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PRESS RELEASES
Magnetometer Work Complete on
the Delcer Buttes Gold/Copper Property
NEW YORK, NY -- (MARKET WIRE) -- 02/02/10 -- Delta Mining
& Exploration Corporation (PINKSHEETS: DMXC) ("the Company")
is pleased to announce that one part of the extensive
geophysical work program has been completed on Delcer Buttes
gold/copper property in Elko County.
Gradient Geophysics, Inc. ("Gradient") is working with
Delta in conducting high-resolution magnetometer and
high-powered induced polarization ("IP") surveys to identify
potential copper/gold skarn mineralization and possible
sediment hosted mineralization which may lie beneath
extensive covered areas.
Thus far the magnetometer portion of the program has been
completed and the data is currently being assembled and
analyzed. Gradient will provide the Company a detailed
interpretive map of the results which will be made available
to the public. The IP surveys are yet to be completed due to
the snowy conditions on the ground, but once those are
finalized an advanced computer model will be used to assist
the Company in evaluating the potential size of the
mineralization at the property.
Also, last week the company filed paperwork with Pink OTC
Markets Inc ("Pinksheets"), the parent company of
Pinksheets.com, for status upgrade. After initial review,
Pinksheets sent Delta comments which are currently being
handled by corporate counsel. This is a common practice by
Pinksheets and the Company is doing everything it can to
comply with their requirements and expedite the process.
Delta will continue to issue updates regarding Pinksheets
and the work program as new information becomes available.
About Gradient Geophysics
Gradient has been on the forefront of geophysical data
surveying and interpretation for mineral exploration for
many years. Responsible for over 600 projects throughout the
Americas, Gradient has worked extensively in the mining
sector, conducting large-scale geophysical programs for
major mining companies such as Rio Tinto, BHP, Newmont and
Barrick and for many junior exploration companies. Gradient
focuses on high-resolution magnetometer and high-powered IP
data collection using robust computer modeling methods for
advanced interpretation of mineral deposits.
About Delta Mining and Exploration Corp.,
http://www.deltamine.com:
Delta Mining and Exploration Inc. is an emerging exploration
company whose main objective is to locate and explore land
with mineral and precious metal deposits in the mining rich
regions of North America. Delta currently owns mineral
rights to land in central Montana as well as the rights to
31 claims and 680 acres of land in Elko County Nevada.
NOTE: Safe Harbor for Forward-Looking Statements.
This press release contains forward-looking statements
within the meaning of the Private Securities Litigation
Reform Act of 1995 (the "Act"). In particular, when used in
the preceding discussion, the words "plan," "confident
that," "believe," "scheduled," "expect," or "intend to," and
similar conditional expressions are intended to identify
forward-looking statements within the meaning of the Act and
are subject to the safe harbor created by the Act. Such
statements are subject to certain risks and uncertainties
and actual results could differ materially from those
expressed in any of the forward-looking statements. Such
risks and uncertainties include, but are not limited to, the
ability of the Company to complete the planned bridge
financing, market conditions, the general acceptance of the
Company's products and technologies, competitive factors,
timing, and other risks described in the Company's SEC
reports and filings.
Contact:
Delta Mining and Exploration
917-331-0076
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