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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

Comment by abc123manon Sep 12, 2023 10:16am
146 Views
Post# 35631309

RE:RE:RE:News

RE:RE:RE:NewsOne of the negative consequences of drilling in the main area is that the result(s) will likely stay the same and the ability to generate strong shareholder value in their stock will be limited because the future deposit already has max caps on grade and lateral length. If no new drilling along trend is found at best this will be a open pit over 1km with <2 gt au. Unfortunately, if no significant areas are found the short term possibilities to create shareholders value is limited to plateau in my opinion.
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