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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 10:17pm
467 Views
Post# 19455468

RE: RE: RE: RE: RE: hope you took some profits ski

RE: RE: RE: RE: RE: hope you took some profits ski

I'd rather have 7 million ounces at 1.0 g/t (TRR) au than 0.5 million ounces @ 2.0 g/t au (GNH). 

 

Other than today's hole GNH's average grade is in the 2.0 g/t au range.. hardly impressive given the tonnage.

 

NES has over 20 holes into their breccia with dimensions of 250 X 150 X 250 at a grade of 3.0 g/t au for a potential resource of 2.8 million ounces of gold.  They also have a halo of low grade bulk tonnage in the 1.0 g/t au range when complimented with silver that will amount to another 2.5 million ounces.

 

The breccia resource that comprises 20% of NES' property drilled to date of 2.5 + million ounces is more gold than GNH will prove up in the next 2 years. 

 

Do you ever wonder why James West wrote off GNH @ 18 cents (52 week lows) yet continues to recommend NES @ $2.80 (at 52 week highs)?

 

 I don't know what you're trying to argue here.. since December 2011 NES has more than doubled and GNH' share price has been cut in half.. are you trying to argue this happened absent of fundamentals?

 

 

 

 

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