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DEV Delta Exploration Com Npv

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Delta Exploration Com Npv TSXV:DEV TSX Venture Common Stock
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Delta Makes New Gold Discoveries on Manalo Gold Project, Mali

15/01/2008 5:51pm

Marketwired Canada


Delta Exploration Inc. ("Delta") (TSX VENTURE:DEV) is pleased to announce
results from RC (reverse circulation) drilling on Delta's 100%-owned Manalo Gold
Project in south-western Mali, West Africa. The first of two new gold
discoveries was made at the Dialafara Prospect, where the initial two holes
intersected 9.57 g/t Au over 9.0m and 29.07 g/t Au over 6.0m at the end of the
hole, respectively. A second discovery was made at Mansaya, where two holes
intersected 1.96 g/t Au over 5.0m and 0.69 g/t Au over 31.0m, including 1.01 g/t
Au over 12.0m, respectively. Also, 14 of 20 holes drilled on the Manalo Nord Est
structure returned significant gold values (see Table 3), extending the zone to
the northwest and southeast.


RC drilling totalled 5033 metres of reverse circulation drilling in 51 holes.
The drilling focused on 4 high priority targets identified by soil geochemical
and regolith mapping completed last April, and airborne electromagnetics (AEM),
magnetics, and radiometrics completed last May. Priority targets include Manalo
Nord Est, Sirabada, Mansaya and Dialafara.


Dialafara Prospect

At Dialafara, strong gold-in-soils anomalies and coincident EM conductors are
often associated with areas of artisanal mining. Thirteen holes totalling 1,412
metres were completed with 7 holes returning significant gold assays. Some of
the highest assays encountered to date on the property occur in drill holes
DL-07-01 and DL-07-02, both of which were drilled under the main artisanal
workings. Gold is associated with quartz veins hosted in clay-altered Birimian
metasediments (siltstones and fine-grained sandstones).




Table 1 RC Drill Results -- Dialafara Prospect

-----------------------------------
Hole ID  From     To Length Au (g/t)
-----------------------------------
DL-07-01   71     80      9    9.57
-----------------------------------
 incl.     75     78      3   24.74
-----------------------------------
DL-07-02   87     93      6   29.07
-----------------------------------
DL-07-07   85     91      6    2.17
-----------------------------------
DL-07-08   96     97      1    1.04
-----------------------------------
DL-07-09   66     70      4    0.61
-----------------------------------
 and      103    105      2    0.83
-----------------------------------
DL-07-11   17     35     17    0.64
-----------------------------------
 incl.     17     21      4    1.62
-----------------------------------
 and       53     72     19    1.71
-----------------------------------
 incl.     53     66     13    2.43
-----------------------------------
 incl.     53     57      4    5.17
-----------------------------------
DL-07-12  102    112     10    0.45
-----------------------------------



The Dialafara artisanal site sits in the centre of the permit, at the south end
of a large north-trending, anomalous gold-in-soils trend. The seasonal digging
site measures 108 metres x 70 metres striking north-south. A quartz-rich grab
sample from the workings assayed 29.7 g/t Au, while a sample from a waste pile
ran 0.38 g/t Au. Strongly anomalous soil samples include 656 ppb Au, 318 ppb,
and 93850 ppb, 1.0 kilometre, 2.6 kilometres, and 4.6 kilometres north of the
workings, respectively. More tightly spaced soil geochemical and ground
geophysical surveys are underway.


Mansaya Prospect

At Mansaya, several targets based on anomalous gold in soils and airborne
geophysical responses indicative of shear zones, were tested with 6 holes
totalling 552 metres. Several new zones of vein quartz float were identified and
significant intercepts of gold were associated with fractured and silicified
carbonaceous Birimian metasediments in one such zone.




Table 2 RC Drill Results -- Mansaya Prospect

-----------------------------------
Hole ID   From    To Length Au (g/t)
-----------------------------------
MS-07-03    15    20      5    1.96
-----------------------------------
MS-07-04    51    82     31    0.69
-----------------------------------
 incl.      57    75     18    0.94
-----------------------------------
 incl.      57    69     12    1.01
-----------------------------------



The Mansaya anomaly covers an area approximately 1000 metres x 1000 metres
overlapping a small artisanal site 80 metres x 60 metres. The anomaly is less
intense than other targets with a maximum of 59 ppb Au in soils.


Manalo Nord Est Prospect

1,876 metres were drilled in 20 holes along the Manalo Nord Est structure, where
previous drilling had intersected 18.48 g/t Au over 11.0 metres in a
north-northwest striking, steep-dipping, quartz-filled shear in Birimian
siltstones and sandstones. Highlights from the latest phase of drilling include
12.06 g/t Au over 6.0 metres in MN-07-12 and 3.16 g/t Au over 8.0 metres in
MN-07-01. Significant gold was intersected in 14 of the 20 holes drilled,
extending the strike length of the mineralization to over 500 metres.




Table 3 RC Drill Results -- Manalo Nord Est Prospect

-----------------------------------
Hole ID  From     To Length Au (g/t)
-----------------------------------
MN-07-01   97    105      8    3.16
-----------------------------------
MN-07-02   36     39      3    2.34
-----------------------------------
MN-07-04   39     42      3    3.31
-----------------------------------
MN-07-07   82     83      1    1.36
-----------------------------------
MN-07-09   76     79      3    2.90
-----------------------------------
 and      101    103      2    2.26
-----------------------------------
MN-07-11   80     83      3    2.78
-----------------------------------
 and       87     89      1    1.08
-----------------------------------
 and       96     97      1    2.27
-----------------------------------
MN-07-12   58     64      6   12.06
-----------------------------------
 incl.     61     63      2   35.60
-----------------------------------
MN-07-13  104    105      1    1.50
-----------------------------------
MN-07-14   65     68      3    6.92
-----------------------------------
 incl.     67     68      1   20.30
-----------------------------------
MN-07-15  103    104      1    3.81
-----------------------------------
MN-07-17    1      3      2    3.54
-----------------------------------
MN-07-18   47     50      3    3.70
-----------------------------------
MN-07-19   91     96      5    1.55
-----------------------------------
 incl.     91     94      3    2.72
-----------------------------------
MN-07-20   91     96      5    1.63
-----------------------------------
 incl.     91     93      2    3.33
-----------------------------------



Manalo Nord Est is an old artisanal site associated with a limited soil
geochemical anomaly that has been the focus of Delta's early exploration at
Manalo. On July 25, 2006 Delta announced that aircore drilling on Manalo had
"encountered high-grade, near-surface gold mineralization associated with
significant zones of quartz veining and alteration. MN-29 intersected 18.48 g/t
Au over 11.0 metres near the bottom of hole. Down dip of MN-29, MN-33 ended in
2.02 g/t Au over 2.0 metres. Approximately 50 metres to the south, MN-31
intersected 3.79 g/t Au over 8.0 metres. To the north 50 metres, MN-27
intersected 5.11 g/t Au over 2.0 metres and MN-32 hit 2.21 g/t Au over 8.0
metres. Another 50 metres to the north, MN-19 intersected 4.33 g/t Au over 3.0
metres at the bottom of the hole and MN-18 hit 0.82 g/t Au over 8.0 metres".


Sirabada Prospect

At Sirabada, a total of 1193 metres were drilled in 12 holes. Sirabada consists
of an intensely clay-altered zone in northerly striking, steep-dipping Birimian
metasediments. Artisanal mining is active at the site, Two grab samples of
quartz vein material in greywacke collected from "ore" dumps ran 32.76 g/t Au
and 3.64 g/t Au, respectively. Another two grab samples collected from waste
dumps assayed 1.16 g/t Au and 0.51 g/t Au, respectively. A coincident 1600 metre
x 800 metre gold-in-soils anomaly is oriented to the north-northwest.
Examination of the artisanal workings suggests that gold is associated with
quartz veins in the intensely altered metasediments. Intervals of anomalous gold
mineralization were found in several drill holes.


2008 Program

A program of detailed in-fill geochemical soil sampling and Induced Polarization
(IP) has commenced. Soil geochemistry will focus on the Dialafara, Dialafara
Nord, Mansaya, Sirabada, and Manalo Sud-Est Prospects. Gradient IP surveys will
be run across the Dialafara and Sirabada sites and several lines of
high-resolution IP (HiRIP) will traverse the Mansaya and Manalo Sud Est
structural trends. The next phase of drilling, to include both RC and core, will
follow.


The Manalo Project comprises the Manalo and Balandougou permits totalling 225
square kilometres, located 100 kilometres southwest of Bamako, the capital city
of Mali.


Christopher J. Wild, P.Eng, V.P. Exploration for Delta Exploration Inc., is
Delta's Qualified Person.


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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