VANCOUVER, British Columbia, Oct. 4, 2006 (PRIMEZONE) -- Harp Sangha, CEO / President of Douglas Lake Minerals Inc. (OTCBB:DLKM), announced the commencement of exploration at their Morogoro property located in the Kilosa District of east-central Tanzania, with their strategic partner, Canaco Resources.
The initial exploration program at Morogoro will consist of mapping, sampling and preparation for a 2,500 metre, Phase I diamond drilling program scheduled to commence later this month. Douglas Lake's partner, Canaco has had its exploration personnel establish a camp onsite and have initiated geological surveying and preparation for the mobilization of drill equipment and crews. This work includes the preparation of trails, drill pads and negotiations with local artisanal miners for access to some areas of the property.
Harp Sangha stated, "We are very excited by the considerable progress made by our partner in preparing this drilling program. They have their entire team working on this project and they have already identified three new mineralization areas on the property."
Initial results from the geological mapping of the artisanal workings located on the property describe previously undocumented workings that extend the known, northwesterly trend of gold mineralization from 2.2 kilometres to 4.2 kilometers in length.
Mapping and sampling has also identified three new areas of bedrock gold mineralization that host active artisanal mining operations. Workings 1.1 kilometres northeast and 2.4 kilometres southwest of the known mineralized trend share the same northwesterly orientation and appear to be parallel trends, while the mapping of a third area, northwest of the principle trend, has documented a northeasterly trending zone of gold mineralization and indications of supergene enrichment. To date geological mapping has documented numerous areas of artisanal bedrock mining operations hosted within shallow dipping garnetiferrous, quartzo-feldspathic and biotitic gneisses, scattered over a surface area of 14 square kilometres in the east-central portion of the Morogoro property. Mapping and sampling is ongoing as part of the Phase 1 exploration program.
Gold mineralization identified to date at Morogoro occurs in the form of multiple narrow (10 cm to 50 cm) foliation parallel quartz veinlets and /or silicified zones containing fine visible gold. Samples from individual mineralized intervals from the active workings returned values ranging from 0.50 to 177.50 grams gold per tonne, and samples of selected ore delivered by local miners for processing contained an average of 25.20 grams gold per tonne. A sample of the tailings produced by the artisanal mining process assayed 3.39 grams per tonne.
The planning and execution of the exploration and quality control programs at the Morogoro project are under the very able direction of Andrew Lee Smith, P.Geo., Canaco's Chairman and CEO, an experienced mining professional who has brought a number of gold mines into production.
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About Douglas Lake Minerals, A Royalty-Based Company
Our vision at Douglas Lake Minerals is to focus on exploring and developing gold, copper, nickel, uranium and diamond mining opportunities in Tanzania, a country with vast amounts of undeveloped mineral-rich natural resources. We are exploring and developing our large portfolio of prospecting concessions through royalty-based joint venture partnerships. Our strategy is to provide investors with considerable upside potential while minimizing future shareholder dilution through our royalty partnerships (www.douglaslakeminerals.com).
NOTE: No Exchange has either approved or disapproved the information contained herein. This news release many contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and risk factors beyond its control; and actual results may differ materially from expected results. The Company will not update forward-looking statements as conditions change. Factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's quarterly and other periodic filings with the SEC.