Delta Resources Limited Provides Corporate Update to Shareholders
Delta Resources (OTC:DTARF) has provided a comprehensive corporate update highlighting strategic changes and future plans. Under new interim CEO Ron Kopas, the company is focusing on its Delta-1 project in Thunder Bay, Ontario, which spans over 29,700 hectares in the Shebandowan Greenstone Belt.
Key developments include the relocation of headquarters to Toronto, plans for an autumn drill program at the Eureka discovery, and the strategic decision to market its Delta-2 property in Chibougamau, Quebec. The Delta-2 property, comprising 405 claims across 21,783 hectares with over $6 million invested, is being marketed to provide non-dilutive capital.
Delta Resources (OTC:DTARF) ha fornito un aggiornamento aziendale completo, evidenziando cambiamenti strategici e piani futuri. Sotto la guida del nuovo CEO ad interim Ron Kopas, la società si concentra sul suo progetto Delta-1 a Thunder Bay, Ontario, che si estende per oltre 29.700 ettari nella Shebandowan Greenstone Belt.
Gli sviluppi principali includono il trasferimento della sede a Toronto, i piani per un programma di perforazioni autunnale sulla scoperta Eureka e la decisione strategica di mettere sul mercato la proprietà Delta-2 a Chibougamau, Quebec. La proprietà Delta-2, composta da 405 concessioni per un totale di 21.783 ettari con oltre 6 milioni di dollari investiti, viene offerta per reperire capitale non diluitivo.
Delta Resources (OTC:DTARF) ha ofrecido una actualización corporativa integral destacando cambios estratégicos y planes futuros. Bajo el nuevo CEO interino Ron Kopas, la compañía se enfoca en su proyecto Delta-1 en Thunder Bay, Ontario, que abarca más de 29.700 hectáreas en el Shebandowan Greenstone Belt.
Los desarrollos clave incluyen el traslado de la sede a Toronto, planes para un programa de perforación en otoño en el descubrimiento Eureka y la decisión estratégica de comercializar su propiedad Delta-2 en Chibougamau, Quebec. La propiedad Delta-2, que comprende 405 concesiones por 21.783 hectáreas con más de 6 millones de dólares invertidos, se está comercializando para obtener capital no dilutivo.
Delta Resources (OTC:DTARF)는 전략적 변화와 향후 계획을 강조한 포괄적인 기업 업데이트를 발표했습니다. 새로운 임시 CEO Ron Kopas 아래 회사는 온타리오 주 Thunder Bay에 위치한 Delta-1 프로젝트에 주력하고 있으며, 이 프로젝트는 Shebandowan Greenstone Belt의 29,700헥타르 이상에 걸쳐 있습니다.
주요 사항으로는 본사 토론토 이전, Eureka 발견지에서의 가을 시추 프로그램 계획, 그리고 퀘벡주 Chibougamau에 있는 Delta-2 부동산을 매각(또는 마케팅)하기로 한 전략적 결정이 포함됩니다. Delta-2 부동산은 405개 권리(총 21,783헥타르)로 구성되어 있으며 6백만 달러 이상이 투자되어 있어 비희석성 자본을 확보하기 위해 매각 대상입니다.
Delta Resources (OTC:DTARF) a publié une mise à jour d'entreprise complète mettant en avant des changements stratégiques et des projets à venir. Sous la direction du nouveau PDG par intérim Ron Kopas, la société se concentre sur son projet Delta-1 à Thunder Bay, Ontario, qui s'étend sur plus de 29 700 hectares dans le Shebandowan Greenstone Belt.
Parmi les développements clés figurent le transfert du siège à Toronto, des plans pour un programme de forage à l'automne sur la découverte Eureka, et la décision stratégique de commercialiser sa propriété Delta-2 à Chibougamau, Québec. La propriété Delta-2, comprenant 405 concessions couvrant 21 783 hectares et plus de 6 millions de dollars investis, est mise sur le marché afin de fournir des capitaux non dilutifs.
Delta Resources (OTC:DTARF) hat ein umfassendes Unternehmensupdate veröffentlicht, das strategische Änderungen und zukünftige Pläne hervorhebt. Unter dem neuen Interims-CEO Ron Kopas konzentriert sich das Unternehmen auf sein Delta-1-Projekt in Thunder Bay, Ontario, das sich über mehr als 29.700 Hektar im Shebandowan Greenstone Belt erstreckt.
Wesentliche Entwicklungen sind die Verlegung des Hauptsitzes nach Toronto, Pläne für ein Bohrprogramm im Herbst bei der Eureka-Entdeckung sowie die strategische Entscheidung, das Gelände Delta-2 in Chibougamau, Quebec zu vermarkten. Das Delta-2-Gebiet, bestehend aus 405 Claims auf 21.783 Hektar mit über 6 Millionen Dollar Investitionen, wird angeboten, um nicht verwässerndes Kapital zu beschaffen.
- Strategic focus on Thunder Bay region offering cost advantages and faster development potential
- Marketing of Delta-2 property could provide significant non-dilutive funding
- Headquarters relocation to Toronto's financial district enhances accessibility and collaboration
- CEO is company's largest investor, aligning management with shareholder interests
- Current market price reflects significant value gap according to management
- Divestment of Delta-2 property reduces geographical diversification
Toronto, Ontario--(Newsfile Corp. - August 12, 2025) - Delta Resources Limited (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6G01) ("Delta" or the "Company") is pleased to provide the following corporate update to its valued shareholders from interim CEO Ron Kopas.
Dear Shareholders,
On the back of recent leadership changes I wanted to reach out to our shareholders to update them on where we are going and what to expect in the coming months.
Over the past several months, we have undertaken a comprehensive technical and strategic review. What has become readily apparent to me is the value gap between what we believe we have and what our current market price is reflecting. As an experienced project developer, one of my primary focuses will be to demonstrate the economic case for Delta-1 as we believe already exists today and a roadmap of how we can increase that potential value.
A critical component of this exercise is having our primary exploration focus in Thunder Bay, Ontario, where Delta Resources is part of advancing what we believe will become one of Canada's next important mining camps. It is clear both Delta Resources, and several of our neighbours, are generating excellent exploration results, but what I am finding is the significant cost advantages in our location, which have the potential to materially differentiate the cost and time to market versus other locations (even if they may benefit from higher-grade discoveries), have more complicated development challenges.
Our view is, the reality of the current and forward-looking gold price has not caught up with areas like Thunder Bay, where business development will be much more rapid. We also believe we have the board, management team, access to capital and network to be opportunistic as situations arise.
The recent in-depth analysis has reinforced our confidence in the quality of our flagship discovery at Eureka and furthermore the upside potential on both Eureka and other exciting targets on our over 29,700 hectares (297 km²) land package, Delta-1 project in the Shebandowan Greenstone Belt.
Based on the outcomes of this review, we are finalizing plans for an exciting and focused autumn drill program. This campaign will build on previous successes and target high-priority areas, while also fleshing out the development potential based on our existing results. Full details of the drill program will be announced in the coming weeks.
In line with our strategy to focus our efforts at Delta-1 in Thunder Bay, Ontario, Delta has begun marketing its Delta-2 property package in Chibougamau, Quebec. The property consists of 405-claims, 21,783 hectares (217.83 km²) of property. Delta has invested over
In addition, to better align our corporate presence with our strategic direction, Delta has relocated its head office from Kingston, Ontario to Toronto, Ontario. Our new corporate offices are now located within the Troilus Gold Corporation offices at 36 Lombard Street, Floor 4 Toronto, ON M5C 2X3. This move, places us at the centre of Canada's mining and financial industry, allowing for enhanced collaboration and accessibility as we continue to grow.
As Delta's largest investor and shareholder, I am
We look forward to providing more updates in the near term. Please feel to reach out if you have questions on Delta-1, or want further information on the excellent Delta-2 property.
Ron Kopas
CEO
On Behalf of the Board at Delta Resources Limited
Neither the 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.
About Delta Resources Limited
Delta Resources is a Canadian mineral exploration company focused on its Delta-1 project in Ontario, Canada, where the Company 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 297 square kilometres where Delta has identified multiple corridors of intense alteration and deformation, on strike with, and to the south of the Eureka gold zone and that has yet to be thoroughly explored.
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:
Contact Delta Resources Limited
Frank Candido, Chairman
Tel: 514-969-5530
fcandido@deltaresources.ca
or
Ron Kopas
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262170
FAQ
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