- Delta Resources (DLTA) has further expanded its land position at the Delta-1 project in Thunder Bay, Ontario
- The company acquired the exclusive rights to buy the surface and mining rights to a property next to its Delta-1 property
- The 670,000 square metre property is contiguous with Delta-1, bolstering its land position on strike with the Eureka Gold Prospect for a strike length of 4.2 kilometres
- Delta Resources Ltd. (DLTA) is up 27.27 per cent, trading at C$0.14 as of 10:50 am ET
Delta Resources (DLTA) has further expanded its land position at the Delta-1 project in Thunder Bay, Ontario.
The company acquired the exclusive rights to buy the surface and mining rights to a property next to its Delta-1 property. The 670,000 square metre property is contiguous with Delta-1, bolstering its land position on strike with the Eureka Gold Prospect for a strike length of 4.2 kilometres.
The company now controls a total area of 58.3 square kilometres, straddling the Shebandowan Structural Zone in the Shebandowan Greenstone Belt. The Delta-1 property is located in the Shebandowan Greenstone Belt. It covers a 17 km strike extent of the Shebandowan Structural Zone which also hosts the 4.17 million-ounce Moss Lake gold deposit 50 km to the west.
Delta has also fulfilled all the requirements to acquire a 100 per cent interest in the Delta-2 Property, located in the Chibougamau Mining District of Quebec. Additional drilling is planned in 2023 to explore for a LeMoine-Type VMS deposit. The former LeMoine Mine (0.76MT at 9.6 per cent Zn, 4.2 per cent Cu, 4.5 g/t Au and 83 g/t Ag) operated between 1975 and 1983 and is located 1.5 kilometres north of Delta’s property boundary.
Delta Resources Ltd. (DLTA) is a Canadian mineral exploration company focused on exploring two high-potential gold and base-metal projects in Canada.
The company has 100 per cent ownership in the DELTA-1 Gold project in Thunder Bay, Ontario, Delta-2 Gold polymetallic project in Chibougamau, Quebec and the Bellechasse-Timmins Gold project located in southeastern Quebec.
Delta Resources Ltd. (DLTA) is up 27.27 per cent, trading at C$0.14 as of 10:50 am ET.
