Delta Resources Announces Leadership Transition
Rhea-AI Summary
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.
Positive
- Strategic shareholder Troilus Gold Corp commits to providing technical support
- Company maintains focus on developing Shebandowan Belt gold camp
Negative
- Sudden departure of CEO indicates potential leadership instability
- Interim leadership arrangement creates uncertainty about future direction
News Market Reaction
On the day this news was published, DTARF gained 0.14%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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?
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