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Delta Resources has launched the largest field exploration program in its history at the Delta-1 gold project, 50 km west of Thunder Bay in the Shebandowan greenstone belt.
"Our 2026 exploration program is designed to unlock value across the Delta-1 Project through the systematic advancement of multiple high-priority targets," said CEO Ron Kopas. "Recent work has highlighted significant blue-sky potential across the project, identifying several compelling opportunities within the highly prospective I-Zone-Crayfish Creek Fault corridor."
Initial field work is focused on the I-Zone/Crayfish Creek Fault sector, about 18 km southwest of the company's Eureka gold deposit. The program includes systematic geological mapping, prospecting, trenching and sampling of known gold occurrences, along with follow-up work on targets identified through recent prospecting, till sampling and the integration of historical geological, geophysical and geochemical datasets.
The I-Zone area carries a long history of encouraging gold results. Inco Gold drilled 3.28 g/t gold over 14.6 metres in 1988-89, and Ovalbay reported intercepts of 4.32 g/t over 41 metres, 4.53 g/t over 14.4 metres and 4.36 g/t over 20.4 metres in 1995. A 1,000 kg mini-bulk sample taken by Mengold in 2008 graded 9.9 g/t gold. Delta's own channel sampling in 2024 returned 1.23 g/t gold over 40.6 metres, including 2.12 g/t over 12 metres and 3.39 g/t over 5 metres, plus 2.40 g/t over 16.2 metres, including 5.54 g/t over 5 metres.
At Eureka, drilling resumes later this summer with step-out holes at both Eureka and Shabaqua, complemented by targeted infill drilling ahead of a maiden mineral resource estimate planned for later this year.
"We will then look to move the drill in early autumn to the I-Zone/Crayfish Creek Fault sector with our fleshed out targets and expect to keep the drill rig busy throughout the rest of the year," said Kopas.
The program is fully funded following a $6.56-million charity flow-through financing at $0.245 per share that closed May 27. The company's funding needs over the next three years are further supported by the option of its Delta-2 property in Chibougamau, Quebec, to Troilus Mining for $8.25 million, a deal that closed in February with Delta retaining a 1% net smelter return royalty.
Alongside exploration, the company continues environmental baseline studies, hydrological monitoring, metallurgical testing and stakeholder engagement to support the project's longer-term development.
Delta-1 hosts a large, near-surface gold system adjacent to the Trans-Canada Highway. The Eureka deposit extends over 2.5 km of strike length to depths exceeding 300 metres, with mineralization observed to roughly 600 metres vertical depth and open in all directions. The 340 km² property has produced drill intercepts including 5.92 g/t gold over 31 metres and 1.79 g/t gold over 128.5 metres.