Delta Resources drills 1 m of 8.5 g/t Au at Delta-2
2022-04-07 15:10 ET – News Release
Mr. Andre Tessier reports
DELTA CONFIRMS GOLD-BEARING STRUCTURE OVER TWO KILOMETRES AND PROVIDES UPDATE ON VMS DRILLING
Delta Resources Ltd. has released its initial results from in its initial phase of drilling carried out in November and December, 2021, at the Delta-2 gold property located 35 kilometres southeast of Chibougamau, Que.
Delta completed sixteen (16) exploratory drill holes for a total of 2,709 metres. The objective of the program was to test two (2) structures trending 060 azimuth, 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 deformed and altered structures confirming the presence of a gold-bearing structure for a minimum strike length of two (2) kilometres.
Many parallel and sub-parallel structures remain to be tested at the property and six (6) follow-up drill holes are currently underway for a total of an additional 1,000 metres.
« 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, » stated Andre Tessier, President of Delta Resources Limited.
Significant results are shown in map and table below:Delta-2 Gold PropertyTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/8482/119657_741daf8ab40f186d_001full.jpgTable 1To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/8482/119657_delta.png
THE DELTA-2 VMS PROPERTY:
Drilling is currently ongoing at the Delta-2 VMS property. So far, twenty-two (22) drill holes have been completed for a total of 4,904 metres. Drilling has so far tested three (3) gravity anomalies and nineteen (19) high-priority VTEM conductors. Borehole EM surveys will begin shortly. All assay results are pending.
An additional eight (8) targets are planned for testing before the spring thaw for an additional 1,390 metres.
Analytical Protocol and QA/QC
Chemical analyses reported in this press release were performed at ALS Chemex Laboratories in Val D’Or, Quebec by atomic absorption method. Sampling and analytical procedures are subject to a comprehensive Quality Assurance and Quality Control program that includes duplicate samples, blanks and analytical standards.
Core logging and sampling was completed by Delta personnel. 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 in Chibougamau, Quebec. 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 ALS Chemex Laboratories during the analytical process.
Qualified Person
Andre C. Tessier, P.Eng and P.Geo. President and CEO of Delta Resources Limited is a Qualified Persons as defined by NI-43-101 and is responsible for the technical information presented in this press release. Mr. Tessier has reviewed the drill core and the analytical results described herein.
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, 45 km2 located 50km west of Thunder Bay, Ontario where an extremely high gold-in-till anomaly and kilometre-scale gold-bearing alteration halo point to a never-tested regional structure. • DELTA-2 GOLD and DELTA-2 VMS, 200 km2 in the prolific Chibougamau District of Quebec, with a potential for hydrothermal-gold and gold-rich VMS deposits.
Delta has 49M shares outstanding, is currently funded for its 2022 exploration and in addition, is set to receive $400,000 in March, 2022, through the sale of its Bellechasse-Timmins gold project in SE Quebec.