NEW YORK, NY -- 11/03/09 --
Delta Mining and Exploration Corp.
(PINKSHEETS: DMXC) is pleased to announce that it is close to completing
its due diligence on the Delcer Buttes property and has started to work out
the parameters for a land agreement with Amigo Inc.
For assistance, the company hired an outside consultant Mr. Alan Wright, a
Registered Professional Geologist (RPG) who has had a previous working
relationship with two of Delta's Board Members, Dr. Barry Rayment and Mr.
Steven Kay. Mr. Wright had two main objectives -- conduct a title search
with the Bureau of Land Management (BLM) to confirm that the claims are
registered to Amigo Inc. and Mr. Garry Carlson, and visit the Delcer Buttes
property to collect surface rock samples.
After confirming with the BLM that the claims do indeed belong to Amigo
Inc. and Mr. Carlson, Mr. Wright visited the property and collected 11
surface rock samples to confirm and establish the presence of gold, silver
and copper as well as any other precious metal indicators in the area and
to characterize the geochemical regime. The samples were evenly
distributed over the entire property and were submitted to the ALS-Chemex
Laboratories in Elko Nevada for analysis.
Once the results are known, a report along with exploration program
recommendations will be submitted by Mr. Wright. In the meantime, as Delta
eagerly awaits the report, the company has taken the initiative and is
moving ahead in preparing a contract with Amigo Inc. Both parties have
started to lay the foundation for a binding agreement so that when a report
and recommendation is presented a contract can be executed without further
delay.
About Delta Mining and Exploration Corp., http://www.deltamine.com: Delta
is a mineral exploration company with an extensive portfolio of diamond
properties in central Montana, USA.
NOTE: 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.
CONTACT:
Delta Mining and Exploration Corp.
917-331-0076
Email Contact
www.deltamine.com