- Delta Resources (DLTA) acquires 8 additional claims near its Delta-1 property in Ontario
- The company will issue 80,000 shares to earn 100 per cent interest in the claims
- Through the agreement, Delta adds an additional 177 hectares to its property in the Shebandowan Greenstone Belt
- The Delta-1 property covers a 17-kilometre strike extent of the Shebandowan Structural Zone
- Shares of Delta Resources (DLTA) are up 2.20 per cent to C$.47 as of 10:08 a.m. EDT
Delta Resources Limited (DLTA) has acquired 8 additional claims near its Delta-1 property in Thunder Bay, Ontario.
The company will issue roughly 80,000 shares to earn 100 per cent interest in the claims. Thanks to the agreement, Delta adds 177 hectares to its 58.3 square kilometre property in the Shebandowan Greenstone Belt.
The Delta-1 property is located 50 kilometres west of Thunder Bay, Ontario where a gold mineralized zone stretching 1,500 metres has been outlined through drilling in a multi-kilometre-scale intense alteration halo.
Some of the best grades to date include a drill intercept of 14.8 g/t gold over 11.9 metres within a broader interval of 5.92 g/t gold over 31 metres.
Delta Resources’ Delta-2 VMS and Delta-2 Gold span 194 square kilometres in the Chibougamau District of Quebec. The property has the potential for gold-rich polymetallic VMS deposits and hydrothermal-gold deposits.
Shares of Delta Resources (DLTA) are up 2.20 per cent to C$.47 as of 10:08 A.M. EDT.