Delta Appoints Zach Flood and Joseph C. Milbourne to Its Board of Directors and Grants Options
Rhea-AI Summary
Delta Resources (OTCQB: DTARF, TSXV: DLTA) has appointed geologist Zach Flood and metallurgist Joseph C. Milbourne to its Board of Directors and technical committee. Flood co-founded Kenorland Minerals and chairs Koulou Gold, while Milbourne brings over 50 years of metallurgical and mine-development experience across the Americas.
Delta also granted 2,100,000 stock options to management, directors and employees, exercisable at $0.245 per share for 5 years, vesting over 24 months in 25% increments every six months. The company continues to advance its Delta-1 Gold Project and Eureka Gold Deposit near Thunder Bay, Ontario.
Positive
- Two experienced mining professionals added to Board and technical committee
- 2,100,000 stock options granted at $0.245 with 5-year term
- Options vest over 24 months, aligning long-term incentives with project advancement
- Delta-1 property covers about 340 km² with multiple gold-bearing corridors
- Eureka Gold Deposit drilled to >2.5 km strike and ~600 m depth, open in all directions
- Highlighted drill intercepts include 5.92 g/t Au over 31 m and 1.79 g/t Au over 128.5 m
Negative
- Grant of 2,100,000 options introduces potential future share dilution
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - September 1, 2026) - Delta Resources Limited (TSXV: DLTA) (OTCQB: DTARF) (FSE: 6GO1) ("Delta" or "the Company") is pleased to announce the appointment of Zach Flood and Joseph C. Milbourne to its Board of Directors.
Mr. Flood is an experienced geologist with a broad international background in mineral exploration across Asia, Africa, and the Americas. He co-founded Kenorland Minerals Ltd. in 2016 and has since led the Company's growth into a premier project-generation and royalty company. Mr. Flood is also Executive Chairman of Koulou Gold Corp., a private exploration company focused on early-stage exploration in Côte d'Ivoire.
Mr. Milbourne is a highly experienced metallurgist and mining executive with more than 50 years of experience in metallurgy, mineral processing, process engineering and technical project evaluation. Mr. Milbourne has held senior technical and operational positions with Troilus Mining Corp., Belo Sun Mining Corp., Sulliden Gold Corporation, AMEC Mining & Metals, Eldorado Gold, Cominco and other international mining organizations. His experience encompasses the development, design, evaluation, optimization and management of mineral processing projects throughout the Americas, with particular expertise in gold and base-metal projects. Mr. Milbourne holds a B.S. in Metallurgical Engineering from the New Mexico Institute of Mining and Technology and an M.S. in Metallurgy from the University of Utah. He is a Fellow of the Australasian Institute of Mining and Metallurgy and a Registered Member of the Society for Mining, Metallurgy & Exploration, and has acted as a Qualified Person pursuant to National Instrument 43-101.
Ron Kopas, Chief Executive Officer (CEO) of Delta, commented:
"We are extremely pleased to welcome Zach Flood and Joseph Milbourne to Delta's Board of Directors," said Ron Kopas, CEO of Delta Resources. "Zach brings a rare combination of exceptional technical expertise and deep capital markets experience that will be invaluable as we continue to advance our gold project in Thunder Bay and work to maximize the value of this evolving asset for our shareholders. Joe's more than 50 years of technical experience, particularly his extensive expertise in metallurgy, mineral processing and mine development, adds another important dimension to our Board. Together, their experience significantly strengthens Delta's technical and strategic capabilities as we advance the Eureka Gold Deposit and unlock the broader exploration potential of our large and highly prospective Thunder Bay land package. Their assessment and belief in Delta's potential is strong validation and appreciated, we are adding significant bench strength to our team."
Zach Flood commented:
"I am very pleased to join the Board of Delta Resources at such an exciting stage in the Company's evolution. Delta has assembled a large, highly prospective land position in an emerging gold district, anchored by the growing Eureka Gold Deposit. I believe the scale of the opportunity at Delta is only beginning to be recognized, and I look forward to contributing my experience in exploration and capital markets to help the team advance the project strategically and maximize value for shareholders."
Joseph C. Milbourne commented:
"I am delighted to join Delta's Board and to have the opportunity to contribute to the continued advancement of the Company's Thunder Bay gold project. I have spent much of my career evaluating and advancing mineral projects from the technical and metallurgical perspective, and I believe that experience can be particularly valuable as Delta moves through the next stages of its development. The scale and exploration potential of Delta's land package, together with the progress being made at the Eureka Gold Deposit, make this a very exciting project. I look forward to working with the Board and management team to help guide the technical decisions that can create long-term value for Delta and its shareholders."
Zach Flood and Joseph Milbourne will also be joining Delta's technical committee headed by Dr. Kevin B. Heather, a current Delta board member.
Stock Option Grant
Delta has granted 2,100,000 stock options to management, the board of directors, and employees. The options are exercisable at
Qualified Person
Daniel Boudreau, P.Geo., Vice President of Exploration at Delta Resources Limited, is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.
About Delta Resources Limited
Delta Resources is a Canadian mineral exploration and development company focused on advancing its Delta-1 Gold Project in Ontario. The Company has identified a large, near-surface gold system located approximately 50 kilometres west of Thunder Bay, adjacent to the Trans-Canada Highway. The Delta-1 property covers approximately 340 square kilometres and hosts multiple gold-bearing corridors, including the Eureka Gold Deposit and the highly prospective I-Zone–Crayfish Creek Fault trend.
The Eureka Gold Deposit extends over 2.5 km in strike length and to depths exceeding 300 metres, with mineralization intersected to approximately 600 metres vertical depth and remaining open in all directions. Highlights include drill intercepts such as 5.92 g/t Au over 31 m (including 14.8 g/t Au over 11.9 m) and 1.79 g/t Au over 128.5 m.
Safe Harbour Statement: Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
For Further Information:
Frank Candido, Chairman
Tel: 514-969-5530
fcandido@deltaresources.ca
Ron Kopas, CEO
rkopas@deltaresources.ca
Cautionary Note Regarding Forward-Looking Information
Some statements contained in this news release are "forward-looking information" within the meaning of Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases (including negative or grammatical variations) or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Investors are cautioned that forward-looking information is inherently uncertain and involves risks, assumptions and uncertainties that could cause actual facts to differ materially. There can be no assurance that future developments affecting the Company will be those anticipated by management. The forward-looking information contained in this press release constitutes management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any event.
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