DMXC Delta Mining and Exploration, Corp. featured news, full reports, and detailed charts
Delta Mining and Exploration, Corp. (DMXC/DMXC.PK) Wrap Up:
Delta Mining and Exploration Corp. operates as a mineral exploration company in the United States. It has interest in six diamond properties covering 7,554 acres located in Wyoming Craton, Montana. The company was founded in 1997 and is based in Lewisburg, Kentucky.www.deltamine.com
Founded in 1996
Delta Mining and Exploration, Corp. (DMXC:OTC)
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Market Cap
711.1K
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Total Revenue
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EBITDA
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DILUTED EPS TTM
-0.03
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P/E
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P/S
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Return On Asset
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Return On Equity
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DMXC Top Compensated Officers
No compensation data is available at this time for the top officers at this company.
Executives, Board Directors
Key developments for Delta Mining and Exploration, Corp. (DMXC)
Delta Mining and Exploration, Corp. Receives Surface Sample Results on Delcer Buttes
11/16/2009
Delta Mining and Exploration, Corp. announced that it has received a final report and recommendation from Mr. Alan Wright, RPG, which includes the analysis of the 11 surface rock samples he took from the Delcer Buttes Property. Mr. Wright was retained by Delta Mining and Exploration to assist the company in completing its due diligence on the Delcer Buttes Property in Elko County Nevada. After confirming that the claims did belong to Mr. Garry Carlson and Amigo Inc, Mr. Wright sent 11 surface samples to the ALS Chemex Laboratory in Reno Nevada. Pursuant to the results he received, Mr. Wright was able to state in his conclusions that 'the Delcer Buttes Property hosts classic copper/gold skarn mineralization on the mining claims. He recommended that 'the area be acquired, geologically mapped, comprehensively sampled and a ground magnetic survey conducted to define the skarn zones and assist in geological interpretation.
Delta Mining and Exploration Signs Letter of Intent with Amigo Inc
08/17/2009
Delta Mining and Exploration Corp. announced that it has found a potential joint venture partner. The company has signed a Letter of Intent with the property owner of Delcer Buttes, in Elk County, Nevada. The Delcer Buttes property, owned by Mr. Garry Carlson and registered in the name of Amigo Inc., compromises 33 unpatented mining claims covering roughly 680 acres of land. Though the land has never been fully explored there have been recordings of gold and silver deposits that date back to late 1800s. The area is rich with mining activity as witnessed by the numerous precious metal finds in the surrounding areas including a mine just west of the Delcer Buttes which produces close to 3 million ounces of gold per year. Pursuant to the Letter of Intent, Amigo Inc. and Mr. Carlson agree to transfer the Delcer Buttes Claims into the name of Delta Mining and Exploration. Delta will not pay for the actual land but will pay all federal, state and local maintenance fees relating to the claims. The Letter of Intent also stipulates that the Delta will utilize the services of Gradient Geophysics, a Mr. Carlson-owned company, for exploration work to be carried out on the Delcer Buttes at a very reasonable cost, an important factor considering the costs that Delta incurred hiring outside firms in exploring the Montana properties. Lastly, Delta will pay Mr. Carlson and Amigo Inc., a 2% Net Smelter Return royalty from any commercial production that comes out of the Delcer Buttes.
Delta Mining and Exploration, Corp. Announces Executive Changes
03/13/2009
Brett Rodli has decided to step down as chief executive officer of Delta Mining and Exploration Corp. The board of directors accepted Mr. Rodli's resignation effective immediately and will begin a search for a new CEO. In the meantime, to assist the company in its day to day operations, the board of directors appointed Alex Livak as interim chief executive officer, while it conducts a search for a permanent replacement. Livak has been assisting the company on and off for the past six years in various capacities.
DMXC Competitors
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Industry Analysis
| Valuation | DMXC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 2.5x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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DMXC transactions
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Merger/Acquisition
August 17, 2009 |
Amigo Inc. |
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Private Placement
July 9, 2009 |
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More Recent News About Delta Mining and Exploration, Corp.
More news for DMXC
Surface Sample Results Confirm Gold, Silver and Copper Mineralization on Delcer Buttes
NEW YORK, NY--(Marketwire - 11/16/09) - Delta Mining and Exploration Corp. (Pinksheets:DMXC - News) is pleased to announce that it has received a final report and recommendation from Mr. Alan Wright, RPG, which includes the analysis of the 11 surface rock samples he took from the Delcer Buttes Property. As previously mentioned, Mr. Wright was retained by Delta Mining and Exploration to assist the company in completing its due diligence on the Delcer Buttes Property in Elko County Nevada. After confirming that the claims did belong to Mr. Garry Carlson and Amigo Inc, Mr. Wright sent 11 surface samples to the ALS Chemex Laboratory in Reno Nevada.Pursuant to the results he received, Mr. Wright was able to state in his conclusions that "the Delcer Buttes Property hosts classic copper/gold skarn mineralization on the mining claims." Furthermore, he recommended that "the area be acquired, geologically mapped, comprehensively sampled and a ground magnetic survey conducted to define the skarn zones and assist in geological interpretation."One of the pleasant surprises of this sample was the variety of metals discovered. Besides gold, silver and copper were more prevalent then originally anticipated and Mr. Wright mentioned that the "presence of Tungsten suggests a higher temperature setting perhaps similar to the Osgood Mountains in Humboldt County, where the Getchell mine is located." Getchell mine is a gold mine owned by Barrick Gold and Newmont Mining, and is located in Winnemucca, Nevada.Delta's Chief Executive...Click here to read the whole Article (external link)
Delta Mining and Exploration Close to Completing Due Diligence, Awaits Sample Results
NEW YORK, NY--(Marketwire - 11/03/09) - Delta Mining and Exploration Corp. (Pinksheets:DMXC - News) 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...Click here to read the whole Article (external link)
Delta Mining and Exploration Updates Financials, Status Upgraded on Pinksheets.com
NEW YORK, NY--(Marketwire - 10/01/09) - Delta Mining & Exploration (Pinksheets:DMXC - News) is pleased to announce that financials for the previous nine months have been completed, and as a result, Pinksheets.com has upgraded Delta's status on their website. All company filings and information can be viewed by going to www.pinksheets.com and entering the company symbol, DMXC, where prompted. Delta will continue to work with Pinksheets.com as the company seeks to update all of its information and eventually become a Current Pinksheets.com company, the highest possible designation.This is an important step for Delta. First and foremost the company is living up to the promise it made to investors that business will be conducted in a transparent manner. Furthermore, the new status on Pinksheets.com allows the company to attract new investors who previously were either turned away by institutions because of the lack of information or were themselves hesitant.On a separate note, the company has begun the process of updating the corporate website. As the company continues to make a transformation from diamond exploration to precious metals, it will make sure that the website reflects the new direction that Delta is pursuing.About Delta Mining and Exploration Corp., ...Click here to read the whole Article (external link)
Delta Mining and Exploration Discusses Delcer Buttes and the Surrounding Areas
NEW YORK, NY--(Marketwire - 09/15/09) - As Delta Mining and Exploration Corp. (Pinksheets:DMXC - News) continues its legal and technical due diligence of the Delcer Buttes property, it would like to share some geographical and historical facts about the property and the area surrounding it. There were two major reasons why Delta Mining decided to pursue the Delcer Buttes Property. The first was that the land was relatively unexplored, but did show serious potential. The second was because of the mining activity in the surrounding areas.As mentioned in the previous announcement, Delcer Buttes is located in Elko County, Nevada approximately 60 miles southwest of Wells in the northern part of the state. The area is extremely heavy with various mining activity. For example, the nearest significant gold mining operation is at nearby Bald Mountain. In 2008, Bald Mountain produced 105,000 ounces of gold and the proven and probable mineral reserves as of December 31, 2008 are estimated at 2.85 million ounces of gold.The nearest mineral resource is the Maverick Springs property, a joint venture between Silver Standard Resources and Allied Nevada Gold. It is approximately 17 miles southwest of the Delcer Buttes property and contains indicated resources of both silver and gold.To the west of Delcer Butte is the prolific northwest-southeast oriented Carlin Trend producing close to 3 million ounces of gold per year. If the Carlin Trend was assumed to continue, the property would lie about three miles northeast the D...Click here to read the whole Article (external link)
Delta Mining and Exploration Working to Upgrade Status on Pinksheets.com
NEW YORK, NY--(Marketwire - 09/02/09) - Delta Mining & Exploration (Pinksheets:DMXC - News) is pleased to announce that it is in the process of updating and submitting its financials to Pinksheets.com -- a leading financial website that among other things, disseminates and filters public information for companies listed on the Bulletin Board and Pinksheet exchanges. Once Pinksheets.com receives the financials along with an application and the standard fee, it will upgrade Delta's status and list the new company filings on its website, www.pinksheets.com. Currently, the website has filings listed as of late last year; Delta will be providing financials for the year 2009.Now that Delta Mining has a Letter of Intent signed and is in the process of moving forward with its due diligence of the Delcer Buttes property, management decided to take this necessary step and be as transparent as possible with everything that the company is doing.About Delta Mining and Exploration Corp., http://www.deltamine.com: Delta is a mineral exploration company with an extensive portfolio of diamond properties in central Montana, USA.NO...Click here to read the whole Article (external link)
Delta Mining and Exploration Signs Letter of Intent, Begins Technical and Legal Due Diligence
NEW YORK, NY--(Marketwire - 08/17/09) - Delta Mining and Exploration Corp. (Pinksheets:DMXC - News) is pleased to announce that it has found a potential joint venture partner. The company has signed a Letter of Intent with the property owner of Delcer Buttes, in Elk County, Nevada. The Delcer Buttes property, owned by Mr. Garry Carlson and registered in the name of Amigo Inc., compromises 33 unpatented mining claims covering roughly 680 acres of land. Though the land has never been fully explored there have been recordings of gold and silver deposits that date back to late 1800s. The area is rich with mining activity as witnessed by the numerous precious metal finds in the surrounding areas including a mine just west of the Delcer Buttes which produces close to 3 million ounces of gold per year.Pursuant to the Letter of Intent, Amigo Inc. and Mr. Carlson agree to transfer the Delcer Buttes Claims into the name of Delta Mining and Exploration. Delta will not pay for the actual land but will pay all federal, state and local maintenance fees relating to the claims.The Letter of Intent also stipulates that the Delta will utilize the services of Gradient Geophysics, a Mr. Carlson-owned company, for exploration work to be carried out on the Delcer Buttes at a very reasonable cost, an important factor considering the costs that Delta incurred hiring outside firms in exploring the Montana properties. Lastly, Delta will pay Mr. Carlson and Amigo Inc., a two percent Net Smelter Return royalty from any commercial productio...Click here to read the whole Article (external link)
Delta Mining and Exploration Zeroes in on Location; Reviewing Final Offers
NEW YORK, NY--(Marketwire - 07/15/09) - Delta Mining and Exploration Corp. (Pinksheets:DMXC - News) is pleased to announce that it is in the final stages of reviewing offers for acquisition and/or a joint venture partnership. Once a decision is reached, a letter of intent will be signed paving the way for a binding agreement between all parties. Over the past few months, Delta has received various proposals from land owners seeking a partnership. Some have been for continued diamond exploration in Montana, silver mines in Nevada, and various other types of propositions mainly from the Western part of the country. Delta has settled on offers from the mining-rich state of Nevada that deal in precious metals such as gold, silver and copper.Delta's Chief Executive Officer Alex Livak has laid out a specific list of parameters that must be met before a letter of intent can be signed. The parameters are designed to make sure the company does not spend its capital on the actual land, but instead on the exploration.A second requirement is that the exploration of these proprieties be conducted in conjunction with a partner(s), which would considerably reduce cost, instead of Delta having to spend unnecessarily by hiring an outside engineering or geological firm. The proposals Delta is reviewing satisfy these requirements.The company will continue to issue updates as it decides on what actions it will take.About Delta Mining and Exploration Corp., ...Click here to read the whole Article (external link)
Delta Mining and Exploration Secures Funding
NEW YORK, NY--(Marketwire - 07/09/09) - Delta Mining and Exploration Corp. (Pinksheets:DMXC - News) is pleased to announce that it has agreed to terms with a private equity funding company. Delta will receive up to one million (US 1,000,000) dollars with the funds being distributed in traunches. The first disbursement will occur within the next few weeks. Management hopes that the ability to raise capital will provide the company with leverage since it is currently in negotiations with groups looking for a joint venture partner. This affords Delta the opportunity to present itself as a viable option to those who have the land but not necessarily the means to explore it.Delta acknowledges that progress has been very slow this year, but now has hope that developments will occur at a more rapid pace in large part because of this financing agreement. It is management's belief that in this difficult economic environment, a company that has financial backing may have an advantage and can look more appealing to potential partners and investors.About Delta Mining and Exploration Corp., http://www.deltamine.com: 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-loo...Click here to read the whole Article (external link)
Delta Mining and Exploration Corporate Update
NEW YORK, NY--(MARKET WIRE)--Apr 3, 2009 -- After a change in management this past month, Delta Mining and Exploration (Other OTC:DMXC.PK - News) would like to issue the following update. Unfortunately, last year was a difficult one for Delta Mining as it suffered some setbacks on the Homestead property and Phase 3 exploration; as a result, the Board of Directors and Management have decided to take a different course of action.For the time being, Delta will no longer concentrate on exploring the properties it possesses in Montana and will move away from diamond exploration. Instead, the company is aggressively pursuing other potential land and mineral deals that involve precious metals such as gold, copper and silver.For the past few months, the management team has been in discussion with joint venture groups looking to secure property rights. The properties that interest Delta are in the areas along the Midwest and Northwest regions of the country where mining activity is still healthy and the potential for joint venture work looks promising.The company has been approached with proposals for joint venture possibilities and is working out the details as of this announcement. Delta believes that there is an enormous benefit of having a partner working with the company as they may assist in raising capital, help the company secure land, and/or provide the necessary equipment needed for exploration work.Management believes that this is an exciting time and a tremendous opportunity for the company to make such a bold m...Click here to read the whole Article (external link)
Brett Rodli Resigns as Chief Executive Officer of Delta Mining and Exploration
MISSOULA, MT--(MARKET WIRE)--Mar 13, 2009 -- After careful review and consideration Mr. Brett Rodli has decided to step down as Chief Executive Officer of Delta Mining and Exploration Corp. (Other OTC:DMXC.PK - News). The Board of Directors accepted Mr. Rodli's resignation effective immediately and will begin a search for a new CEO. In the meantime, to assist the company in its day to day operations, the Board of Directors appointed long time consultant Alex Livak as interim Chief Executive Officer, while it conducts a search for a permanent replacement. Mr. Livak has been assisting the company on and off for the past six years in various capacities.Further updates about the company will be forthcoming as Delta looks forward to having a successful 2009.About Delta Mining and Exploration Corp., http://www.deltamine.com: 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 t...Click here to read the whole Article (external link)
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