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Delta Resources Limited V.DLTA

Alternate Symbol(s):  DTARF

Delta Resources Limited is a Canadian mineral exploration company. The Company is focused on the exploration of two gold and base metal projects in Canada. The Company’s flagship project, Delta-1 Property, is located 50 kilometers (km) west of the City of Thunder Bay, Ontario, on the surface and adjacent to the Trans-Canada highway. The property covers approximately 107 square kilometers (km2). The Delta-2 property is located roughly 35 km southeast of the town of Chibougamau. Its claims are located within the La Dauversiere, Queylus, Dollier, Charron and Lemoine Townships. The Delta-2 property covers approximately 194 km2 in the prolific Chibougamau District of Quebec. The property holds the potential for gold-rich polymetallic volcanogenic massive sulfide ore (VMS) deposits, as well as hydrothermal-gold deposits. It also has over 21 claims at the Heart of the Delta-2 Property in Chibougamau, Quebec.


TSXV:DLTA - Post by User

Bullboard Posts
Comment by taylor1988on Jan 26, 2012 5:11pm
547 Views
Post# 19454524

RE: RE: RE: hope you took some profits skier :)

RE: RE: RE: hope you took some profits skier :)

This hole will definitely put a floor in the share price here but I think you're getting way ahead of yourself with this statement:

 

"GNH has shown the market many interesting intersections and in my opinion far superior to many others out there such as NES and TRR."

 

Other than the single intersection reported today GNH has no intersections comparable to the more impressive intercepts reported by TRR/NES.

 

GNH's best bulk tonnage drill hole is 114 m @ 1.3 g/t au

TRR's best bulk tonnage drill hole is 520 m @ 1.44 g/t au

NES' best bulk tonnage drill is 317 m @ 5.80 g/t au

 

GNH is not even comparable to TRR/NES.

 

The main difference between the three companies is that GNH has a potential for about 1 million ounces of gold to date and TRR/NES both have multi-million ounce deposits.

 

GNH certainly reported a hell of a hole today but without confirmation of these grades with more holes this is a one hit wonder and hardly comparable to juniors like NES/TRR who average intersections in the 500 gram meter range and GNH averages them in 10 - 50 gram meter range besides this one isolated intercept.

 

 

 

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