Delta-1 Gold Project
The Delta-1 Gold Property, Ontario, Canada
| LOCATION | Located 50 kilometres west of the port City of Thunder Bay, Ontario, Canada. The property is easily accessible as it straddles the Trans-Canada Highway for nearly 30 kilometres. |
| OWNERSHIP | Delta owns a 100% interest or has the exclusive right to earn a 100% interest in 1523 claim units, 23 Patents (surface and mining rights) and one (1) Mining Lease in the Shebandowan Greenstone Belt. The property covers over 30,600 hectares (306 square km or 115 square miles). |
| HISTORY | With the past-producing INCO Shebandowan Mine immediately north of the property (1972-98: 9.29MT @ 1.75% Ni, 0.88% Cu, 1.83 g/t PGE), INCO Limited had a stronghold on the Shebandowan Belt for decades, exploring for Cu-Ni-PGEs. The belt was largely known as a “Copper-Nickel” Belt. As a result, the region has seen very limited gold exploration. Prior to Delta, most of the property has been dormant since 2008. |
| COMMODITIES | Gold is the focus for Delta at the Delta-1 Project. However, several very prospective and never-tested, Copper-Nickel targets have come to light at the property since Delta started its exploration at the property-scale. |
| STATUS | Since 2019 and with close to 36,000 metres of diamond drilling, Delta has outlined a gold deposit (The Eureka Gold Deposit) over a strike length of 2.5 kilometres, a vertical depth from surface to 300 metres with a true width ranging from 10 metres to 85 metres. At the end of 2023, with 25,000 metres of drilling, Delta outlined a drill-defined target ranging from 23MT grading 1.27 g/t Au to 67.4MT grading 1.04 g/t Au. The figures were unconstrained, with a cut-off grade of 0.3 g/t Au and all values capped at 10.0 g/t Au. These figures do not constitute a 43-101 Resource Estimate as the spacing between drill holes exceeds what would be required for a 43-101 gold resource of the Inferred category. |
| MINERALIZATION | Highlight drill intercepts include: 5.92 g/t Au over 31m (incl. 14.8 g/t Au over 11.9 m), 2.06 g/t Au over 65.8m, 1.79 g/t Au over 128.5m (incl. 2.16 g/t Au over 97.5m), 1.29 g/t Au over 97.0m, 1636 g/t Au over 1.0m and 15.94 g/t Au over 10.0m. A complete list of intercepts can be found by scrolling below (All drill results are posted under the tab Project/Delta-1/Complete Drill Hole Data 2019-2023 and Table of Results 2024). Although the Eureka Gold deposit remains at an early stage of exploration, its geological setting, mineralization style and alteration are all reminiscent of the near-surface expression of the Canadian Malartic Deposit located west of Val D’Or, Quebec. |
The past-producing INCO-Shebandowan Mine, sits immediately north of the property, where INCO Limited produced 9.29MT @ 1.75% Ni, 0.88% Cu and 1.83 g/t PGE between 1972 and 1998. As a results of this operation, INCO Limited had a stronghold on the Shebandowan Belt for decades, exploring for Cu-Ni-PGEs. The belt was largely known as a “Copper-Nickel” Belt.
As a result, the region has seen very limited gold exploration. Prior to Delta, most of the property has been dormant since the late 1990’s, with limited localized programs in 2003, 2008 and 2020.
DELTA EXPLORATION HISTORY:
Since optioning the Delta-1 Property in 2019, Delta has carried out several limited exploration programs in the area adjacent to the Gravel Ridge property. A summary of the exploration work by Delta Resources is provided below:
2019: A six-hole, 1009 m diamond drilling program which showed a very wide zone of low-grade gold mineralization intersected over a 200 meters strike length and extending vertically from the surface to a depth of up to 110 meters.
2020: A 134 sample glacial sediments sampling program which indicated a major in till gold anomaly at the Eureka zone, a second anomaly three kilometers SE of the Eureka gold Prospect, and a Cu-Ni-Co geochemical anomaly west of the Kasper Gold Occurrence.
2020: A geological mapping, prospecting & sampling program which defined the mineralized zone at Eureka as consisting of a broad envelope of low-grade gold, ranging from 0.2 g/t Au to 0.4 g/t Au. This gold halo was defined over a strike length of 1.2 km and a minimum width of 300 m, therefore significantly expanding the lithogeochemical gold halo that was previously defined during the 2019 drilling program.
2021: An eight-hole, 1370 m diamond drilling program which expanded the mineralized zone from the surface to a vertical depth of 150 meters.
2022: An eleven-hole, 3693 m diamond drilling program that has produced the best drill-hole interval so far at the Delta-1 project with hole D1-22-18 returning values of 5.92 g/t gold over 31.0 metres(Including 14.80 g/t Au over 11.9 meters and Including 72.95 g/t Au over 2.2 meters), hole D1-22-24 returning 6.49 g/t Au over 10.0 metresand hole D1-22-25 returning 130.0 g/t Au over 1.0 metre, 1.20 g/t Au over 20.0m and 1.66 g/t Au over 18.1 metres.
2023: Delta completed sixty (60) drill holes (D1-23-26 to D1-23-86) for a total of 19,620 metres. The Eureka Gold Deposit was defined over 2.0 kilometres, extending from surface to over 250 metres vertical depth and with a true width of 10 to nearly 85 metres.
Delta’s 2024 Exploration:
Between January and May 2024 Delta completed a total of twenty-nine (29) drill holes and two (2) drill hole extensions for a total of 9,286 metres (complete 2024 drill results are posted under the tab Project/Delta-1/Table of Results 2024).
The objective of the drill campaign was to increase Delta’s gold inventory at Delta-1, increase Delta’s knowledge of the gold deposit and to expand the deposit size through exploration holes to the east, west and at depth. See the map showing the location of drill holes and a 3D model of the gold mineralized zone.
Below is a Map of the Delta-1 Eureka Gold Zone, showing the location of all Delta drill holes to date. The map also shows the alteration corridor that is hosting the gold mineralization and the East Extension of the mineralized zone. This alteration corridor is defined over approximately five kilometres of strike length at Delta-1
Gold mineralization occurs within a broad corridor of highly altered (ankerite-calcite-sericite-silicification and albitization) rocks exhibiting highly anomalous gold values of up to 0.2 g/t gold.
Higher-grade mineralization within this corridor is associated with a stockwork of quartz-ankerite-pyrite-gold veinlets, with increased density of these veinlets generally proportional to increased gold grade.
The gold mineralized zones have so far been intersected for a strike of approximately 2.5 kilometres, with a higher-grade core extending for nearly 950 metres. So far, the mineralization extends from surface to a vertical depth of approximately 300 metres. Mineralization strikes approximately 100 to 120 degrees azimuth, with a dip of 75-80 degrees north (shallower dips of 50N are observed in the western portion of the zone).
Higher-grade, wide ore shoots are observed and appear to be plunging approximately 40 degrees towards the west, within this structural corridor. Similar ore shoots are often observed in structurally controlled gold deposits and often occur with a certain periodicity. The currently defined ore shoots are open at depth.
