WELCOME TO DALECO RESOURCES CORPORATION
Daleco Resources Corporation (DLOV:OTCBB) is a publicly traded natural resource company with two operating divisions -- minerals and oil and gas.
The minerals division holds properties located in New Mexico, Texas and Utah as of March 31, 2012. The Company's kaolin (NM) and zeolite (TX) properties have undergone geologic definitions as the basis for scoping studies. A scoping study on the Company's calcium carbonate (NM) has been prepared and efforts are being made to establish venture relationships to develop this property. The Company is continuing to pursue plans to commercialize its calcium carbonate, kaolin and zeolite projects which are critical for the Company to achieve profitability and establishing the Company as a market innovator in industrial minerals. Those plans have progressed from the data acquisition and analysis phase into ongoing mineral processing and facility design phase. The Company and its current partner and potential other partners are actively investigating various commercial applications for its mineral based products.
The oil and gas division has interests in 31 producing wells in Texas, Pennsylvania and West Virginia. Daleco, through its operating subsidiaries, Westlands Resources Corporation and Deven Resources, Inc., operates properties for itself and its partners.
Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website, such as "measured," "indicated," and "inferred "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-KSB which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml.
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