Business
Delta Reports Visible Gold in Two Step-Out Drill Holes at its Delta-1 Project in Thunder Bay, Ontario
Following up intersection of 11.9 metres of 14.8 g/t gold within a broader interval of 31.0 me...
About this update from Delta Resources Limited
[{"type":"text","content":"Delta Reports Visible Gold in Two Step-Out Drill Holes at its Delta-1 Project in Thunder Bay, OntarioFollowing up intersection of 11.9 metres of 14.8 g/t gold within a broader interval of 31.0 metres of 5.92 g/t gold in drill hole D1-22-18 at the Eureka Gold Zone.Kingston, Ontario--(Newsfile Corp. - November 15, 2022) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6G01) (\"Delta\" or \"the Company\") is pleased to announce preliminary visual observations on two drill holes completed in October 2022 at the Delta-1 Project, 50 kilometres west of Thunder Bay, Ontario.During this program, two drill holes (D1-22-24 and D1-22-25) were completed to test for the eastern extension of the mineralization intersected in drill hole D1-22-18 with step-outs of 50 metres and 100 metres respectively (see map at Figure 1). Drill hole D1-22-18 was also extended by 93 metres as results indicated it had ended in a mineralized interval. The mineralized zone was intersected in drill holes D1-22-24 and D1-22-25, with visible gold observed in both holes. In drill hole D1-22-24, the mineralized zone is observed from 308 metres to 366 metres with visible gold observed at 312.6 metres (see Photo 1) and 365.5 metres. In drill hole D1-22-25, the mineralized zone was observed from 288 metres to 340 metres with visible gold observed at a depth of 302 metres. Both holes were drilled towards the south and inclined at -45 degrees, and therefore, the intersections are believed to represent close to true widths. Favorable host rock and alteration were also observed in the extension of D1-22-18.These observations suggest the mineralized zone is now defined over a strike length of nearly 950 metres and a vertical depth of approximately 220 metres. The zone remains open in all directions and at depth.André Tessier, President and CEO commented: \"The preliminary observations of these most recent drill holes at Delta-1 are extremely encouraging. The mineralized zone extends to depth and clearly continues to the east with no sign of pinching out. The visual identification of native gold alone is a great sign, and the team is eagerly awaiting the assay results from these holes.\"Figure 1: Plan view map showing locations of the new drill holes (D1-22-24 and D1-22-25). (Note: The geology has been projected up-dip to the surface.)To view a...