Delta Resources Limited · TSXV:DLTA
Delta Resources — Shareholder Meeting (June 2022)
31 slides from Delta Resources's shareholder meeting presentation, Jun 30, 2022
Slide 1: Delta Resources Limited AGM Virtual Meeting
DELTA RESOURCES LIMITED AGM VIRTUAL MEETING June 30, 2022 DLTA | TSX‐V DTARF | OTC ‐ 6G01 | Frankfurt
Slide 2: Disclaimer - Forward Looking Statement
Delta Resources Limited 2 Disclaimer - Forward Looking Statement CAUTIONARY STATEMENT ON FORWARD- LOOKING INFORMATION Certain information contained or incorporated by legislation, taxation, controls, regulations and political or on behalf of, us. You are cautioned that forward‐ reference in this pre
Slide 3: Share Structure at June 30, 2022
Delta Resources Limited 3 Share Structure at June 30, 2022 Shares Outstanding 49,326,674 Fully Diluted 62,766,709 Warrants Expiry date Exercise Price No. of Warrants Sept. 29, 2022 $0.35 34,650 Sept. 29, 2022 $0.50 2,226,781 Feb. 03, 2023 $0.45 428,570 Dec. 01, 2023 $0.45 4,816,425 Dec. 01, 2023 $0.
Slide 4: Finances at June 30, 2022
Delta Resources Limited 4 Finances at June 30, 2022 FINANCES Current Cash Position: Hard Cash and Cash Equivalent: $ 1,319,370 National Flow Through Funds: $ 169,798 Quebec Flow Through Funds: $ 229,974 TOTAL: $ 1,719,142 Incoming Funds (Hard Cash): Ontario Junior Exploration Program: $ 200,000 GRAN
Slide 5: Projects
Delta Resources Limited 5 Projects Delta Properties ● Delta-1 - GOLD CANADA o 50 km west of Thunder Bay. Ontario. USA o Delta to earn 100% interest | ~45 square km. ● Delta-2 – GOLD & Polymetallic o 35 km southeast of Chibougamau, Quebec. Chibougamau o Delta to earn 100% interest | ~194 square km De
Slide 6: Part 1: The Hunt for the Lemoine Mine 2.0: Delta-2 Property
Part-1: The Hunt for the Lemoine Mine 2.0: Delta-2 Property. DLTA | TSX‐V DTARF | OTC ‐ 6G01 | Frankfurt
Slide 7: Delta-2 Gold Property – Local Endowment
Delta Resources Limited 7 Delta-2 Gold Property – Local Endowment DELTA‐2 VMS PROJECT Lemoine Mine (1975‐83) (1.5km north) 0.75MT @ 4.5% Cu, 9.6% Zn, 4.5 g/t Au, 83 g/t Ag. Corner Bay Copper‐Gold (~3km north): 7.2MT @3.01% Cu & 0.26 g/t Au (Ind. & Inf.) The Cartier Gold‐Rich VMS Prospect Cartier Gol
Slide 8: About the Lemoine Mine
Delta Resources Limited 8 About the Lemoine Mine LOCATION:. 25 km SE of Chibougamau Québec 1.5 km north of the Delta-2 Property SIZE AND GRADE: Mined from 1975 to 1983. 0.76Mt at 4.2% Cu, 9.6% Zn, 4.5 g/t Au & 83 g/t Ag 175m long, from surface to 425m deep & up to 9.0m thick. DISCOVERY: In 1973 on a
Slide 9: Delta-2 VMS Project – The Lemoine Horizon
Delta Resources Limited 9 Delta-2 VMS Project – The Lemoine Horizon Lemoine Mine (1975‐1983) 757,000T @ 9.5% Zn, 4.2% Cu, 4.5 g/t Au and 82.26 g/t Ag Potential for Polymetallic VMS deposits of the Lemoine ‐Type. o The Lemoine Mine horizon is repeated structurally south of the Kapu‐Fault (see next
Slide 10: Delta-2 VMS Project – Lemoine Horizon New Interpretation
Delta Resources Limited 10 Delta-2 VMS Project – Lemoine Horizon New Interpretation Lemoine Mine Re‐interpretation of the Lemoine Mine horizon using high‐resolution magnetic surveys. Corner Bay N This high‐resolution magnetic map combined with field work, allowed Delta to re‐trace the exhalative h
Slide 11: Delta-2 VMS Project – Targets
Delta Resources Limited 11 Delta-2 VMS Project – Targets Delta-2 Project VTEM Conductor Map ‐ Delta‐2 Property Northern part of the property – VTEM At least 35 new and never tested VTEM map N conductors were selected for follow‐up field work in 2020‐21. Only a handful of outcrops were located in the
Slide 12: Delta-2 VMS Project – New BHEM Targets
Delta Resources Limited 12 Delta-2 VMS Project – New BHEM Targets BHEM Results 18 drill holes were selected for Bore Hole Electro‐Magnetic (BHEM) surveys. So far, Delta has received results from eight of these drill holes. TO DATE FOUR NEW OFFHOLE ANOMALIES/TARGETS HAVE BEEN DEFINED DLTA | TSX‐V
Slide 13: Delta-2 VMS Project – 2022 Work Planning
Delta Resources Limited 13 Delta-2 VMS Project – 2022 Work Planning Current: 721 Line‐km VTEM survey to cover the unexplored parts of the property. Current: BHEM survey of 18 drill holes (reading completed, results on 8 so far). June‐July 2022: Interpretation of extensive geochemical database
Slide 14: Part 2: Delta-2 Gold Exploration Chibougamau, Quebec
Part 2: Delta-2 Gold Exploration Chibougamau, Quebec DLTA | TSX‐V 1cm DTARF | OTC ‐ 6G01 | Frankfurt
Slide 15: Delta-2 Gold Property – Local Endowment
Delta Resources Limited 15 Delta-2 Gold Property – Local Endowment GOLD ENDOWMENT AT DELTA‐2 Chevrier Gold Zone (12 km west): 912,000 oz @ 1.34 g/t Au (Indicated‐Inferred) Corner Bay Copper‐Gold (~2km north): 7.2MT @3.01% Cu & 0.26 g/t Au (Ind. & Inf.) Joe Mann Past Producer (~15km south): 1.173Moz
Slide 16: Delta-2 Gold Project - Geology
Delta Resources Limited 16 Delta-2 Gold Project - Geology Lemoine Mine (1975‐1983) 757,000T @ 9.5% Zn, 4.2% Cu, 4.5 g/t Au and 82.26 g/t Ag GOLD AREA OF INTEREST The area of interest for gold is within ~5km of the north contact of the La Dauversiere Pluton, believed to be the source of gold for the
Slide 17: Delta-2 Gold Project – New Gold Discovery 2021
Delta Resources Limited 17 Delta-2 GOLD Project – New Gold Discovery 2021 2020‐21 Drilling Completed 31 drill holes for a total of 4,876m Drill Hole No. From To Width Au D2‐21‐28 24.60 27.10 2.50 18.88 g/t Including 0.90 50.75 g/t and 120.80 121.60 0.80 14.08 g/t D2‐21‐29 25.70 27.00 1.30 3.96 g/t a
Slide 18: Delta-2 Gold Project – OLI-R14 LiDAR
Delta Resources Limited 18 Delta-2 GOLD Project – OLI-R14 LiDAR LiDAR Image of the R14‐OLI Area Delta‐2 Project, Chibougamau, Quebec. THE OLI – R14 Gold Area Legend Glacial Flow The Light Detection And Ranging Direction LiDAR Lineament (LiDAR) image shows two distinct structures between the OLI an
Slide 19: Delta-2 Gold Project – OLI-R14 LiDAR
Delta Resources Limited 19 Delta-2 GOLD Project – OLI-R14 LiDAR LiDAR Image of the R14‐OLI Area Delta‐2 Project, Chibougamau, Quebec. THE OLI – R14 Gold Area Legend Glacial Flow The Light Detection And Ranging Direction LiDAR Lineament (LiDAR) image shows two distinct Planned Drill Holes (2022) st
Slide 20: Delta-2 Fall 2021 Drilling – Results
Delta Resources Limited 20 Delta-2 Fall 2021 Drilling – Results OLI – R14 2021‐22 Drilling 23 drill holes for 3,732m Delta’s strategy was to systematically test the structures with shallow, evenly‐spaced drill holes to gather geological and geochemical information that will help to better focus fu
Slide 21: Delta-2 Gold Project – 2022 Work Planning
Delta Resources Limited 21 Delta-2 Gold Project – 2022 Work Planning Current: Interpretation of extensive geochemical database collected during the 2021‐22 drilling program to vector towards most intense alteration within the structures. July‐Oct. 2022: Geological mapping, prospecting, sampling
Slide 22: Part 3: The Delta-1 Gold Property, Thunder Bay, Ontario
Part 3: The Delta-1 Gold Property, Thunder Bay, Ontario DLTA | TSX‐V DTARF | OTC ‐ 6G01 | Frankfurt
Slide 23: Delta-1 Project – Location & Access
Delta Resources Limited 23 Delta-1 Project – Thunder Bay, Ontario – Location & Access Moss Lake: 40Mt @ 1.1 g/t Au Indicated 50Mt @ 1.1 g/t Au Inferred • Located in the Shebandowan Greenstone Belt. • Covering 17km of the Shebandowan Shear Zone. • In the same geological setting as Wesdome’s DEPOSITS
Slide 24: Delta-1 Project – Drilling Eureka
Delta Resources Limited 24 Delta-1 Project – Drilling Eureka DELTA DRILLING PHASES November 2019: 6 drill holes for 1,009m April 2021: 7 drill holes for 1,376m May 2022: 9 drill holes for 2,719m DELTA FIELD WORK Summer 2020: Till sampling October 2020: Mapping/Sampling Current: Mapping/T
Slide 25: Delta-1 Project – 2019 Drilling Results – Eureka
Delta Resources Limited 25 Delta-1 Project – 2019 Drilling Results – EUREKA! SECTIONS ARE 200m APART Eastern Vertical Section Western Vertical Section Looking East 070⁰az. Looking East 070⁰az. DT1‐19‐5 DT1‐19‐1 DT1‐19‐6 DT1‐19‐3 DT1‐19‐4 Sy UM Sy UM Sed UM Sed Cg+Su Sh UM Sy UM UM 0.64 g/t Au over 2
Slide 26: Delta-1 Project – 2021 Drilling at Eureka
Delta Resources Limited 26 Delta-1 Project – 2021 Drilling at EUREKA 2021 DRILLING In April 2021 a drill program comprising 8 holes totaling 1,376m was completed. Results from the program included 1.25 g/t over 18.0m, 1.20 g/t over 10.0m, and 0.97 g/t over 20.0m. As a result, mineralization has been
Slide 27: Delta-1 Project – 2021 Drilling at Eureka
Delta Resources Limited 27 Delta-1 Project – 2021 Drilling at EUREKA 2021 DRILLING The zone strikes generally EW and dips 45 degrees towards the north. The zone is open in all directions and the presence of hydrothermal breccias increases at depth. DLTA | TSX‐V
Slide 28: Delta-1 Project – Breccias and Gold Mineralization
Delta Resources Limited 28 Delta-1 Project –Breccias and Gold Mineralization Quartz‐ankerite‐pyrite veinlet in highly altered sandstone Quartz‐ankerite‐chlorite‐pyrite veinlet with visible gold from drill hole D1‐21‐9 at 89.5m. Three of these veinlet are from drill hole D1‐21‐11 at 64m. The gold spe
Slide 29: Delta-1 Project – 2022 Drilling at Eureka
Delta Resources Limited 29 Delta-1 Project – 2021 Drilling at EUREKA 2022 DRILLING In May 2022 Delta completed 9 drill holes for a total of 2,719m, testing the east and west strike extents of the Eureka mineralization as well as its depth potential. Results are all pending but the zone was intersect
Slide 30: 2022 Work Planning
Delta Resources Limited 30 Delta-2 VMS Project – 2022 Work Planning May 2022: 9 drill Holes for a total of ~3,000m. RESULTS PENDING June‐Oct. 2022: Geological mapping, prospecting, sampling and trenching program. RESULTS PENDING o Ground‐proofing new till anomalies in Au and another in Cu‐Ni‐Co.
Slide 31: Contact us
Delta Resources Limited 31 Contact us Leaving no stone unturned. Contacts: André C. Tessier, President & CEO atessier@deltaresources.ca Frank Candido, Chairman & VP‐Corporate Communications fcandido@deltaresources.ca www.deltaresources.ca 1718 Christine Cr, Kingston, On, CANADA, K7L 4V4 Tel: 613‐328