corporate presentation january 2020 - delta resources · disclaimer corporate presentation august...

DELTA RESOURCES LIMITEDCorporate Presentation January 2020

DLTA | TSX-V

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DELTA RESOURCES LIMITEDDisclaimerCorporate Presentation January 2020

CAUTIONARY STATEMENT ON FORWARD-

LOOKING INFORMATION

Certain information contained or incorporated byreference in this presentation, including anyinformation as to our future financial or operatingperformance, constitutes "forward-lookingstatements". All statements, other than statements ofhistorical fact, are forward-looking statements. Thewords "believe", "expect", "anticipate","contemplate", "target", "plan", "intends","continue", "budget", "estimate", "may", "will","schedule" and similar expressions identify forward-looking statements. Forward-looking statements arenecessarily based upon a number of estimates andassumptions that, while considered reasonable by us,are inherently subject to significant business,economic and competitive uncertainties andcontingencies. Known and unknown factors couldcause actual results to differ materially from thoseprojected in the forward-looking statements. Suchfactors include, but are not limited to: fluctuations inthe currency markets (such as the Canadian versusthe U.S. dollar); fluctuations in the spot and forwardprice of gold or certain other commodities (such ascopper); changes in national and local government

legislation, taxation, controls, regulations and politicalor economic developments in Canada or othercountries in which we do or may carry on business inthe future; business opportunities that may bepresented to, or pursued by, us; operating ortechnical difficulties in connection with miningexploration or development activities; employeerelations; the speculative nature of gold explorationand development, including the risks of obtainingnecessary licenses and permits; diminishing quantitiesor grades of reserves; and contests over title toproperties, particularly title to undevelopedproperties. In addition, there are risks and hazardsassociated with the business of gold exploration,development and mining, including environmentalhazards, industrial accidents, unusual or unexpectedformations, pressures, cave-ins, flooding and goldbullion losses (and the risk of inadequate insurance,or inability to obtain insurance, to cover these risks).Many of these uncertainties and contingencies canaffect our actual results and could cause actualresults to differ materially from those expressed orimplied in any forward-looking statements made by,

or on behalf of, us. You are cautioned that forward-looking statements are not guarantees of futureperformance. All of the forward-looking statementsmade in this presentation are qualified by thesecautionary statements. We disclaim any intention orobligation to update or revise any forward-lookingstatements whether as a result of new information,future events or otherwise, except to the extentrequired by applicable laws.

DLTA | TSX-V

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DisclaimerCorporate Presentation August 2019

DELTA RESOURCES LIMITED

Δ Excellent capital structure with ~29M shares issued.

Δ Excellent opportunity to buy-in on the ground-floor of an

emerging mineral exploration company.

Δ Experienced and Highly Technical Management and Board of

Directors with extensive expertise and a proven track record of

economic discoveries leading to shareholder value.

Δ Exploring the mining-friendly and politically safe jurisdictions

of Canada where excellent potential for discoveries remain.

Δ Focus on Gold and Base Metals deposits with size potential.

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Why Delta Resources?Corporate Presentation January 2020

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SHARE CAPITALIZATION: (Jan. 2020)

Shares Issued: 29,049,338

Warrants Outstanding ($0.12): 3,620,000

Warrants Outstanding ($0.30): 5,537,500

Stock Opt. Outstanding (avg. $0.24): 1,815,000

Fully Diluted Share Capital: 37,021,838

DELTA RESOURCES 1-YEAR SHARE PRICE PERFORMANCE

DLTA | TSX-V

Share StructureCorporate Presentation January 2020

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Price

$Cad

0.10

0.15

0.25

0.20

Sep 2019July 2019Feb 2019 May 2019 Jan 2020Nov 2019

0.05

Nathalie Laurin

CFO+25 years experience in administration, project management and accounting in the natural

resources sector. Handling book-keeping, audit file preparation, management of legal,

regulatory and administrative matters for many public companies.

Michel Chapdelaine, P.Geo.

VP Exploration and COOB.Eng., M.Sc., +25 years experience in international exploration and drilling.

Senior Supervising Geologist at Virginia Gold Mines, Director at FTE Drilling – VP Exploration

& Director at X-Terra Resources. Participated in the discoveries and/or delineation of the

Eleonore Gold Deposit – Coulon (Zn, Cu, Ag) – Gayot (Ni, Cu, PGE).


André C. Tessier, P.Eng., P.Geo.

President, CEO and DirectorB.Eng., M.Sc., +30 years experience in international exploration. Long term consultant

for Cominco Ltd, Barrick, Teck, HudBay Minerals, Cogema – President, CEO and Director

of Murgor Resources Inc. 2003-2015.

Frank Candido

ChairmanB.A., +25 years financial consultant, specializing in the financing of private and public

early-stage and micro-cap companies. Managing partner and founder at Direct Financial

Strategies and Communications.

Roy Millington, BLC, LLB

Independent Director+30 years experience in corporate, compliance, commercial, human resources and

project-oriented legal work. Chief Corporate Counsel at Alcan & Rio-Tinto.

DLTA | TSX-V

Board of Directors & Management Corporate Presentation January 2020

Dr Kevin B. Heather,

Independent DirectorB.Sc (Hons), M.Sc., Ph.D., +35 years experience in international exploration. – OGS, GSC,

Barrick, founding VP geology at Antares Minerals and currently founding Chief Geological

Officer at Regulus Resources Inc.

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Δ Potential for size based on:

δ Size and intensity of alteration zones.

δ Evidences of long-lived active processes.

δ Presence of a mineralizing “engine”.

Δ Complexity of geology.

Δ Property needs to be under-explored

or poorly explored.

Δ Property to cover a large area.

Δ Affordability.

Δ In Canada.

DLTA | TSX-V

Criteria for Property SelectionCorporate Presentation January 2020

Delta-1

Delta-2

Bellechasse-Timmins

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Delta Properties


Property Location

Δ Located 50 km NW of Thunder Bay,

straddling the Trans-Canada highway.

Δ 245 claims | 4,495 ha | ~45 square km

Delta 100% ownership.

Δ Acquired October 3rd, 2019.

DELTA-1 PROPERTY

0 255 2010 15kilometres

SCALE

DELTA-1 PROPERTYThunder bay Mining District, Ontario, CANADA

N

Lake Superior

Thunder Bay

Shebandowan

0 51 42 3kilometres

SCALE

N

DELTA-1 PROPERTYThunder bay Mining District, Ontario, CANADA

DELTA-1 PROPERTY

Patented Claims (excluded from property)

DLTA | TSX-V

Properties: DELTA-1Corporate Presentation January 2020

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Delta-1

Delta-2


Why we think Delta-1 is HOT!

Δ Located in the Shebandowan Greenstone Belt.

Δ Covering 17km of the Shebandowan Shear Zone.

Δ All the ingredients for a large Gold deposit:

δ Intersection of major gold-bearing structural zones,

δ Presence of ultramafic intrusions,

δ Presence of Temiskaming-Type sediments,

δ Presence of a very large and intense alteration zone,

δ Very complex geology and

δ Presence of large gold deposits in the area

(endowment).

DLTA | TSX-V


SCALE

DELTA-1 PROPERTYRegional Geology

N

Thunder Bay

Shebandowan

Kewanawan Proterozoic Belt 1.1-1.2Ga

Opawica Gneissic Belt

Pre-Orogenic Granitoids 2750-2695Ma

Massive Granodiorite to Granite

Diorite-Monzonite-Tonalite

Coarse Clastic Sediments (Temiskaming-type 2690-2685 Ma)

Meta-Sediments (Wacke, siltstone-mudstones)

Mafic-Ultramafic Volcanics

Mafic-Ultramafic Intrusives (gabbro-anorthosite)

Felsic to Intermediate Volcanics

Mafic to Intermediate Volcanics

Shear Zone ~2700 Ma

Shear Zone ~2690 Ma

Shear Zone ~2685 Ma

LEGEND

DELTA-1 PROPERTY

2) Moss Lake: 40MT @ 1.1 g/t Au Indicated50MT @ 1.1 g/t Au Inferred

4) East Coldstream: 763,000 oz Au @ 0.78 g/T

3) Coldstream: (1906-67) 103M lb Cu

1) Inco Mine: (1972-98) 9.29MT @ 1.75% Ni, 0.88% Cu, 1.83 g/t PGE

6) Pistol Lake: 72,000 oz @ 2.62 g/t Au

7) Bandore #4: 96,000 oz Au @ 4.83 g/t Au

5) Vanguard: 300,000 T @1.5% Cu, 2.5% Zn, 5.0 g/t Au

8) Bandore Main: 156,000 oz Au @ 6.86 g/t Au

DEPOSITS

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5

68

7


SCALE


N

Thunder Bay

Shebandowan












Shear Zone ~2700 Ma

Shear Zone ~2690 Ma

Shear Zone ~2685 Ma

LEGEND

DELTA-1 PROPERTY









DEPOSITS

14

5

68

7









DEPOSITS

Moss Lake: 40Mt @ 1.1 g/t Au Indicated50Mt @ 1.1 g/t Au Inferred


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0 51 42 3kilometres

SCALE

DELTA-1 PROPERTYProperty Geology


DELTA-1 PROPERTY OUTLINE

Bylund

Gold Cache

Kaspar

Matawin

South

Creek

Wedge

Eureka NEW DISCOVERY

Trench 7: 1.33 g/t Au over 24.5 m in channel.Trench 10: 40.0 g/t Au in grab.Main Zone: Au in syenite intrusion.Trench 14: Grab samples of up to 33.0 g/t AuTrench 12: Grab samples up to 5.0 g/t Au

1.694 g/t Au over 5.7 m in DDH



Historical Work

Δ The property has been poorly explored

δ Total of 42 drill holes with 25 drilled prior to 1981

and 20 drilled on Cu-Ni targets (1956-69)

δ The property has been “dormant” since 2003

Δ The Eureka Gold Discovery of 2018 is new

and has never been drilled over a strike

length of 1.5 km.

DLTA | TSX-V



SCALE


N

Thunder Bay

Shebandowan












Shear Zone ~2700 Ma

Shear Zone ~2690 Ma

Shear Zone ~2685 Ma

LEGEND

DELTA-1 PROPERTY









DEPOSITS

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5

68

7

N

Creek: v. high Fe-Carb alt. up to 11.4 g/t Au grab

Wedge: up to 14.5 g/t Au grab in ak UM

Kaspar: Brecciated Su-Mt-Fe.Fm

South: up to 8.5 g/t Au grab in 1940 (qtz stringers, dism py-apy)

Matawin: Su-Fe.Fm & Chert-Bx. ~2.00 g/t Au over 8m

Bylund: 0.32 g/t Au over 102.6 m (in 125m wide Ak zone disp py-apy)

Gold Cache: 1.8 to 15.4 g/t Au in trenches

GOLD OCCURRENCES DRILL HOLES

Edger 1956: 1 ddh for 61m testing a Ni-Cu target.

Inco 1966-69: 12 ddhs for 2,178.4m testing Ni-Cu targets.

Falconbridge 1962: 1 ddhfor 198.6m testinga Ni-Cu target.

3 Brothers 1956: 5 ddhs total 1,098.1m testing Ni-Cu targets

Lynx 1981: 5 ddhs for 442.9m testing Matawinoccurrence

RJK 2003: 17 ddhs for 2,690.4m testing Au-VMS

Getty 1972: 1 ddh for 151.6m, testing a VMS target

TOTAL: 42 DDHs for a total 6,813 m.

0 51 42 3kilometres

SCALE

9



Eureka Discovery

Δ Discovered on Soil Geochemical anomalies.

Δ Trenching in the summer 2018 and 2019.

Δ Never drilled over a strike length of 1.5 km.

DLTA | TSX-V


N0 51 42 3

kilometres

SCALE

EUREKA DISCOVERY 2018 TRENCHING(never drilled)

Looking East

Looking North

2.2 g/t Au // 10m

13.8 g/t Au // 5m

1.6 g/t Au // 12m

1.3 g/t Au // 12m

0.4 g/t Au // 157m

16m not sampledOverburden too deep

N

0 51 42 3kilometres

SCALE

metres10 20 4030 50

Looking East

Looking North

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Targets

Δ The Eureka Gold Discovery is drill-ready.

Δ Soil Geochemistry has already defined

additional targets:

δ Parallel anomaly north of Eureka

δ Anomalies West and northwest of Kaspar.

δ Numerous intersections between NE-trending

structures and the NW-trending Shebandowan

shear zone as defined by geophysics.

DLTA | TSX-V


0 51 42 3kilometres

SCALE

DELTA-1 PROPERTYProperty Geology

N









Shear Zone ~2700 Ma

Shear Zone ~2690 Ma

Shear Zone ~2685 Ma

LEGEND


Bylund

Matawin

Eureka NEW DISCOVERY

~3 km

Kaspar

11

~1.5km

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DLTA | TSX-V


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N

DELTA-2 PROPERTYChibougamau and Chapais Mining District, Quebec, CANADA

Historic production from the Doré Lake and Chibougamau Lake sectors total:47.5Mt at 1.72% Cu, 2.30 g/t Au, for 1.6 bill ion pounds of Cu and 3.2 mill ion ounces Au

The Chapais mining camp has produced:24.2Mt at 2.24% Cu, 1.13 g/t Au for 1.1 bill ion pounds of Cu,

0.8 mill ion ounces Au and 8.2 mill ion ounces Ag.

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0 51 42 3kilometres

SCALE


Total of 226 ClaimsTotal of 11 Claims on request

GRAND TOTAL OF 237 CLAIMS

NTS Sheet 32/G-09

N~20 km to Chibougamau

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N

DELTA-2 PROPERTYChibougamau and Chapais Mining District, Quebec, CANADA

Historic production from the Doré Lake and Chibougamau Lake sectors total:47.5Mt at 1.72% Cu, 2.30 g/t Au, for 1.6 bill ion pounds of Cu and 3.2 mill ion ounces Au

The Chapais mining camp has produced:24.2Mt at 2.24% Cu, 1.13 g/t Au for 1.1 bill ion pounds of Cu,

0.8 mill ion ounces Au and 8.2 mill ion ounces Ag.

Property Location

Δ Located 35 km SE of Chibougamau,

crossed by highway 167.

Δ 237 claims | 12,650 ha |~126 square km

Delta 100% ownership.

Δ Acquired October 16th, 2019.HWY 167

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Delta-1

Delta-2



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R-14Chevrier S.

East Showing

Delinel

Guillaume-Cartier

N

Gabbroic Dikes

OCCURRENCES & PROSPECTS

Occurrences

Prospects

- LEGEND -

0 51 42 3kilometres

SCALE

La Dauversière Pluton2718 Ma

Syn-Tectonic Boisvert Pluton

2697 Ma

Obatogamau Fm

Bruneau Fm

Blondeau Fm

Waconichi Fm

DELTA-2 PROPERTYCAOPATINA-DESMARAISVILLE GREENSTONE SEGMENT

Abitibi Greenstone Belt, Chibougamau-Chapais Area

Lemoine Mine (1975-1983) 757 585 t @ 9.52% Zn, 4.18% Cu, 4.56 g/t Au and 82.26 g/t Ag

Chevrier Zone 43-101 Resource 10.8Mt @ 1.22 g/t Indicated and 6.3Mt @ 1.27 g/t Au Inferred

Alteration Zone



R-14 Prospect

Delinel & Guillaume-Cartier

Why we think Delta-2 is HOT!!

Δ Two volcanic cycles from mafic to felsic at

the property.

δ The contact between these cycles is prospective

for VMS mineralization.

Δ Major structural zones trending EW and NE.

Δ Syn-volcanic intrusion as engine to

mineralizing processes.

Δ Very large alteration zones defined by

Consorem in 2012.

Δ Various types of deposits in the area:

δ Magmatic-hydrothermal gold deposits such as

Chevrier and R-14.

δ Volcanogenic Massive Sulphide Deposits such as

Lemoine, Delinel and Guillaume-Cartier.

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Chibougamau Mining District - Analogy

Δ Magmatic-Hydrothermal Au-Cu mineralization.

Δ Associated with Syn-Volcanic Chibougamau

Pluton (2718 Ma).

Δ Emplaced in NW- and NE-trending structures

radiating from the Chibougamau Pluton and

contemporaneous with its emplacement.

Δ Mineralized structures also host dykes that are

genetically related with the Chibougamau Pluton.

Δ Sitting on the northern limb of a regional ENE-

trending anticline.

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Chibougamau Cu-Au Mining District, Quebec, CANADA

Historic production:47.5Mt at 1.72% Cu, 2.30 g/t Au, for 1.6 billion pounds of Cu and 3.2 M oz Au

0 51 42 3kilometres

SCALE

Bruneau

S-3

Cu Rand

JaculetCu Cliff

Cedar Bay

Qc C. Goldfields

Kokko Creek

CampbellMerrill

Chib-Kayrand

Grandroy

Portage

Henderson I

Henderson II

Obalski

Chibougamau Pluton

2718 Ma

Chibougamau PlutonLac Doré Complex

Lac Doré Complex

2728 Ma

Volcano-Sedimentary Sequence



N

Chlorite-Sericite Schist

Syn-Plutonic Structure

COPPER-GOLD DEPOSITS

< 1M tonnes

1-5M tonnes

>5M tonnes

- LEGEND -

N

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Chibougamau Mining District - Analogy

Δ Magmatic-Hydrothermal Au mineralization.

Δ Associated with Syn-Volcanic La Dauversiere

Pluton (similar age as the Chibougamau Pluton).

Δ NW- and NE-trending structures radiating from

the La Dauversiere Pluton can be interpreted

from geophysics.

Δ Mineralized structures host dykes that are

genetically related with the La Dauversiere

Pluton.

Δ Sitting on the northern limb of a regional ENE-

trending anticline.

0 51 42 3kilometres

SCALE

N

DELTA-2 PROPERTYVertical Gradient Magnetic Map


Chevrier S

R14

Chevrier

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DLTA | TSX-V


R-14 Mineralization – Gold Potential

Δ Magmatic-Hydrothermal Gold mineralization.

Δ Emplaced in early structures that have been

reoriented by regional deformation.

Δ Mineralization is associated with a dyke

swarm that is genetically associated with the

La Dauversiere Pluton.

Δ Structures hosting the dykes were very long-

lived showing many generations of dykes and

at least two generations of gold-bearing

quartz veins.

Δ Sitting within a large (2.5 x 1.5 km) and

discordant alteration halo potentially

originating from the La Dauversiere Pluton

Dyke cross-cutting an early gold-

quartz vein

Two generations of dykes within the

same structure.

Two generations of dykes within the same

structure, both crosscut by a late gold-quartz

vein.

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Volcanogenic Massive Sulphide Potential

Δ Contact between Volcanic Cycles II and III.

Δ Early structures to channel fluids.

Δ Syn-volcanic La Dauversiere Pluton to

provide heat and generate mineralized fluids.

Δ Discordant alteration zones.

Δ Existing VMS mineralization in the area,

associated with this contact such as the

Delinel, Guillaume-Cartier prospects and

the past producing Lemoine Mine.

Photos of three outcrops showing intense garnet alteration of mafic rocks at the Delta-2 property. This alteration

may be associated with volcanogenic massive sulphide processes. This new alteration zone was observed over an

200x400m so far.

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DLTA | TSX-V


Targets

Δ Magmatic-hydrothermal gold deposits

associated with the emplacement of the

La Dauversiere Pluton (in red).

Δ VMS deposits associated with the contact

of two volcanic cycles (in black), and

Δ Late lode-gold deposits associated with

large EW-trending structures (in white).

R-14Chevrier S.

East Showing

Delinel

Guillaume-Cartier

N

Gabbroic Dikes

OCCURRENCES & PROSPECTS

Occurrences

Prospects

- LEGEND -

0 51 42 3kilometres

SCALE


Syn-Tectonic Boisvert Pluton

2697 Ma

Obatogamau Fm

Bruneau Fm

Blondeau Fm

Waconichi Fm

DELTA-2 PROPERTYCAOPATINA-DESMARAISVILLE GREENSTONE SEGMENT

Abitibi Greenstone Belt, Chibougamau-Chapais Area



Alteration Zone

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The Bellechasse-Timmins Property Highlights

Δ 157 claims | 5677 ha | Delta 100% ownership

Δ Potential for both lode-gold and VMS base metal deposits.

Δ Property covers 15 km of prospective structure and

stratigraphy for lode-gold and VMS deposits

Δ Two Deposits on the property:

δ Bellechasse-Timmins Gold (NI 43-101 Resource):

171,000 oz gold at 1.83 g/t Indicated

95,000 oz gold at 1.36 g/t inferred

δ Champagne Au-Ag-Zn-Cu-Pb (Historical Non-43-101 compliant Resource):

250,000 tonnes @ 4.0 g/t Au, 19.7 g/t Ag, 2.7% Zn, 0.4% Cu and 0.45% Pb

DLTA | TSX-V

Properties: Bellechasse-TimminsCorporate Presentation January 2020

Upper T2

Upper T1

Lower T2

Z88 east

Lower T1

Ascot Zone

A

B

Upper T2

Upper T1

Lower T2

Z88 east

Lower T1

Ascot Zone

A

B

Bellechasse-Timmins Property Outline

Delta 100%

-LEGEND-

Bellechasse-Timmins Gold Deposit2.9MT @ 1.83 g/t Au Indicated2.2MT @ 1.36 g/t Au Inferred

Montreal

Quebec City

Champagne Cu-Pb-Zn Deposit

0 51 42 3kilometres

SCALE

N

Deposit projected to surface

N

3D view of B-T deposit

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Bellechasse-Timmins


DELTA RESOURCES 2020 OBJECTIVES

Δ Delta will continue to look for opportunities to continue to

build a strong portfolio of mineral exploration properties in

Canada.

Δ Complete high-resolution geophysical surveys at both Delta-1

and Delta-2 in the winter to be ready for field work in the

spring of 2020.

Δ Summer field crews deployed at Delta-1 and Delta-2 for

detailed geological mapping, sampling and follow up of

geophysical targets. Define drill targets.

Δ Drilling program at Delta-1 & delta-2.

Δ Make a decision on the long-term potential of its 100% owned

Bellechasse-Timmins gold deposit and property in SE Quebec.

DLTA | TSX-V

Near-Term ObjectivesCorporate Presentation January 2020

Delta-1

B-TDelta-2

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ContactCorporate Presentation January 2020

DLTA | TSX-V

Leaving no stone unturned in Canada’s mining-friendly jurisdictions

www.deltaresources.ca

1718 Christine Cr,

Kingston, On, CANADA, K7L 4V4

Tel: 613-328-1581

Contacts:

André C. Tessier, President & CEO

[email protected]

Frank Candido, Chairman

[email protected]

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corporate presentation january 2020 - delta resources · disclaimer corporate presentation august...

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