RE: Psych....LOL (THE NR)
Douglas Lake Minerals Announces Mbwemkuru's First Gold Mineralization Grade Results
Wednesday June 11, 9:51 am ET
VANCOUVER, June 11 /PRNewswire-FirstCall/ - Harp Sangha, CEO/President of Douglas Lake Minerals Inc. (DLKM-OTCBB), announced today that on a recent visit in mid May to the Mbwemkuru Alluvial Gold Property, six random soil samples were taken and the locations recorded by GPS. This was done to immediately to begin building a database of gold grades throughout the property.
While this was a small number of samples, it confirms management's belief that the size and grade of this deposit has the potential for production, and could potentially be a world-class deposit.
SAMPLE GRADE RESULTS
These samples were prepared and reported by Echo Tec Laboratories Limited - ICP certificate of analysis AK 2008-0657.
- MAH 1: 79.60 g/t (grams per tonne) - MAH 2: 408.30 g/t - MAH 3: 32.65 g/t - MAH 4: 3.90 g/t - MAH 5: 0.70 g/t - MAH 6: 43.50 g/t - Overall Average: 94.77 g/t ALLUVIAL GRADES
Alluvial grades are measured in grams per cubic metre with a conservative ratio being 1:1 for grams per cubic meter to grams per tonne. Management consulted with Met Solve Laboratories of Burnaby, British Columbia, Canada. Dry hard-packed sand would give a 1.7 to 1.0 ratio, whereby 79.60 g/t would be equivalent to 135.32 grams per cubic meter.
"The Mbwemkuru Project appears to be profitable alluvial production at 0.5 grams per cubic meter, however these sample grades released today are much higher than expected. I would caution shareholders that this is a small sample size and may not be representative of average grades throughout the entire property. This being said, Management continues to gain enthusiasm with regards to the potential size of the deposit and the future profitability of a mining operation." Stated Harp Sangha, CEO/President
This release contains forward-looking statements, which involve risks and uncertainties. Complete forward-looking statement available at www.douglaslakeminerals.com/forwardlooking.html
CONTACT: Pacific IR Corp., 415-119 W. Pender St., Vancouver, BC, V6B 1S5, Tel: (604) 734-7026, Toll free: 1-866-734-7026, Email: info@pacificircorp.com