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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

Comment by abc123manon Sep 12, 2023 10:16am
168 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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