RE: Thar be diamonds in them hills.Just wanted to clarify what Toby just said, this is a DLKM property, not a Canaco property. Canaco has an exploration option. As per the press release:
Canaco's exploration at Magembe is being conducted under the terms of an option
agreement with Douglas Lake Minerals, whereby Canaco can earn 75-per-cent interest
in the property through cash and share payments and spending $2.5-million (U.S.)
in exploration expenditures over four years (see news in Stockwatch on March 9, 2007).