Delta Resources drills 2.25 g/t gold over 27.8 metres at Delta-1, Ontario
Delta Resources Ltd. [TSXV-DLTA; OTCQB-DTARF; FSE-G01] provided additional assay results from its second phase of drilling previously announced on June 6, 2023 at the Delta-1 Gold project located 50 km west of Thunder Bay, Ontario.
Results of five additional drill holes are provided in Table 1 below following the release of 28 drill holes on September 12, 2023 and October 5, 2023.
So far in 2023, Delta has completed 60 drill holes (D1-23-26 to D1-23-86) for a total of 19,620 metres. Assay results for 15 drill holes are still pending.
Highlights: Increased Gold Inventory at Delta-1: D1-23-69 intersected 2.25 g/t gold over 27.8 metres, including a two-metre interval grading 16.16 g/t gold. This intersection extends the Beta Zone near surface for 50 metres west of drill holes D1-23-29 and D1-23-30, further extending a zone grading over 2 g/t gold at surface.
D1-23-70 extended the mineralized envelope 100 metres west of drill hole D1-23-69. With near-surface gold intercepts grading significantly above what is anticipated as cut-off grades of 0.3 g/t gold for a potential open pit operation.
D1-23-67 intersected 0.95 g/t gold over 20.2 metres; fills a gap in drilling between drill holes D1-23-38 and D1-23-40; shows the continuity of the gold mineralized zone to the east of the NE-trending cross-fault responsible for the offset of the mineralized zone.
Drill hole D1-23-68 intersected 0.54 g/t gold over 64.6 metres. Located 100 metres below drill hole D1-23-40, east of the NE-trending cross-fault.
New High-Grade Zones intercepted at depth: D1-23-67 intersected 24.4 g/t gold over 1.5 metres. D1-23-68 intersected three new zones returning 0.98 g/t gold over 27.3 metres, 12.5 g/t gold over 1.0 metres and 11.2 g/t gold over 1.5 metres.
Andre Tessier, President and CEO, commented: “We continue to receive very encouraging drill results at Delta-1 and our level of excitement continues to grow. The new results are actively being integrated into our ongoing geological modelling and target review process. Once this review process has been completed, we look forward to continuing the drill program with the objective of growing the size of this very exciting gold project in this exceptional Canadian location surrounded by tremendous infrastructure.”
The Delta-1 project is located in the Shebandowan Greenstone Belt and covers a 19 km strike extent of the Shebandowan Structural Zone. Gold mineralization at Eureka, occurs within a broad corridor of highly altered (ankerite-calcite-silicification and albitization) rocks exhibiting highly anomalous gold values of up to 0.2 g/t gold.
Delta has paused drilling in early October 2023 to analyze and further interpret the very large amount of geological, structural and geochemical data accumulated since the beginning of this phase of drilling. Assay results for 15 drill holes are still pending. Delta is currently completing a 37-line-km 3D Induced Polarization survey to better characterize the known mineralized zone and explore the extensions of the gold-bearing structure. Delta also started probing selected drill holes using a downhole televiewer instrument which is collecting valuable structural information on possible fault and vein orientations. This multidisciplinary approach will be used to help vector towards new mineralized zones within the gold-bearing structure. Delta will resume its drill campaign shortly after this work is completed.
Delta Resources would like to acknowledge the financial support provided by the Ontario Government via the Ontario Junior Exploration Program. Delta will be receiving up to $200,000 upon completion of its exploration program at Delta-1.
DELTA-1 is the cpompany’s flagship project, where the company is building gold ounces 50 km west of Thunder Bay, Ontario, at surface and adjacent to the Trans-Canada highway. To date, the gold mineralization is defined over 1.8 km from surface to a vertical depth of 250 metres. Highlights include drill intercepts such as 5.92 g/t gold over 31 metres (incl. 14.8 g/t Au over 11.9 m), and 1.79 g/t gold over 128.5 metres. The property covers 107 km2 and Delta has identified a 5-km long corridor of intense alteration and deformation at the property, on strike with the gold zone, that has yet to be thoroughly explored.