SOURCE: Delta Mining and Exploration

November 03, 2009 08:30 ET

Delta Mining and Exploration Close to Completing Due Diligence, Awaits Sample Results

NEW YORK, NY--(Marketwire - November 3, 2009) - 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., 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 Information