News
DELTA MINING AND EXPLORATION CORP. ANNOUNCES
MANAGEMENT RE-ORGANIZATION
Lewisburg,
KY.--(WIRE SERVICE)—April 28, 2004— Delta Mining and Exploration Corp.
(OTC: DMXC) is pleased to disclose the new management team to assist
Dr. Barry Rayment the former President of Bema Gold Corp. with the
development of Delta and their exciting portfolio of diamond and gold
properties.
As previously
announced Dr. Rayment is joining the management team as Chief
Executive Officer where he brings experience from an array of mining
companies including Bema Gold Corp., Glamis Gold, Gold Fields Mining
and Amselco Exploration (BP Minerals) among others. His vast
experience in the mining sector along with his extensive knowledge of
public companies will be an extraordinary asset to Delta and its
shareholders as the company moves forward.
Robert Mathews
and Gary Boyd are resigning as Co-Chairman and Charles Wells, Delta’s
largest shareholder has been appointed the non-executive chairman.
Charles Wells is a highly successful business man in the wholesale
distribution and retail sector for tobacco products. Through his
experience, Mr. Wells has developed an extensive set of skills that
will enhance Delta’s chances of success and will bring much business
acumen to the company.
Robert Mathews
and Gary Boyd were responsible for the company accumulating their
extensive portfolio of properties. They have both been integrally
involved since the inception of Delta and will continue although in
slightly different roles.
Robert Mathews is
continuing as Treasurer and is also assuming the role as Company
Secretary. Mr. Mathews was an account executive with Merrill Lynch
and Advest Inc, a regional brokerage firm in Kentucky prior to
embarking on this exploration g project. Dr. Barry Rayment, the newly
appointed Chief Executive was quoted as saying “Bob’s extensive work
in the field of finance places him in good stead to handle the
finances and organizational duties necessary within his roles at
Delta.”
Mr. Boyd has an
in depth knowledge of all the properties under the control of the
company and will continue his ongoing support of the company but due
to his real estate business and the time commitment necessary to
justice to the role of President, Gary Boyd shall be resigning as
President but will remain as a Director.
Stephen Kay will
remain as a Director and a consultant to Delta where he lends the
company his extensive experience in the exploration field. Delta
Chairman, Charles Wells, sees his involvement as “important to the
success of the planned exploration program due to his knowledge of
both grass root exploration and successful mining projects.”
Stephen Kay is a
geologist with more than 30 years experience in exploration throughout
Europe, South Africa, South America and the United States. Mr. Kay is
currently a director of a number of Canadian public companies
including, EPICentrix Technologies, Inc., Arizona Star Resources and
Victoria Resources. While with Gold Fields Mining Corp. Stephen Kay
supervised the drilling of the 3 million ounce Mesquite gold deposit
in California. Although much of his experience has been in the gold
exploration business Dr. Barry Rayment noted “Steve’s knowledge of the
industry will be instrumental in propelling Delta to the next level of
development.”
Dr. Rayment and
Mr. Kay have worked on many successful ventures in the mining sector
together and have extensive work experience in South America which
will prove of great benefit in the exploration of Delta’s gold and
diamond properties in Bolivia.
Delta Mining and
Exploration Corp, http://www.deltamine.com: is a mineral exploration company with
an extensive portfolio of diamond properties in Montana, USA and in
Bolivia, South America. Delta
controls some 7,500 acres throughout Montana located within the
Wyoming Craton where much of North America’s diamonds have been
found. Another 10,000 acres of prospective diamond properties are
controlled in Bolivia, South America.
NOTE: Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995: The statements,
other than the statements of historical facts may be deemed to contain
forward-looking statements with respect to events, the occurrence of
which involves risk and uncertainties, including, without limitation,
demand and competition for the company’s products and services, the
availability to the company of adequate financing to support its
anticipated activities, the ability of the company to generate cash
flow from operations and the ability of the company to manage its
operations.
Contact:
Alex Livak,
Investor Relations
Delta Mining and
Exploration, Inc.
11649 E. Cortez Drive
Scottsdale,
Arizona 85259
(917) 731-0215
Email:
info@deltamine.com
Website: http://www.deltamine.com |
