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Delta Resources ( (TSE:DLTA) ) has issued an announcement.
Delta Resources Limited has commenced Phase II of its 2025 drilling program at the Delta-1 Property, aiming to expand the Eureka Gold Discovery by testing priority satellite targets. The program includes drilling a minimum of 13 holes totaling over 3,100 metres, with the goal of defining additional higher-grade, near-surface ounces along strike and immediately south from Eureka. Concurrently, Delta is conducting a regional till sampling program to expand geochemical coverage into the western portion of the Delta-1 land position, targeting new drill sites for future exploration. The company’s efforts are focused on maximizing field efficiency and advancing the economic potential of its flagship discovery.
Spark’s Take on TSE:DLTA Stock
According to Spark, TipRanks’ AI Analyst, TSE:DLTA is a Underperform.
Delta Resources has a challenging financial situation characterized by zero revenue, ongoing losses, and dependence on external funding. Technical analysis indicates a bearish trend, and the valuation is unattractive due to a negative P/E ratio. Overall, the stock faces significant risks with limited upside potential in the current environment.
To see Spark’s full report on TSE:DLTA stock, click here.
More about Delta Resources
Delta Resources is a Canadian mineral exploration and project development company focused on its Delta-1 project in Ontario. The company has discovered a large, near-surface gold deposit located 50 kilometres west of Thunder Bay, directly adjacent to the Trans-Canada Highway. The Eureka Gold Deposit extends 2.5 km in strike length, from surface to over 300 metres in depth, with mineralization observed up to 600 metres vertical depth and remaining open in all directions. The property covers 297 square kilometres and includes multiple corridors of intense alteration and deformation.
Average Trading Volume: 171,022
Technical Sentiment Signal: Buy
Current Market Cap: C$22.88M
Find detailed analytics on DLTA stock on TipRanks’ Stock Analysis page.