Delta Commences Its First-Ever Drill Program at I-Zone-Crayfish Creek Fault Corridor and Reports Channel-Sampling Results Including 2.36 g/t Gold over 15.1 Metres

Delta starts I-Zone drilling, reports strong new gold channel samples at Delta-1, Ontario.

What the company is saying

Delta Resources Limited is emphasizing the start of its maiden drill campaign at the I-Zone, part of a 10,000-metre program at the Delta-1 Gold Project in Ontario, Canada. The company highlights new channel-sampling results, including 2.36 g/t Au over 15.1 metres and 3.81 g/t Au over 2 metres, as evidence of the project's potential. CEO Ron Kopas frames I-Zone as a priority target and points to the extension of surface mineralization by more than 400 metres eastward as a key development. The narrative stresses the scale of the Delta-1 property (340 sq km), the presence of multiple gold corridors, and the proximity to infrastructure, with year-round access. The release references historical high-grade results and a 1,000 kg mini-bulk sample averaging 9.90 g/t Au to reinforce the project's pedigree. The company maintains a confident and factual tone, with technical validation by VP Exploration Daniel Boudreau, P.Geo., and details on QA/QC procedures.

What the data suggests

The disclosed channel-sampling results at I-Zone include 2.36 g/t Au over 15.1 metres (D1-26-TR18-03), 3.81 g/t Au over 2 metres (D1-26-TR16-08), 0.81 g/t Au over 3 metres (D1-26-TR16-09), 1.10 g/t Au over 16.9 metres (D1-26-TR14-03), and 1.07 g/t Au over 6.1 metres (D1-26-TR20-03). Previously reported intervals include 4.85 g/t Au over 8.0 metres, 2.91 g/t Au over 8.3 metres, and 4.23 g/t Au over 4.3 metres. Historical drilling returned 3.28 g/t Au over 14.6 metres, 4.32 g/t Au over 41.0 metres, 4.53 g/t Au over 14.4 metres, and 4.36 g/t Au over 20.4 metres. A 1,000 kg mini-bulk sample averaged 9.90 g/t Au. The property covers 340 square kilometres, and the Eureka Gold Deposit features intercepts such as 5.92 g/t Au over 31 m (including 14.8 g/t Au over 11.9 m) and 1.79 g/t Au over 128.5 m. The new results extend surface mineralization by over 400 metres eastward. QA/QC protocols are described, and several assay results remain pending. The data demonstrates consistent near-surface gold mineralization with grades and widths that are significant for early-stage exploration, but no resource estimate or economic assessment is provided.

Analysis

The announcement is generally proportionate in tone, focusing on the commencement of drilling and reporting specific, credible channel-sampling results with trench IDs and grades. The majority of claims are realised and supported by disclosed assay data, with only a small fraction being forward-looking (e.g., pending results and future drill updates). The narrative references historical results and the scale of the property, but does not overstate near-term value or make exaggerated claims about imminent production or resource size. The 10,000-metre drill program signals significant ongoing exploration spending, but this is typical for a pre-resource junior and is not paired with unrealistic promises of short-term returns. The absence of financial data is not a deficiency for an exploration-stage company. The only mild inflation is in the use of phrases like 'priority exploration target' and 'build on the identification of gold occurrences,' which are standard for the sector and not excessive. Overall, the gap between narrative and evidence is minimal.

Risk flags

• ●There is no NI 43-101 compliant resource estimate for I-Zone, so the scale and continuity of mineralization remain unproven and subject to significant geological risk.
• ●The economic viability of the project is undetermined, as no cost, recovery, or metallurgical data are disclosed, and the widths reported are not true widths of the host dikes.
• ●Several channel-sample results are still pending, so the current dataset may not fully represent the mineralization's variability or potential continuity.
• ●Historical results are referenced but are not NI 43-101 compliant, introducing uncertainty about their reliability and comparability to current results.
• ●The announcement does not disclose exploration budgets, cash position, or funding sources for the 10,000-metre drill program, raising potential financing and dilution risk if additional capital is needed.

Bottom line

Delta Resources has begun drilling at the I-Zone, reporting encouraging new channel-sampling results with grades up to 3.81 g/t Au over 2 metres and 2.36 g/t Au over 15.1 metres. The property is large and well-located, and historical work suggests the presence of high-grade gold, but no compliant resource or economic study exists yet. The company is transparent about QA/QC and pending results, but the project's value remains speculative until drilling defines continuity and scale. Investors should expect further updates as additional assays and drill results are released. The most important takeaway is that Delta is in the early stages of systematic exploration at I-Zone, with credible technical progress but no near-term path to production or resource definition yet.

Announcement summary

(TSXV:DLTA) (OTCQB:DTARF) (FSE:6GO1) Delta Resources Limited announced that its maiden drill campaign at I-Zone is underway and reported additional channel-sampling results from its 2026 I-Zone surface exploration program at the Delta-1 Gold Project, located approximately 50 kilometres west of Thunder Bay, Ontario. Trench D1-26-TR18 channel samples returned 2.36 g/t Au over 15.1 metres. Trench D1-26-TR16 channel samples returned 3.81 g/t Au over 2 metres. Additional new channel-sampling results include 0.81 g/t Au over 3 metres in channel D1-26-TR16-09, 1.10 g/t Au over 16.9 metres in channel D1-26-TR14-03, and 1.07 g/t Au over 6.1 metres in channel D1-26-TR20-03. Previously reported intervals include 4.85 g/t Au over 8.0 metres in D1-26-TR17-01, 2.91 g/t Au over 8.3 metres in D1-26-TR20-07, and 4.23 g/t Au over 4.3 metres in D1-26-TR20-08. The I-Zone drilling is part of the 10,000-metre Delta-1 drill program announced on September 22, 2026, and is designed to test the continuity of gold mineralization at depth and along strike. The initial sampling results announced on September 21, 2026, extended known I-Zone gold mineralization by more than 400 metres eastward. Several channel-sampling results are still pending and will be released as they become available. Gold mineralization at I-Zone is primarily associated with N-S-trending extensional quartz veins hosted within E-W-trending felsic dikes, with observed true widths of the felsic dikes at surface ranging from less than one metre to approximately four metres. The I-Zone is a historically recognized gold occurrence within the broader I-Zone Sector, which hosts multiple high-grade gold intercepts within mineralized felsic dikes. Historical drilling returned 3.28 g/t Au over 14.6 metres (Inco Gold, 1988-1989), 4.32 g/t Au over 41.0 metres, 4.53 g/t Au over 14.4 metres, and 4.36 g/t Au over 20.4 metres (Ovalbay, 1995-1997). Mengold completed a 1,000 kg mini-bulk sample in 2008 that returned an average grade of 9.90 g/t Au. Ron Kopas, Chief Executive Officer (CEO) of Delta, stated that the latest channel-sampling results reinforce I-Zone as a priority exploration target and build on the identification of gold occurrences over approximately six kilometres along the Crayfish Creek Fault Corridor. I-Zone is located approximately 18 kilometres from the Eureka Gold Deposit and benefits from year-round access via logging roads. The Delta-1 Property covers approximately 340 square kilometres and hosts multiple gold-bearing corridors, including the Eureka Gold Deposit and the I-Zone-Crayfish Creek Fault Corridor. The Eureka Gold Deposit extends over 2.5 kilometres in strike length, remains open in all directions, and extends to depths exceeding 300 metres, with mineralization intersected to approximately 600 metres vertical depth. Highlights at Eureka include drill intercepts such as 5.92 g/t Au over 31 m (including 14.8 g/t Au over 11.9 m) and 1.79 g/t Au over 128.5 m. Daniel Boudreau, P.Geo., Vice President of Exploration at Delta Resources Limited, is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical information in this release. Channel samples were analyzed by AGAT Laboratories in Thunder Bay under Delta Resources' QA/QC program, which includes systematic insertion of certified reference materials and blanks. A metallic screening procedure was used for samples containing visible gold and for samples returning greater than 2.0 g/t Au on an initial 50 g fire assay, consisting of a 1 kg pulverized sample screened to 106 µm, followed by 50 g fire assay with gravimetric finish. QA/QC results are reviewed by the Qualified Person to ensure analytical results meet acceptable quality-control thresholds.

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