Delta Mining and Exploration controls six properties totaling 7,554 acres in Montana which is approximately eleven square miles. Link here to view the properties.
Delta discovered the first in-situ microdiamond ever found in Montana on its Homestead kimberlite, southeast of Lewistown. In addition, the Company controls part of the Three Buttes kimberlite (discovered by Delta).
The region is underlain by a stable portion of the North American continent (the Wyoming Craton) that exhibits the typical geological characteristics fundamental to hosting diamond deposits. This hypothesis is supported by Delta’s portfolio of diatremes, including a kimberlite and a lamproite together with the presence of the microdiamond in the Homestead Kimberlite pipe. Developed kimberlite pipes are found along the southern margin of this stable region to the south of Montana, in Wyoming and Colorado, and also along the northern margin in Canada.
Delta Mining has completed Phase Two Exploration which consisted of the Grassrange District Properties in Montana and produced a detailed mapping and collection of samples for diamond indicator mineral analysis. This report focused on the Homestead (as seen in the slide show) and Three Buttes kimberlite bodies and the Teigen Butte and Rattlesnake Butte targets.
This positive report has placed Delta Mining in the position of seeking joint venturers for further development and that is exactly what they are actively doing.
Delta Mining and Exploration received a report on the samples processed from their Montana target. The micro-probe analysis to determine kimberlite provenance and/or specific mineral chemistry was positive. Link here for report.
Stay tuned: There is so much to tell about this exciting prospect that Stock Guru will be checking in several times a day on this company so you can learn about their advantages in their quest for a U.S. diamond mine!
Sources: Delta Mining and Exploration and University of Alberta
Contact: Alex Livak
Investor Relations
242 Kings Rd.
Lewisburg, Kentucky 42256
Tel: 347-813-4664
Em: info@deltamine.com
Delta Mining
242 Kings Rd.
Lewisburg, KY 42256
USA
Website: http://www.deltamine.com
Phone: 347-813-4664
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. Delta controls some 8000 acres throughout Montana located within the Wyoming Craton where much of North America’s diamonds have been found and has completed two phases of exploration work.
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.
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