Delta Resources Limited

Primary Ticker: TSXV:DLTA, OTC:DTARF, Frankfurt:6G01
Stage of Development: Exploration
Primary Minerals: Gold
Country / Region: Canada
Market Cap 18M
Website: Delta Resources Limited

About Delta Resources Limited: (TSX:DLTA):

  • Near surface Gold Discovery (Oct 2022): wide and continuous gold intercepts support large-scale, open-pit development potential.
  • Exceptional Location Advantage: 50 km west of Thunder Bay, Ontario, with direct year-round access, skilled workforce, and all required mine infrastructure
  • Significant Growth Potential: The Eureka Zone remains open in all directions, with multiple untested targets, both near Eureka and at the property scale (+300sq km property package), offering strong discovery upside.
  • Strategic Positioning and Value Gap: In a 10+ million-ounce gold district, Delta trades at a discount to peers, with strong potential for partnerships or acquisition.
  • Insiders: +21% Owned by the Board of Directors
  • Goal: Expand Eureka and unlock district-scale potential
  • Near-term catalysts: ~3,000m drill program + regional till survey/
  • The I-Zone sector hosts several high-grade gold showings, including historical (non-NI 43-101 compliant) drill intercepts of 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 (Landore Resources, 1995–1997), as well as a 1,000-kg mini bulk sample (Mengold Resources 2008) that returned an average grade of 9.9 g/t Au. Results from the till survey will be used to guide follow-up exploration and to define new targets for potential drilling in 2026./
  • Delta-2: +200km property package in strategic Chibougamau, Quebec remains a valuable secondary project and potential source of non-dilutive financing through a sale or partnership./
 

Management Profile

Ron Kopas, Interim CEO

Mr. Kopas is an experienced entrepreneur, director, and investor. He has led businesses internationally, with expertise in building teams, raising capital, and strengthening corporate governance. He holds a BA from Dalhousie University and an MBA from INSEAD, France. He is also Delta Resources’ largest individual shareholder.

Frank Candido, Chairman, VP Corporate Communications

Mr. Candido is an independent financial consultant. As President of Golden Hope Mines Limited (GNH:TSX/V), Mr. Candido led the implementation of a name change, a new management team, a new technical team and a re-vamped Board of Directors.

 

What is your rationale for taking part in 121 Mining Investment?

We have an exciting project with excellent recent results at the Delta 1 Gold Deposit in Thunder Bay, Ontario including 31M of 5.92 g/t Gold. We are looking for open market interest as we continue to expand upon on Eureka Gold Deposit and drill new priority targets on our very large and commanding land package.

 

What recent news would you like to highlight to investors attending?

  • Delta Resources Begins the Next Phase of an Exciting 2024/25 Gold Exploration Campaign at Delta-1 in Thunder Bay, Ontario
  • Delta has now outlined the Eureka Gold Deposit to a strike length of over 2.5 Kilometres and to a vertical depth of 300 Metres.
  • The Eureka Gold Deposit remains open along strike and to depth. An 11 meter section of the Eureka Gold Deposit was exposed at surface through mechanical trenching assaying 1.23 g/t Gold over the whole section.
  • Delta has Expanded its land position in the Eastern Shebandowan Greenstone Belt to a commanding 30,600 hectares or 306 Sq. kilometres.
  • Newly expanded property contains multiple gold-endowed deformation zones spanning a cumulative strike length of over 30 kilometers.
  • Our current drill campaign to include continued expansion of the Eureka Gold Deposit and testing of new gold targets throughout the property including 1.7kms on strike west of Eureka.
  • https://www.deltaresources.ca/news/delta-resources-begins-the-next-phase-of-an-exciting-2024-25-gold-exploration-campaign-at-delta-1-in-thunder-bay-ontario/
 

What are your key goals for the next 3, 6 and 12 months?

3 Months

Further Drilling to continue to expand the Eurkeka Gold Deposit ahead of the maiden resource estimate as well as drill new priority Gold targets such as the I zone on the expansive 306 Square Kilometre property.

6 Months

Show the true potential of multiple gold deposits surrounded by excellent infrastructure and little to no environmental hurdles for eventual production.

12 Months

The expansion of the Delta 1 Gold Deposit in Thunder Bay, Ontario as we move towards a maiden resource estimate.

 

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The Macro Market environment is the key risk at this stage. We are extremely excited about the next set of results at the Delta 1 Project in Thunder Bay, Ontario and we believe that good results can always overcome macro conditions.

 

What do you think makes your company such a compelling investment?

We have already identified a significant Gold deposit with up to 2 Million ounces (non 43101) with limited drilling (less than 41,000 metres in total) just south of the Trans Canada Highway and only 50 kms West of Thunder Bay, Ontario over a 2.5km strike, down to 300M from surface and remains open in all directions. We believe that further drilling can lead to adding many more ounces as well as the potential for multiple new deposits.

 

What are the top 3 key investor takeaways?

  1. Delta has now outlined the Eureka Gold Deposit to a strike length of over 2.5 Kilometres and to a vertical depth of 300 Metres.
  1. TThe Eureka Gold Deposit remains open along strike and to depth. An 11 meter section of the Eureka Gold Deposit was exposed at surface through mechanical trenching assaying 1.23 g/t Gold over the whole section.
  1. The I-Zone sector (approx. 18kms south west of our Eureka Gold Deposit) hosts several high-grade gold showings, including historical (non-NI 43-101 compliant) drill intercepts of 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 (Landore Resources, 1995–1997), as well as a 1,000-kg mini bulk sample (Mengold Resources 2008) that returned an average grade of 9.9 g/t Au. Results from the till survey will be used to guide follow-up exploration and to define new targets for potential drilling in 2026.