Delta Mining and Exploration Extends Lease Agreement on the 7,325 Acre Ranch Property
Thursday, August 21st 2008
Delta Mining and Exploration announce it has extended its land lease agreement with the option to purchase mineral rights for the 7,325 acre Ranch property which encompasses the Homestead site for an additional three years. The lease which was set to expire on December 7th will now run through December 2011.
Delta’s Chief Executive Officer, Mr. Brett Rodli, stated that “This was another important step forward for Delta as we await results from our 30 tonne bulk sampling program of the Homestead kimberlite. Securing the land for an additional 3 years will allow Delta to continue with future exploration plans regardless of the bulk sample’s outcome.”
Also, the company is continuing to work with Pink Sheets toward removing the Caveat Emptor status. Extensive financial, corporate and property-related documentation is required by Pink Sheets which may include information about certain land agreements which are currently deemed confidential. The company hopes to have everything resolved by the end of its fiscal year, which is September 30th.
Delta is a mineral exploration company with an extensive portfolio of diamond properties in central Montana, USA. Delta controls some 7,554 acres throughout Montana located within the Wyoming Craton where much of North America’s diamonds have been found. Website: http://www.deltamine.com