News
DELTA MINING
AND EXPLORATION CORP. VISITS HOMESTEAD PROPERTY IN PREPARATION OF WORK
PROGRAM
Lewisburg, KY.--
August 17, 2004— Representatives of Delta Mining and Exploration Corp.
(Delta) (OTC: DMXC) plan to visit the Homestead Kimberlite on August
20, 2004.
The financing
discussed on July 22, 2004 with the Platinum Equity Funding is
expected to close within the next two weeks. The interest in the
placement has been encouraging but the closing date has been altered
due to necessary legal work that is still to be completed.
In anticipation of
the successful financing with Platinum, the preliminary work necessary
to commence the work program for the Homestead Kimberlite is being
orchestrated. Tom Charlton, the newly appointed Montana
representative, and one of his associates will visit the property to
ensure all is in order so that no delays are encountered once the work
program is scheduled.
The Homestead
Kimerlite has already been shown to be diamondiferous and contain
encouraging concentrations of all the diamond indicator minerals.
This kimberlite and the surrounding area will be the focus of Delta’s
efforts in the first instance.
About Delta Mining
and Exploration, Corp:
http://www.deltamine.com: Delta is a mineral exploration company
with an extensive portfolio of diamond and gold properties in Montana,
USA and in Bolivia, South America. Delta controls some 7500 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 and gold properties are controlled in Bolivia,
South America.
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.
ON BEHALF OF THE
BOARD of Delta Mining and Exploration Corp.
Contact:
Alex Livak: 917-731-0215
Email:
info@deltamine.com
Website:
http://www.deltamine.com
SOURCE: Delta Mining and Exploration Corp.
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