Delta Resources drills 10.3 m of 1.11 g/t Au at Eureka

Executive Summary

• Delta Resources Ltd. reported new gold intercepts from its Fall 2025 diamond drill program at the Delta-1 property in Ontario, specifically identifying a new gold zone at the Nova target within the Wedge area.
• The company announced the commencement of a 1,400-metre follow-up drill program to expand the Wedge zone, test the Nova target, and drill the Kaspar target, supported by recent high-resolution drone-based magnetic survey data.
• Interim CEO Ron Kopas highlighted the strategic upside of these discoveries and noted that the company is well-positioned to fund exploration following an $8.25-million option agreement to monetize its Delta-2 property in Quebec.

Key Details

• Nova Target (Wedge Area): Hole D1-25-153 intersected a new style of mineralization associated with massive pyrite lenses, returning 1.11 g/t Au over 10.3 metres. This target is located approximately 450 metres east of the Wedge zone.
• Wedge Zone Confirmation: Hole D1-25-152 confirmed mineralization at the previously identified Wedge zone, intersecting 27.3 metres at 0.23 g/t Au, including 7 metres at 0.23 g/t Au. Hole D1-25-153 also intersected the Wedge zone with isolated grades up to 0.73 g/t Au.
• Drill Program Statistics: The recent program consisted of 26 holes totaling 5,237 metres.
  • Shabaqua target: 14 holes (2,474 m)
  • Eureka South: 3 holes (888 m)
  • Eureka West: 4 holes (894 m)
  • Eureka infill/metallurgical work: 2 holes (285 m) – assays pending
  • South till anomaly: 1 hole (201 m)
  • Wedge area: 2 holes (495 m)
• Follow-Up Program: A new 1,400-metre drill program is underway focusing on:
  1. Expanding the footprint of the Wedge zone.
  2. Testing gold-bearing massive pyrite lenses and their association with VTEM anomalies at the Nova target.
  3. Drill testing the Kaspar target.
• Kaspar Target: Located over 900m from the Wedge zone, this target has yielded surface samples including 8.72 g/t Au, 4.01 g/t Au, and 1.75 g/t Au. Mineralization is associated with quartz-carbonate veins and pyrite in iron formation and chert.
• Geophysics: The follow-up drilling is supported by a recently completed 194.6 line-kilometre high-resolution, drone-based magnetic survey.
• Funding/Corporate Update: The company referenced an $8.25-million option agreement to monetize its Delta-2 property in Quebec, which will support exploration and project development activities.
• Assay Protocol: Samples with visible gold or from interpreted zones were analyzed via metallic screening (coarse and fine fractions analyzed by 50-gram fire assay with gravimetric finish). Samples without visible gold were initially assayed by 50-gram fire assay with ICP-OES finish; results >2.0 g/t Au triggered further metallic screening.
• Cut-off Grade: Mineralized intervals are calculated using a 0.2 g/t Au cut-off grade, with internal dilution constrained to no more than five metres of continuous core below the cut-off.

Notable Quotes

• "The discovery of a potential new gold zone at Nova target in the Wedge area highlights the exceptional upside for additional significant discoveries across our extensive Delta-1 property... As we continue to advance the Eureka gold deposit through infill and metallurgical work, we believe the ongoing discoveries of additional gold sources on the Delta-1 property, that could be developed synergistically with the Eureka deposit, continue to strengthen the project economics in this low-cost jurisdiction." – Ron Kopas, Interim CEO
• "In addition, we are pleased to announce a follow-up drill program on the heels of this new discovery. With the recent announcement of the $8.25-million option agreement to monetize our Delta-2 property in Quebec, we are well positioned to continue funding our exploration and project development activities to advance the Delta-1 property." – Ron Kopas, Interim CEO