DMXP Stock Guru Profile OTCBB: DMXP
Delta Mining and Exploration controls six properties totaling 7,554 acres in Montana which is approximately eleven square miles. While diamond mining is relatively new in Montana it is well established in Canada and Canada is not so far away. (Link here for Mapquest Image of Lewsitown, Montana, home of the Homestead Mining Target.)
In fact, the University of Alberta has opened Canada’s first-ever diamond research laboratory. The lab was established with the aid of diamond giant De Beers Canada, which provided $100 000 to equip the University’s laboratory with state-of-the-art research equipment, previously unavailable in Canada.
Canada’s young diamond mining industry is beginning to thrive as Canada takes its place as the third-largest producer of diamonds by value in the world. The University of Alberta Diamond Lab identifies the conditions in which diamonds are usually formed, what minerals are found near them and what that information reveals about the quality of diamonds in any given area.
“Diamonds are so rare that it’s hard to find them simply by looking for them. But if you’re able to determine the conditions in which diamonds are usually formed, and what minerals are usually found near them, then you have a better idea of where to find them, and what grade or quality you’re likely to find in certain areas,” noted the head of the department noted Thomas Stachel, the head of the Diamond Research Department at the University of Alberta.
And that is exactly what Delta Mining and Exploration has as a result of its Phase Two Exploration. For Delta Mining Phase Two Exploration 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.
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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