Douglas Lake Minerals Inc DLKM

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Douglas Lake Commences Exploration Program on the Handeni Claims
Feb 17, 2011 12:17:01 (ET)
SURREY, BC, Feb 17, 2011 (MARKETWIRE via COMTEX) -- Douglas Lake Minerals Inc. / DOUGLAS LAKE COMMENCES EXPLORATION PROGRAM ON THE HANDENI CLAIMS Processed and transmitted by Thomson Reuters. The issuer is solely responsible for the content of this announcement.
Vancouver, British Columbia, February 17, 2011 -- Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (/us.etrade.com/e/t/invest/quotesandresearch?qmenu=2&prod=DLKM:US:EQ_1";return this.s_oc?this.s_oc(e):true" style="color: rgb(0, 51, 153); text-decoration: none; ">DLKM, /us.etrade.com/e/t/applogic/OrderForm?Symbol=DLKM_1";return this.s_oc?this.s_oc(e):true" style="color: rgb(0, 51, 153); text-decoration: none; ">Trade ) is pleased to announce it has commenced its 2011 exploration activities on its 100% owned prospecting licenses in the Handeni area of eastern Tanzania. The company has four contiguous licence areas that total 800 square kilometers in size which surround and are adjacent to the 200 square kilometer Handeni project of Canaco Resources which contains the high grade gold discovery at Magambazi.
Currently exploration work is focused at Magambazi Southeast and at Kwandege, which are two of the twelve target areas identified from the previous two phases of exploration conducted over the large land holding. At present new soil and rock collecting programs are underway and new detailed geophysical surveys will commence shortly.
Work to date over the Magambazi Southeast area has included a ground magnetic survey and the collection of soil samples on a detailed grid that started at the Magambazi Hill and proceeded to the east. This area is also the site of extensive artisanal workings which originally drew exploration interest to the area. The ground magnetic survey was conducted on East-West lines spaced 100m apart. Readings were taken every 50m along the lines. The survey clearly confirmed the Northwest-Southeast structural grain of the underlying terrane. The soil sampling program effectively outlined a broad area of anomalous gold on the Douglas Lake ground which suggests that this area is the direct extension of the Magambazi gold mineralization southeast from the main zone where Canaco has had excellent drill results. Gold values within the soil reached up to 4 g/t.
At present assays from a number of rock samples collected from the area are pending. The observed rock units in the direct area were biotite-gneiss, biotite-garnet-gneiss, and garnet-amphibolite gneiss. Samples were also collected from a series of quartz veins located within sub parallel shear zones trending approximately NW-SE. The rock units are extremely similar to those observed at the main Magambazi gold zone.
The Kwandege target, which occurs approximately 14 kilometers southwest of the Magambazi mineralization, has also been the focus of intense artisanal gold workings over an area measuring approximately 1 kilometer long and 500m wide. Gold is hosted within siliceous sheared amphibolites at Kwandege.
The previous geophysical and reconnaissance soil work described in the Douglas Lake NI 43-101 Technical Report revealed that the area covered by the Kwandege gold workings were only a small part of a much larger Northwest-Southeast striking geochemical and geophysical target that measures over 3 kilometers in strike length.
Currently, a more detailed soil sampling program is underway at Kwandege which will examine an area slightly over 6 square kilometers in extent. A number of soil profiles will be extended to the south to investigate another anomalous gold trend southwest of Kwandege. An Induced Polarization (I.P.) geophysical survey is to be conducted at Kwandege shortly.
Douglas Lakes' 2011 exploration program will include further airborne surveys, soil and rock sampling, and geologic mapping of several of its other known gold targets. A larger permanent camp is being established to provide support for the exploration activities and a planned drill program.
The exploration program is being supervised by Craig Alford, P.Geo. Vice- President Exploration, a Qualified Person as defined by National Instrument 43-101.
About Douglas Lake The Company is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania. For more information, go to /www.douglaslakeminerals.com/_1";return this.s_oc?this.s_oc(e):true" style="color: rgb(0, 51, 153); text-decoration: none; ">www.douglaslakeminerals.com .