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Delta I-Zone Channel Samples Return 1.23 g/t Gold Over 40.6 metres and 2.4 g/t Gold Over 16.2 metres In a 5 metre Wide Dike at Surface at The Delta-1 Property in Thunder Bay, Ontario

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Delta Resources (TSXV: DLTA) (OTC: DTARF) has announced significant channel sampling results from the I-Zone at its Delta-1 Expansion Property in Thunder Bay, Ontario. Two parallel channel samples were taken from a 5-metre wide granodiorite dike, yielding notable results:

- Channel #1: 1.23 g/t Au over 40.6m, including 2.12 g/t Au over 12m and 3.39 g/t Au over 5m
- Channel #2: 2.40 g/t Au over 16.2m, including 5.54 g/t Au over 5m

The I-Zone is located 19 kilometers southwest of the Eureka Gold Deposit, featuring gold mineralization in quartz-carbonate-pyrite veins with visible gold. The mineralized zone spans 3.5 kilometers in strike and 1.2 kilometers in width, situated within a fault-bounded basin of clastic sediments.

Delta Resources (TSXV: DLTA) (OTC: DTARF) ha annunciato risultati significativi dai prelievi di campioni nel canale dell'I-Zone, presso la sua proprietà Delta-1 Expansion a Thunder Bay, Ontario. Sono stati prelevati due campioni paralleli da una dike di granodiorite larga 5 metri, ottenendo risultati notevoli:

- Canale #1: 1,23 g/t Au su 40,6m, inclusi 2,12 g/t Au su 12m e 3,39 g/t Au su 5m
- Canale #2: 2,40 g/t Au su 16,2m, inclusi 5,54 g/t Au su 5m

L'I-Zone si trova a 19 chilometri a sud-ovest del giacimento d'oro Eureka, caratterizzato da mineralizzazione aurea in vene di quarzo-carbonato-pirite con oro visibile. La zona mineralizzata si estende per 3,5 chilometri in direzione strike e 1,2 chilometri in larghezza, situata all'interno di un bacino delimitato da faglie di sedimenti clastici.

Delta Resources (TSXV: DLTA) (OTC: DTARF) ha anunciado resultados significativos de muestreo de canales en la I-Zone de su propiedad Delta-1 Expansion en Thunder Bay, Ontario. Se tomaron dos muestras de canal paralelas de una dike de granodiorita de 5 metros de ancho, obteniendo resultados notables:

- Canal #1: 1,23 g/t Au sobre 40,6m, incluyendo 2,12 g/t Au sobre 12m y 3,39 g/t Au sobre 5m
- Canal #2: 2,40 g/t Au sobre 16,2m, incluyendo 5,54 g/t Au sobre 5m

La I-Zone se encuentra a 19 kilómetros al suroeste del Depósito de Oro Eureka, presentando mineralización de oro en vetas de cuarzo-carbonato-pirita con oro visible. La zona mineralizada se extiende por 3,5 kilómetros en sentido strike y 1,2 kilómetros de ancho, situada dentro de una cuenca delimitada por fallas de sedimentos clásticos.

Delta Resources (TSXV: DLTA) (OTC: DTARF)는 온타리오주 썬더베이의 Delta-1 Expansion Property 내 I-Zone에서 주요 채널 샘플링 결과를 발표했습니다. 5미터 폭의 화강섬록암 다이크에서 두 개의 평행 채널 샘플을 채취하였으며, 다음과 같은 주목할 만한 결과를 얻었습니다:

- 채널 #1: 40.6m 동안 1.23 g/t Au, 이중 12m 동안 2.12 g/t Au와 5m 동안 3.39 g/t Au 포함
- 채널 #2: 16.2m 동안 2.40 g/t Au, 이중 5m 동안 5.54 g/t Au 포함

I-Zone은 유레카 금 매장지에서 남서쪽으로 19킬로미터 떨어진 곳에 위치하고 있으며, 광물이 포함된 석영-탄산염-황철망간 광맥에서 눈에 띄는 금이 관찰됩니다. 광물화된 지대는 3.5킬로미터의 스트라이크를 가지고 있으며, 1.2킬로미터의 폭을 가지며, 이종 퇴적물의 단층 경계 내에 있습니다.

Delta Resources (TSXV: DLTA) (OTC: DTARF) a annoncé des résultats significatifs de prélèvements de canaux dans la zone I-Zone de sa propriété Delta-1 Expansion à Thunder Bay, Ontario. Deux échantillons de canaux parallèles ont été prélevés d'une dique de granodiorite de 5 mètres de large, obtenant des résultats notables :

- Canal #1 : 1,23 g/t Au sur 40,6m, incluant 2,12 g/t Au sur 12m et 3,39 g/t Au sur 5m
- Canal #2 : 2,40 g/t Au sur 16,2m, incluant 5,54 g/t Au sur 5m

La zone I-Zone est située à 19 kilomètres au sud-ouest du dépôt d'or Eureka, présentant une minéralisation aurifère dans des veines de quartz-carbonate-pyrite avec de l'or visible. La zone minéralisée s'étend sur 3,5 kilomètres de long et 1,2 kilomètre de large, située à l'intérieur d'un bassin délimité par des failles de sédiments clastiques.

Delta Resources (TSXV: DLTA) (OTC: DTARF) hat bedeutende Ergebnisse von Kanalsamples aus der I-Zone seiner Delta-1 Expansion Property in Thunder Bay, Ontario, bekannt gegeben. Zwei parallele Kanalproben wurden aus einem 5 Meter breiten Granodiorit-Dike entnommen und erzielten auffällige Ergebnisse:

- Kanal #1: 1,23 g/t Au über 40,6m, einschließlich 2,12 g/t Au über 12m und 3,39 g/t Au über 5m
- Kanal #2: 2,40 g/t Au über 16,2m, einschließlich 5,54 g/t Au über 5m

Die I-Zone befindet sich 19 Kilometer südwestlich des Eureka-Goldvorkommens und weist Goldmineralisierung in Quarz-Karbonat-Pyrit-Gängen mit sichtbarem Gold auf. Die mineralisierte Zone erstreckt sich über 3,5 Kilometer in Strike-Richtung und 1,2 Kilometer in der Breite und liegt innerhalb eines durch Verwerfungen begrenzten Beckens aus klastischen Sedimenten.

Positive
  • Strong gold assay results with 1.23 g/t Au over 40.6m and 2.40 g/t Au over 16.2m
  • Presence of visible gold in mineralization
  • Large mineralized zone spanning 3.5km in strike and 1.2km in width
  • Strategic location near existing Eureka Gold Deposit
Negative
  • None.

Kingston, Ontario--(Newsfile Corp. - December 17, 2024) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1) ("Delta" or "The Company") is pleased to announce that it has received and tabulated assay results from channel sampling of the I-Zone at the Delta-1 Expansion Property in Thunder Bay, Ontario.

Two parallel channel samples were taken in a 5-metre wide dike known as the "I-Zone", adjacent to channel samples taken by Inco Gold in 1988-89 for which results were left unreported. The channel samples tested the complete length of the exposed dike. Channels were cut perpendicularly to quartz-carbonate-pyrite veins and veinlets but parallel to the dike contacts (Figure 1). Results from the two channel samples are as follows:

  • CHANNEL #1: 1.23 g/t Au over 40.6 m incl. 2.12 g/t Au over 12 m and 3.39 g/t Au over 5 m
  • CHANNEL #2: 2.40 g/t Au over 16.2 m incl. 5.54 g/t Au over 5 m

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Figure 1: Geological map of the I-Zone and location of the channel samples.

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Gold mineralization consists of 1-20 cm wide quartz-carbonate-pyrite extension veins and veinlets with visible gold, hosted by a granodiorite dike that is approximately 5 metres wide (Photo 1). Gold mineralization also occurs as millimetre-scale pyrite stringers and fracture-filling. The quartz veins trend NS and dip steeply towards the west while the dike is generally trending EW and dipping steeply towards the south. Veins and veinlets typically end abruptly at the contacts of the granodiorire dikes. At the I-Zone, the granodiorite dike is hosted by iron formations.

Red potassic, hematitic and pyritic alteration is intense and texture destructive, intensifying along the contacts of the veins and fractures (Photo 2). Host rocks may contain up to 5% disseminated and stringer pyrite.

"Delta's expanded land package now covers several fault-bounded sedimentary basins bearing a similar geological setting as the Eureka Gold deposit. The I-Zone sector, covers an area over 4 square kilometres in such a geological setting. The gold mineralization at the I-Zone is somewhat different from that of the Eureka Deposit, but occurs in a similar geological setting, adjacent to the faulted boundary of a sedimentary basin in the southern portion of the expanded property. The Delta team is systematically uncovering new areas with great potential for new mineralization on the newly acquired ground and getting ready to thoroughly test these new targets in 2025," said André Tessier, President and CEO.

The I-Zone is located approximately 19 kilometres southwest of the Eureka Gold Deposit well within the Delta-1 Expanded property. The I-Zone is one of many similar significant gold occurrences in an area spanning 3.5 kilometres in strike and 1.2 kilometres in width. The mineralized dikes are hosted within a fault-bounded basin of clastic sediments (Temiskaming-type) lying unconformably over older volcano-sedimentary rocks of the Shebandowan Belt. The zone is located adjacent to the unconformity; a geological setting similar to that of the Eureka Gold Deposit.

Analytical Protocol and QA/QC

Chemical analyses reported in this press release were performed at AGAT Laboratories. AGAT Laboratories is accredited to ISO 17025 by the Standards Council of Canada (SCC). Sample preparation was performed in Thunder Bay, Ontario. Sampling and analytical procedures are subject to a comprehensive Quality Assurance and Quality Control program that includes duplicate samples, blanks, and analytical standards.

The following assaying protocol was adopted at Delta-1 to reduce the assay variability due to nugget effect caused by visible gold:

  • If visible gold is observed in the sample or within the assumed mineralized zone, the assay is performed by Metallic Screening whereby the entire sample is crushed, a 1 kg portion is pulverized and screened to 106µm and analyzed by 50 g fire assay with gravimetric finish at the AGAT Laboratory in Thunder Bay, Ontario.
  • If no visible gold is observed or outside of the mineralized zones, an initial assay is performed by 50 g Fire Assay with ICP-OES finish at the AGAT Laboratory in Thunder Bay, Ontario. If the assay result exceeds 2.0 g/t gold, remaining rejects are pulverized, a 1 kg portion is screened to 106µm and analyzed by 50 g fire assay with gravimetric finish at the AGAT Laboratory in Thunder Bay, Ontario.

NQ-size drill core was sawed in half lengthwise and half of the core was sampled and sealed in clean plastic bags before being shipped for assay. The remaining half of the core was replaced in core boxes and is stored at Delta's core storage facilities. Standards and blanks are inserted in the sequence of samples on site as quality assurance and quality control in addition to the regular insertion of blank, duplicate, and standard samples accredited by SGS Canada Minerals Laboratories during the analytical process.

Qualified Persons

Daniel Boudreau, P.Geo. and Manager of Exploration at Delta Resources Limited, is the Qualified Persons as defined by NI-43-101. He has supervised the exploration program in the field and reviewed the technical information presented in this press release.

About Delta Resources Limited

Delta Resources Limited is a Canadian mineral exploration company focused on growing shareholder value through the exploration of two very high-potential gold and base-metal projects in Canada.

DELTA-1 is Delta's flagship project, where the company is building on a large gold inventory 50 kilometres west of Thunder Bay, Ontario, at surface and adjacent to the Trans-Canada highway. To date, the gold mineralization is defined over a strike length of 2.0 km, from surface to a vertical depth of 250 m. Highlights include drill intercepts such as 5.92 g/t Au over 31 m (incl. 14.8 g/t Au over 11.9 m), and 1.79 g/t Au over 128.5 m. The Delta-1 expanded property now covers 308 square kilometres where Delta has identified multiple corridors of intense alteration and deformation, on strike with, and to the south of the Eureka gold zone and that has yet to be thoroughly explored.

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Photo 1: Photo looking south showing a portion of the mineralized dike at the I-Zone. Note the extension veins with a NS trend and the EW-trending contacts of the dike. Note also the red colouration of the dike due to potassic and hematitic alteration.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8482/234012_a0322b6fb43a189e_002full.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8482/234012_a0322b6fb43a189e_003.jpg

Photo 2: Photo looking north at the I-Zone showing the intensifying red potassic and hematitic alteration along veins, veinlets, pyrite stringers and fractures.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8482/234012_a0322b6fb43a189e_003full.jpg

ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.

DELTA RESOURCES COMPANY PROFILE

Delta Resources is a Canadian mineral exploration company focused on its Delta-1 project in Ontario, Canada, where the Company discovered a large gold deposit 50 km west of Thunder Bay, at surface and adjacent to the Trans-Canada highway. To date, the gold deposit is 2.5 km long, from surface to 300 m depth. Highlights include drill intercepts such as 5.92 g/t Au over 31 m (incl. 14.8 g/t Au over 11.9 m), and 1.79 g/t Au over 128.5 m. The property covers 306 square kilometres where Delta has identified multiple corridors of intense alteration and deformation, on strike with, and to the south of the Eureka gold zone and that has yet to be thoroughly explored.

Andre Tessier
President and CEO
www.deltaresources.ca

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not approved nor disapproved of the information contained herein.

For Further Information:

Delta Resources Limited

Andre C. Tessier, President and CEO
Tel: 613-328-1581
atessier@deltaresources.ca

or

Frank Candido, Chairman
Tel: 514-969-5530
fcandido@deltaresources.ca

Cautionary Note Regarding Forward-Looking Information
Some statements contained in this news release are "forward-looking information" within the meaning of Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases (including negative or grammatical variations) or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Investors are cautioned that forward-looking information is inherently uncertain and involves risks, assumptions and uncertainties that could cause actual facts to differ materially. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forward-looking information contained in this press release constitutes management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234012

FAQ

What are the latest gold assay results from Delta Resources (DTARF) I-Zone sampling?

The latest channel sampling at I-Zone returned 1.23 g/t Au over 40.6m (Channel #1) and 2.40 g/t Au over 16.2m (Channel #2) from a 5-metre wide dike.

Where is Delta Resources' (DTARF) I-Zone located?

The I-Zone is located 19 kilometers southwest of the Eureka Gold Deposit within the Delta-1 Expansion Property in Thunder Bay, Ontario.

What is the size of the mineralized zone at Delta Resources' (DTARF) I-Zone?

The mineralized zone spans 3.5 kilometers in strike length and 1.2 kilometers in width, containing multiple gold occurrences.

What type of gold mineralization is present at Delta Resources' (DTARF) I-Zone?

The gold mineralization consists of quartz-carbonate-pyrite extension veins and veinlets with visible gold, hosted by a granodiorite dike approximately 5 metres wide.

DELTA RES LTD

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