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Delta Resources Limited (DTARF) is a Canadian mineral exploration company with a focus on gold and base-metal projects in Canada. The company recently announced expansion of its drill campaign at the Delta-1 Project, adding to the success of its previous explorations. Delta-1, the flagship project, shows promising results, with gold mineralization defined over a significant strike length. The company's strategic acquisitions and exploration efforts position it as a key player in the mineral exploration sector.
Delta Resources has entered into an agreement with Golden Share Resources to acquire a 100% interest in the Band-Ore property in Thunder Bay, Ontario. The property, located near Delta's existing Delta-1 Property, spans 2,115 hectares and contains historic high-grade gold resources. Delta will pay a total of $1.3 million in cash and $700,000 in shares over five years. Golden Share retains a 2% Net Smelter Return Royalty, with Delta having an option to buy back 1% for $3 million. This acquisition expands Delta's land position to 152 square kilometers in the Shebandowan Greenstone Belt. The agreement is pending regulatory approval.
Delta Resources has expanded its land position at the Delta-1 property in Thunder Bay, Ontario by acquiring the exclusive rights to the Laurie and Horne properties. The company now controls 113 claim units covering approximately 24 square kilometers. Delta has reached an agreement with Sky Gold Corp to acquire a 100% interest in both properties, issuing shares and making payments. This expansion solidifies Delta's presence in the Shebandowan Greenstone Belt.
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