Delta Gold Corporation

Delta Gold Corporation

January 22, 2015 19:25 ET

Delta Gold Corporation Announces Annual Financial Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 22, 2015) - Delta Gold Corporation (the "Company") (TSX VENTURE:DLT) reports that it has filed on SEDAR ( its audited annual consolidated financial statements and related management discussion and analysis ("MD&A") for year ended September 30, 2014.

Overall, the Company reported a loss and comprehensive loss for the year of $4.0 million compared with $3.0 million in the previous year. The significant loss item in the current year was the mineral property impairment on the Imperial Project of $2.7 million.

Delta finished the year with working capital of $4.0 million which included cash and cash equivalents of $3.0 million.

Delta Gold's CEO, Marco Romero, stated:

"2014 was a challenging year that saw us enter into and then later terminate an arrangement agreement with Commonwealth Silver and Gold Mining Ltd.

"In 2015, Delta will continue to advance its business plan by focusing on building relationships that will allow us to prudently advance the Imperial Project.

"We have also resumed our search for other opportunities with near term value creation potential."

Delta Gold Corporation is a development stage mining company with the goal of building a successful mid-tier gold producer committed to industry-leading technical and ethical best practices. Our business strategy is to identify and evaluate mineral investment opportunities located in favourable jurisdictions and settings, and to prudently acquire and develop projects that are economically, socially and environmentally viable.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This document may contain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Contact Information

  • Delta Gold Corporation
    Marco Romero
    President & CEO
    604-681-2020, ext. 101