Delta Resources announces positive initial phase 2 drill results from Delta-1The results indicate the definition of high-grade gold shoots from surface within the Alpha and Beta mineralized zones. One notable drill hole, D1-23-60, showed gold grades of 1.79 g/t over 128.5 meters from a depth of 25.5 meters. This included a higher-grade section of 2.16 g/t gold over 97.5 meters, also from 25.5 meters to 123 meters.
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2023-07-13 | Lauren Kelly, Gold Investing News
Top 5 Junior Gold Stocks on the TSXV in 2023Year-to-date gain: 158.33 percent; market cap: C$22.14 million; current share price: C$0.31 Canada-focused Delta Resources has the Delta-1 gold-nickel-copper project in Ontario and the Delta-2 gold-copper project in Quebec. The gold company kicked off the first phase of its two phase 2023 drilling program at Delta-1 in mid-January. Delta announced on March 1 that the exploration at Delta-1 was intersecting visible gold in drill cores. Its share price started climbing following the news, and a run in the gold price supported the company’s gains. Delta started March at C$0.14 and by March 31 its share price had climbed to C$0.40. Multiple news items in April brought Delta’s share price to further heights. On April 20 and April 25, Delta shared assays that included wide zones of gold mineralization, and on April 24 the company commenced the next phase of its drilling. Lastly, on April 27, Delta announced a C$7 million bought-deal private placement financing. After climbing steadily over the previous week, that day the company’s share price hit a year-to-date high of C$0.60. While its performance has cooled, Delta has continued to release significant news related to its work at Delta-1, including the addition of 20,000 meters of further drilling to expand the mineralized zone and test property-scale targets. The company’s most recent news came on July 13, when it acquired four mineral exploration properties contiguous to Delta-1, doubling its land position.
source: Gold Investing News – https://investingnews.com/best-junior-gold-stocks/
A New High-Grade King of Thunder Bay?
Delta Resources and its Delta-1 gold project which is showing immense promise for the Canadian mining industry and achieving a new standard in high-grade gold.
Delta Resources (TSX-V: DLTA) (OTC: DTARF) is currently aggressively exploring the Delta-1 project. Having recently closed at $10M bought deal financing, Delta has over $11M in the till to advance this project to the next level.
Having already identified high-grade gold in the area of underexplored Thunder Bay in Ontario, the Delta-1 project may revitalize of the mining industry in Northern Ontario.
source: The Resource Report – https://theresourcereport.com/article/a-new-high-grade-king-of-thunder-bay
Delta Resources Has Found A Project With Open Pit Potential And Extreme High-Grade Gold
Delta Resources has hit extreme high-grade gold up to 1 636 g/t gold. The project is 50km outside Thunder Bay, Ontario, just off the Trans-Canada Highway.
Delta Resources Limited is focused on the exploration of two very high-potential Gold and base-metal projects in Canada
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