MONTREAL, Sept. 7, 2005 (PRIMEZONE) -- East Delta Resources Corp. (OTCBB:EDLT) is pleased to announce encouraging results obtained from recent exploration activities at its Bake Property, an 85 square kilometer property located in Jinping County in the Province of Guizhou and the Company's primary gold project in China.
For development purposes, the Company has sub-divided the site into 10 exploration zones.
The geological and soil geo-chemical exploration results are from activity at Bake Northeast, an area of approximately 2.1 square kilometers in size. A geological survey and mapping of this area has been completed, and a total of 324 soil samples were taken on this portion of the grid. These samples have now been analyzed.
The Company is utilizing soil geo-chemistry which has been a valuable exploration tool at Bake due to the near-surface nature of the mineralization in the area. This method helped lead to the discovery of many of the existing gold mines in the Jinping area. There are approximately a dozen producing gold mines in and around the Company's tenements at Bake. Data supplied to East Delta by the Chinese authorities, and which is currently being verified by the Company utilizing an independent and Certified Professional Geologist from Canada, indicate a gold resource of these mines (including parts of Bake) consisting of minimally 5.1 million tonnes grading an average 7.0 g/t Au (approximately 1.2 million oz).
Analysis of the 324 soil samples from the Bake NE sub-division leads to the following observations:
1. The survey defined two prominent anomalies in Bake NE, along the
axis of the anticline, that appear to be similar in all aspects to
those already defined in other discoveries in the Jinping area.
2. These two anomalies (BNE-1 and BNE-2) have not as yet been tested
by drilling or trenching.
3. Besides the Au content, Ag (Silver), As (Arsenic) and Sb
(Antimony) have also been identified.
Furthermore, the geological survey of the Bake NE area produced these new results:
1. 9 quartz vein outcrops have been discovered and sampled.
2. 4 of these 9 veins are associated with sulfide such as pyrite and
arsenopyrite
3. 8 of the quartz veins are parallel bedding veins.
4. Analysis of gold content from two samples taken from Quartz vein
No. 6 yielded 5.05 and 0.79 g/t. And two samples taken from Quartz
vein No. 7 showed 4.98 and 0.97 g/t.
5. A detailed geological map of 1:2000 of Bake NE has been completed.
Mr. Victor Sun, President and CEO of East Delta, stated, "Our immediate plans at Bake are to prove-up the available gold resource. While further work is required, these results, combined with several years of exploration work already done by the Chinese authorities at other sections of the site, are extremely encouraging to us and further strengthen our belief that Bake has the potential of developing into a world class gold mining operation."
Geological maps of the Bake property and Bake NE (sub-division) have been made public and are available from the Company upon written request.
The Company
East Delta Resources Corp. is a publicly traded Delaware corporation, headquartered in Montreal, Quebec whose business objective is to profit from the recent strong worldwide revival of interest in precious metals. EDLT's primary activity is in mine development and production of gold. EDLT also participates in other mineral exploration and mining, specifically, silver, nickel, zinc and lead. The geographic focus of the Company currently is mostly China.
East Delta, through its Canadian subsidiary, Amingo Resources had acquired exploration rights at Bake. Amingo then formed a joint venture with the local county and provincial authorities to explore and develop the whole Bake property with Amingo owning 70% of this JV.
With over $1.2 million in the bank, majority interest in several highly-prospective properties, experienced personnel, and an extensive network of contacts in China, the Company believes it has made a solid start on implementing its 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.