Welcome to our dedicated page for Delta Res news (Ticker: DTARF), a resource for investors and traders seeking the latest updates and insights on Delta Res stock.
Delta Resources Limited (DTARF) generates frequent news flow centered on its gold exploration activities in Canada, particularly at the Delta-1 Gold Project near Thunder Bay, Ontario. Company news releases highlight drilling results, step-out programs, new target discoveries and technical updates that relate directly to the evolving scale and geometry of the Eureka Gold Deposit and surrounding targets.
Recent announcements describe multiple phases of drilling at Delta-1, including winter, spring and fall programs designed to expand the mineralized footprint along strike and to depth. Delta has reported intercepts from areas such as Eureka South, Eureka West, the Shabaqua Target, the Wedge Target and the South Horizon, as well as updates on regional work in the I-Zone sector. These releases often include detailed assay tables, cross-sections and maps, along with commentary from management and the company’s Qualified Person.
In addition to technical drilling updates, Delta’s news feed covers corporate developments such as leadership transitions, annual meeting results, warrant-related announcements and changes to its corporate office location. The company also reports on its participation in industry and investor conferences, including events like the Precious Metals Summit in Beaver Creek, the New Orleans Investment Conference, the Metal Investor Forum and PDAC, where it presents its exploration story and meets with investors and industry participants.
Investors following DTARF news can use this page to review historical and ongoing disclosures about drill programs, exploration strategies at Delta-1 and Delta-2, corporate updates and conference participation. The news items collectively provide context on how Delta is advancing its projects, prioritizing targets and communicating with the market.
Delta Resources (TSXV: DLTA) (OTC: DTARF) has announced plans to extend the exercise period of its warrants by 6 months. The extension applies to 9,585,000 warrants exercisable at $0.18 per common share and 2,790,068 warrants exercisable at $0.25 per common share. These warrants were originally issued through a private placement announced on December 6, 2022, and closed on December 23, 2022. The new expiry date will be July 23, 2025.
Of note, 3,000,000 warrants are held by related parties, constituting a related party transaction under regulatory guidelines. However, formal valuation and minority approval requirements are exempt as the warrants' fair market value is below 25% of the company's market capitalization.
Delta Resources (TSXV: DLTA) (OTC: DTARF) has announced significant channel sampling results from the I-Zone at its Delta-1 Expansion Property in Thunder Bay, Ontario. Two parallel channel samples were taken from a 5-metre wide granodiorite dike, yielding notable results:
- Channel #1: 1.23 g/t Au over 40.6m, including 2.12 g/t Au over 12m and 3.39 g/t Au over 5m
- Channel #2: 2.40 g/t Au over 16.2m, including 5.54 g/t Au over 5m
The I-Zone is located 19 kilometers southwest of the Eureka Gold Deposit, featuring gold mineralization in quartz-carbonate-pyrite veins with visible gold. The mineralized zone spans 3.5 kilometers in strike and 1.2 kilometers in width, situated within a fault-bounded basin of clastic sediments.
CEO.CA Technologies, a subsidiary of EarthLabs Inc. and leading investor social network for junior resource and venture stocks, has released its latest 'Inside the Boardroom' interviews. The platform, established in 2012, features exclusive conversations with Frank Candido, Chairman of Delta Resources (TSXV: DLTA | OTC: DTARF), and Colin Keddy, President of Metaguest.AI (CSE: METG). CEO.CA has established itself as one of Canada's most popular free financial websites, attracting millions of visitors annually who engage with investors globally to discuss stocks, commodities, and emerging companies.
Delta Resources has been awarded a $200,000 grant from the Ontario Junior Exploration Program (OJEP) to advance exploration at its Delta-1 property in Thunder Bay, Ontario. The company is currently conducting an extensive exploration program at the newly expanded Delta-1 project, which covers approximately 308 square kilometres of the eastern Shebandowan Greenstone Belt. Delta is planning its next drill campaign for early January 2025. The funding will support the company's exploration efforts on a non-dilutive basis, contributing to Ontario's mining sector development.
Delta Resources (TSXV: DLTA) has received two exploration permits for early-stage mineral exploration at the Delta-1 Expanded property in Thunder Bay, Ontario. Over 90% of the property is now permitted for early-stage exploration, including diamond drilling. Additionally, the company has granted 4,005,000 stock options to management, board members, employees, and consultants, exercisable at $0.20 for 3 years from the grant date with immediate vesting.
Golden Share Resources has signed a Property Purchase Agreement with Delta Resources on November 18, 2024, granting Delta 100% interest in the Elwood property. The property, located west of Thunder Bay, Ontario, covers 16.85 hectares and includes one patented mining claim in Duckworth Townships. Additionally, Golden Share has extended its Share Exchange Agreement with Lipari Diamond to December 31, 2024. The regulatory documentation for the listing is largely complete, with third-party capitalization remaining as the final step to close the RTO.
Delta Resources has expanded its presence in the Eastern Shebandowan Greenstone Belt by acquiring 19 additional claims covering 233 hectares. The company secured 11 claims from Metals Creek Resources and rights to 8 claims from Gold Cache Inc. The claims, contiguous with the Delta-1 Property, host several gold occurrences including the Echo Zone and Gold Cache Main Zone, with samples showing up to 50.1 g/t Au. Delta's total land package now spans 30,833 hectares. The acquisition terms include a $55,000 payment, 1.25M Delta shares issuance, and $40,000 in installments to Gold Cache Inc. A 1% NSR royalty will be retained by Metals Creek, with buyback options available.
Delta Resources (TSXV: DLTA) (OTC Pink: DTARF) has acquired a 100% interest in the Orebot property, expanding its Delta-1 property in Thunder Bay, Ontario. The acquisition adds 743 hectares in two blocks, extending coverage of the Shebandowan Structural Zone by nearly 4 kilometers to the east. The south block covers a polymetallic occurrence with historical grab samples of up to 175 g/t Au.
Delta will pay $35,000 and issue 500,000 common shares for the property, subject to TSX approval. The vendors retain a 2% Net Smelter Return Royalty, with Delta having options to buy back portions of the NSR. Additionally, Delta has engaged Red Cloud Financial Services for promotional services for an initial 6-month term at $60,000.
Delta Resources (TSXV: DLTA) (OTCBB: DTARF) has provided an update on its Delta-1 Gold Project in Thunder Bay, Ontario. Key highlights include:
1. The Eureka Gold Deposit has been outlined to a strike length of over 2.5 kilometers and a vertical depth of 300 meters, remaining open along strike and at depth.
2. An 11-meter section of the deposit exposed at surface through trenching assayed 1.23 g/t Gold.
3. Delta has expanded its land position in the Eastern Shebandowan Greenstone Belt to 30,600 hectares, containing multiple gold-endowed deformation zones spanning over 30 kilometers.
4. The company plans to continue expanding the Eureka Gold Deposit and test new gold targets throughout the property in its next drill campaign.
5. Delta has completed 115 drill holes totaling 35,575 meters since the discovery hole in October 2022.
Delta Resources (TSXV: DLTA) (OTC Pink: DTARF) has announced the results of its Annual and Special Meeting of shareholders held on August 28, 2024. Shareholders approved all items proposed by the Board of Directors and Management, including the re-election of directors Frank Candido, Andre C. Tessier, Kevin B. Heather, and Sara Marcotte Paquet. KPMG LLP was appointed as the company's auditor, and the stock option plan was approved.
Additionally, Delta has engaged two third-party investor relations firms to enhance its investor outreach and broaden engagement. The company believes its current market capitalization does not accurately reflect the value of its Eureka Gold deposit project and the prospectivity of its large land package in the eastern Shebandowan Greenstone Belt of Thunder Bay, Ontario.