MONTREAL, Dec. 20, 2006 (PRIME NEWSWIRE) -- East Delta Resources Corp. (OTCBB:EDLT) (Frankfurt:EJK) announced today that a drilling program has commenced at its 70% owned Bake (pronounced bah-kuh) gold property in China. The comprehensive drilling program is being conducted to assess the metallurgical grades of several highly prospective zones identified to date, and to further map out the property's resource values. The Bake property covers an area of approximately 85 km(2) and is located within the Hunan-Guizhou gold belt in Guizhou Province, Southwest China. The Hunan-Guizhou gold belt has been well established as a prolific gold producing region with several operating mines located both within, as well as proximal to East Delta's property perimeter. Bake presently has extensive surface survey over most of the exploration license area, and several old mine workings have been cleaned.
East Delta, through its Chinese subsidiary Guizhou Amingo Resources (Amingo), has contracted the 407 Henan Geological Brigade to complete 1,500 meters of diamond drilling in six holes. The first hole, ZK1, is situated on the axis of the anticline, and will be drilled vertically to a total depth (TD) of 500 meters in order to investigate the previously untested lower strata (below sea-level) of the region. Drilling of ZK1 commenced on December 17, and the first mineralized quartz vein was encountered approximately 16 meters below the hole collar. Core holes ZK2 through ZK6 will be drilled to 200 meters in depth, and will explore the strata known to contain gold-bearing mineralization in the existing underground workings.
Based on results from this drill program, East Delta plans to further expand subsurface resource assay values with additional exploratory drilling to be announced as commenced throughout 2007. East Delta estimates that this initial drill program will be completed during January 2007 and assay results will be disseminated as soon as received and validated.
Mr. Victor Sun, CEO of East Delta stated: "This is a significant milestone for East Delta and, based on the geo-chemical work and historical mining data previously completed at Bake, we are highly confident in the property's significant value potential. The drill program we have commenced marks the first important step towards confirming the earlier work and converting known data into lab results, which we plan to incorporate into a baseline National Instrument 43-101 report on the property. As they become available, we look forward to sharing these drill results with our valued shareholders as well as the rest of the investment community."
The Company
East Delta Resources Corp. is a publicly traded Delaware corporation, headquartered in Montreal, Quebec whose primary activity is in mine development and production of gold and through various subsidiaries also participates in other mineral exploration and mining, specifically, silver, nickel, zinc and lead.
The geographic focus of the Companies is China. With funding for current needs in place, majority interest in several highly-prospective properties, experienced personnel, and an extensive network of contacts in China, the Companies are on-track in implementing their business plans and objectives.
Safe Harbor
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.