Kingston, Ontario--(Newsfile Corp. - September 12, 2023) - Delta Resources Limited (TSXV: DLTA)(OTC Pink: DTARF) (FSE: 6GO1)("Delta" or "the Company") is pleased to provide initial assay results from its second phase of drilling at the Delta-1 Gold project located 50 km west of Thunder Bay, Ontario.
Results from twenty-three (23) drill holes have been received so far and the most significant results are shown in Table 1 below. Delta has completed forty-four (44) drill holes so far in this ongoing drilling program for a total of 14,955 metres. Delta is completing drill hole D1-23-82 and assay results remain pending for drill holes D1-23-62 to D1-23-82.
Including the early exploration holes drilled in late 2019, less than 25,000 metres of total drilling has been completed by Delta so far at the Delta-1 property.
Highlights:
- High-grade gold shoots are being defined from surface within the Alpha and Beta mineralized zones with drill hole D1-23-60 (1.79 g/t over 128.5 metres from 25.5 metres; inc. 2.16 g/t gold over 97.5 metres from 25.5 m to 123 m) (Figures 1 and 2),
- The Gamma zone, previously intersected at depth only, has now been extended to surface with drill hole D1-23-53 (1.18 g/t Au over 42 metres from 8 metres) (Figure 3),
- The Beta zone was extended to a vertical depth of approximately 220 metres, some 50 metres east of drill hole D1-23-25 with drill hole D1-23-54 (1.00 g/t Au over 15.0 metres) (Figures 1 and 2),
- A new, near-surface gold zone was discovered south-west of Eureka with drill holes D1-23-57 (1.39 g/t Au over 3.5 metres) and D1-23-58 (1.34 g/t Au over 5.0 metres) (Figure 4). The zone needs further testing.
- Widely spaced drill holes D1-23-40 to D1-23-52 successfully intersected the gold-bearing alteration corridor hosting the Eureka Gold Mineralization at shallow depths (often referred to as "Deep Blue"). The corridor was extended another 500 metres to the east with lower-grade intercepts (example: 0.92 g/t Au over 16.4 metres in D1-23-40, 0.58 g/t Au over 30.5 metres in D1-23-43 or 0.30 g/t Au over 48.7 metres) (Figure 4). Future drilling is planned to test and locate the high-grade gold shoots within this structure, as defined within the Eureka Zone.
Andr Tessier, President and CEO commented:"More exciting results from Delta-1. Drill hole D1-23-60 was testing an interpreted high-grade ore-shoot and did not disappoint. The mineralized area is expanding in every direction, grades are improving and our drilling has located the strongly altered corridor that hosts the gold mineralization for over five-hundred metres to the east. As we continue to gain more knowledge about the controls of the gold mineralization, we believe the team will have continued success at hitting the known zones and discovering new zones. Drilling so far has demonstrated the strength of the mineralizing system and we look forward to continue to prove the scale of this mineralized area."
Gold mineralization at Eureka, occurs within a 300-metre to 400-metre-wide corridor of highly altered (ankerite-calcite-silicification and albitization) rocks exhibiting highly anomalous gold values of up to 0.5 g/t gold. Within the high-grade mineralized portions of this corridor, a stockwork of quartz-ankerite-pyrite-gold veinlets is observed. The density of veinlets is generally proportional to gold grade. Three parallel gold zones are generally observed, from north to south: the Alpha, Beta and Gamma zones. The Beta Zone is the most