Delta Resources Limited V.DLTA

Alternate Symbol(s): DTARF

Metals & Mining Gold

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

Delta Resources Limited

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Comment by jRtrader1on Jan 04, 2011 3:44pm

286 Views

Post# 17923867

RE: RE: Sad turn-around today.

Meh, i don't think it will Pat. A lot of this selling is due to the Price of gold. It's not like most gold explorers are up they are almost all down. Tomorrow is TFSA day i believe and that may give us a boast. Gold held (mostly) the 50 dma. So likely tomorrow you will see the price rebound a little. If GNH breaks 38 tomorrow and the Price of gold is up. I will worry a bit. But I have a feeling the trend reverses tomorrow, especially considering the finance price (lower price) was 40 so its doubtful we go much below that. Just my opinion though

JR

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