Delta Resources Announces Leadership Transition
Delta Resources (TSXV: DLTA) announced the immediate departure of President and CEO Andre Tessier, who has led the company since June 2019. Director Ron Kopas will serve as Interim President and CEO while the Board conducts a search for a permanent successor.
The transition aims to focus on capital markets engagement, project development, and operational execution. Strategic shareholder Troilus Gold Corp (TSX: TLG) has pledged technical support during the transition period as Delta continues its work in the Shebandowan Belt, which is emerging as a new gold camp in Canada.
Delta Resources (TSXV: DLTA) ha annunciato la partenza immediata del Presidente e CEO Andre Tessier, che ha guidato l'azienda dal giugno 2019. Il Direttore Ron Kopas assumerà il ruolo di Presidente e CEO ad interim mentre il Consiglio di Amministrazione avvia la ricerca di un successore permanente.
La transizione mira a concentrarsi su coinvolgimento nei mercati dei capitali, sviluppo dei progetti e esecuzione operativa. L'azionista strategico Troilus Gold Corp (TSX: TLG) ha garantito supporto tecnico durante il periodo di transizione mentre Delta prosegue il lavoro nella Shebandowan Belt, che si sta affermando come una nuova area aurifera in Canada.
Delta Resources (TSXV: DLTA) anunció la salida inmediata del Presidente y CEO Andre Tessier, quien ha liderado la empresa desde junio de 2019. El Director Ron Kopas asumirá el cargo de Presidente y CEO interino mientras la Junta Directiva busca un sucesor permanente.
La transición tiene como objetivo enfocarse en el compromiso con los mercados de capital, desarrollo de proyectos y ejecución operativa. El accionista estratégico Troilus Gold Corp (TSX: TLG) ha prometido apoyo técnico durante el periodo de transición mientras Delta continúa su trabajo en la Shebandowan Belt, que está emergiendo como una nueva zona aurífera en Canadá.
Delta Resources (TSXV: DLTA)는 2019년 6월부터 회사를 이끌어온 사장 겸 CEO Andre Tessier의 즉각적인 사임을 발표했습니다. 이사회 이사인 Ron Kopas가 임시 사장 겸 CEO를 맡아 후임자를 찾는 동안 회사를 이끌 예정입니다.
이번 인사는 자본 시장 참여, 프로젝트 개발, 운영 실행에 집중하기 위한 것입니다. 전략적 주주인 Troilus Gold Corp (TSX: TLG)는 전환 기간 동안 기술 지원을 약속했으며, Delta는 캐나다에서 새로운 금광 지대로 떠오르고 있는 Shebandowan Belt에서의 작업을 계속할 예정입니다.
Delta Resources (TSXV : DLTA) a annoncé le départ immédiat du président et PDG Andre Tessier, qui dirigeait l'entreprise depuis juin 2019. Le directeur Ron Kopas assumera la fonction de président et PDG par intérim pendant que le conseil d'administration recherche un successeur permanent.
Cette transition vise à se concentrer sur l'engagement sur les marchés financiers, le développement des projets et l'exécution opérationnelle. L'actionnaire stratégique Troilus Gold Corp (TSX : TLG) s'est engagé à fournir un soutien technique durant cette période de transition, tandis que Delta poursuit ses travaux dans la ceinture de Shebandowan, qui émerge comme un nouveau camp aurifère au Canada.
Delta Resources (TSXV: DLTA) gab den sofortigen Rücktritt von Präsident und CEO Andre Tessier bekannt, der das Unternehmen seit Juni 2019 geleitet hat. Direktor Ron Kopas wird als Interimspräsident und CEO fungieren, während der Vorstand nach einem dauerhaften Nachfolger sucht.
Der Übergang zielt darauf ab, sich auf Kapitalmarktengagement, Projektentwicklung und operative Umsetzung zu konzentrieren. Der strategische Aktionär Troilus Gold Corp (TSX: TLG) hat technische Unterstützung während der Übergangsphase zugesagt, während Delta seine Arbeit im Shebandowan Belt fortsetzt, der sich als neues Goldgebiet in Kanada herausbildet.
- Strategic shareholder Troilus Gold Corp commits to providing technical support
- Company maintains focus on developing Shebandowan Belt gold camp
- Sudden departure of CEO indicates potential leadership instability
- Interim leadership arrangement creates uncertainty about future direction
Montreal, Quebec--(Newsfile Corp. - July 16, 2025) - Delta Resources Limited (TSXV: DLTA) ("Delta" or the "Company") announces that President and Chief Executive Officer, Andre Tessier, will be stepping down from his role effective immediately. Mr. Tessier has served as President and CEO since June 20, 2019, and under his leadership, Delta has advanced its exploration programs and strengthened its technical foundations. The Board of Directors expresses its gratitude for his years of dedication and leadership.
Ron Kopas, Director, will act as Interim President and CEO during which the Board will commence a search process to identify a successor who can lead Delta through its next phase of growth, focusing on capital markets engagement, project development, and operational execution.
"On behalf of the Board, I want to thank Andre for his commitment and service to Delta," said Frank Candido, Chairman of the Board.
"Troilus Gold Corp (TSX: TLG) remains one of Delta's largest strategic shareholders and has committed technical support to Ron and the entire Delta team as the Company continues to define the Shebandowan Belt as one of the newest emerging gold camps in Canada," commented Justin Reid, President and CEO of Troilus Gold Corp and Director at Delta Resources Limited.
About Delta Resources Limited
Delta Resources is a Canadian mineral exploration company focused on its Delta-1 project in Ontario, Canada, where the Company has discovered a large gold deposit 50 km west of Thunder Bay, at surface and adjacent to the Trans-Canada highway. To date, the gold deposit is 2.5 km long, from surface to 300 m depth. Highlights include drill intercepts such as 5.92 g/t Au over 31 m (incl. 14.8 g/t Au over 11.9 m), and 1.79 g/t Au over 128.5 m. The property covers 308 square kilometres, where Delta has identified multiple poorly explored corridors of intense alteration and deformation, on strike with and to the south of the Eureka gold zone.
ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED,
Frank Candido
Chairman
www.deltaresources.ca
We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not approved nor disapproved of the information contained herein.
For Further Information:
Frank Candido, Chairman
Tel: 514-969-5530
fcandido@deltaresources.ca
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259054
FAQ
Who is the new interim CEO of Delta Resources (TSXV: DLTA)?
When did Andre Tessier step down as CEO of Delta Resources?
What is Delta Resources' main exploration focus?
What is Troilus Gold Corp's relationship with Delta Resources?
What will be the focus areas for Delta Resources' next growth phase?
