Delta Resources Broadens Ontario Land Holdings

Delta Resources Ltd. (TSE:DLTA) has released an update.

Delta Resources Limited has strategically expanded its land holdings by securing the rights to 113 new claim units spanning 24 square kilometers at their Delta-1 property in Thunder Bay, Ontario. The expansion comes through an agreement with Sky Gold Corp, which includes issuing shares and a cash payment to Sky, along with a commitment to future exploration expenditures and additional payments to the original vendor. The deal grants Delta the option to further increase their control by buying back part of a Net Smelter Return Royalty.

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