Delta Provides 2023 Year in Review at Its Delta-1 Thunder Bay Project

Delta Resources Limited is pleased to provide a summary of its exploration results from the Delta-1 Gold project located 50 km west of Thunder Bay.

In 2023, Delta completed sixty (60) drill holes for a total of 19,620 metres at the Delta-1 project. This brings the total drilling at the property to eighty-six (86) drill holes or 26,288 metres, since Delta's 2019 acquisition of the project. Other exploration work at the property in 2023 include a geological mapping, prospecting and sampling program that covered approximately ten (10) square kilometres as well as a 3D induced polarization geophysical survey and a high-resolution drone magnetic survey.

The objective of this exploration program was to follow-up on Delta's discovery drill holes released in October 2022 and January 2023, including D1-22-18: 5.92 g/t Au over 31.0 metres including 14.8 g/t Au over 11.9 metres, D1-22-24: 6.49 g/t Au over 10.0 metres and D1-22-25: 130.0 g/t Au over 1.0 metre, 1.2 g/t Au over 20.0 metres and 1.66 g/t Au over 18.1 metres.

HIGHLIGHTS OF DELTA'S 2023 DRILLING PROGRAM:

DELTA GOLD ZONE: A gold mineralized zone was outlined over 1.8 kilometres long, extending from surface to a vertical depth of over 250 metres, with a true width of up to 100 metres (figures 1 and 2). The zone, which remains open on strike and at depth, is located immediately south of the Trans-Canada Highway, on a topographic high in an area that has largely been logged and where active logging is currently taking place. The area is largely uninhabited and there are no nearby lakes or rivers therefore greatly reducing any potential environmental issues. 

STRUCTURAL CORRIDOR HOSTING THE GOLD: The gold mineralization is hosted by a structural corridor with intense alteration and high background in gold, that was traced over a strike length of approximately 4.5 kilometres (figure 1). This corridor remains largely unexplored.

EAST EXTENSION: East of the main gold mineralized zone, Delta has traced low-grade gold mineralization over a strike length greater than 600 metres (Figure 1), at shallow depths, with widely spaced drilling including D1-23-45: 0.63 g/t Au over 12.5 metres, D1-23-47: 0.30 g/t Au over 36.5 metres, D1-23-48: 0.30 g/t Au over 48.7 metres, D1-23-74: 0.49 g/t Au over 15.5 metres. These intercepts are believed to be part of gold-enriched halo of a higher-grade core that will be explored in future drilling.

WEST EXTENSION: West of the gold mineralized zone Delta has traced the gold mineralization with a 250-metre step-out drill hole that intersected 0.63 g/t Au over 10.5 metres (D1-23-83) These intercepts are believed to be part of gold-enriched halo of a higher-grade core that will be explored in future drilling.

STRUCTURAL CONTROLS OF THE GOLD MINERALIZATION: Drilling has provided extremely valuable information about the structural controls and geometry of the gold mineralized zone. Gold occurs in a stockwork of quartz-ankerite veinlets with 1-2% disseminated pyrite, trace arsenopyrite and occasional visible gold. The zone strikes 290° azimuth and dips steeply towards the north. At least one higher-grade shoot, approximately 300 metres of strike length, appears to plunge at 40° towards the west (Figure 2).

FULLY FUNDED FOR 2024: Following Delta's $10M bought deal financing in May of 2023, Delta's exploration program is fully funded for 2024. 

André Tessier, President and CEO commented: "What an exciting year 2023 has been for Delta Resources. The Delta-1 Gold discovery is now shaping up to be very significant. Counting the western and eastern extensions to the Main Zone, the gold mineralization was intersected over 2.8 kilometres with a higher-grade core that is nearly one kilometre long. The structure that hosts the mineralization was traced over nearly five kilometres and is largely untested. This is a true testament to the size and potential of the mineralized system." 

Tessier continued: "This has all occurred within one year. The year to come will surely bring its share of excitement as we continue our exploration with the extra knowledge we now have on the gold system."

Tags: Northern Ontario / Operational Updates / Gold / All Articles