LEWISBURG, KY--(MARKET WIRE)--Jul 13, 2006 -- Delta Mining and
Exploration, Corp (Other OTC:DMXC.PK
- News) is
pleased to announce that it has entered into a formal agreement with
Apex Geoscience Limited (Apex) to complete the Phase 2 exploration
to be conducted on Delta's Grassrange District properties in
Montana. The fieldwork will be carried out in its entirety by Apex.
An exact date of this project will be made available shortly;
however, the exploration will commence at some point in the month of
August. Once an exact date is agreed upon, it will be made known to
the public immediately.
This program follows the successful ground magnetic surveys
carried out by Apex last summer (see news release dated October
26, 2005). The new program will consist of detailed mapping and
collection of samples for diamond indicator mineral analysis and
will focus on the Homestead and Three Buttes kimberlite bodies and
the Teigen Butte and Rattlesnake Butte targets, believed to be
lamprophyres. Kimberlites, and to a lesser extent lamprophyres,
are known to host the majority of the world's known diamond
deposits.
After completion of the program and the analysis of results, a
follow-up field campaign, expected to consist of trenching with
collection of large weight samples for micro-diamond analysis,
will be undertaken. Diamond indicator minerals, G10 pyrope
garnets, and a micro-diamond were previously recovered from the
Homestead kimberlite by Delta during early reconnaissance sampling
of the property.
The first and second phase exploration programs represent
stages in the systematic evaluation of Delta's Grassrange
properties. Early fieldwork undertaken by Delta yielded valuable
results suggesting good potential for the targets but was
reconnaissance in nature.
Based in Edmonton, Alberta, Canada, Apex Geoscience (http://www.apexgeoscience.com)
has provided professional geological consulting services for over
25 years. The firm consists of two principals, more than twenty
five geologists, together with a full support staff with extensive
and in depth experience in diamond exploration.
The company, whose motto is "Exploration Anywhere, Any Time,
Any Climate," offers a full range of geological services,
including but not limited to: Qualifying Reports to National
Policy 43-101 Standards, Due Diligence Reporting, Assessment
Reporting, Project Management (Grassroots to Feasibility), Mine
Geology -- including Grade Control and Ore Reconciliation,
Mapping, GIS Integration and Data Compilation, Mineral Property
Evaluations, Ground Geophysical Surveying, Airborne Geophysical
Data Interpretation, Geochemical Sampling (all types), Till
Sampling, Channel Sampling, Trenching, Collection and Control of
Secured Samples, Biogeochemical Sampling, Prospecting, and
Laboratory Audits.
Apex Geoscience currently has over 50 clients, mostly in
Canada, including De Beers Consolidated Mines.
About Delta Mining and Exploration, Corp:
http://www.deltamine.com:
Delta is a mineral exploration company with an extensive portfolio
of diamond properties in Montana, USA and in Bolivia, South
America. Delta controls some 8000 acres throughout Montana located
within the Wyoming Craton where much of North America's diamonds
have been found. A further 10,000 acres of prospective diamond
properties are controlled in Bolivia, South America.
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:
Alex Livak
347-813-4664
alivak@fortuneir.com
http://www.deltamine.com