Thesis
Delta Resources is poised to garner significant attention with its Delta-1 project, strategically located in the highly prospective Shebandowan Greenstone Belt near Thunder Bay, Ontario. The company’s aggressive expansion of its land claims to over 308km2, coupled with robust exploration results, underscores its potential for substantial resource discovery. Recent channel sampling by Delta from the I-Zone at Delta-1 revealed gold grades of up to 5.54 g/t over 5m at the surface. Meanwhile, its Eureka Gold Deposit extends over a 2.5-kilometer strike from the surface to a significant depth potential greater than 300m. With 90% of its newly acquired property permitted for exploration, Delta is ready to build on its impressive results.
The company’s fully-funded 2025 drilling program, at the Delta-1, aims to drill 10,000m in this initial phase. The program focuses on expanding the Eureka Gold Deposit, refining its geometry, and testing new nearby exploration targets defined by till geochemistry, whole rock geochemistry, and geophysical surveys. Before this phase of drilling, Delta had completed 115 drill holes to date, totaling approximately 36,000m at the Delta-1 Gold project.
Its strengthened financial position—boasting $5.6 million in cash ensures the company can accelerate its ambitious exploration strategy while minimizing dilution for shareholders. Couple this with near all-time high gold prices, plus proximity to Thunder Bay (50km) and strategic infrastructure, and you find a high-potential project with a sizable upside.
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