canadian mineral exploration company focused on growing shareholder value through two very high-potential gold and base metal projects in Ontario and Quebec.

Delta Resources (DLTA) last traded at $0.475 per share.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

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