Delta Resources drills 14.8 g/t gold over 11.9 metres at Delta-1, Ontario

Delta Resources Ltd. [DLTA-TSXV; DTARF-OTC; 6G01-FSE] reported results from its 2022 drilling program at the Eureka gold deposit, part of the 100%-owned DELTA-1 project 50 km west of Thunder Bay, northern Ontario. A total of 2,719 metres were completed in nine drill holes during this program.

All nine drill holes of the 2022 program intersected the gold-bearing zone with the easternmost drill hole of the program returning assays of:5.92 g/t gold over 31.0 metres, including 14.80 g/t gold over 11.9 metres, including 72.95 g/t gold over 2.2 metres

The mineralized zone has now been intercepted over a strike length of 850 metres with the best grades increasing towards the east.

Andre Tessier, President and CEO commented: “These first high-grade results at Delta-1 are very encouraging and could indicate a significant and higher-grade area at Eureka. In addition to seeing very wide intercepts of low-grade gold, we are now seeing the potential for high-grade zones, particularly towards the east where the zone has never been tested. Based on the visual identification of significant native gold alone, Delta mobilized a drill to complete two additional holes in the eastern extension of the zone and the team is eagerly awaiting the results from these holes.”

The mineralized zone trends roughly 100^◦ azimuth, dips 50^◦ towards the north, and has now been intersected over a strike length of approximately 850 metres and a vertical depth exceeding 200 metres.

The gold mineralization is hosted within a sandstone, near its contact with ultramafic volcanic flows to the south. Kilometre-scale, texture destructive alteration consists of intense ankeritization, sericitization and silicification. There appears to be a spatial association between gold mineralization and amphibole-feldspar-phyric intermediate dikes that are also affected by alteration. Gold mineralization consists of a network of multiple generations of quartz-ankerite-pyrite veinlets locally with disseminated grains of visible gold.

The Delta-1 project is located in the Shebandowan Greenstone Belt and covers a 17 km strike extent of the Shebandowan Structural Zone which also hosts the low-grade – high-tonnage Moss Lake gold deposit (Goldshore Resources), 50 km to the west.

Complete drill results from the mineralized zone are shown in the original company press release and included 0.39 g/t gold over 63.40 metres, 0.33 g/t gold over 134.00 metres, as well as 0.32 g/t gold over 110.00 metres.

The results clearly warrant a follow-up drilling program, the extent of which will be determined shortly. Meanwhile, based on the visual examination of drill hole D1-21-18 alone, and as previously announced on September 27, 2022, a drill was mobilized to complete two additional drill holes. A crew was also mobilized to the property for a mechanical trenching program to better expose the mineralized zone at surface.

Delta will be receiving up to $200,000 upon completion of its exploration program at Delta-1 from the Ontario Government via the Ontario Junior Exploration Program (OJEP).

Delta Resources has two very high-potential gold and base-metal projects in Canada. DELTA-1, Ontario where the Eureka gold zone has now been outlined over a strike length of 850 metres. An extremely high gold-in-till anomaly and kilometre-scale gold-bearing alteration halo point to a never-tested regional structure. DELTA-2 GOLD and DELTA-2 VMS, 194 km² in the prolific Chibougamau District of Quebec, with a potential for hydrothermal-gold and gold-rich VMS deposits.

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