 Hi, how's everyone doing today? This is Rich here on behalf of RichDB Live with our very special guest, Andre Tessier, the CEO of Delta Resources. How you doing today, Andre? Good, how are you? Well, thanks, Rich, and yourself. I'm doing fantastic. Thank you for joining us. Congratulations on some of the success on Delta Resources. The stock's been doing well. Prices of gold are going up. Minerals and mining company stocks typically right now are going up. So congratulations on your success. Well, thank you. We're very optimistic. Absolutely. And I'm very excited about your company. You guys have like almost no debt. You guys have a tight share structure. You guys are in the right sector right now. How long have you been in this business with Delta Resources? How long has the company been around? Well, the company took over from another company called the Golden Hope Mines that had been inactive since about 2012. They had just done a rollback, so we had nice light share structure. We brought in new management. We brought in new board members. And from then it was time to acquire some really good properties, and we were extremely lucky in finding two real gems. And what exactly does Delta Resources do? We're a mineral exploration company. And so we've acquired some fairly grassroots properties with very high potential that we've acquired based on very strict criteria, and we're exploring them right now. Very good. How large is the property package in Quebec? Oh, my God. The land package in Quebec is huge. It's about 156 square kilometers right now, and in fact it's probably one of the largest one in the Chabugamo camp right now. We started with about 126 square kilometers, and since then have added another 30 square kilometers to the package because we're getting encouragements in the area. So we've consolidated everything, and it looks really good. Why is the Chabugamo, Quebec, an important area for exploration? Well, Chabugamo is, well, first of all, it's an old mining camp, so there's been a lot of mining in the area. There's a lot of people who know mining. Quebec is a very friendly jurisdiction, as you know. But more than that, Chabugamo is going through a bit of a renaissance right now. We've got companies like Troilus Gold that are dealing with a five and a half million ounce deposit just north of Chabugamo. We've got a company like I Am Gold with their Monster Lake project. Monster Lake has nearly half a million ounces of very high grade gold. Then they've got the Nelligan project as well, I Am Gold, which is a 3.2 million ounce deposit. We've got the Genesis exploration, which is right next door to us, and they're working on their Chabugier Gold deposit, which right now sits at about 680,000 ounces of gold. Just recently too, Dory Copper acquired the Joe Mann mine located about 15 kilometers south of us, and that's an old producer that produced way over a million ounce gold. So there's a lot of activity in the area, and I should say that, except for Troilus, all of these deposits occur around a Pluton, the Ladoversiaire and the Verneuil Pluton. We own the large package just north of that Pluton, so it's good ground. Absolutely. Surrounded by some serious players, I like that, with huge, huge, huge ounces. How far does each dollar spent in Quebec for exploration go compared to other jurisdictions around the world? Well, Rich, Quebec is well known for its mining friendly policies. To give you an example for us, we are considered by the Quebec government as being explorers in the mid-north area. In our area, for every dollar that we spend, we get 28% back in incentives. What that means is if you include the taxes, that's 41% that's coming back to us. So when you spend a million dollars and you get $410,000 back, so this is a huge incentive. Wow, that's a huge incentive. That's incredible. I didn't know that. Yeah. Now, and if you go even further north, the incentives are even greater, but of course it's more expensive to explore. Wow. Okay. That's great. Now, you've announced the sale of one of your properties for $1.7 million in cash. I love this deal. And you received your first 100k. I did a video on that explaining the news, which I think is great. With the other payments scheduled over the next 15 months, why is this significant for your exploration project? And based on the Quebec tax structure for exploration, how much is this really worth to you in terms of potential dollars? Well, again, the Quebec jurisdiction is a really great one to explore. And you are correct. We received our first $100,000 payment, $250,000 will be owed in October, and then from then on until September of 2021, we'll get $1.7 million. If we were to spend all of that on our exploration property at Delta II, the $1.7 million, if we can do the math, turns out to be about $2.4 million. And of course, that's non-dilutive. So it's huge for us. Oh, yeah, absolutely. What makes the Delta II project so exciting? Where do I start? It's a great land position, like we stated earlier. It's a great land position, a very active exploration around old mines, like the old Lemoine mine that's just adjacent to our property, the Joe Mann past producer over a million ounce that's just south of our property. Joe Mann was interesting because it's 1.1 million ounces of 8.8 grams per tonne gold, but also mixed in with silver and copper. So it's the type of target that we're looking for at Delta II. The other exciting thing at Delta II is that with all this activity and with these old deposits surrounding us, there's actually two types of deposit that we're exploring for. We're exploring for VMS polymetallic deposits and gold-rich magnetic hydrothermal deposits. So that makes the property pretty exciting. How is it that you have those two distinct types of targets on the same property, gold and VMS, gold, silver, copper, and zinc? How was they able to do that? Well, these deposits form in two different environments, right? The VMS or Volcanogenic Massive Sulfide Polymetallic Deposits, they form at mid-ocean ridges, so at the base of the ocean. Of course, there's no more ocean in the Shabugamo area, but the rock record is telling us that. And the Lemoine deposit is one of those deposits. Lemoine was less than about three-quarter million ton deposit of very high-grade material. So in addition to this, these deposits usually form on a particular stratigraphic horizon. And right now, Delta has about 17 kilometers of strike length of that favorable horizon. So that's one environment. Now, the other type of environment that we're looking at is the Magnetic Hydrothermal Gold deposit. Those deposits form, they're associated with plutonic activity. In our case, it's the La Doversière Pluton, that's for which we have the contact. And basically, when these plutons are in place, they shoot out these dikes into these structures and they also shoot out this mineralization. So there are two very distinct types of deposits. And in our particular case, we have both types on the property. Our 14, for example, is a good gold prospect that is of that Magnetic Hydrothermal Gold. Fantastic. Now, how close were you to the past producing and super-rich Lemoine mine? What were the average grades? Oh, geez. Lemoine was a real jewelry box. In fact, I think to this day, it's probably one of the richest deposits in Canada. It was relatively small, with about 3.25 million tons, 750,000 tons of mineralization, but it graded 9.4% zinc, 4.2% copper, 4.5 grams per tonne gold, and about 90 grams per tonne silver. So like I said, it was a real little jewelry box. It's located about 1.8 kilometers north of our property. But again, a stratigraphic horizon on which Lemoine is sitting extends to our property for over 17 kilometers of struggling. Wow. Is it true that the VMS type deposits like the Lemoine mine always happen in clusters? And what is the likelihood that you can find others like it? I see you've done your homework. It is true. The great majority of VMS, volcanic energetic mass of sulphide deposits, because of the way they form, they typically form in clusters. And there's examples of that everywhere. In Canada, for example, there's the Miranda district. There's the Metogamy district, both of them in Quebec. In New Brunswick, you've got the Bathurst district. In Manitoba, you've got Flinflon and Snow Lake districts. All of these, and that's why they call them camps, they're mining camps because there's more than one of these deposits. So when you get a deposit like Lemoine, which is sort of a lone deposit sitting there by itself, it's pretty suspect. Now, not only, you know, we can add to this the fact that the classical distribution of size of these deposits in each individual camp is such that you typically have a giant ore deposit, like, you know, they're typically over 60 million tons of mineralization. The Horn mine and the Flinflon mine in Canada are two good examples of that. But then you get a great number of intermediate-sized deposits, you know, varying between five and 25 million tons of mineralization. And then you usually get a number of these smaller deposits, you know, in the million ton range. Now if we take that into account, we can see that Lemoine is laying at the bottom end of that spectrum, which would suggest that the larger deposits are yet to be found. So that's what we're looking for, and that's what we're targeting. That would be huge. That sounds so exciting. Now I understand that you are completing phase two of your exploration campaign. When will you have results to show the market based on this work? And are you excited about the potential results? We're always excited about potential results. When you get results, geochemical results, most geologists will tell you it's like Christmas morning. But we expect those results, we're not completely done with our mechanical trenching so far. We are done at the snowfall gold occurrence, where past expiration yielded up to 11 grams per ton of gold. So we've done the mechanical trenching there. We've done our channel sampling, and those results should be in within a month. That's what the lab promises anyway. The rest of the assays, because we're still trenching on some of these targets, the results will just flow as we receive them. Very good. And when will you be drill ready? And how many targets do you anticipate drilling? Technically, we are drill ready because some of these targets, we've tried to go take a look at, and in some cases the overburden is just too deep, so they basically become drill targets. That said, we're in the process of prioritizing these drill targets, and once we have a priority list we'll start drilling them. But I would assume that we should be ready by September to start drilling some of these targets if drills are available at the time. This drill program should extend all the way to the winter 2021 because a lot of these targets need to be drilled in winter. So what I'd like to do to start is at least drill a minimum of 10 targets from our volcanic mass of sulphide targets. We have right now a bit over 30, and then we also want to test our gold targets in the southern part of the property. So I'd say we're probably looking to start at about a 5,000 meter drill program. Wow. And what are the chances that you find multiple deposits on the same property? I don't know that you can put any number on that. That said, like we discussed, these VMS deposits typically occur in clusters, and we've got the lone wolf there up there with the Lemoine deposit. Should we be lucky enough to find a new VMS deposit considering the fact that there are typically in clusters, then I would say our chances are pretty high that we will be finding a new one after that. The old saying is no better place to look for a mine than next to another mine. Yeah. That's the name of the game, right? Yeah. What everyone talks about, like my mine is right beside this mine and that mine, and they pulled up 5 million ounces and they pulled out a million ounces. I get it. I understand it. It makes so much sense, right? For us and here in our community, it's all about share structure. We really like tight floats, tight share structures, because those are the ones that explode, right? There's quite a few stocks that we've seen over the last couple years, especially miners that have just gone bonkers. I'm not going to use today to explain them all or to bring them up, but I think we know some of them, and I think I'm sure you know lots of them that have done extremely well. I believe this is an early stage opportunity. Similar to that, it has a lot of upside that can really explode. Can you explain for myself and all of our community what your share structure is, how much is being held by insiders, and what kind of skin in the game you might have as far as how many shares you're holding, and maybe institutional investors, how much maybe they're holding and what's out there on the float, and how much is available for people to buy in the open market? Well, we've got a fairly tight share structure right now. We've got 29 million shares outstanding and fully diluted. We're at about 38 million. A lot of these are warrants that vary in price between 20 cents and 30 cents. We still have a few scraglers at 12 cents, and those will expire at the end of 2021. In terms of opportunity or skin in the game, I personally own 149,000 shares, and I intend to continue investing in the company. Right now, my investment is mostly in time. That said, we truly believe in the stock. Our management in general owns about 4% of the stock, I would say. In terms of institution, we have Cdex, a Quebec institution that went into the last financing at 20 cents with an investment of $200,000. So, there's a lot of float there, and like we said earlier, we are a company that took over an older company called Golden Hope. So different investors like different companies, occasionally you'll have the Golden Hope, the old Golden Hope investor that is looking to sell their shares. So there's always opportunities in the market. If there was one thing you'd want investors to know about the company and why they should possibly invest, what would that be? I would say the biggest thing I would want investors to remember is that our priority at Delta is to bring shareholder value. We're not here to overly promote and pump the stock. We truly want to discover deposits. Our management team with Michel Chatelaine as VP of exploration, myself, Frank Candido have a good history of bringing shareholder value and discovering, making significant discoveries in the field. Our intent is to do the same thing with Delta. We are looking for a mine. Very good. And what is the best way for someone to get in contact with the company if they're interested in investing? Well, there's a couple of ways. I can always be reached directly at ATECIE at deltaresources.ca and Frank Candido, our chairman, is also available at fcandido at deltaresources.ca. I'd invite investors to take a peek at our website, which is deltaresources.ca. Fantastic. Well, I wish you all the best of luck on your future endeavors. Myself and our community will be watching very, very closely. And I wish you all the best of luck moving forward. Thanks very much, Rich. Thanks for this. Thank you for your time today. Andre Tessier, the CEO and president of Delta Resources. Have a nice day, everybody.