01:22 PM EDT, 04/09/2024 (MT Newswires) -- Delta Resources ( DTARF ) shares were last see down 14% after the company on Tuesday released assay results for six drill holes, and one drill hole extension, from its ongoing 2024 drill campaign at its Delta-1 Gold project near Thunder Bay, Ontario.

Among the highlights, the company said drill Hole D1-24-96 intersected 1.64 grams per ton of gold over 29.5 meters, Including 7.46 grams per ton of gold over 3.5 meters; drill Hole D1-24-95 intersected 1.42 grams per ton of gold over 24.1 meters and 1.68 grams per ton of gold over 9 meters; and drill Hole D1-24-93 intersected 3.71 grams per ton of gold over 3.2 meters.

Additionally, drill Hole D1-24-94 intersected 0.64 grams per ton over gold 43 meters; and drill Hole D1-24-17ext intersected 1.18 grams per ton of gold over 12 meters, the company said.

"The gold zones continue to show widths, continuity, and homogeneity near surface, adding to the potential for an open-pit operation; while higher grade intercepts of 7.46 g/t gold over 3.5 metres and 3.16 g/t gold over 2.2 meters suggest underground potential at depth. The drill program is still underway, and we look forward to more results shortly," chief executive Andre Tessier said in a release.

The company's shares were last seen down C$0.025 to C$0.15 on the TSX Venture Exchange.

Price: 0.15, Change: -0.02, Percent Change: -14.29