News
Delta Mining and Exploration Corp.
Releases Photos of the Homestead Property
LEWISBURG, Ky., Oct. 28 /PRNewswire-FirstCall/ -- Delta Mining and
Exploration Corp. (Delta) (PINK SHEETS: DMXC) releases photos of the
Homestead Kimberlite from their recent visit to the Homestead
property.
To view the photos of the exciting
Homestead Kimberlite that according to Dr. Anthony Irving of The
University of Washington, an expert in the field of diamond
exploration and analysis, "is one of the most exciting new finds in
North America," visit [www.deltamine.com/properties-mtslideshow.htm].
The linked slideshow clearly shows
the position of the diamondiferous kimberlite and features some of the
other prospective targets. The Homestead Kimberlite is the area that
the Associated Press researched and profiled in a column they wrote
last week discussing the findings of microscopic diamonds. The next
stage is to determine whether economic diamonds are prevalent in the
region.
Finding economic diamond deposits
essentially comprises of four sequential stages that can be summarized
in the following manner: Discovering kimberlite and/or lamproites host
rocks; establishing the presence of diamond indicator minerals (such
as G9/G10 garnets, chromite and chrome-diopside); sampling for the
presence of microdiamonds/diamonds; and bulk-testing for the presence
of economic diamonds.
Delta has already achieved the first
3 of these 4 steps at the Homestead Kimberlite pipe in Montana and
would like to begin bulk-testing in the month of November, before the
Montana winter sets in. Once bulk-sampling is completed, the results
are generally known within a short period of time.
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. |
