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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 additional significant assay results received from four holes completed in the North Zone. These holes are located outside of the recently discovered, high-grade uranium-silver-copper mineralization contained within the North Zone as announced May 21, 2008. Assay results have now been received from 17 of the 44 diamond drill holes completed on the North Zone. The average grade of the 17 holes reported to date is 0.207% U3O8 and the average thickness is 3.36 metres. As listed in Table 1 below, all North Zone holes continue to contain significant concentrations of uranium +/- silver and copper. Table 1 Length Hole From To (i) U3O8 Ag Cu Name (m) (m) (m) (%) (g/tonne) (%) DF-077 272.50 274.00 1.50 0.199 24.3 0.23 DF-086 232.40 234.80 2.40 0.429 84.9 0.39 280.80 286.00 5.20 0.122 56.7 0.43 DF-088 293.20 296.50 3.30 0.277 76.5 0.19 DF-099 293.00 294.60 1.60 0.104 5.48 0.13 (i) Intercept widths are estimated to be between 90-100% of true widths. Please see www.deltaexploration.com for plan map of drill hole locations. Diamond drill hole DF-086 intersected strong uranium mineralization on both sides of the Road Fault, a reverse, synsedimentary fault which has displaced the flat-lying, uranium-bearing Kania Sandstone 55 to 60 metres up to the east. The north-west trending North Zone averages 450 metres in width over most of the 1500 metre strike length tested to date and remains open along strike to the east and west. The Kania Sandstone at the North Zone consists of much thicker and coarser-grained sandstone and conglomerate relative to the Central Zone. Much of the uranium mineralization is found within these coarser grained layers. The current drill program has continued to test the North and Central Zones and has completed initial drill testing of the Bodi Area and Eastern Structural Corridor. Bodi is located approximately 1.0 kilometres north of the North Zone and the Eastern Structural Corridor is situated approximately 4.0 kilometres east of the Central Zone. Assay results from the two exploration areas are pending. Rockgate has now completed over 40,000 metres of drilling in 149 diamond drill holes at the Falea project. All zones drilled to date in the Kania Sequence basal sandstone host uranium mineralization with anomalous to high grade concentrations of copper and/or silver. Unoxidized copper mineralization occurs mainly as disseminated and fracture controlled chalcopyrite with minor bands of bornite. Initial thin and polished section work by Rockgate indicates the copper was deposited before the uranium. More petrographic studies are being initiated, focusing primarily on the disseminated, coarse native silver discovered in the North Zone. The Falea exploration permit covers 150 square kilometres of the Falea-North Guinea-Senegal basin, a Neoproterozoic sedimentary basin marked by significant radiometric anomalies. Rockgate Capital owns a 60% interest in the Falea Uranium-Silver-Copper Project and is the project Operator. Delta holds the remaining 40%. Mr. Lorne Warner, P. Geo, Director and VP Exploration of Rockgate Capital Corp., is the Qualified Person for this press release under NI 43-101. All core samples are sawed in half and sent to Bamako where ALS prepares the samples with pulps then shipped to EcoTech Laboratories in Kamloops BC for ICP-MS analysis and ALS in Vancouver for XRF analysis for uranium. The company 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 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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