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DMXP news
Delta Mining and Exploration, Corp. Continues Exploration
5/3/2004 4:05:00 PM
LEWISBURG, Ky., May 3, 2004 /PRNewswire via COMTEX/ -- Delta Mining and Exploration, Corp. (PINK SHEETS: DMXP) is pleased to announce that surface reconnaissance work previously completed by Delta's geologists, show that there is potential for the discovery of further kimberlite pipes on the company's Montanan properties. Kimberlite pipes are the principal source of diamonds throughout the world. The exploration that is to be completed over the coming months is designed to test the potential of the Montanan diamond leases covering approximately 7500 acres.
Additionally, Delta has two more environments of interest in the country of Bolivia, South America. One is in the Andes and the other in the Precambrian, in Eastern Bolivia (within the Archean Gupaore Craton of the Brazilian shield).
The first is a State Line style situation in the crumpled lower Palaeozoic Eastern Andean foreland basin overlying the Guapore Craton. The property is referred to as Independencia where diamond industry leader De Beers is currently a lease holder and is in the area conducting extensive exploration. The area is related to an enormous, but little known zone of Jurassic-Cretaceous extension that has been characterized by surges of alkaline magmatism in the form of syenites, alkaline gabbros and basalts, carbonatites, swarms of mafic to ultramafic lamprophyric dykes and breccias and together with petrographically identified kimberlites. It has three known occurrences of alluvial diamonds.
The Precambrian target is a speculative play with a fairly sound geophysical underpinning -- in effect a second "diamond line" similar to the Brazilian "AZ 125 lineament" running from Minas Gerais to Rondonia and containing most of that countries diamonds. While no diamonds have been recorded from the Bolivian Precambrian, this may be due to the fact that it has never undergone the waves of garimpeiro prospecting as experienced in Brazil. Some pyrope garnets have been discovered and aeromagnetic surveys flown have produced clusters of the bullseye dipole anomalies indicative of kimberlites or lamproites. Computer modelling of airborne and ground magnetics has revealed pipe-shaped sources for some of these. The property is accessible by road and will undergo extensive exploration in the coming months.
The Bolivian properties, although less extensively explored than the North American properties, display all the characteristics necessary to encourage intensive exploration. The presence of De Beers in the highly prospective diamondiferous terrain on the Independencia property that is two-thirds controlled by Delta, is clearly of interest.
Delta Mining and Exploration Corp., http://www.deltamine.com: is a mineral exploration company with an extensive portfolio of diamond and gold properties throughout the state of Montana, and in Bolivia, South America. Delta controls some 7,500 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.
SOURCE Delta Mining and Exploration Corp.
Alex Livak, 212-695-6041, or info@deltamine.com
http://www.deltamine.com
Copyright (C) 2004 PR Newswire. All rights reserved.
how does it feel to have so many people hate you
untrue
whats up with this stock shuan
going below .02 soon
you cant say shit about nsdm now
come release a pr saying you found diamonds so i can get out of this thing already
palma gave me the impression it was personal vaca time
or at least that was the impression i was left with after our phone conversation
lets hope he vacas in the ukraine
congrats on the child
what did you have boy or girl
my wife is due in oct
hopeing for a little dylan to offset my twin girls
that umass kid will probably be getting his ass kicked real soon if he hasnt already
i hate punks like him
if hes got any friends up there
they better hide his ass
well i just called the office
palma answered
said ws wont be back in till next friday
he was away on a personal trip
dan heilman works out of his house in colorado
they havent started to drill yet
waiting for it to warm up
they are thinking that by the middle of
next week they will be able to
it sounds like its up to the drillers to make the call as to when they will start
she did say that it is starting to warm up there
this was the first time i ever called this company
doc you surprise me by bailing on this company
what happened to patience and tollarence
i must admit im glad to see those stupid miners gone though
hope your son is safe and still holding
at this point i cant see selling it
palma did say they would release a small pr when they start the drilling
till next week
hang tough everyone whos left
is there diamonds showing at this coridinants
see ya
OSEE probably the next pick for stockprowler
is it me or does that gut look like van morrison
ya ya ya
but what about an exit price
you must be thinking about locking in some profits arent you
still in qbid
what do you think a good exit price is
i just bought another $300 dollars worth at .03
hoping for the best
this stocks moves quick
up or down
it usally goes in chunks
lets hope the news if any is good
.0265
glad i threw away a grand on this
should have dumped it at .40
again like nsdm
all i can do is hold on now
no sense taking a loss at this phase of the game
besides didnt shaun say wait until thursday
what could he possible mean by that
.0265
you said news tomarrow right
thanks see ya
hey did you find a job yet
no not ronald mcdonald
say it isnt so
they cant possably believe anyone long in this stock would be selling now on the verge of new drill results
gotta love it when the bashing idiots come by to say hi
means good things are about to happen
any hint to the news that is coming out tomarrow
should we be buying more today
no thats not what he is saying
go to some other board to bash
we really dont need or want you here
sounds like there might be a pr released tonight
it being tuesday and all
im in @.029
cant we all just get along
we have some good things ahead of us this week
possibly finish drilling
pr stating that they found macro diamonds in there core samples
web site selling diamonds, etc..
a couple of things i love about canada
their ballet, cuban cigars, and casinos
oh ya, molson XXX beer too
did i mention the canadian ballet
gottcha so they havent started the buy back as of yet due to the fact that there is no income coming in yet
i see this stock trading in the .05 range come the soft launch
lets hope everything is on schedule
i hear all this talk of buy back but wouldnt they have been farther ahead to buy these shares back when the price was .0001 instead of .01+
what makes you think they still are buying them back at these prices
just saw that
its at .04
ill be watching it for some volume
one week
i look forward to your report
lets hope it works out for all of us involved
sounds like you may be on to something up there
when does the work start and when can we see some results
excuse me if i seem in a rush but waiting around for diamond exploration companies to strike it big kinda sucks if you know what i mean
im a person
a very optimistic one at that
according to the pr
drilling to start friday the 16th
lets hope they find something interesting there
obviousley they saw something they want to take a closer look at
thanks dan keep up the good work
hey what happened to prvb
i went to look for it tonight and its gone
did they change symbols
im with you on that
rained out of work today
might as well try to make some money in the market today
i bet dan did find those claims
looking forward to our new web diamond sales soon
not to mention the upcoming pr that says we found diamonds
might just have to buy some on the dips then
dont go blaming the dog
how long does it take from the start of the next drill till we get the results of the core sample
if its a month then we just have to wait
i dont see this stock moving up in price till we get closer to the next core sample results
untill then hurry up and wait
since the info leaks have stopped and no one is claiming to talk to the office on a daily basis
i dont see this stock moving too much
if anything the longer it takes to get the next results
the lower we may go as holders get impaitient and sell
at this point i say why not ride it out
speculation will start to come in after we break ground
i used to know of this guy who was writing a book about a diamond exploration company
i think his name was a2 something
he might have some info for you
capt and coke
is it the new pr
i havent looked at the site in a while