At the Homestead Kimberlite, the magnetic survey showed a series of magnetic highs/ anomalies over a length of approximately 350 metres reflecting the hypabyssal kimberlite body or bodies which are partly exposed at surface. One portion of the magnetic anomaly at Homestead, to the east of the buttes, indicates that the known kimberlite may be larger than the surface expression or may be a separate buried hypabyssal kimberlitic body.
Outcrops of hypabyssal kimberlite at the peaks of the Three Buttes Kimberlite are reflected by magnetic anomalies outlined during the survey. Again, the kimberlite(s) appears to be larger than the surface expression based on magnetic anomalies to the south and north-west. The entire array of anomalies at Three Buttes covers a length of approximately 500 meters. At the Rattlesnake Butte intrusion, a linear magnetic high which is continuous for more than 400 metres is believed to represent a linear lamprophyric body. At Teigen Butte intrusive, lamprophyric rocks exist which are defined by the ground magnetic survey. At all of the Homestead, Three Buttes, Teigen Butte, TV Hill, Half Moon and Rattlesnake Butte bodies, carbonate breccias exist, which represent separate phases or intrusions which are non-magnetic. The relationship between the hypabyssal material and the breccia material is unknown at this time. Future work which will include sampling the different phases or intrusions for kimberlite indicator minerals and diamonds will better determine the genetic relationship between the two phases or intrusions at each of the different bodies.
Kimberlite and to a lesser extent lamprophyres host the majority of the worlds known diamond deposits. Generally, G10 pyrope garnets (as defined by Dr. John Gurney) have been derived from the diamond stability field and are an indication that a kimberlite may contain diamonds. Limited diamond indicator mineral work conducted at the Homestead Kimberlite, by Delta, during 2001 demonstrated that G10 garnets exist. In addition a micro-diamond has been recovered from the Homestead Kimberlite
Delta is awaiting further data analysis from the survey results and will then be planning the next phase of exploration in conjunction with Apex Geoscience Ltd.
About Delta Mining and Exploration, Corp: http://www.deltamine.com: Delta is a mineral exploration company with an extensive portfolio of diamond properties in Montana, USA and in Bolivia, South America. Delta controls some 8000 acres throughout Montana located within the Wyoming Craton where much of North America's diamonds have been found. A further 10,000 acres of prospective diamond properties are controlled in Bolivia, South America.
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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.