News
Delta Mining and
Exploration Corp. Prepares for Upcoming Work Program at the Homestead
Property in Montana
LEWISBURG, Ky., Oct. 11 /PRNewswire-FirstCall/
-- Representatives of Delta Mining and Exploration Corp. (Pink Sheets:
DMXC) visited the Homestead Kimberlite last week taking a number of
samples from the diamondiferous kimberlite.
All the samples were taken from the
visible kimberlite outcrops behind the Homestead cabin. A number of
samples taken contained the xenolithic rock characteristic of
kimberlites. The xenolithic rocks showed clear examples of the diamond
indicator minerals garnet and pyrope. The other collected samples
clearly displayed the green soil and rock of the kimberlitic body.
In planning the work program the
accessibility of the kimberlite would result in large savings in
exploration expenditure. Kimberlites are usually found well beneath
the surface, so would normally require removal of large amounts of
overburden to gain access to the kimberlitic mineralized zones.
A number of the other prospective
targets were visited while in the vicinity of the Homestead Kimberlite.
Although only briefly examined, they display similar characteristics
to those of the diamondiferous Homestead pipe.
Furthermore, the landowner is pleased
to hear that Delta plans to commence exploration in the near future.
As the landowners are heavily entrenched in the local community, they
noted the positive effect the work program and any subsequent
exploration and mining programs will have on the local economy.
It was the first time Tom Charlton,
the Montana Representative, had visited the Homestead property and his
expectations were more than fulfilled. Mr. Charlton has an extensive
background in the mining sector having managed several successful
public and private companies but in all his experience he said that he
"has not seen a property with as much potential as the Homestead
Kimberlite. It is one thing to read all the encouraging reports on the
Homestead property, but it is another to actually see the kimberlitic
outcrops with xenolithic rocks and the clearly visible garnets and
pyropes."
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 many 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. |
