Delta Resources to resume Delta-1 drilling in September

Executive Summary

• Delta Resources Ltd. announced the commencement of Phase II of its 2025 drilling program at the Delta‑1 project in Thunder Bay, Ontario, targeting three priority zones (Eureka South, Shabaqua zone, Eureka West extension) with at least 13 new holes totaling >3,100 m.
• The program aims to expand near‑surface gold resources, test extensions of the Eureka deposit, and evaluate high‑grade corridors in the Shabaqua and Wedge areas, potentially enabling a starter‑pit mine or larger integrated operation.
• Additional exploration work will continue on the I‑Zone sector and the Wedge target, with plans for further trenching, till sampling, and a possible spring 2026 drilling campaign.

Key Details

• Drill Schedule: Fieldwork to resume mid‑September 2025; ≥13 holes, >3,100 m total depth.
• Eureka South Target: Follow‑up on existing near‑surface intercept of 0.84 g/t Au over 11 m; planned holes will test westward/eastward extensions along a gold‑anomalous corridor identified from 2025 grab samples.
• Shabaqua Zone: Acquired 11 contiguous claims (Oct 29 2024). Completed 14.4 km of IP surveying in 2024–2025; historic intercept of 0.45 g/t Au over 21 m (Metals Creek GC24‑002, Jun 14 2024) to be re‑tested.
• Eureka West Extension: Drill step‑out west from holes D1‑25‑124/125 targeting continuity with hole D1‑23‑83; fence of holes will also test east zone where historic grab samples returned up to 4.16 g/t Au.
• Wedge Area: Historic intercept of 0.48 g/t Au over 16.6 m (2003). Completed 46.8 km IP survey in 2024; targets being refined for a potential spring 2026 drill program.
• I‑Zone Sector: Two near‑term objectives – complete 2024 till sampling program and trench high‑grade gold veining within a felsic dike; program design for fall 2025 or spring 2026 execution.
• Qualified Person: Daniel Boudreau, P.Geo., Manager of Exploration, has reviewed and approved all technical information per NI 43‑101.

Notable Quotes

“Our objective is to highlight the value gap between Delta's current market position and the significant potential of the Thunder Bay region… We are increasingly focused on defining near‑term, developable higher‑grade starter pit opportunities.” – Ron Kopas, Interim CEO

Materiality Assessment: Non‑Material – Positive (exploration update with no immediate financial impact but positive outlook for future resource growth).