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Delta Identifies Three Significant Gold Anomalies From the 2024-25 I-Zone Sector Till Survey and Reports Drill Results From the Latest Regional Exploration Drill Program
TMX Newsfile· 2026-02-27 14:18
Toronto, Ontario--(Newsfile Corp. - February 27, 2026) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1) ("Delta" or "the Company") is pleased to report the preliminary interpretation from the 2024-25 till survey conducted by IOS Géosciences in the I-Zone sector, located approximately 18 kilometres southwest of the Eureka Gold Deposit and about 60 kilometres west of Thunder Bay, Ontario. The till survey, completed in the fall of 2025 (see September 17, 2025 news release), has identified ...
Delta Resources Solidifies Financing, Capital Markets and Project Development Strength with the Appointment of Ron Kopas as CEO and Technical Depth with Daniel Boudreau to Vice President of Exploration
TMX Newsfile· 2026-02-19 11:51
Core Viewpoint - Delta Resources Limited has appointed Ron Kopas as Chief Executive Officer and promoted Daniel Boudreau to Vice President of Exploration, aiming to advance its Delta-1 Project and Eureka Gold Discovery while strengthening its balance sheet [1][2][11]. Leadership Changes - Ron Kopas has transitioned from interim CEO to permanent CEO, successfully optioning the Delta-2 Property for $8.25 million, which allows the company to focus on advancing Delta-1 and Eureka Gold Discovery [1][2]. - Daniel Boudreau has been promoted from Exploration Manager to Vice President of Exploration, having managed Delta's exploration activities since early 2022 [1][6]. Executive Background - Ron Kopas has extensive experience in business growth, having founded and directed multiple companies, and has a strong background in private equity and capital markets [3][5]. - He has previously founded KSP Renewables Limited, developing a £350 million Energy Recovery Centre, which was sold to Covanta Europe [4]. Technical Leadership - Daniel Boudreau has over 15 years of experience in mineral exploration and project development, and is recognized as a "Qualified Person" under National Instrument 43-101 [6][12]. - The technical team includes Senior Geologist Sarah Ferguson and Dr. Kevin B. Heather, who bring significant expertise in mineral exploration and geological studies [7][8]. Project Focus - Delta Resources is focused on the Delta-1 Project in Ontario, which has a large, near-surface gold deposit located 50 kilometers west of Thunder Bay [13]. - The Eureka Gold Deposit has a strike length of 2.5 km and has shown promising drill intercepts, including 5.92 g/t Au over 31 meters [14]. Exploration Potential - The property hosts several high-priority targets beyond the Eureka Gold Deposit, with ongoing exploration demonstrating strong potential across multiple targets, including Shabaqua, I-Zone, and Wedge Area [15].
Delta Reports New Gold Intercept at Nova Target in Wedge Area, 4 Kilometres West of Eureka; Follow-Up Drill Program Underway
TMX Newsfile· 2026-02-04 12:37
Core Insights - Delta Resources Limited has discovered a potential new gold zone in the Wedge area, approximately 4 kilometers west of the Eureka Gold Deposit in Thunder Bay, Ontario [1] - The company has initiated a follow-up drill program of 1,400 meters at its flagship Delta-1 Property, which is located about 50 kilometers west of Thunder Bay [1] Drill Program Highlights - The recent drill program consisted of 26 holes totaling 5,237 meters [5] - Notable assay results include a new gold intercept in hole D1-25-153 at the Nova target, returning 1.11 g/t Au over 10.3 meters [5] - Confirmation of gold mineralization at the Wedge Zone was achieved in hole D1-25-152, which yielded 0.23 g/t Au over 7 meters [5] Geological Insights - The Wedge area has shown a strong gold anomaly, with mineralization occurring in at least two distinct styles, indicating a complex gold system [8] - The previously identified Wedge Zone has been verified through multiple surface sampling programs, with significant potential for extension along-strike [9] - A new style of mineralization associated with massive pyrite lenses was observed in drill hole D1-25-153, corresponding with a 500-meter long VTEM anomaly [12] Future Exploration Plans - The follow-up drilling will focus on expanding the footprint of the Wedge Zone, testing the extent of gold-bearing massive pyrite lenses, and drill testing the Kaspar Target [14] - The strategic location of the Delta-1 property near Thunder Bay enhances the project's economic viability, supported by positive results from neighboring projects [4] Company Background - Delta Resources is a Canadian mineral exploration and project development company focused on the Delta-1 project, which features a large, near-surface gold deposit extending 2.5 kilometers in strike length [24] - The property covers 297 square kilometers and contains multiple corridors of intense alteration and deformation, many of which remain under-explored [25]
Delta Resources Options Delta-2 Project in Quebec to Troilus Mining Corp. - $8.25M and 1% NSR To Be Paid Over 3 Years If Option Fully Exercised
TMX Newsfile· 2026-01-29 18:58
Core Viewpoint - Delta Resources Limited has entered into an agreement with Troilus Mining Corp. for Troilus to acquire a 100% interest in Delta's Delta-2 mineral claims, which is subject to regulatory approvals [1] Group 1: Agreement Details - The Delta-2 property consists of 405 mineral claims covering approximately 21,783 hectares in a well-established mining district known for significant gold and base-metal deposits [2] - Under the Option Agreement, Troilus can earn a 100% interest in the Delta-2 Claims by making total payments of $8.25 million over an option period ending on December 15, 2028 [5][10] - Key payment milestones include an initial payment of C$500,000 in cash and additional staged payments totaling C$7.25 million through December 15, 2028 [9][10] Group 2: Strategic Rationale - The agreement is seen as a strong outcome for Delta shareholders, allowing the company to realize near and medium-term value while retaining long-term upside through a royalty interest [3] - Delta will retain a 1.0% net smelter return (NSR) royalty on the Delta-2 Claims, with 50% of this royalty available for repurchase for CAD$500,000 [6] - Troilus will act as the operator during the Option Period, funding all exploration activities while Delta retains ownership of the claims until the option is fully exercised [6] Group 3: Financial Implications - The transaction is expected to provide Delta with non-dilutive cash and share consideration, strengthening its financial position and allowing management to focus on the Delta-1 Gold Property in Ontario [4] - The initial payment of C$2.5 million in 2026 is anticipated to underpin the business for the next three years, providing meaningful investment capital to advance Delta-1 [5] Group 4: Project Location and Context - The Delta-2 Project is located in Québec's Abitibi Greenstone Belt, an established mining jurisdiction with excellent infrastructure and community support for responsible mineral development [11] - Delta Resources Limited is focused on its Delta-1 project in Ontario, where it has discovered a significant gold deposit, further enhancing its exploration and development prospects [13]
Delta Resources Corporate Update
TMX Newsfile· 2026-01-23 22:00
Toronto, Ontario--(Newsfile Corp. - January 23, 2026) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1) ("Delta" or "the Company") announces that effective immediately, Mr. Justin Reid has resigned from the Company's Board of Directors.Mr. Reid has stepped down in order to dedicate his full attention to his CEO responsibilities at Troilus Mining Corp as they work towards a mine re-start. Delta thanks Mr. Reid for his contributions and service during his tenure on the Board.The Company is ...
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
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].
Delta Resources Limited to Attend the 51st Annual New Orleans Investment Conference
Newsfile· 2025-10-28 11:00
Core Points - Delta Resources Limited will participate in the 51st Annual New Orleans Investment Conference from November 2-5, 2025, with Chairman Frank Candido presenting [1] - The conference is a significant event for investors, featuring major asset classes including Gold [2] - Delta Resources is focused on its Delta-1 project in Ontario, which has a large near-surface gold deposit with notable drill intercepts [3] Company Overview - Delta Resources Limited is a Canadian mineral exploration and project development company [3] - The Delta-1 project is located 50 kilometers west of Thunder Bay, adjacent to the Trans-Canada Highway [3] - The Eureka Gold Deposit has a strike length of 2.5 kilometers and extends over 300 meters in depth, with mineralization observed up to 600 meters vertical depth [3] - Significant drill results include 5.92 g/t Au over 31 meters and 1.79 g/t Au over 128.5 meters [3] - The property covers 297 square kilometers with multiple unexplored corridors of alteration and deformation [3] Industry Context - The New Orleans Investment Conference is a premier gathering for sophisticated investors to discover new opportunities and strategies [5] - The event has a rich history, featuring notable speakers such as former President Gerald Ford and Nobel Prize-winning economists [6] - This year's lineup includes prominent figures in the investment community, indicating a strong focus on investment strategies and market insights [7]
Delta Resources Completes Regional Till Survey, Commences Environmental Baseline Program and Advances Phase II Drilling at Delta-1 in Thunder Bay, Ontario
Newsfile· 2025-10-08 11:00
Core Viewpoint - Delta Resources Limited is advancing its exploration activities at the Delta-1 Gold Property, including a regional till survey, an environmental baseline program, and a Phase II drilling program aimed at expanding the Eureka Gold Deposit and identifying new targets for future drilling [2][3][5]. Group 1: Regional Till Survey - The third phase of the regional till sampling program has been completed, expanding geochemical coverage across the western portion of the Delta-1 property, particularly in the I-Zone sector, which has shown high-grade gold intercepts [3]. - Historical drill intercepts in the I-Zone include 4.32 g/t Au over 41.0 metres, 4.53 g/t Au over 14.4 metres, and 4.36 g/t Au over 20.4 metres, with a mini bulk sample returning an average grade of 9.9 g/t Au [3]. Group 2: Environmental Baseline Program - Delta has initiated an environmental baseline program led by CSL Environmental & Geotechnical Ltd, which will run through 2025-2026 and will be expanded in subsequent years [4][6]. - The program includes hydrology station installations, surface water quality monitoring, species at risk surveys, and a Stage 1 archaeological assessment [6]. Group 3: Phase II Drilling Program - The Phase II drilling program commenced on September 17, 2025, with a minimum of 13 drill holes totaling over 3,100 metres planned to expand the Eureka Gold Deposit and test satellite targets [5][7]. - Current targets include the Shabaqua Zone, located 1.3 kilometres west of Eureka, and the Eureka-South and Eureka-West extensions [5][13]. Group 4: Project Potential - The Delta-1 property covers 297 square kilometres, with many prospective targets yet to be explored, indicating significant growth potential for the company [8][10]. - The Eureka Gold Deposit has shown promising drill intercepts, including 5.92 g/t Au over 31 metres and 1.79 g/t Au over 128.5 metres, with mineralization observed up to 600 metres in depth [10].
Delta Resources Commences Drilling at Shabaqua Zone and Eureka-South Extension, Initiates Regional Till Survey in the I-Zone Sector, Delta-1 Gold Property
Newsfile· 2025-09-17 11:00
Core Viewpoint - Delta Resources Limited has commenced Phase II of its 2025 drilling program at the Delta-1 Property, aiming to expand the Eureka Gold Discovery and assess additional high-grade gold targets [1][2][6]. Drilling Program Details - The drilling program will consist of a minimum of 13 holes totaling over 3,100 metres, focusing on priority satellite targets including the Shabaqua Zone and extensions of the Eureka Gold Deposit [2][5]. - The objective is to define additional higher-grade, near-surface gold ounces along strike and immediately south of the Eureka Gold Deposit, enhancing the project's economic potential [2][6]. Regional Till Survey - Delta has initiated the third phase of its 2024-2025 regional till sampling program, expanding geochemical coverage into the western portion of the Delta-1 land position, specifically in the I-Zone sector [3][7]. - This phase aims to identify new drill targets for the spring of 2026, with a focus on multiple gold occurrences and a significant Ni-Cu-PGE target [7]. Company Strategy and Future Outlook - The company is committed to maximizing field efficiency by conducting the till survey concurrently with drilling activities, taking advantage of the fall exploration window [7]. - Delta Resources is focused on unlocking the broader potential of its 297 square kilometre land package while advancing its flagship discovery [6][11].
Delta Resources Announces Phase II of 2025 Drill Program in Thunder Bay, Ontario
Newsfile· 2025-08-27 11:00
Core Viewpoint - Delta Resources Limited is initiating Phase II of its 2025 drilling program at the Delta-1 project in Thunder Bay, Ontario, focusing on three priority target areas to enhance gold discovery potential [1][2][3]. Group 1: Drilling Program Details - The Phase II drilling program will commence in mid-September, involving at least 13 new drill holes totaling over 3,100 meters [1]. - The program aims to refine targets and expand the broader potential of the Delta-1 Project, which is considered to have significant mining potential in the Thunder Bay region [2][3]. Group 2: Target Areas - **Eureka South Target**: Drilling will build on previous successes, targeting extensions of near-surface gold mineralization, with historical results showing 0.84 g/t Au over 11 m [6]. - **Shabaqua Zone**: This area has high-grade samples and will be targeted for drilling to explore multiple gold-bearing corridors, with a notable intercept of 0.45 g/t Au over 21 m reported by Metals Creek Resources [7][8]. - **Eureka West Extension**: Drilling will aim to connect the Eureka Gold Deposit with the Shabaqua Zone, enhancing future mine planning opportunities [9][10]. Group 3: Additional Exploration Areas - **Wedge Area**: Previously returned 0.48 g/t Au over 16.6 m and will undergo target refinement for a potential spring 2026 drilling program [12]. - **I-Zone Sector**: The company is designing an exploration program for this area, which may be executed in autumn 2025 or spring 2026 [13]. Group 4: Company Overview - Delta Resources is focused on the Delta-1 project, which has a gold deposit measuring 2.5 kilometers long and extending from surface to 300 m depth, with notable drill intercepts including 5.92 g/t Au over 31 m [18].