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Delta Res Ltd. (GOLHF)

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Last Post: 8/13/2020 9:31:23 AM - Followers: 0 - Board type: Free - Posts Today: 0


(TSXV:DLTA) (OTCBB:GOLHF) (Frankfurt:6G01)

Website:
https://deltaresources.ca/

About us

Delta Resources Limited is a new Canadian mineral exploration company born at the end of June 2019.  The Company is focused on growing shareholder value through the acquisition of high-potential gold and base-metal projects in Canada, exploring these projects with state-of-the-art methods, and potentially developing these projects into mines. 

Delta is currently focused on exploring its high-potential Delta-1 (Eureka) and Delta-2 projects respectively in the Thunder Bay area of Ontario and in the Chibougamau Mining Camp of Quebec while evaluating other projects in Canada deemed to have a strong potential for new discoveries. 

Delta owns a 100% interest in the Bellechasse-Timmins gold property and deposit  located in the Beauce Region of Southeastern Quebec, Canada.  The Bellechasse-Timmins deposit contains a 43-101 compliant gold resource of 171,000 ounces at an average grade of 1.83 g/t gold in the indicated category and an additional 95,000 ounces at an average grade of 1.36 g/t gold in the inferred category.  On July 3rd, 2020, Delta announced the sale of the Bellechasse-Timmins project to Yorkton Ventures Inc. for $1.7M payable over a period of 15 months following signing.   The non-dilutive influx of capital will be directed on advancing the Delta-1 and Delta-2 projects.


Board of directors

ANDRÉ TESSIER P.Eng, P.Geo.
Director, President & CEO

Mr. Tessier is a Professional Engineer and Geologist, involved in the mineral exploration and mining industry since 1989, including 12 years as Director, President and CEO of publicly traded Junior companies.  Mr. Tessier started his career as Exploration Manager of the Quebec exploration office for Cominco Ltd in Noranda.  He subsequently became geological consultant to the industry with clients from both the major and junior sectors in Canada, South and Central America and Central Asia.  In 2003, Mr. Tessier was appointed President, CEO and Director of Murgor Resources Inc.  a position he held until 2015 when Murgor successfully merged with a Toronto-based junior exploration company.

During his tenure at Murgor, the company raised over $38M through equity financing and asset value-creation (i.e. acquisition – value addition – monetization).   Since 2016, Mr. Tessier has been employed by the Ontario Geological Survey and has been an adjunct Professor at Queen’s University in Kingston since 2018.

Some of his technical achievements include the discovery of Zones 43 and 45 at the Barry gold deposit in Quebec (1995-96), Zones 11, 17 and 54 at the Windfall Gold Deposit in Quebec (2003-04) and directing the exploration team that led to the delineation and expansion (by a factor of 200%) of the Hudvam & Wim Cu-Au deposits in Manitoba (2007-08).

Mr. Tessier obtained his Engineering degree at Ecole Polytechnique in Montreal and his MSc in Economic Geology at Queen’s University in Kingston.

 

FRANK CANDIDO
Chairman - Vice-President of Corporate Communications

Frank Candido is an independent financial consultant. As President of Golden Hope Mines Limited (GNH:TSX/V), Mr. Candido led the implementation of a name change, a new management team, a new technical team and a re-vamped Board of Directors. Mr. Candido is currently the managing partner at Direct Financial Strategies and Communications Inc., a company that he founded in 2006 and which specializes in the financing/consulting of private and publicly listed micro-cap and small cap companies as well as providing ongoing public and investor relations services. Mr. Candido is a graduate of Concordia University with a BA in Economics and McGill University with a Graduate Diploma in Finance.

 

ROY MILLINGTON, BLC, LLB
Director

Mr. Millington was Chief Counsel, Corporate, Rio Tinto Alcan. Rio Tinto Alcan is the aluminum division of Rio Tinto, an international mining company. Roy’s duties included corporate, compliance, commercial, human resources and project-oriented legal work. He was Corporate Secretary of Alcan Inc., an international aluminum company, until its acquisition by Rio Tinto in October 2007. He began his career with Alcan in 1989.
Mr. Millington maintains an active legal practice.

Dr. KEVIN B. HEATHER
Director

Dr. Kevin B. Heather is an economic geologist with more than 35 years of field experience in North and South America. Dr. Heather was a founding member of both Antares and Regulus and directed the exploration that led to the discovery of the high-grade Haquira East deposit in Southern Peru, which sold to First Quantum Minerals in December 2010 for C$650 million. His professional credentials include a BSc. (honours) degree in Geology from UBC in 1982, a MSc. degree in Geology from Queen’s University in 1985, and a PhD. degree from the
University of Keele in 2001. Dr. Heather is currently the Chief Geological Officer (CGO) for Regulus and Aldebaran and is the QP (FAUSIMM) responsible at a corporate level for overseeing the technical aspects of both company’s exploration activities. During his career Dr. Heather has been involved with several discoveries and has worked on various world-class ore deposits including the El Indio Au-Ag-Cu Mine (Chile), the Pascua-Lama Au-Ag deposit (Chile-Argentina), and the Au-Ag Cerro Vanguardia Au-Ag deposit (Patagonia, Argentina).

Properties
The Bellechasse-Timmins Property, Quebec, Canada

  • Bellechasse-Timmins Gold Deposit,
    Champagne Cu-Pb-Zn Deposit

 ON JULY 3RD, 2020, DELTA SIGNED AN AGREEMENT WITH YORKTON VENTURES INC TO SELL THE BELLECHASSE-TIMMINS PROJECT FOR $1.7M PAYABLE OVER A PERIOD OF 15 MONTHS FROM THE DATE OF SIGNING.  DELTA IS RETAINING A 1% NSR INTEREST IN THE PROPERTY. 

LOCATION:

The Bellechasse-Timmins gold deposit is located approximately 7 kilometres by paved road from the village of St-Magloire in Bellechasse Township, Beauce Region of Quebec, in Bellechasse and Panet townships.  The property is 83 kilometres east of Quebec City and some 15.5km west of the border with the State of Maine, USA. 

DESCRIPTION:  

Delta holds 100% interest in the 157 claims covering 5677.1 hectares (Figure 1). The claims are in two blocks, a large northern block and a smaller southern block. 




 

OWNERSHIP: 

100% Delta subject to: 

  • A 5% Net profit royalty on profits exceeding $250,000 on 4 claims that encompass the BT deposit).
    A 2% NSR on the remainder of the property of which 1% or 2% can be bought back by Delta for $1,000,000.

GEOLOGY (From SGS-Duplessis 2012 43-101 Technical report):               

The property lies within the Northern Appalachian Fold Belt between the Baie Verte-Brompton

Line (BVBL) and the Guadeloupe Fault.

The property lies within the St-Victor Syncline near its north closure (Figure 2). The rocks of the synclinorium are believed to be Upper Cambrian to Lower Ordovician age. These authors have divided Rocks of the area have been divided into five zones: From the northwest they are the Humber, Dunnage, Gander, Avalon, and the Meguma in the southeast. The property lies within the Dunnage Zone.

Rocks of the Dunnage Zone are believed to have deposited in the Iapetus ocean (600-550 Ma) and include remnants of volcanic island arcs and associated clastic and volcanoclastic sediments related to subduction of oceanic crust and its sedimentary and volcanic cover.

Rocks of the property are Ordovician in age and consist of sandstones and slates of the Frontiere Formation, overlain by felsic tuffs and cherts of the Etchemin Formation which are in turn overlain by an assemblage of intercalated graphitic slates, felsic tuffs and cherts of the Beauceville Formation at the core of the St-Victor Syncline.  All three formations are intruded by thin sills of gabbro / Diorite. 

The Bellechasse-Timmins gold deposit is spacially associated with a gabbroic/dioritic sill within the Etchemin Formation while the Champagne Cu-Pb-Zn deposit is hosted within the Beauceville Formation.

The Delta-1 Gold Property, Ontario, Canada

  • Eureka Gold Discovery

LOCATION:

The Delta-1 Property is located 50 km west of the City of Thunder Bay by traveling west on the Trans-Canada highway, in the Thunder Bay Mining Division.  The property straddles the Trans-Canada highway for 16 kilometres.  The property can be further accessed by a series of forestry roads and haulage trails that cover much of the area (Figure 1).

The Delta-2 Property, Quebec, Canada and the R-14 Gold Prospect.

LOCATION:

The Delta-2 property is located roughly 35 kilometres south east of the town of Chibougamau (Figure 1: location map). Claims are located within the La Dauversière, Queylus, Dollier, Charron and Lemoine Townships. (Figure 1)

The property is accessed via paved highway 167 which crosses the western portion of the claim block.  The rest of the property is accessed by a network of gravel roads and trails.  A CN railway track also crosses the western portion of the claim block along with power lines.

 


20 06 30 President Message June 2020

 
2020 July President Message

 
 
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PostSubject
#30   Love seeing video updates like this! Company is Stock Sumo 08/13/20 09:31:23 AM
#29   $DLTA $GOLHF News Stock Sumo 08/12/20 09:19:38 AM
#28   Interesting video I just ran across about the Stock Sumo 08/10/20 03:30:47 PM
#27   3:15 "In terms of investors we will have Stock Sumo 08/05/20 09:58:54 AM
#26   2020 July President Message Stock Sumo 08/05/20 09:57:33 AM
#25   Wow nice article thanks!! MONEYBAGSCLAY 07/28/20 02:44:49 PM
#24   Checkout this interesting article on $GOLHF I just Stock Sumo 07/28/20 01:23:10 PM
#23   Nice news today BERKSHIRE AGENT 07/28/20 09:43:53 AM
#22   Awesome news MONEYBAGSCLAY 07/28/20 09:41:52 AM
#21   Last months $GOLHF Video update from the company Stock Sumo 07/28/20 09:19:57 AM
#20   $GOLHF Video Chart Stock Sumo 07/28/20 08:56:39 AM
#19   $GOLHF News out this am Stock Sumo 07/28/20 08:56:30 AM
#18   Yeah it is :) MONEYBAGSCLAY 07/27/20 09:52:15 PM
#17   Coiled and ready for new highs BERKSHIRE AGENT 07/27/20 02:09:09 PM
#16   NICE GREEN DAY HERE MONEYBAGSCLAY 07/27/20 12:12:34 PM
#15   Good morning moving up this morning :) MONEYBAGSCLAY 07/27/20 10:16:46 AM
#14   Ready to see a big breakout from here. BERKSHIRE AGENT 07/27/20 09:50:50 AM
#13   Yep doesn’t look like it’s getting any cheaper MONEYBAGSCLAY 07/26/20 12:19:11 PM
#12   Grabbed a nice chunk on Friday. Looking to BERKSHIRE AGENT 07/26/20 08:13:46 AM
#11   Yeah it is and been hearing some buzz MONEYBAGSCLAY 07/25/20 07:46:43 PM
#10   Nice! GOLD BOOM 2020 IS COMING! BERKSHIRE AGENT 07/24/20 11:26:44 PM
#9   GREEN CLOSE ON A FRIDAY NICE!! MONEYBAGSCLAY 07/24/20 06:15:01 PM
#8   Check this out awesome tweet https://mobile.twitter.com/EquityInsightCA/status/1 MONEYBAGSCLAY 07/24/20 02:56:07 PM
#7   Going to go PARBOLIC coming week onwards I BERKSHIRE AGENT 07/24/20 02:55:15 PM
#6   NEWS YESTERDAY https://www.accesswire.com/598543/Delta-Resources-Receives-First- MONEYBAGSCLAY 07/24/20 10:42:54 AM
#5   Wow!!! That’s crazy MONEYBAGSCLAY 07/24/20 09:55:10 AM
#4   Good morning!! Nice movement today gold is hot!! MONEYBAGSCLAY 07/24/20 09:54:37 AM
#3   Bought some of this one. Hearing good things. BERKSHIRE AGENT 07/24/20 09:52:31 AM
#2   Golden Hope Mines Ltd. changed to Delta Res Renee 07/17/19 05:40:40 PM
#1   Found our Mine! Billy055 06/22/18 08:34:36 PM
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