Delta Receives $200,000 Grant from the Ontario Junior Exploration Program to Further Advance the Gold Discovery at Delta-1 in Thunder Bay, Ontario
Delta Resources has been awarded a $200,000 grant from the Ontario Junior Exploration Program (OJEP) to advance exploration at its Delta-1 property in Thunder Bay, Ontario. The company is currently conducting an extensive exploration program at the newly expanded Delta-1 project, which covers approximately 308 square kilometres of the eastern Shebandowan Greenstone Belt. Delta is planning its next drill campaign for early January 2025. The funding will support the company's exploration efforts on a non-dilutive basis, contributing to Ontario's mining sector development.
Delta Resources ha ricevuto un finanziamento di 200.000 dollari dal Programma di Esplorazione Giovanile dell'Ontario (OJEP) per promuovere l'esplorazione nella sua proprietà Delta-1 a Thunder Bay, Ontario. Attualmente, l'azienda sta conducendo un ampio programma di esplorazione nel progetto Delta-1 recentemente ampliato, che copre circa 308 chilometri quadrati della fascia verde di Shebandowan. Delta prevede di avviare la sua prossima campagna di perforazione all'inizio di gennaio 2025. Il finanziamento sosterrà gli sforzi di esplorazione dell'azienda su base non diluitiva, contribuendo allo sviluppo del settore minerario dell'Ontario.
Delta Resources ha sido concedida una ayuda de 200.000 dólares por el Programa de Exploración Juvenil de Ontario (OJEP) para avanzar en la exploración de su propiedad Delta-1 en Thunder Bay, Ontario. La compañía está llevando a cabo un extenso programa de exploración en el nuevo proyecto Delta-1, que abarca aproximadamente 308 kilómetros cuadrados de la Cinturón Verde de Shebandowan. Delta está planificando su próxima campaña de perforación para principios de enero de 2025. La financiación apoyará los esfuerzos de exploración de la compañía sobre una base no dilutiva, contribuyendo al desarrollo del sector minero de Ontario.
Delta 자원이 온타리오 주니어 탐사 프로그램(OJEP)으로부터 200,000달러의 보조금을 받아 온타리오주 썬더베이에 있는 Delta-1 소유지에서 탐사를 진행하게 되었습니다. 현재 회사는 확장된 Delta-1 프로젝트에서 약 308 평방킬로미터에 걸쳐 광범위한 탐사 프로그램을 실시하고 있습니다. Delta는 2025년 1월 초에 다음 채굴 캠페인을 계획하고 있습니다. 이번 자금 지원은 비희석형 방식으로 회사의 탐사 노력을 지원하며, 온타리오의 광업 부문 발전에 기여할 것입니다.
Delta Resources a reçu un financement de 200 000 dollars du Programme d'exploration junior de l'Ontario (OJEP) pour faire avancer l'exploration de sa propriété Delta-1 à Thunder Bay, Ontario. L'entreprise mène actuellement un programme d'exploration approfondi sur le projet Delta-1 récemment élargi, qui couvre environ 308 kilomètres carrés de la ceinture verte de Shebandowan. Delta prévoit de lancer sa prochaine campagne de forage début janvier 2025. Ce financement soutiendra les efforts d'exploration de l'entreprise sur une base non dilutive, contribuant au développement du secteur minier de l'Ontario.
Delta Resources hat eine Förderung von 200.000 Dollar vom Ontario Junior Exploration Program (OJEP) erhalten, um die Exploration auf ihrem Delta-1 Grundstück in Thunder Bay, Ontario, voranzutreiben. Das Unternehmen führt derzeit ein umfangreiches Explorationsprogramm im neu erweiterten Delta-1-Projekt durch, das etwa 308 Quadratkilometer des östlichen Shebandowan-Grünsteingürtels abdeckt. Delta plant seine nächste Bohrkampagne für Anfang Januar 2025. Die Finanzierung wird die Explorationsbemühungen des Unternehmens auf nicht verwässernde Weise unterstützen und somit zur Entwicklung des Bergbausektors in Ontario beitragen.
- Received $200,000 non-dilutive funding from OJEP
- Project expansion to 308 square kilometres
- Secured government support for exploration program
- None.
Kingston, Ontario--(Newsfile Corp. - December 10, 2024) - Delta Resources Limited (TSXV: DLTA) ("Delta" or the "Company") is pleased to announce that it has been selected to receive up to
Delta is in the midst of an extensive exploration program at its newly expanded Delta-1 project which now includes approximately 308 square kilometres of the eastern Shebandowan Greenstone Belt. Delta is also planning its next drill campaiugn set to begin in early January 2025.
"We are once again so pleased to receive the OJEP grant this year again. The funds go a long way to advance and expand our exploration program on a non dilutive basis at the Delta-1 project, enhancing value for all stakeholders," says André Tessier, President and CEO of Delta.
"Investing in mineral exploration is vital to ensuring Ontario's long-term economic success and global competitiveness," said George Pirie, Minister of Mines. "This
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 2.5 km, from surface to a vertical depth of 300 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 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.
The DELTA-2 property covers 205 square kilometres in the prolific Chibougamau District of Quebec. The property holds excellent potential for gold-rich polymetallic VMS deposits as well as hydrothermal-gold deposits. Delta targets VMS deposits such as the LeMoine past producer where 0.76 Mt were mined between 1975 and 1983, grading
ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.
Andre C. Tessier
President, CEO and Director
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:
Contact Delta Resources Limited
Frank Candido, Chairman
Tel: 514-969-5530
fcandido@deltaresources.ca
or
Andre Tessier, President and CEO
Tel: 613-328-1581
atessier@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.
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FAQ
What grant amount did Delta Resources (DLTA) receive from OJEP in December 2024?
When will Delta Resources (DLTA) begin its next drill campaign at Delta-1?
How large is Delta Resources' (DLTA) Delta-1 project area?
