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Delta Resources Options Delta-2 Project in Quebec to Troilus Mining Corp. - $8.25M and 1% NSR To Be Paid Over 3 Years If Option Fully Exercised
Toronto, Ontario--(Newsfile Corp. - January 29, 2026) - Delta Resources Limited    (TS...
About this update from Delta Resources Limited
[{"type":"text","content":"Delta Resources Options Delta-2 Project in Quebec to Troilus Mining Corp. - $8.25M and 1% NSR To Be Paid Over 3 Years If Option Fully ExercisedToronto, Ontario--(Newsfile Corp. - January 29, 2026) - Delta Resources Limited  (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1) (\"Delta\" or the \"Company\") is pleased to announce that it has entered into an agreement with Troilus Mining Corp. (TSX: TLG) (\"Troilus\"), pursuant to which Troilus may acquire a 100% undivided interest in Delta's Delta-2 mineral claims (the \"Option\"), located approximately 35 kilometres southeast of Chibougamau, Québec (the \"Option Agreement\"). Closing is subject to applicable regulatory approvals (the \"Transaction\").The Delta-2 property comprises 405 mineral claims covering approximately 21,783 hectares (217.83 square kilometres) (the \"Delta-2 Claims\") in a well-established mining district that hosts several significant gold and base-metal deposits.Frank Candido, Chairman of Delta, commented:\"This agreement represents a strong outcome for Delta shareholders. The Delta-2 property is a large, highly prospective land package in a proven mining district, and this transaction allows us to realize near and medium-term value while retaining meaningful long-term upside through a royalty interest. Troilus has demonstrated technical strength and regional expertise in the Chibougamau area, and we believe they are well positioned to advance the Delta-2 Claims in a disciplined and responsible manner.\"Ron Kopas, Chief Executive Officer (Interim) of Delta, commented:\"The transaction achieves an objective we set ourselves last August and provides Delta with non-dilutive cash and share consideration, strengthening the Company's financial position and allowing management to focus its exploration and development efforts on the highly prospective Delta-1 Gold Property in the Thunder Bay district of Ontario where Delta has already made a significant gold discovery at Eureka, with increasingly prospective resources at a property scale.I am particularly enthused as this will underpin the business for the next three years, beginning with an initial C$2.5 million in 2026. Owing to Delta's low corporate overhead, combined with expected government credits, this provides meaningful, non-dilutive investment capital to advance De...