Mining stocks have been in the news for quite a few weeks and on Monday it was Delta Resources Limited (TSXV:DLTA) (OTCPINK:GOLHF) (FRANKFURT:6G01) in focus among market watchers. The company made a major announcement on Monday with regards to one of its drilling programs and soon enough it was part of the news cycle.
Hence, it was no surprise that Delta Set was the subject of the latest video published by RICH TV yesterday. The Chief Executive Officer of the company Andre Tessier joined in the discussion and spoke about the announcement from the company about the commencement of its drilling operation.
Delta Set announced on Tuesday that the first phase of drilling at the project that is located in Chibougamau in Quebec has been completed. During this particular phase of the drilling program, the company managed to drill as many as 15 holes, and the total depth of the holes amounted to 2288 meters.
During the discussion, Tessier stated that the first phase of the drilling is focused on the gold targets at the property. This is an important revelation from the CEO considering the fact that the price of gold has been on an upswing for most of 2020. Due to the coronavirus pandemic and the rising economic uncertainties, most and more investors are buying gold in order to protect their capital.
Consequently, many gold mining companies have seen their stocks soar in recent times as well. However, after the first phase of the drilling, Delta Set is not going to rest. It is going to start drilling for the second phase straight away and it is going to continue up until December of next month. The second phase is going to be focussed on the VMS (Volcanogenic Massive Sulphide) targets at the property.
The fact that the property boasts of as many as two separate targets and that could work as a considerable advantage for Delta Set. It goes without saying that there is going to be a lot of anticipation with regards to the updates from the second phase of the drilling program. Delta Set announced that as soon as the drilling phase is completed, an update is going to be issued. Failing this, Delta Set could also issue an update when the workers take a break for the holiday season.
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