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The latest update is out from Delta Resources ( (TSE:DLTA) ).
Delta Resources reported encouraging assay results from 22 drill holes in its Fall 2025 diamond drilling campaign at the Delta-1 property, highlighted by multiple gold intercepts at the newly tested Shabaqua Target, 1.3 kilometres west of the Eureka Gold Deposit, including 4.25 g/t gold over 11.8 metres and 1.37 g/t over 10.5 metres, as well as very broad low‑grade intervals similar to Eureka-style mineralization. Step-out drilling at the Eureka South and West areas continued to expand the mineralized footprint with notable intercepts such as 1.32 g/t over 7 metres and 3.83 g/t over 3 metres, while early signs of mineralization at the more distant Wedge Target and anomalous gold in 20 of 22 holes underscore the potential for a larger, district-scale gold system that could enhance Delta’s resource base and support the company’s ambition to develop a scalable, low-cost operation near existing infrastructure.
The most recent analyst rating on (TSE:DLTA) stock is a Hold with a C$0.14 price target. To see the full list of analyst forecasts on Delta Resources stock, see the TSE:DLTA Stock Forecast page.
Spark’s Take on TSE:DLTA Stock
According to Spark, TipRanks’ AI Analyst, TSE:DLTA is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn despite low leverage), which raises funding/dilution risk. Technicals are comparatively supportive with the stock above major moving averages and moderately positive momentum, but valuation remains constrained by negative earnings and no dividend.
To see Spark’s full report on TSE:DLTA stock, click here.
More about Delta Resources
Delta Resources Limited is a Canadian mineral exploration company focused on advancing its flagship Delta-1 gold property, located roughly 50 kilometres west of Thunder Bay, Ontario, a key mining hub in Northern Ontario. The project targets a large-tonnage, low-grade gold system at the Eureka Gold Deposit and surrounding zones, with drilling aimed at expanding mineral resources along strike and identifying higher‑grade satellite targets across its sizeable land package.
Average Trading Volume: 127,154
Technical Sentiment Signal: Hold
Current Market Cap: C$21.03M
Learn more about DLTA stock on TipRanks’ Stock Analysis page.