Can anyone tell me if this is this year?
LEWISBURG, Ky., Aug. 4 /PRNewswire-FirstCall/ -- Delta Mining and
Exploration Corp. (Delta) (Pink Sheets: DMXP) wishes to disclose preliminary
findings on their Gold concessions in Bolivia.
The Robert concession controlled by Delta is roughly 3830 acres and is
located approximately 50 miles by paved highway south of La Paz. The
concession is located on the Altiplano alongside the Coniri fault at an
elevation of 13,000 feet. The property is about 80% rocky outcrop or shallow
soils with the balance of the land being covered by Cretaceous to Tertiary
aged sediments. The large percentage of outcrop simplifies exploration and
due to easy access and drilling conditions is quite cost effective.
The low hills exposed above the Altiplano plain are either Paleozonic
sedimentary rocks and/or Miocene dacite rocks. The sedimentary rocks consist
of thinly bedded shales (60%) and bedded sandstones (40%) believed to be of
the Vila Vila formation. This geology provides a good indication for positive
host rocks to gold mineralization in this region.
To date, a small number of samples have been collected from the dacite and
have returned values of 0.333 g/t of Gold, 2.3% Lead, and 0.667% Zinc. The
limited amount of exploration completed set in the context of the promising
geology and the presence of successful producing mines in the area suggest
that more detailed exploration is warranted.
The extensive experience of Dr. Barry Rayment and Stephen Kay in this
region of South America in conjunction with their gold exploration and mining
history will ensure Delta prepares and completes the appropriate work program
while being considerate of the local culture.
With injection of capital expected over the coming weeks, a work program
will be planned for this property together with the previously disclosed
diamond exploration properties in both Montana and Bolivia.
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 many 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.
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