Delta Mining and Exploration owns an interest in the Three Buttes kimberlite, which is northeast of Homestead, and it has a stake in the Teigen Butte lamprophyre to the southeast. The Homestead kimberlite pipe has delivered diamonds and what makes the Homestead target unique is it’s believed to be the first diamond ever found in Montana that was created here, rather than dropped in the state by a retreating glacier or other means. Accessibility also makes the property appealing.
Normally, it takes years to find underlying kimberlite deposits, let alone diamonds. But on the ranch site southeast of Lewistown, the kimberlite is exposed, pushed to the surface by high-speed gas millions of years ago, said David W. Baker, an earth scientist who lives about 100 miles from the site. That accessibility should cut excavation costs and lessen any damage to the prairie and the small, vacant cabin on the site.
Diamonds can only form in the Earth’s mantle at depths of more than 120 km (75 miles), where the exceedingly high pressures and temperatures-40 kbar and 900°C-squeeze carbon into the ultra compact crystal structure of diamond. The diamonds then reach the surface when explosive volcanic eruptions force the molten rock containing them up narrow conduits (pipes) through the crust.
Phase Two Exploration for Delta Mining 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 Corp. controls six properties totaling 7,554 acres (approximately 11 sq. miles) in Montana.
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!
Source: Delta Mining and Exploration and Associated Press Article October 2004
Contact: Alex Livak
Investor Relations
242 Kings Rd.
Lewisburg, Kentuc 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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