Home > News > Delta Resources begins...

Delta Resources begins drilling in Thunder Bay

May 13, 2022

Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6G01("Delta" or "The Company") is pleased to announce that drilling has begun on its Delta-1 Gold property in Thunder Bay, Ontario 50 kilometres west of Thunder Bay, Ontario. The initial drill campaign includes 10 holes for approximately 3,000 metres.

Delta has outlined a gold zone over 450 metres long and 20 metres wide, extending from surface to 150 metres vertical. The zone is open in all directions. The zone grades approximately 1 g/t Au and is located at the core of a gold halo grading 0.2-0.4 g/t Au over 100-150m in width. The zone is currently outlined with only 1,680 metres of drilling to date and the current drill campaign is to extend the mineralized zone for another 300 metres on strike and up to a depth of 250 metres.

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

Thunder Bay Exploration is Heating Up

White Metal Resources Corp. recently announced on May 2, 2022 that it had intersected 466.5 metres averaging 0.51 g/t Au which also included 267m of 0.71g/t Au at Tower Mountain 10 kms southeast of the Delta-1 Property.

Better known and much further advanced in its exploration campaign is Goldshore Resources which recently announced on May 5, 2022 that it had intersected 128.3 metres grading 1.1 g/t Au from the Moss Lake Deposit with an additional parallel zone 5.31 g/t Au over 16.0 metres with visible gold. Moss Lake is located 50 kms west of the Delta-1 Property, on the same structure.

Delta to Receive $200,000 Grant from OJEP

Delta is also pleased to announce that it was selected to receive a $200,000 grant from The Ontario Junior Exploration Program ("OJEP") to further advance its Delta-1 Gold Property in Thunder Bay, Ontario. OJEP helps junior mining companies finance early exploration projects. These projects help boost mineral exploration, growth and job creation in the province, particularly in northern and Indigenous communities. Delta was one of 18 companies selected by OJEP to receive this grant. To learn more about the program, please visit OJEP at the following link; https://www.ontario.ca/page/ontario-junior-exploration-program#section-3.

Delta-2 VMS Property in Chibougamau, Quebec

Delta recently completed approximately 7,574 metres of drilling in 36 holes. All assay have been sent to the lab and results are currenly pending. Delta will report the results from the lab once they have been received and compiled. The Delta-2 VMS project is 35 kilometres southeast of Chibougamau, Quebec. Additional gravity and VTEM geophysical surveys are also planned to cover the newly acquired Dollier-Cartier property which is contiguous to the Delta-2 VMS claims.

Delta to Attend the Vancouver Resource Investment Conference ("VRIC")

Delta is also pleased to announce that Mr. Frank Candido, Chairman and Vice President of Corporate Communications at Delta will be in attendance at the Vancouver Resource Investment Conference on May 17 and 18, 2022. Delta will have a booth and the conference and invites all its shareholders, stakeholders and interested parties to drop by booth #1029 and learn more about its 2 exciting projects in Quebec and Ontario, Canada. To learn more about VRIC, please visit https://cambridgehouse.com/vancouver-resource-investment-conference.

About Delta Resources Limited

Delta Resources Limited is a Canadian mineral exploration company focused on growing shareholder value through the exploration of two very high-potential gold and base-metal projects in Canada.

  • DELTA-1, 45 km2 located 50km west of Thunder Bay, Ontario where 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.

Tags: Northern Ontario / Press Releases / Gold / All Articles