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Delta Resources Limited V.DLTA

Alternate Symbol(s):  DTARF

Metals & Mining Industrial Metals & Minerals
Delta Resources Limited is a Canadian mineral exploration company. The Company is focused on the exploration of two high-potential 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 Company has a 100% interest in the Ternowesky property, further expanding its land position at the Delta-1 property in Thunder Bay, Ontario. The expansive property consists of 443 claim units spanning over seven townships and covering over 93 square kilometers (km2). Its land package covers over 306 square kilometers (km2) in the central portion of the Shebandowan Greenstone Belt. The DELTA-2 property covers 205 square kilometers (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.


TSXV:DLTA - Post by User

Delta Resources Limited
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Post by christophwaltzon May 15, 2021 8:49pm
186 Views
Post# 33210649

Option to buy land adjacent to the Chibougamou property.

Option to buy land adjacent to the Chibougamou property.https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1351-tsx-venture/dlta/99182-delta-announces-option-agreement-to-acquire-the-dollier-property-from-cartier-resources-to-add-to-its-vms-property-package-in-chibougamau-quebec.html

Not nothing. Nothing crazy though. Just basically buying call options on themselves in advance of any major drill results at their Chibougamou site. If $hit pops off well then they start off with a foot in the door for that site (inexpensive too).

They could just be prepping their narrative (which I'm completely fine with for that price), or they could really have something and want to make sure they get it all. Or some combination of those two.

Here's hoping they announce great drill results and/or get a JV partner and/or sell a claim for a boat load some time in 2021.
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Dealroom for high-potential pre-IPO opportunities