Delta Resources shows improved results near Thunder Bay

Delta Resources (TSXV: DLTA) has provided an updated gold intercept of Delta-1 Gold project and assay results appear to be going up. […]
Core samples from Delta-1 gold project. Delta Resources Limited photo

Delta Resources (TSXV: DLTA) has provided an updated gold intercept of Delta-1 Gold project and assay results appear to be going up. Delta-1 is located 50 km west of Thunder-Bay, Ontario.

In an update from Feb. 9, Delta had announced a gold intercept of 5.32 g/t over 8.0 metres on drill hole D1-22-24. The newest update, which includes additional metallic sieve analyses of the mineralized zone have now increased the gold intercept to 6.49 g/t gold over 10 metres with an additional one metre sample returning 22.22 g/t gold.

Delta has completed 13 drill holes for a total of 3,505 metres since January and tested the 3D modelled eastern extension of the Eureka gold zone. The company says continued cold weather in the area has forced the drilling program to be temporarily suspended due to a lack of water availability, which is required to operate the drill. Assay results are still pending and are expected within a few weeks.

The company made the following observations, based on the most recent drilling:

● The Eureka gold zone appears to be associated with the core of a magnetic low anomaly. The newly identified geophysical signature extends over a minimum of 2.0 km east of drill holes D1-22-18, D1-22-24 and D1-22-25, where high-grade gold was intersected. The projection of the mineralized zone has never been drill tested in the area and occurs entirely on Delta's properties.

● In the western portion of the Eureka gold zone, the mineralization trends generally 090 to 100 degrees azimuth and dips approximately 50° degrees towards the north. In the eastern portion of the Eureka gold zone, the trend of the mineralization turns to 115° degrees azimuth and dips 80° degrees towards the north. This flexure in the structural zone may be responsible for the higher grades of gold encountered in the recent drill holes.

● In the western portion of the Eureka gold zone, mineralization is hosted in intensely altered sandstones near the contact with ultramafic flows to the south. Meanwhile, in the eastern portion of the Eureka gold zone, gold mineralization is hosted within intensely altered and brecciated mafic to intermediate volcanic rock near their contact with altered sandstones to the north. The change of host rock may also contribute to the higher-grade gold encountered in the eastern portion of the mineralized zone. Furthermore, the sandstone-volcanic contact has never been tested in the western portion of the gold zone.

To learn more, visit www.DeltaResources.ca.

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