Could you introduce Delta Resources to our audience?

Delta Resources is an exploration company focused on exploring for gold and base metals in Ontario and Québec. We are listed on the TSXV and trade in the USA and Frankfurt as well. Currently, we have 101 million shares outstanding and a market cap of around C$17 million. Our flagship project is the Delta-1 gold project in Ontario, located about 50 km west of Thunder Bay, right on the Trans-Canada Highway. Over the past year, our primary focus has been on this project, where we have defined a mineralized zone with a 2.3 km strike length along the highway, making access to the site exceptionally convenient. Our second project, Delta-2, is in Québec, where we explore for copper-zinc and gold.

What are some recent developments and highlights at the Delta-1 project?

The discovery hole at the Delta-1 project was made in October 2022, and earned Delta the "Discovery of the Year" award in Ontario for 2022. This discovery hole intersected 5.9 g/t of gold over 31 m, with a section containing nearly 15 g/t of almost 12 m. We followed up this success with 100 m spacing drill holes, which returned wide intercepts of greater than 1 g/t over 163 m right at the surface. These results were a strong indicator of the project's potential.

Furthermore, in April/May of 2023 we hit Bonanza-grade gold, including an intersection of 1.6 kg/t over 1 m.

How do you intend to use the funds you raised recently?

We are in a strong financial position with C$7.4 million in the treasury, thanks to the C$10 million bought deal private placement we closed in May 2023. As for our plans in 2024, we are committed to continuing our expansion efforts at the Delta-1. While we have made substantial progress with the 10 km2 we have explored so far. We aim to expand the property scale and leverage the insights gained from our current gold deposit to explore the rest of the property.

We are currently compiling a wealth of data to ensure accurate exploration. Additionally, we just completed an induced polarization geophysical survey on the mineralized corridor. This survey will enhance our understanding of the geological structure. Once we have the data needed to apply our knowledge of the current deposit to the rest of the structure, we will resume drilling.

What are the biggest challenges facing juniors in Ontario?

Financing is currently the most significant challenge for junior mining companies. Many juniors have been unable to secure adequate financing and have been forced to release shares into the market.

Another challenge is the demographic landscape within the mining industry. This pertains to both the workforce and the investor base. Attracting millennials and younger investors to the mining sector has been difficult. In the long term, this could become a significant issue for our industry. It is crucial to attract and educate younger investors about the opportunities and benefits of mining.

How would you compare Québec and Ontario as mining destinations?

Both jurisdictions are extremely easy to work in. I would say Québec has a slight edge in terms of exploration credits and exploration incentives. Ontario also has some great programs, like the Ontario Junior Exploration Program which granted us C$200,000 for exploration, two years in a row. I believe both governments are working to streamline permitting processes. Lastly, they are both safe jurisdictions to work in with great infrastructure, and we never have to worry about the government stepping in and commandeering a project.

What are your plans for Delta Resources in 2024?

We will continue to expand the Delta-1 project and explore its vast potential; we have barely scratched the surface of the 107 km2 property. We aim to leverage our current knowledge of the gold deposit to explore the entire property and expand our gold inventory.

Delta Resources currently offers an excellent opportunity. Despite recent fluctuations in our stock price, the discovery has grown, and the project has been de-risked. We believe this progress will soon be reflected in our stock price, making it an advantageous time to invest in our company. We are committed to delivering value and growth for our investors.