Delta Mining and Exploration Corp. Is Invited to Attend a Reception With the President of Bolivia
LEWISBURG, Ky., Oct. 13 /PRNewswire-FirstCall/ -- Delta Mining and Exploration Corp. (Pink Sheets: DMXP) and Barry Rayment is pleased to announce that it has received an invitation to attend a reception with the President of Bolivia, Carlos Mesa Gisbert.
Delta is honored to receive this invite for more than just the recognition it extends to Delta for the planned exploration in the region but more so for the fact Delta will be the only non Fortune 500 Company in attendance. Other invitees include some 40 Fortune 500 Companies including Citibank, Exxon Oil, JP Morgan Chase, and De Beers, world's largest diamond mining and Exploration Company that coincidently is exploring the bordering property to one of Delta's leases in Bolivia. This is the second invitation that has been extended to Delta from the Bolivian Chamber of Commerce, and looks forward in continuing to build on its solid relationship with the Bolivian government.
Besides having property in the United States, Delta also has roughly 10,000 acres of property in the mountains of the Bolivia, and is in the process of continued exploration in two significant leases.
Initial exploration of the Independencia property in Bolivia has identified three known occurrences of alluvial diamonds (diamonds that have been eroded from one place and deposited in another) in the region where Delta controls their properties. The region has also been subject to surges of alkaline magmatism in the form of syenites, alkaline gabbros, basalts, carbonatites, swarms of mafic to ultramafic lamprophyric dykes and breccias together with some petrographically identified kimberlites; all of which are precursors to successful diamond exploration. It is these findings on the Independencia property together with the existence of alluvial diamonds that validate continued and more extensive exploration.
The other target property is a little more speculative, but may represent a second "diamond line" similar to the Brazilian "AZ 125 lineament" that runs from Minas Gerais to Rondonia. That "diamond line" contains most of that country's diamonds, and it is the underpinning geology that makes Delta management excited to continue further exploration. In addition to ground geophysics, some pyrope garnets, a major diamond indicator mineral, have been discovered. Aeromagnetic surveys flown have produced clusters of bullseye dipole anomalies that may be indicative of kimberlites or lamprolites. Recent computer modeling of airborne and ground magnetic data has revealed pipe-shaped sources providing specific exploration targets.
Delta Mining and Exploration Corp., deltamine.com: is a mineral exploration company with an extensive portfolio of diamond properties in Montana, USA 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 properties are controlled in Bolivia, South America.
ON BEHALF OF THE BOARD of Delta Mining and Exploration Corp.
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