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Delta Resources Limited (OTC PINK:GOLHF) announced results from its geological program at the Delta-1 Property near Thunder Bay, Ontario. Grab samples revealed gold concentrations from 0.2 g/t to 3.6 g/t, extending a gold halo for over 1 km and 150 meters wide. Sampling indicated very high gold grain counts in till samples close to the Shebandowan Shear Zone. The findings suggest potential drilling targets in 2021. Delta's projects include DELTA-1 and DELTA-2, both showing promising gold occurrences.
Delta Resources Limited (OTCBB:GOLHF) is nearing the end of its first phase of drilling at the Delta 2 project in Chibougamau, Quebec, having completed 15 drill holes over 2,288 metres. Targeting magmatic-hydrothermal gold deposits, results are anticipated in the new year. The upcoming second phase will focus on testing 10 Volcanogenic Massive Sulphide (VMS) targets with an additional 3,000 metres of drilling planned before the holiday break. Delta also holds a significant gold resource at its Bellechasse-Timmins deposit and continues to progress in enhancing shareholder value.
Delta Resources Limited has signed a drill contract with Miikan Drilling Limited for a minimum of 5,000 metres, potentially extending to 10,000 metres, at the Delta-2 property in Chibougamau, Quebec. Drilling, targeting gold and VMS resources, is set to commence in October. Delta also holds significant resources in its other projects, including the Bellechasse-Timmins gold deposit, which boasts a resource of 171,000 oz at 1.83 g/t gold. This strategic move aims to enhance shareholder value through increased exploration efforts.
Delta Resources Limited has announced a $250,000 cash payment from Yorkton Ventures as part of the sale of its Bellechasse-Timmins Gold Deposit in Quebec. Remaining cash payments from Yorkton are structured at $350,000 by February 1, 2021, $450,000 by June 1, 2021, and $550,000 by September 1, 2021. Yorkton will also pay a 1% Net Smelter Return royalty on commercial production. Delta Resources holds a 100% interest in the Bellechasse-Timmins project, which has an indicated resource of 171,000 oz at 1.83 g/t gold.
Delta Resources Limited (OTCBB: GOLHF) has successfully closed a non-brokered private placement, raising $1,558,749 by issuing 4,453,569 units at $0.35 each. The funds will support exploration activities at their Delta-1 and Delta-2 properties in Ontario and Quebec. The company also paid $12,127.50 in cash commissions and issued 34,650 non-transferable compensation warrants. Significant backing came from four Quebec-based institutional funds, highlighting the company's growth potential in mineral exploration.
Delta Resources Limited has announced an increase in its non-brokered private placement financing, aiming to raise up to CAD 2,000,000 by selling at least 5,714,286 units at a price of $0.35 per unit. Each unit includes one common share and a half warrant, exercisable at $0.50 for 24 months. The proceeds will primarily fund exploration activities at the Delta-1 and Delta-2 properties in Ontario and Quebec. The offering is subject to compliance with securities laws and TSX Venture Exchange approval.
Delta Resources Limited has announced a non-brokered private placement financing aiming to raise a minimum of CAD 1,000,000. The financing will involve the sale of at least 2,857,143 units at $0.35 per unit, with each unit consisting of one common share and a half share purchase warrant. Proceeds will primarily be allocated to exploration at Delta-1 and Delta-2 properties in Ontario and Quebec. Modifications to the offering are subject to TSX Venture Exchange compliance.
Delta Resources Limited has announced the appointment of Sara Paquet to its Board of Directors, enhancing its strategic direction in mineral exploration. With extensive international experience in sales and management, Paquet will contribute to Delta's goal of promoting its exploration potential. The Board also approved 200,000 stock options for her, exercisable at $0.40 per share. Additionally, the recent AGM saw the appointment of board members, reaffirmation of KPMG as auditors, and approval of the stock option plan. Delta continues to focus on its gold and base-metal projects in Canada.
Delta Resources Limited (OTC PINK: GOLHF) announced progress in its trenching program at the Delta-2 property in Chibougamau, Quebec, revealing a sulphide-bearing horizon indicative of Volcanogenic Massive Sulphide (VMS) mineralization. This horizon aligns with isolated VTEM conductors, suggesting significant VMS targets. The presence of chalcopyrite and sphalerite points to potential economic deposits. The project site, covering over 156 square kilometers, is strategically located near historical mineral producers.
