Business
Delta Intersects High Grade Gold up to 50.75 g/t in New Gold Discovery at Delta-2 - Chibougamau, Quebec
KINGSTON, ON / ACCESSWIRE / March 4, 2021 / Delta Resources Limited ("Delta" or "the Compan...
About this update from Delta Resources Limited
[{"type":"text","content":"Delta Intersects High Grade Gold up to 50.75 g/t in New Gold Discovery at Delta-2 - Chibougamau, QuebecKINGSTON, ON / ACCESSWIRE / March 4, 2021 / Delta Resources Limited (\"Delta\" or \"the Company\") (TSXV:DLTA)(OTC PINK:DTARF)(FRANKFURT:6G01) is pleased to announce a new gold discovery at its Delta-2 Property in Chibougamau, Quebec. The new gold discovery was made in the last two drill holes of a drill program that was testing gold targets at the Delta-2 property. Delta is still drilling its gold-rich VMS targets also at the Delta-2 property in Chibougamau.The new discovery was made while testing the extensions of the Due Diligence gold occurrence discovered through prospecting by Delta in 2019. At Due Diligence, grab samples returned up to 55.8 g/t gold in grab samples (see press release October 29, 2019) while channel samples returned 22.97 g/t gold and 10.25 g/t gold over 25 centimetres (see press release October 26, 2020).Two drill holes were completed 125m SW of the surface occurrence. Two mineralized zones were encountered, and visible gold was identified in both zones and in both drill holes. Because of the significance of this new discovery, Delta instructed the labs at SGS Canada to expedite the assay process. Drilling now suggests multiple mineralized zones.Significant results include (core angles suggest true thicknesses to be close to drill-core lengths):Drill Hole D2-21-28:24.6m to 27.1m: 18.88 g/t gold over 2.5mIncluding 50.75 g/t gold over 0.9m120.8 to 121.6m: 14.08 g/t gold over 0.8mDrill Hole D2-21-29:25.0m to 27.0m: 3.76 g/t gold over 2.0m116.4m to 117.5m: 1.81 g/t gold over 1.2mIncluding: 3.13 g/t Gold over 0.5mAndré Tessier, President and CEO commented as follows:\" This new high-grade gold discovery is significant for Delta, especially considering it's located in a completely new area within the core of the Delta-2 property and thereby allowing for future expansion. The new discovery opens a never tested NE-trending corridor favourable to gold mineralization that spans over five kilometres on the Delta-2 property. Delta is planning to focus on this new sector of the property in the coming months, as new drill permits have been received, while in parallel, continue to systematically drill the numerous gold-rich VMS targets Delta has identified.\"Drill holes 28 and 29 were drilled at 270 degrees azimut...