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Delta Resources has entered into four agreements to acquire a 100% interest in 330 claim units across 68 square kilometers in Thunder Bay, Ontario, contiguous to its Delta-1 Property. These acquisitions make Delta the largest landholder in the eastern Shebandowan greenstone belt, covering 220 square kilometers.
The agreements include payments totaling $186,000 in cash and 1,933,334 shares, plus Net Smelter Return Royalties (NSR) with buyback options. Delta’s CEO, André Tessier, stated that these acquisitions position the company strategically in a highly prospective area.
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.
