Mining Stock Daily Drill Update from Delta Resources Phase II Program
Nov 18, 2025
Frank Candido, Chairman of Delta Resources, shares insights on the Phase II drilling program at the Delta-1 Project. He discusses the ambitious step-out strategy aimed at expanding the Eureka Gold Deposit and exploring satellite targets. Candido highlights the rigorous de-risking approach that includes geophysics and till surveys. The promising early drill results and the company's financial health for 2026 are also key points. He emphasizes the renewed investor interest in junior mining and the attractive valuation of Delta.
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Eureka Drilled Heavily, Now Big Step-Outs
- Delta's Eureka discovery (Oct 2022) has been drilled extensively with 45,000 metres and modeled for resource potential.
- Management now prioritizes large step-out drilling to test the property's scale rather than just infill for a resource.
Use Large Step-Outs To Unlock Upside
- Take strategic risks by drilling large step-outs to reveal potential district-scale continuity.
- Treat successful step-outs as new discoveries to maximize market interest and upside.
Large Property With Multiple Target Strategy
- Delta's land package spans ~300 square kilometres and management expects multiple Eureka-type deposits across it.
- They combine till surveys, geophysics and historical data to vector and prioritize targets like the I-Zone.