Delta Resources drills 14.8 g/t gold over 11.9 metres at Delta-1, Ontario

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Delta Resources Ltd. [DLTA-TSXV; DTARF-OTC; 6G01-FSE] reported results from its 2022 drilling program at the Eureka gold deposit, part of the 100%-owned DELTA-1 project 50 km west of Thunder Bay, northern Ontario. A total of 2,719 metres were completed in nine drill holes during this program.

All nine drill holes of the 2022 program intersected the gold-bearing zone with the easternmost drill hole of the program returning assays of:5.92 g/t gold over 31.0 metres, including 14.80 g/t gold over 11.9 metres, including 72.95 g/t gold over 2.2 metres

The mineralized zone has now been intercepted over a strike length of 850 metres with the best grades increasing towards the east.

Andre Tessier, President and CEO commented: “These first high-grade results at Delta-1 are very encouraging and could indicate a significant and higher-grade area at Eureka. In addition to seeing very wide intercepts of low-grade gold, we are now seeing the potential for high-grade zones, particularly towards the east where the zone has never been tested. Based on the visual identification of significant native gold alone, Delta mobilized a drill to complete two additional holes in the eastern extension of the zone and the team is eagerly awaiting the results from these holes.”

The mineralized zone trends roughly 100 azimuth, dips 50 towards the north, and has now been intersected over a strike length of approximately 850 metres and a vertical depth exceeding 200 metres.

The gold mineralization is hosted within a sandstone, near its contact with ultramafic volcanic flows to the south. Kilometre-scale, texture destructive alteration consists of intense ankeritization, sericitization and silicification. There appears to be a spatial association between gold mineralization and amphibole-feldspar-phyric intermediate dikes that are also affected by alteration. Gold mineralization consists of a network of multiple generations of quartz-ankerite-pyrite veinlets locally with disseminated grains of visible gold.

The Delta-1 project is located in the Shebandowan Greenstone Belt and covers a 17 km strike extent of the Shebandowan Structural Zone which also hosts the low-grade – high-tonnage Moss Lake gold deposit (Goldshore Resources), 50 km to the west.

Complete drill results from the mineralized zone are shown in the original company press release and included 0.39 g/t gold over 63.40 metres, 0.33 g/t gold over 134.00 metres, as well as 0.32 g/t gold over 110.00 metres.

The results clearly warrant a follow-up drilling program, the extent of which will be determined shortly. Meanwhile, based on the visual examination of drill hole D1-21-18 alone, and as previously announced on September 27, 2022, a drill was mobilized to complete two additional drill holes. A crew was also mobilized to the property for a mechanical trenching program to better expose the mineralized zone at surface.

Delta will be receiving up to $200,000 upon completion of its exploration program at Delta-1 from the Ontario Government via the Ontario Junior Exploration Program (OJEP).

Delta Resources has two very high-potential gold and base-metal projects in Canada. DELTA-1, Ontario where the Eureka gold zone has now been outlined over a strike length of 850 metres. An extremely high gold-in-till anomaly and kilometre-scale gold-bearing alteration halo point to a never-tested regional structure. DELTA-2 GOLD and DELTA-2 VMS, 194 km2 in the prolific Chibougamau District of Quebec, with a potential for hydrothermal-gold and gold-rich VMS deposits.


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