VANCOUVER, British Columbia, Dec. 14, 2006 (PRIME NEWSWIRE) -- Harp Sangha, CEO / President of Douglas Lake Minerals Inc. (OTCBB:DLKM), announced further details on the company's progress of Phase 1 diamond drilling at the DLKM's 150 square kilometre Tanzanian Morogoro property.
"The presence of multi-gram gold values within host rocks, in addition to visible gold we found in the high grade vein structures, is really encouraging. Investors can view photos of this visible gold on our website on the Morogoro Drill Program page in the Property Section at www.douglaslakeminerals.com/properties.html," said Harp Sangha, CEO / President of Douglas Lake Minerals Inc. "This all confirms the potential for the discovery of a near-surface bulk mineable gold deposit at Morogoro."
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Chip Sampling Results Very Promising
Chip sampling of bedrock trench walls created through the artisanal workings is ongoing and is being completed with the objective of indicating the distribution of gold throughout near-surface section, and the presence of gold in different lithologies.
A total of 54 samples have been assayed from this work from 16 different trench chip samples. The chip samples were collected by hand on vertical walls beginning at surface and sampling the entire vertical section of the exposed bedrock. Wherever possible samples were collected from discrete lithological units using maximum sample widths of one metre. The cumulative length of the geology sampled at any one location ranged from 1.1 to 5.1 metres in vertical section.
Six of the 54 samples consisted of vein material from narrow structures which varied in width from 2 cm to 40 cm and returned values ranging from trace to 213.2 grams gold per tonne. This latter high-grade value having been returned from workings described for the first time from the newly acquired Morogoro North property. All of the remaining samples were comprised of variations of the bulk host lithology of garnetiferrous, biotitic gneiss. Seven out of these 48 samples returned gold values greater than 0.5 grams gold per tonne and ranged from 0.62 to 20.71 grams gold per tonne. These elevated values are associated with shearing, alteration and the presence of quartz.
Of the 16 chip samples taken at surface, four have returned average values greater than 1 gram gold per tonne over the entire sampled width with values ranging from 1.30 gAu/t over 1.2 meters to 9.56 gAu/t over 3.0 meters.
More than 20 Drill Holes Completed Totaling 2,000 Plus Metres
To date more than 20 drill holes totaling 2,000 plus metres have been completed on four different target areas. A total of 500 metres remain to be completed. The Phase One Program has been designed to establish a geological context for the unusual setting of gold mineralization in high-grade metamorphic rocks described from the Morogoro property. Six target areas have been designated for investigation with the 24 square kilometre area outlined by artisanal mining activity to date; the Central (CZ), East (EZ), West (WZ) and North (NZ) target areas. Drill core is being sampled at the Morogoro camp and shipped to SGS Laboratories in Mwanza for preparation and analysis.
The planning and execution of the exploration and quality control programs at the Morogoro project are under the direction of our joint-venture partner's Chairman and CEO, Andrew Lee Smith, P.Geo. Mr. Smith is a qualified mining person as defined by National Instrument 43-101.
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.