Delta Resources Limited (TSXV: DLTA | OTC Pink: DTARF| FSE: 6GO1) has reported final assay results from its 2023 Phase 1 drill programme at the company’s Delta-1 gold project, Canada, along with initial observations from the first drill holes of a 5000m Phase 2 drill programme.
Notably, wide intercepts of gold mineralization were intersected at surface in two holes, extending the mineralization by an additional 100m east of previously announced drill holes.
A significant highlight was hole D1-23-38, which intersected notable gold grades of 1,636g/t and 697g/t over 1m. The mineralization was encountered in thinner intervals near a northeast-trending cross fault that displaced the mineralized zone south.
“These bonanza grades at Delta-1 are very impressive, but more important is the fact that we are doing large, 100m step-outs and are still consistently hitting strong alteration with higher-grade gold segments hosted within a broader zone of low- to moderate-grade gold,” commented president and CEO André Tessier.
“This speaks to the strength of the mineralizing system and the upside potential as our drilling progresses eastward into the larger ‘Deep Blue’ target area.”
The Phase 2 step-out drilling, which is targeting the “Deep Blue” anomaly, is also showing signs of a larger mineralized system. Two holes drilled 100m east appear to mark a return to the very wide intervals of gold mineralization, with visible gold observed in both holes, the company said.
“Given the limited drilling to date, we still have a lot of work ahead of us to better understand this deposit,” said Tessier.
As a result, Delta shares were up 15.6% (by 17 May, 4:00am in Toronto) since announcing the assay results.
For further information please visit: www.deltaresources.ca/
