Uranium  Exploration

Delta for over the past three years has been focused on the acquisition, exploration and development of its Kenora Uranium Project. Delta owns a 100% interest in approximately 3,000 mineral claims covering approximately 29,300 hectares property, which is located in northwestern Ontario, 35 km east of the town of Kenora.

Delta also holds an additional 4,200 claims covering approximately 70,000 hectares in both the Kenora and Timmins regions of Ontario, Canada. Delta has commenced an aggressive exploration program in order to identify and explore its high value uranium properties.

In addition, Delta continues to expand its acquisition, exploration and development with its Deer Lake Uranium Property in the Deer Lake Basin, Western Newfoundland. The 85,200 hectare property covers approximately 50 percent of the Carboniferous-age Deer Lake sedimentary basin. Within the basin, there are multiple historic uranium occurrences, the great majority of which are in rocks of the Rocky Brook Formation. The Deer Lake Property includes more than 90 percent of the Rocky Brook Formation. The northern part of the property lies outside the Deer Lake basin and covers a 30 kilometre length of a major tectonic zone that transects the island, and is part of a continental-scale structural trend that plays host to uranium occurrences as far south as North Carolina.

Delta has optioned 4 projects in the Athabasca basin, Saskatchewan, designated C3, C4, C5 and C6, with an aggregate area of 1,898 hectares. All four properties are in the Wheeler River area in the southeastern part of the basin, where Athabasca sandstones overlie basement rocks of the Wollaston Domain. This is the most prolifically mineralized area of the basin. All four properties lie on a trend between the Key Lake mine (produced 195 million pounds of U3O8 between 1983 and 1997) and Cameco's McArthur River mine, which has produced approximately 130 million pounds of U3O8 since opening in 2000 and has remaining reserves of 333 million pounds.

Properties C4, C5, C6 are contiguous with Denison Mines recently announced "Phoenix Discovery". The discovery hole reported 62.60% U3O8 / 6 metres. C6 is approximately 4 km north of the Phoenix Discovery.

Delta Uranium Properties