Delta Resources sets out 2026 exploration plans

Executive Summary

• Delta Resources Ltd. presented its 2026 exploration and development strategy for the Delta-1 gold project in Ontario, following the PDAC convention in Toronto.
• The company is fully focused on the Delta-1 project (specifically the Eureka and Shabaqua deposits) after optioning the Delta-2 property to Troilus Mining for $8.25 million earlier in the year.
• The 2026 plan emphasizes disciplined capital allocation, extensive fieldwork in the I-zone/Crayfish Creek fault sector, and infill/stepout drilling at Eureka and Shabaqua to deliver a maiden NI 43-101 mineral resource estimate later in the year.

Key Details

• 2026 Exploration Plan:
  • Focus on the I-zone/Crayfish Creek fault sector (297 sq km land position).
  • Planned activities include targeted exploration diamond drilling, infill drilling at Eureka and Shabaqua, systematic trenching, mapping, and sampling.
  • Goal is to expand and characterize mineralized zones ahead of future near-term drilling.
  • Anticipated outcome: Maiden NI 43-101 mineral resource estimate later in 2026.
• Historical Data (I-zone Sector):
  • Located ~18 km southwest of Eureka deposit.
  • Historical drilling by Landore Resources (1995-1997) returned:
    • 4.32 g/t Au over 41 m
    • 4.53 g/t Au over 14.4 m
    • 4.36 g/t Au over 20.4 m
  • Mini-bulk sample by Mengold Resources (2008) at I-zone trench returned average grade of 9.9 g/t Au.
  • Note: Historical results are not NI 43-101 compliant.
• Project Development & Derisking:
  • Surface water monitoring and hydrology studies ongoing.
  • Comprehensive metallurgical testing to refine processing limits.
  • Social engagement with local communities and stakeholders continuing.
• Corporate & Strategic Updates:
  • Delta-2 property optioned to Troilus Mining for $8.25 million.
  • Management held constructive discussions with potential strategic partners and capital markets participants at PDAC.
  • Upcoming conference attendance:
    • Swiss Mining Institute Conference (Zurich, March 18-19, 2026).
    • NWOPA Exploration Showcase (Thunder Bay, April 8-9, 2026).
• Investor Relations Agreement:
  • Retained Spark Newswire for 3 months at a cost of $25,000 USD.
  • Grant of 250,000 stock options at an exercise price of $0.25 per share.
  • Subject to TSX Venture Exchange regulatory approval.
• District Context:
  • Delta-1 is in the Shebandowan greenstone belt, Thunder Bay mining district.
  • Nearby deposits include Gold X2’s Moss Lake (recent $115.9M financing, $72.7M from AngloGold Ashanti) and Agnico Eagle’s Hammond Reef.

Notable Quotes

• Ron Kopas, CEO: "During the convention, the company held numerous constructive discussions with potential strategic partners, technical collaborators and capital markets participants. The consistent feedback we received highlighted strong market interest in high-quality, district-scale exploration opportunities located in stable mining jurisdictions, and Delta Resources is well positioned, given the advanced stage of its projects to benefit from a significant market rerating."
• Ron Kopas, CEO: "Following the optioning of the Delta-2 property earlier this year for $8.25-million from Troilus Mining, the company is now fully focused on advancing the Delta-1 project, and has developed a refined and exciting exploration strategy for 2026."