Kingston, Ontario–(Newsfile Corp. – December 10, 2024) – Delta Assets Restricted (TSXV: DLTA) (“Delta” or the “Firm”) is happy to announce that it has been chosen to obtain as much as $200,000 from the Ontario Junior Exploration Program (“OJEP”) to additional advance its exploration efforts on the Delta-1 property in Thunder Bay, Ontario.
Delta is within the midst of an in depth exploration program at its newly expanded Delta-1 mission which now contains roughly 308 sq. kilometres of the jap Shebandowan Greenstone Belt. Delta can also be planning its subsequent drill campaiugn set to start in early January 2025.
“We’re as soon as once more so happy to obtain the OJEP grant this 12 months once more. The funds go an extended approach to advance and broaden our exploration program on a non dilutive foundation on the Delta-1 mission, enhancing worth for all stakeholders,” says André Tessier, President and CEO of Delta.
“Investing in mineral exploration is significant to making sure Ontario’s long-term financial success and world competitiveness,” mentioned George Pirie, Minister of Mines. “This $200,000 in funding by way of the Ontario Junior Exploration Program (OJEP) will assist Delta Assets Restricted as they probe for gold and base steel deposits at their Delta-1 property in Thunder Bay, creating new alternatives and delivering lasting advantages to strengthen Ontario’s mining sector.”
About Delta Assets Restricted
Delta Assets Restricted is a Canadian mineral exploration firm centered on rising shareholder worth by way of the exploration of two very high-potential gold and base-metal initiatives in Canada.
DELTA-1 is Delta’s flagship mission, the place the corporate is constructing on a big gold stock 50 kilometres west of Thunder Bay, Ontario, at floor and adjoining to the Trans-Canada freeway. To this point, the gold mineralization is outlined over a strike size of two.5 km, from floor to a vertical depth of 300 m. Highlights embody drill intercepts akin to 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 306 sq. kilometres the place Delta has recognized a number of corridors of intense alteration and deformation, on strike with, and to the south of the Eureka gold zone and that has but to be completely explored.
The DELTA-2 property covers 205 sq. kilometres within the prolific Chibougamau District of Quebec. The property holds glorious potential for gold-rich polymetallic VMS deposits in addition to hydrothermal-gold deposits. Delta targets VMS deposits such because the LeMoine previous producer the place 0.76 Mt had been mined between 1975 and 1983, grading 9.6% Zn, 4.2% Cu, 4.5 g/t Au and 84 g/t Ag.
ON BEHALF OF THE BOARD OF DELTA RESOURCES LIMITED.
Andre C. Tessier
President, CEO and Director
www.deltaresources.ca
We search secure harbor. Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch. The TSX Enterprise Trade has not accredited nor disapproved of the knowledge contained herein.
Cautionary Be aware Relating to Ahead-Wanting Info
Some statements contained on this information launch are “forward-looking data” throughout the which means of Canadian securities legal guidelines. Typically, forward-looking data may be recognized by means of forward-looking terminology akin to “plans”, “expects”, “is anticipated”, “price range”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such phrases and phrases (together with adverse or grammatical variations) or statements that sure actions, occasions or outcomes “could”, “might”, “would”, “may” or “can be taken”, “happen” or “be achieved” or the adverse connotation thereof. Traders are cautioned that forward-looking data is inherently unsure and entails dangers, assumptions and uncertainties that would trigger precise info to vary materially. There may be no assurance that future developments affecting the Firm can be these anticipated by administration. The forward-looking data contained on this press launch constitutes administration’s present estimates, as of the date of this press launch, with respect to the issues lined thereby. We anticipate that these estimates will change as new data is obtained. Whereas we could elect to replace these estimates at any time, we don’t undertake to replace any estimate at any explicit time or in response to any explicit occasion.
