- Delta Resources (DTARF, Financial) has expanded the Eureka Gold Deposit with 600 meters of western extension and 400 meters of vertical depth.
- Discovery of a new "South Horizon" zone, with a strike length over 1km, further boosts potential.
- The company maintains a strong financial position with over $3M in cash, no debt, and full funding for exploration activities in 2025.
Delta Resources Limited (DTARF) announced promising advancements from its 2025 drilling program at the Delta-1 Project, located in Thunder Bay, Ontario. The program involved 12 drill holes extending over 5,909.80 meters and led to significant growth of the Eureka Gold Deposit.
The drilling efforts have successfully extended the mineralization 600 meters to the west and reached depths of 400 meters. Among the noteworthy discoveries is the South Horizon zone, situated 250 meters south of the main deposit, identified over a strike length exceeding one kilometer and open to further exploration both at depth and westward.
Delta Resources confirmed the persistence of gold mineralization at depths up to 550 meters, expanding the total strike length of the deposit to more than 3 kilometers. Gold intercepts from the drilling program included values of 1.19 g/t Au over 15.5 meters and 0.70 g/t Au over 35.5 meters.
Strategically positioned near the Trans-Canada Highway and the city of Thunder Bay, the project's geographical location augments its development potential. Delta Resources is well-capitalized with over $3 million in cash, ensuring no debt, and is fully financed for its 2025 exploration plan.
The company aims to leverage the current pause in drilling to devise the next drilling phase, focusing on enhancing resource estimation and exploring additional targets on the property. President and CEO Andre Tessier remarked on the successes of the 2025 drilling program and highlighted the potential for substantial resource growth due to these recent findings.
