DEV Delta Exploration Com Npv

Delta Exploration Inc. ("Delta") (TSX VENTURE:DEV) is pleased to provide the
following update on its gold projects in Mali and uranium projects in Mali and
Niger, West Africa. Planning of significant exploration programs on Delta's
100%-owned Manalo and Koninko Gold Projects in Mali and the Telwa-Gada Uranium
Project in Niger are well advanced, while exploration continues at its 40%-owned
Falea Uranium Project operated by joint venture partner Rockgate Capital Corp
("Rockgate").


Telwa-Gada Uranium Project, Niger

Delta has received exploration permits from the Ministry of Mines and Energy,
Republic of Niger, for Telwa 2, Telwa 3, Gada 3, and Gada 4, covering 1941.2
square kilometres of the southern portion of the Tim Mersoi sedimentary basin.
As required by law, Delta has established markers around the perimeter of the
permits. These permits are located near the city of Agadez, approximately 800
kilometres northeast of Niamey, the capital of Niger. The area is accessible by
paved road and charter aircraft.


Delta has enlisted Terraquest Ltd. to fly a high resolution aeromagnetic,
gradiometric, radiometric, and XDS/VLF-EM Survey over the Telwa-Gada project
area. The survey is scheduled to begin in November.


The Republic of Niger is the fourth largest uranium producer in world. The Tim
Mersoi basin hosts numerous roll front type, sandstone-hosted uranium deposits.
Niger is a French-speaking, stable, and democratic country with a modern mining
code, recently updated.


Manalo Gold Project, Mali

The Manalo Project comprises the Manalo and Balandougou permits totalling 225
square kilometres, located 100 kilometres southwest of Bamako, the capital city
of Mali. Delta completed an airborne geophysical survey, soil geochemical
sampling, and regolith mapping over the project area between April and June of
this year, outlining a number of high priority targets.


Soil geochemistry identified 5 distinct targets: Sirabada-Bankole, Dialafara,
Manalo Nord Est, Manalo Sud Est, and Mansaya. Sirabada is the highest priority
target where two grab samples of quartz vein material in greywacke collected
from artisanal mine dumps assayed 32.76 g/t Au and 3.64 g/t Au. A quartz-rich
grab sample from artisanal workings at Dialafara assayed 29.7 g/t Au. At the
Manalo Nord Est zone, aircore drilling completed by Delta in 2006, intersected
18.48 g/t Au over 11.0 metres under abandoned artisanal workings.


Planned exploration includes infill soil geochemical sampling and regolith
mapping in and around identified target areas. Aircore drilling is contemplated
for regional targets, while RC and diamond drilling will test the high priority
targets at Sirabada, Dialafara, and Manalo Nord Est. Exploration will resume in
October after the wet season.


Koninko Gold Project, Mali

Koninko comprises two permits, Koninko and Winzan, totalling 233 square
kilometres, located 250 kilometres south of Bamako. In June, Delta completed an
airborne EM-magnetics-radiometrics survey over the project area, identifying a
number of promising targets. RC drilling completed last year had demonstrated
the presence of bedrock gold mineralization adjacent to granite - sedimentary
contacts. Highlights included 0.90 g/t Au over 18.0 metres hosted in granites
along the 4.5 kilometre long Koninko South geochemical trend, and 3.48 g/t Au
over 2.0 metres in schistose sedimentary rocks along the 15 kilometre long
Koninko North geochemical trend.


As at Manalo, planned exploration includes infill soil geochemical sampling and
regolith mapping in and around identified target areas. RC drilling is
contemplated for high priority targets on coincident geophysical and geochemical
anomalies. Field surveys are planned for November with drilling scheduled for
December or January.


Falea Uranium Project, Mali

Exploration continues at Falea under the operatorship of Rockgate. The Falea
exploration permit covers 150 square kilometres of the Falea-North
Guinea-Senegal basin (FGS), a Neoproterozoic sedimentary basin marked by
significant radiometric anomalies. Results for the initial two holes confirmed
the presence of uranium at Falea (see Delta Exploration News Release, May 16,
2007).


Between 1977 and 1981, Cogema conducted mapping and geochemistry in the Falea
area culminating in a program of 81 vertical diamond drill holes totalling
approximately 24,000 metres at 800 x 800 metre and 200 x 200 metre spacing, and
5 inclined diamond drill holes totalling 630 metres. In 1981, Cogema dropped the
Falea ground due to depressed metal prices.


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 SEDAR.COM.


If you wish to be placed on Delta Exploration's e-mail press release list,
please contact us at deltaex@telus.net.

Delta Exploration Com Npv (TSXV:DEV)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Delta Exploration Com Npv (TSXV:DEV)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024