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Delecta Limited has joined the hunt for gold in the United States, picking up the Speedway gold project in western Utah. The company's latest acquisition is situated in the Great Basin district, which boasts a total endowment of more than 200 million ounces of gold. The company's sampling program has already returned several anomalous results including assays of 1.24 g/t gold and 43.8 g/t silver.

ASX-listed Perth based Delecta Ltd has boots on the ground now at its REX uranium-vanadium project in the US where its field team has picked up some interesting rock chips grading up to 0.53 per cent U3O8. The samples also returned up to 1.36 per cent vanadium pentoxide, underscoring the historical uranium-vanadium occurrences in the region.

Delecta Ltd looks set to ride the next uranium wave that is already starting to form with the ASX-listed company announcing it has picked up a controlling interest in a USA uranium project that is littered with old workings including high grade vanadium. Delecta will pay $150k and 20 million options for the Colorado based project entity.

Delecta Limited has exercised its option to acquire the Highline cobalt-copper project in Nevada, USA, after completing due diligence that confirmed the high-grade nature of its mineralisation. The company plans to carry out detailed geological mapping and sampling over the western claim and the Highline Mine area to identify drill targets.

Delecta Limited has further confirmed the high grade nature of mineralisation at the Highline project near Las Vegas in the US, with its due diligence sampling returning up to 1.46% cobalt and 31.2% copper. Geological mapping and sampling is now underway on both the underground workings and prospecting pits to gain a better understanding of the orientation and extent of the mineralisation.

Delecta Limited has reported high grade samples going up to 7.1% cobalt and 12.4% copper from its new Highline project in southern Nevada, USA. The project is surrounded by 4 historical cobalt mines in the Goodsprings district and initial geological mapping has outlined the potential for multiple lodes of mineralisation adjacent to the Highline mine workings. Highly anomalous zinc and lead assays were also returned from the Pocahontas claim.

Delecta Limited has purchased the high grade Highline cobalt-copper project from a private vendor in the emerging Goodsprings mining district, 50km southwest of Las Vegas in southern Nevada, USA. The historical mine produced cobalt up to an eye-watering 12.45% and an average copper grade of 35%. The claim area has been sitting idle for nearly a century and has seen pretty much no modern exploration.