Business
Delta Announces the Start of a 20,000 Metre Drill Program and Mobilizes a Second Drill Rig at the Delta-1 Property, in Thunder Bay, Ontario
Kingston, Ontario--(Newsfile Corp. - June 6, 2023) - Delta Resources Limited  ( TSXV: DLT...
About this update from Delta Resources Limited
[{"type":"text","content":"Delta Announces the Start of a 20,000 Metre Drill Program and Mobilizes a Second Drill Rig at the Delta-1 Property, in Thunder Bay, OntarioKingston, Ontario--(Newsfile Corp. - June 6, 2023) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1) (\"Delta\" or \"the Company\") is pleased to announce the start of a 20,000 metre drill program at the Delta-1 Gold project, 50 kilometres west of Thunder-Bay, Ontario. Delta will be mobilizing a second drill rig to further accelerate the drill campaign.This new drilling program is in addition to the 5,000 metre program previously announced on April 24, 2023 which is currently underway and nearing completion. Both programs are designed to expand the current mineralized zone along strike and at depth, while testing property-scale targets with similar geological and geophysical signatures as the Eureka Gold Zone.André Tessier, President and CEO commented: \"This is a very exciting time at Delta and at the Delta-1 Property. Delta's recent closing of a $10M bought deal financing has provided us with the resources needed to further expand the gold zone while thoroughly exploring the property at large, where many exploration targets remain untested. We anticipate getting the initial results from our current drilling program shortly and look forward to the many anticipated results to come with this accelerated program.\"About Delta Resources LimitedDelta Resources Limited is a well financed 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 59.1 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 drill intercepts of 5.92 g/t Au over 31 m, including 14.8 g/t Au over 11.9 m, 2.06 g/t Au over 65.8 m including 4.23 g/t Au over 26.2 m, and Bonanza grades of up to 1.6 kg/t and 697 g/t Au over 1.0m. The zone extends to surface and 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 d...