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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Post by smartermoney1on Apr 20, 2011 10:03am
472 Views
Post# 18460073

NEWS!

NEWS!
10,000 Meter Drilling Contract Signed by Douglas Lake for Handeni
Douglas Lake Minerals Inc
DLKM | 4/20/2011 8:00:08 AM
VANCOUVER, BRITISH, Apr 20, 2011 (Marketwire via COMTEX News Network) --

Douglas Minerals Inc. (the "Company" or "Douglas Lake") (OTCBB:DLKM) is pleasedto announce that is has signed a 10,000 meter drill contract with LayneDrilling Ltd. of Mwanza, Tanzania to carry out a diamond core drillprogram at its Handeni Project in Tanzania. Layne has extensiveexperience drilling at various sites throughout Tanzania enabling it todevelop an excellent understanding of the region's ground and climaticconditions.

Drilling will focus on at least three of the twelvemineralization targets within the 800 square kilometer license area.Currently, drilling is planned for the high priority Magambazi zones,the Kwandege gold target, and the large Masala NW-SE structure. Twodrill rigs are expected to begin drilling in June following a number ofgeophysical and geochemical surveys and site preparation. It is expectedthat drill holes will vary in depth from 100 to 300 meters. DouglasLakes' 100%-owned Handeni property is strategically located adjacent toCanaco Resources Inc.'s Magambazi gold find in Tanzania.

"We arevery pleased to complete this contract with Layne," comments HarpSangha, CEO of Douglas Lake. "We anticipate this to be one of DouglasLakes' most exciting years as we will be executing our own drill programon targets we have identified as highly prospective. We have expandedour geologic team and are currently fast tracking several of thesetargets to drill readiness."

Qualified Person and Quality Control

CraigAlford, P.Geo., Douglas Lake's Vice President of Exploration serves as aQualified Person under the definition of National Instrument 43-101.Quality assurance and quality control procedures will include thesystematic insertion of blanks, standards, and duplicates into thesample stream.

SM

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