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Share Name | Share Symbol | Market | Type |
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Delta Exploration Com Npv | TSXV:DEV | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Delta Exploration Inc. ("Delta") (TSX VENTURE:DEV) is pleased to report assay results from seven holes completed in the Bodi Area. The Bodi Area is located 1 kilometre north of the North Zone along the same Central Structural Corridor which hosts the North and Central Zones. Significant assay results are listed below: From To Width U308 Ag Cu Hole Name (m) (m) (m) (%) (g/tonne) (%) DF-091 158.50 159.00 0.50 2.03 33.3 1.18 DF-092 155.80 156.30 0.50 0.084 0.29 DF-095 162.40 162.90 0.50 0.020 0.32 - Intercept widths are estimated to be 78% of true width. - Holes DF-090,094,097 and 098 contained no significant values. The first phase of diamond drilling in the Bodi Area has found the Kania Sequence lower sandstones to be narrower than those at North or Central Zones. All drill collar locations were confined to the main road due to steep topography at Bodi. The potential of more extensive mineralization at Bodi is interpreted to occur east of the area tested. This interpretation is based on recent drilling on the North and Central Zones as well as historical Cogema drilling results. Cogema completed limited drilling approximately 100-200 metres east of the current program and intersected good radiometric anomalies within 30 metres from surface. Thus, the Company believes that the Bodi area has good potential to host near-surface mineralization that may be exploitable by open pit mining. Therefore, more drilling is planned for this year. Drilling at Falea has focused primarily on the North Zone as thicknesses are seen to be increasing significantly to the east. Disseminated native silver is common throughout the zone. As noted in the May 21st and 28th news releases, the percentage of contained U308 has also increased substantially, relative to other holes completed in the North Zone. Assays are pending on 28 holes from the North Zone and another 31 holes from elsewhere around the Falea project. Over 40,000 metres in 149 diamond drill holes have now been completed on the property. The Falea exploration permit covers 150 square kilometres of the Falea-North Guinea-Senegal basin, a Neoproterozoic sedimentary basin marked by significant radiometric anomalies. Delta owns a 40% interest in the Falea U-Ag-Cu project. Delta owns a 40% interest in the Falea U-Ag-Cu project. Rockgate Capital Corp. owns a 60% interest and is the project operator. Mr. Lorne Warner, P. Geo, Director and VP Exploration of Rockgate is the Qualified Person with respect to this press release under NI 43-101. All core samples are sawed in half and sent to ALS-Bamako for sample preparation. Pulps are then shipped to Eco Tech Laboratories in Kamloops BC for ICP-MS analysis and ALS in Vancouver for XRF analysis for uranium. Rockgate inserts a standard, blank and requests a duplicate sample in every batch of 20 samples. On behalf of the Board of Directors Delta Exploration Inc. James T. Gillis, President & CEO This press release may be accessed at Delta Exploration's website: http://www.deltaexploration.com and at www.sedar.com. If you wish to be placed on Delta Exploration's e-mail press release list, please contact us at deltaex@telus.net.
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