Delta Reports Multiple Gold Intercepts (4.25 g/t Gold over 11.8 Metres and 1.37 g/t over 10.5 Metres) at New Shabaqua Target 1.3 Kilometres West of Eureka Gold Deposit
TargetTarget(US:TGT) TMX Newsfile·2026-01-13 12:00

Core Viewpoint - Delta Resources Limited continues to expand the mineralized footprint at the Eureka Gold Deposit through step-out drilling, indicating strong potential for higher-grade mineralization beyond the currently defined area [3][8]. Drill Program Overview - The recent diamond drill program consisted of 26 holes totaling 5,237 meters, with assay results reported for 22 of these holes [4][7]. - Notable drill results include multiple gold intercepts at the Shabaqua Target and continued mineralization at the Eureka Gold Deposit [5][8]. Shabaqua Target - The Shabaqua Target, located 1.3 kilometers west of the Eureka Gold Deposit, has shown promising results with multiple higher-grade intervals, including 4.25 g/t Au over 11.8 meters in hole D1-25-150 [5][10]. - The initial phase of drilling indicates potential for higher-grade gold mineralization beyond the Eureka footprint [10]. Eureka Gold Deposit - Step-out drilling at the Eureka Gold Deposit has yielded significant results, including 1.32 g/t Au over 7.0 meters in D1-25-136 (Eureka South) and 3.83 g/t Au over 3.0 meters in D1-25-142 (Eureka West) [5][8]. - The mineralization at Eureka has been defined over approximately 2.5 kilometers of strike length and remains open for expansion [9][23]. Wedge Target - The Wedge Target, located about 4 kilometers west of the Eureka Gold Deposit, has also shown encouraging mineralization, with assay results pending for two completed holes [4][11]. Future Exploration Activities - Delta has completed a high-resolution drone-based magnetic survey over the Shabaqua and Wedge target areas and is awaiting results from a regional till-sampling program to guide further exploration [15][16]. - The I-Zone sector, located approximately 18 kilometers southwest of the Eureka Gold Deposit, hosts several high-grade gold showings, with historical drill intercepts indicating strong potential [16].