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Delta Resources Limited V.DLTA

Alternate Symbol(s):  DTARF

Delta Resources Limited is a mineral exploration company. It is focused on the exploration of two high-potential gold and base-metal projects in Canada. Its flagship project, Delta-1 Property, is located 50 kilometers west of the City of Thunder Bay, Ontario, on the surface and adjacent to the Trans-Canada highway. It has a 100% interest in the Ternowesky property, further expanding its land position at the Delta-1 property in Thunder Bay. The expansive property consists of 443 claim units spanning over seven townships and covering over 93 square kilometers (km2). Its land package covers over 308 square kilometers (km2) in the central portion of the Shebandowan Greenstone Belt. The DELTA-2 property covers 205 km2 in the prolific Chibougamau District of Quebec. The property holds the potential for gold-rich polymetallic VMS deposits, as well as hydrothermal-gold deposits. It also has a 100% interest in the Orebot property and 19 additional claims on strike with the Eureka Gold Deposit.


TSXV:DLTA - Post by User

Bullboard Posts
Comment by jRtrader1on Dec 15, 2010 2:31pm
251 Views
Post# 17851472

RE: gbb was right there, all the time..

RE: gbb was right there, all the time..Nothing has really changed with the fundamentals of this stock though.  Were results in September supportive for a 1 dollar stock.. No they weren't.  Were they bad enough that this is a 30 cent stock?  Considering the land mass these first holes represented was so fractional of the over all picture this stock should be priced higher, in my opinion 50-60 cent range is fair value right now.  These companies should be traded with some hype priced in.. the land mass is huge and does still indeed have the potential to host a huge amount of gold.  It is very easy to get down when you see stocks drip a few pennies a day.. But one must remember that in the world of explorers it could trade back to a dollar in a few weeks.. Just how the game goes..  You maybe right about seeing it trade in the 20's soon.  However I for one would be shocked to see this at 30 cents next year.. Considering we will be reading about drill holes in a more promising area any week now,  Which should bring better grades deeper strikes,  then Bulk sampling  results  which in all likely hood will raise the grade values of the previously drilled holes...  Most importantly we will be reading about results from holes drilled more then 5 kilometers from this site..  Any gold found there would provide compelling evidence of a belt.   And not to mention the overall picture for gold looks very bullish in 2011..  Although i agree with you GBB is a great company with a talented management team with decent resource they are proving (i am a GBB share holder)  GNH has the potential to prove up a new belt in southern Quebec.. If 2011 brings proof of this.. I think you will see GNH with a greater SP then GBB without a doubt.   Time will tell who's right.  Good luck to all.
Bullboard Posts