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Delta Resources Announces Preliminary Results from Eureka Gold Discovery

Mining News - Published on Tue, 14 Jan 2020

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Delta Resources Limited announced preliminary results from its first drilling program at the Delta-1 Property, 50 kilometres west of Thunder Bay, Ontario. Results are deemed preliminary as many intervals within the drill holes remain to be sampled in order to define the mineralized zones. Delta completed a total of 1009 metres of drilling in 6 drill holes in late November 2019, testing the Eureka Gold Occurrence. Drilling was carried out on three sections oriented at 160 degrees azimuth and spaced 100 metres apart. The westernmost sections cover approximately 220 metres across strike in three drill holes, the easternmost section covers approximately 175 metres in 2 drill holes and the central section covers approximately 110 metres with one drill hole.

From north to south, drilling intersected clastic sediments, ultramafic flows and feldspar-phyric mafic flows with sediments and ultramafic flows crosscut by dikes of intermediate composition. All units are pervasively altered and mineralized the same way. Alteration consists of progressive ankeritization and silicification followed by at least two generations of breccias. The timing of gold mineralization is still unclear. Both alteration and mineralized zones are open in all directions. The true thickness of the mineralized zones can't be established yet due to a lack of information.

Results to date show a very wide zone of low-grade gold mineralization intersected over 200 metres of strike length in drill holes DT1-19-02, 03 and 05.

DT1-19-02 = 106.7 m grading 0,11 g/t gold (note that 17,8 m of drill core remains to be assayed within the zone and were temporarily assigned values of zero).
DT1-19-03 = 141.0 m grading 0,13 g/t gold (note that 20,8 m of drill core remains to be assayed within the zone and were temporarily assigned values of zero).
DT1-19-05 = 97.0 m grading 0,23 g/t gold (note that the zone is open, up and down hole and 23,6 m of drill core remains to be assayed within the zone and were temporarily assigned values of zero).

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Posted By : Rabi Wangkhem on Tue, 14 Jan 2020
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