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 reports exploration and corporate developments for its gold-focused mineral properties in Canada, led by the Delta-1 Gold Project near Thunder Bay, Ontario. Recurring updates cover claim acquisitions and land-package expansion in the Shebandowan Greenstone Belt, drilling assays at the Eureka Gold Deposit, metallurgical test work, geophysical and surface exploration programs, and participation in regional mining-industry events.
Company news also includes non-dilutive exploration funding, option and royalty arrangements tied to its project portfolio, management appointments, and early warning ownership reports involving its common shares. The coverage reflects Delta's position as a junior exploration issuer focused on advancing gold targets in Ontario while managing additional mineral claims in Canada.
Delta Resources (OTC Pink: DTARF) has amended its option agreement with Golden Share Resources for the Band-Ore property in Thunder Bay, Ontario. The amendment fixes the minimum share price at $0.075, capping the maximum share issuance to 9,333,333. Delta aims to earn a 100% interest in the 2,115-hectare property, which includes historic high-grade gold resources. The terms include cash payments and share issuances over five years, with Delta retaining buyback options on royalties. Golden Share will receive bonuses if NI-43-101 resources are defined. The amended agreement awaits regulatory approval.
Delta Resources has released the final assay results from its 2024 drilling program at the 100% owned Delta-1 Gold project in Thunder Bay, Ontario. The total drilling covered 29 holes and 2 extensions, amounting to 9,286 meters. The highlights include significant gold intercepts such as 1.24 g/t over 22m, 1.01 g/t over 19.1m, and 1.56 g/t over 13.2m in the Eureka Zone.
Noteworthy high-grade results were found in Drill Hole D1-24-90 with 15.94 g/t over 10.0m and D1-24-87 with 22.3 g/t over 0.8m. The drilling extended the mineralized zone to a vertical depth of 300 meters and discovered new high-grade zones in the South Zone.
Delta's President and CEO, André Tessier, highlighted the internal continuity of the gold system and the extension of the mineralized zone to 2.5 kilometers in strike length. The company plans to integrate the data into its geological model to guide future drilling campaigns.
Delta Resources has entered into four agreements to acquire a 100% interest in 330 claim units across 68 square kilometers in Thunder Bay, Ontario, contiguous to its Delta-1 Property. These acquisitions make Delta the largest landholder in the eastern Shebandowan greenstone belt, covering 220 square kilometers.
The agreements include payments totaling $186,000 in cash and 1,933,334 shares, plus Net Smelter Return Royalties (NSR) with buyback options. Delta’s CEO, André Tessier, stated that these acquisitions position the company strategically in a highly prospective area.
Delta Resources has entered into an agreement with Golden Share Resources to acquire a 100% interest in the Band-Ore property in Thunder Bay, Ontario. The property, located near Delta's existing Delta-1 Property, spans 2,115 hectares and contains historic high-grade gold resources. Delta will pay a total of $1.3 million in cash and $700,000 in shares over five years. Golden Share retains a 2% Net Smelter Return Royalty, with Delta having an option to buy back 1% for $3 million. This acquisition expands Delta's land position to 152 square kilometers in the Shebandowan Greenstone Belt. The agreement is pending regulatory approval.
Delta Resources has expanded its land position at the Delta-1 property in Thunder Bay, Ontario by acquiring the exclusive rights to the Laurie and Horne properties. The company now controls 113 claim units covering approximately 24 square kilometers. Delta has reached an agreement with Sky Gold Corp to acquire a 100% interest in both properties, issuing shares and making payments. This expansion solidifies Delta's presence in the Shebandowan Greenstone Belt.
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