Business
Delta Acquires Eight Additional Claims Near its Delta-1 Property in Thunder Bay, Ontario
Kingston, Ontario--(Newsfile Corp. - May 4, 2023) - Delta Resources Limited  ( TSXV : DL...
About this update from Delta Resources Limited
[{"type":"text","content":"Delta Acquires Eight Additional Claims Near its Delta-1 Property in Thunder Bay, OntarioKingston, Ontario--(Newsfile Corp. - May 4, 2023) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6G01) (\"Delta\" or \"The Company\") is pleased to announce that it has acquired eight additional claims near its Delta-1 property in Thunder Bay, Ontario.Delta will issue 80,000 shares to earn a 100% interest in the claims. The vendor retains a 2% NSR of which Delta can elect to buy back 1% at any time for the sum of $1,000,000.With this agreement, Delta adds an additional 177 hectares to its 58.3 square-kilometre property in the Shebandowan Greenstone Belt.The transaction is subject to TSX approval.The Delta-1 property is located in the Shebandowan Greenstone Belt and covers a 17 kilometre strike extent of the Shebandowan Structural Zone. About Delta Resources LimitedDelta 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 covers 58.3 square kilometres located 50 kilometres west of Thunder Bay, Ontario where a gold mineralized zone 1500 metres long was outlined through drilling in a multi-kilometre-scale intense alteration halo. Best grades to date include a drill intercept of 14.8 g/t Au over 11.9 metres, within a broader interval of 5.92 g/t Au over 31 m. The zone is open in all directions.DELTA-2 VMS and DELTA-2 GOLD covers 194 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 0.76Mt were mined between 1975 and 1983, grading 9.6% Zn, 4.2% Cu, 4.5 g/t Au and 84 g/t Ag.ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.Andre TessierPresident and CEOwww.deltaresources.caWe 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:Delta Resources LimitedAndre C. Tessier, CEO and PresidentTel: 613...