DAR ES SALAAM, TANZANIA, Feb. 10 /CNW/ - Harp Sangha, CEO/President of
Douglas Lake Minerals Inc. (DLKM-OTCBB / Frankfurt-D60.F
www.douglaslakeminerals.com) announces the results from the analytical
assessment of 129 bulk samples from the Company's wholly-owned Mkuvia Alluvial
Gold Project - at 1.6 grams of gold per cubic meter.
"We are thrilled that our February results of 1.6 grams per cubic meter
exceed our expectations, as the economic cut-off grade for Mkuvia is 0.20
grams," stated Harp Sangha. "The sampling of the Mkuvia alluvials took place
in December, 2008 and was conducted by our Douglas Lake Tanzanian field crews.
It consisted of a total of 129 measured 0.1 cubic metre samples of
gold-bearing sand, and/or conglomerates. These samples were processed in the
field to produce heavy mineral concentrates. These heavy mineral concentrates
were split with a fraction of the concentrate generated from each sample, and
then shipped to Eco-tech Laboratories in British Columbia for analysis".
Details of the assay data from the Mkuvia Project can be viewed on Douglas
Lake's website at www.douglaslakeminerals.com/mkuviaresults.html
These bulks sample results were derived as part of the same sampling
program that confirmed that the Mkuvia project concentrates also contain
significant amounts of platinum (see press release dated December 22, 2008).
The analytical results from the assaying of the "splits" (fractions of the
total concentrates recovered from individual samples) have been applied to
total concentrate volumes to calculate gold grades per cubic metre. It should
also be noted that the average gold grade in the conglomerates, which is the
primary mining target, is 2.6 grams per cubic metre. The 2.6 grams is
significantly higher than the average grade of the samples tested.
During the past six months, Douglas Lake's ongoing exploration program
has indicated a gold mineralization area of 6 km. by 29 km. by 10 meters in
depth of approximately 1.74 billion cubic meters. Significant values of
platinum, uranium and thorium have also been found, which should add to the
economic value of the property. The mineralized area remains open for
increases in gold mineralization in length, width and depth. Currently, there
are an additional 225 samples in for assay testing and the Company will
release results as they are completed and assessed by our senior geologists.
Since purchasing 100% of the Southeastern Tanzania Mkuvia Project in June
2008, Douglas Lake's management has believed the four prospecting licences
have the potential to become a world-class alluvial gold producing mine not
unlike the Witwatersrand Gold Rush of 1886 that led to the establishment of
Johannesburg, South Africa.
After a brief Christmas hiatus and as the January rainy season ends,
exploration work has commenced again. The Company cautions investors that
ongoing sampling is required to ascertain a true average grade and fully
assess the property's potential.
ABOUT OUR STRATEGIC PARTNER
Our strategic partner TIGMR, is a subsidiary of the China Geological
Survey, a department of the Chinese Ministry of Land and Resources. The
Institute assists the Chinese government with special geological projects
conducted in China and throughout the world and has achieved numerous earth
science accomplishments. Website
ABOUT DOUGLAS LAKE
DLKM is an emerging mineral exploration company focused on exploring and
developing mining opportunities in Tanzania. The company has a large portfolio
of gold, copper, nickel, uranium and diamond prospecting licenses.
This release contains forward-looking statements, which involve risks and
uncertainties. Complete forward-looking statement available at
For further information:
For further information: Investor Relations, Pacific IR Corp., 415-119
W. Pender St., Vancouver, BC, V6B 1S5, Tel: (604) 734-7026, Toll free:
1-866-734-7026, Email: email@example.com