LEWISBURG, KY, Apr 15, 2010 -- Even as the seasons change and the weather warms substantially throughout the United States, mother nature has not been as kind to Delta Mining & Exploration (PINKSHEETS: DMXC). The company once again received news this week that snow has fallen on Delcer Buttes, therefore making it impossible for Gradient Geophysics to complete the high resolution magnetometer survey.
This is now the fourth week in a row that weather has hampered company efforts to complete one part of the work program. Another attempt will made be over the weekend as there does seem to finally be a break.
Though it has been frustrating to wait, in no way do these delays hamper the outlook that the company has regarding the Delcer Buttes gold/copper property. The preliminary magnetometer results showed several significant responses which are anomalies due to rocks that contain a high level of magnetite characteristically associated with copper-gold in this geologic setting.
As the weather improves, Delta fully expects a busy spring and summer. Once Gradient is on the ground it would take them a few days to complete this magnetometer survey, and after analyzing the results will produce a full interpretive report. Gradient will then commence with the Induced Polarization (IP) survey and finally, a full Mapping and Sampling program will take place after the IP survey. Once these work programs are complete, Delta will then determine how best to proceed.
In the meantime the company will continue to file its quarterly reports with Pinksheets.com and seek to maintain the highest designation of being fully compliant.
Delta Mining & Exploration closed at $0.0079 Friday, trading 425,500 shares.
Delta Mining and Exploration Corporate Update
About Delta Mining & Exploration
Delta Mining & Exploration, www.deltamine.com, is an emerging exploration company locating mineral and precious metal deposits in the mining rich regions of North America. The Company currently owns mineral rights to land in central Montana as well as the rights to 31 claims on 680 acres in Elko County, Nevada.
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CALGARY, AB, April 19, 2010 -- Blugrass Energy Inc. (OTCBB: BLUG) is pleased to announce it has acquired additional 3D seismic data from Perto Grande, LLC for an additional 8 potential locations.
Blugrass Energy Inc. closed at $0.335 Friday, trading 11,131,173 shares.
Blugrass Energy Acquires Additional 3D Seismic on Canyon Project
About Bluegrass Energy Inc.
For more information about Blugrass Energy Inc., please visit blugrassenergy.com.
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