The results from the site 50 km west of Thunder Bay on Lake Superior come from a group of four holes, and one extension hole for a total of 1,371 metres in the company’s 5,000-metre drill campaign this year. It aims to fill in gaps from Delta’s previous drilling in a 2-km strike to a 250-metre vertical depth, and to expand that envelope east, west and deeper.
“Once more, the gold zones continue to show continuity and homogeneity,” president and CEO André Tessier said in a release. “Drill hole D1-24-90 was especially excellent with high grades that are sure to help the economics of the deposit.”
Shares in Delta Resources were unchanged in Toronto on Friday, but they had risen 21% over the past five days to C$0.12 apiece, valuing the company at C$11.3 million. They’ve traded in a 52-week range of C$0.09 and C$0.61.
Last May, the company hit a market capitalization of C$39.2 million after reporting drill hole D1-23-38…
