06/03/2026
Delta Receives Second Option Payment from Troilus Mining and Showcases Delta-1 Project At ILSG Field Trip
Delta Resources Limited is pleased to announce that it has received the 2nd payment on its option of its Chibougamau, Quebec Delta-2 property package to Troilus Mining. Delta has received the second option payment consisting of 378,788 common shares of Troilus Mining, representing an approximate value of $796,500 at yesterday's closing price.
Highlights include:
- Up to C$8.25 million in staged cash and/or share payments over three years
- Initial C$1.0 million payment received as at closing
- Non-dilutive funding expected to support advancement of the Delta-1 Gold Project
- 1.0% Net Smelter Return royalty retained, with long-term exposure to exploration success
- Troilus to fund all exploration and claims maintenance during the option period
Strong Academic & Industry Interest Highlighted by ILSG Field Visit
The growing interest in the Delta-1 Gold Project was recently highlighted as part of a 'Shebandowan Gold' field trip organized as part of the annual Institute on Lake Superior Geology meeting. The Company hosted 28 geologists and prospectors for a technical field visit that included two separate stops on the Property
Ron Kopas, Executive Officer of Delta, commented:
"The second payment from Troilus provides us significant non-dilutive hard cash further strengthening our balance sheet and allows us to think not just about our 2026 plans but look into 2027.
The extraordinary interest from the ILSG field trip validates our belief that Shebandowan is now "on the map" and this will no doubt continue with our highly prospective 2026 work program. 2026 will be an exciting year for Delta".
๐TSX-V: DLTA | OTCBB: DTARF | Frankfurt: 6G01๐
Visit today's news release for more information: https://www.deltaresources.ca/news/delta-receives-second-option-payment-from-troilus-mining-and-showcases-delta-1-project-at-ilsg-field-trip/