Business
Delta to Resume Drilling VMS Targets at Delta-2 Property in Chibougamau, Quebec; Provides Update of Phase I Drilling
KINGSTON, ON / ACCESSWIRE / January 11, 2021 / Delta Resources Limited ("Delta" or "the Com...
About this update from Delta Resources Limited
[{"type":"text","content":"Delta to Resume Drilling VMS Targets at Delta-2 Property in Chibougamau, Quebec; Provides Update of Phase I DrillingKINGSTON, ON / ACCESSWIRE / January 11, 2021 / Delta Resources Limited (\"Delta\" or \"the Company\") (TSXV:DLTA)(OTC PINK:DTARF)(FRA:6G01) is pleased to announce that it will resume its drilling program starting January 11th, for volcanogenic massive sulphide (VMS) targets at the Delta-2 property, southeast of Chibougamau, Quebec. Delta wishes to assure its investors and the community of Chibougamau alike that all necessary precautions are being taken to prevent the further spread of the COVID-19 virus. Employees and contractors are isolated in \"bubbles\", living together to minimize their exposure to the community and all Quebec Government guidelines are being followed. Delta was also in contact with the community of Oujebougamau and is thankful for their continued support.The Delta-2 property covers over 177 square kilometres, located 35 kilometres southeast of the town of Chibougamau, Quebec. Delta is exploring for two distinct types of targets at the property: hydrothermal gold targets and gold-rich polymetallic VMS targets.Delta is planning between 2000 and 3175 metres of drilling in this second phase of drilling, testing up to 18 isolated, never-tested conductors of short strike length, located in the south-eastern portion of the property. The conductors are all located in proximity to the newly interpreted stratigraphic horizon that hosts the past producing Lemoine Mine north of the property (1975 to 1983: 757 585 tonnes @ 9.52% Zn, 4.18% Cu, 4.56 g/t Au and 82.26 g/t Ag) (Source: www.sigeom.mines.gouv.qc.ca) and are believed to hold excellent potential for similar VMS mineralization.\"These are all top-priority, high potential targets and we can't wait for drilling to start.\" said Andre Tessier, President and CEO of Delta Resources.In November and December 2020, Delta completed 20 drill holes at Delta-2, for a total of 3425 metres. The first 17 drill holes of the program were aimed at hydrothermal-gold targets in the area of the Snowfall Gold occurrence and between Snowfall and the R-14 Gold prospect while drill holes 18 to 20 were aimed at two VMS targets in the southeastern portion of the property. To date, preliminary results have been received for the first 13 drill holes and there are no significant...