VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2011) - Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (OTCBB:DLKM) is pleased to announce that 54% of the first phase of the Kwandege drilling program has been completed on November 1, 2011 end of 19h00 shift.
"Despite the fact that we have been operating in a challenging environment over the past six weeks due to the extraordinarily heavy rains characterising this year's short rainy season in Tanzania, we have maintained momentum," stated Dr. Reyno Scheepers, COO of Douglas Lake Minerals. "We are furthermore excited about establishing the ability to prepare samples for gold assay in an ISO certified environment as part of our goal to drastically reduce assay result turn-around time."
Kwandege is the second of two DLKM targets currently being drilled in the Handeni district, Tanzania.
To view the figures associated with this release, please visit the following link: https://media3.marketwire.com/docs/1104dlkm_figs.pdf
The company has drilled 2700 meters of the planned 5000 meters (54%) diamond core drilling at Kwandege. Eighteen (18) of the envisaged 35 holes are completed, hole 20 currently being drilled (Fig. 2). A total of 3529 samples from Kwandege have been submitted to SGS laboratories and 511 samples to ALS laboratories (Mwanza, Republic of Tanzania) for gold (Au) assays.
To view the figures associated with this release, please visit the following link: https://media3.marketwire.com/docs/1104dlkm_figs.pdf
Seventeen (17) holes were drilled on the Kwandege resistivity low (main anomaly) and three (3) on the high chargeability (secondary) anomaly. The geological unit associated with possible high gold mineralization on the main anomaly is garnet amphibolite gneiss with the greatest concentrations of gold being associated with sulphides and quartz veining, shear zones as well as a sheared contact between garnet amphibolite gneiss and felsic gneiss. Drill-hole data is represented in Table 1.
Holes drilled on the chargeability (secondary) anomaly are highly enriched in sulphides with occasional gneissic intervals.
Douglas Lake Minerals is currently responding to the backlog in analytical results and slow drilling rate by:
- Engaging a second accredited laboratory for sample preparation followed by gold assay analyses outside of the Republic of Tanzania.
- Importing a mobile sample preparation unit to be managed by an accredited and certified international laboratory.
- Engaging a third dual purpose (Reverse Circulation and diamond core) drill rig expected to be on site by November 15th 2011.
These steps will ensure timely analytical results from our current drilling program as well as prepare the company to be independent as far as sample preparation is concerned for our future drilling programs on the Handeni property.
| No. |
Hole No. |
|
Easting |
|
Northing |
|
Elevation |
|
Azimuth |
|
Dip |
|
E.O.H.
(m) |
|
Amphibolite
Thickness |
|
| 1 |
KW1/01 |
|
378196 |
|
9357806 |
|
575 |
|
025° |
|
-50 |
|
250.50 |
|
81.50 |
|
| 2 |
KW1/02 |
|
378172 |
|
9357759 |
|
580 |
|
025° |
|
-50 |
|
48.90 |
|
n.c. |
|
| 3 |
KW1/03 |
|
378149 |
|
9357986 |
|
580 |
|
090° |
|
-50 |
|
160.10 |
|
91.9 |
|
| 4 |
KW1/04 |
|
378144 |
|
9357889 |
|
585 |
|
035° |
|
-50 |
|
157.90 |
|
41.5 |
|
| 5 |
KW1/05 |
|
378302 |
|
9357778 |
|
583 |
|
025° |
|
-50 |
|
157.00 |
|
116.3 |
|
| 6 |
KW1/06 |
|
378384 |
|
9357850 |
|
597 |
|
025° |
|
-50 |
|
143.90 |
|
74.3 |
|
| 7 |
KW2/01 |
|
379146 |
|
9357747 |
|
586 |
|
025° |
|
-50 |
|
160.00 |
|
103 |
|
| 8 |
KW2/02 |
|
379080 |
|
9357804 |
|
599 |
|
025° |
|
-50 |
|
202.50 |
|
36.1 |
|
| 9 |
KW2/03 |
|
379164 |
|
9357845 |
|
600 |
|
025° |
|
-50 |
|
148.50 |
|
54 |
|
| 10 |
KW2/04 |
|
379183 |
|
9357930 |
|
593 |
|
025° |
|
-50 |
|
178.4 |
|
39.5 |
|
| 11 |
KW2/05 |
|
379120 |
|
9357658 |
|
598 |
|
025° |
|
-50 |
|
160.00 |
|
44 |
|
| 12 |
KW3/01 |
|
379105 |
|
9356553 |
|
561 |
|
0 |
|
90 |
|
219.01 |
|
5.7 |
|
| 13 |
KW3/02 |
|
378981 |
|
9356160 |
|
586 |
|
0 |
|
90 |
|
97.70 |
|
3 |
|
| 14 |
KW3/03 |
|
378900 |
|
9355848 |
|
605 |
|
0 |
|
90 |
|
101.00 |
|
0 |
|
| 15 |
KW4/01 |
|
378942 |
|
9357783 |
|
594 |
|
025° |
|
-50 |
|
108.70 |
|
41.7 |
|
| 16 |
KW5/01 |
|
378835 |
|
9357776 |
|
585 |
|
025° |
|
-50 |
|
56.60 |
|
10.4 |
|
| 17 |
KW6/01 |
|
378731 |
|
9357779 |
|
573 |
|
025° |
|
-50 |
|
103.90 |
|
32.4 |
|
| 18 |
KW6/02 |
|
378770 |
|
9357871 |
|
575 |
|
025° |
|
-50 |
|
141.60 |
|
10.4 |
|
| 19 |
KW7/01 |
|
378679 |
|
9357786 |
|
559 |
|
025° |
|
-50 |
|
103.40 |
|
52 |
|
| 20 |
KW1/07 |
|
378461 |
|
9357929 |
|
569 |
|
025° |
|
-50 |
|
|
|
n.c. |
|
|
|
|
|
|
|
|
Total metres drilled |
|
|
|
2699.61 |
|
763.4 |
|
|
|
|
|
|
|
|
n.c. = not completed. |
|
|
|
|
|
|
|
Table 1: Summary of Kwandege drilling progress indicating metres drilled and thickness of potential gold bearing garnet amphibolite gneiss intersected.
A drill progress update on the Douglas Lake Minerals Magambazi target will be released shortly.