Douglas Lake Minerals' Mkuvia Project averages assay results of 1.60 grams of gold per cubic meter
Ticker Symbol: U:DLKM
DARES SALAAM, TANZANIA, Feb. 10 /PRNewswire-FirstCall/ - Harp Sangha,CEO/President of Douglas Lake Minerals Inc. (DLKM-OTCBB /Frankfurt-D60.F www.douglaslakeminerals.com)announces the results from the analytical assessment of 129 bulksamples from the Company's wholly-owned Mkuvia Alluvial Gold Project -at 1.6 grams of gold per cubic meter.
"We are thrilled that ourFebruary results of 1.6 grams per cubic meter exceed our expectations,as the economic cut-off grade for Mkuvia is 0.20 grams," stated HarpSangha. "The sampling of the Mkuvia alluvials took place in December,2008 and was conducted by our Douglas Lake Tanzanian field crews. Itconsisted of a total of 129 measured 0.1 cubic metre samples ofgold-bearing sand, and/or conglomerates. These samples were processedin the field to produce heavy mineral concentrates. These heavy mineralconcentrates were split with a fraction of the concentrate generatedfrom each sample, and then shipped to Eco-tech Laboratories in BritishColumbia for analysis". Details of the assay data from the MkuviaProject can be viewed on Douglas Lake's website at www.douglaslakeminerals.com/mkuviaresults.html
Thesebulks sample results were derived as part of the same sampling programthat confirmed that the Mkuvia project concentrates also containsignificant amounts of platinum (see press release dated December 22,2008). The analytical results from the assaying of the "splits"(fractions of the total concentrates recovered from individual samples)have been applied to total concentrate volumes to calculate gold gradesper cubic metre. It should also be noted that the average gold grade inthe conglomerates, which is the primary mining target, is 2.6 grams percubic metre. The 2.6 grams is significantly higher than the averagegrade of the samples tested.
During the past six months, DouglasLake's ongoing exploration program has indicated a gold mineralizationarea of 6 km. by 29 km. by 10 meters in depth of approximately 1.74billion cubic meters. Significant values of platinum, uranium andthorium have also been found, which should add to the economic value ofthe property. The mineralized area remains open for increases in goldmineralization in length, width and depth. Currently, there are anadditional 225 samples in for assay testing and the Company willrelease results as they are completed and assessed by our seniorgeologists.
Since purchasing 100% of the Southeastern TanzaniaMkuvia Project in June 2008, Douglas Lake's management has believed thefour prospecting licences have the potential to become a world-classalluvial gold producing mine not unlike the Witwatersrand Gold Rush of1886 that led to the establishment of Johannesburg, South Africa.
Aftera brief Christmas hiatus and as the January rainy season ends,exploration work has commenced again. The Company cautions investorsthat ongoing sampling is required to ascertain a true average grade andfully assess the property's potential.
ABOUT OUR STRATEGIC PARTNER
Ourstrategic partner TIGMR, is a subsidiary of the China GeologicalSurvey, a department of the Chinese Ministry of Land and Resources. TheInstitute assists the Chinese government with special geologicalprojects conducted in China and throughout the world and has achievednumerous earth science accomplishments. Website https://old.cgs.gov.cn/Ev/about/cags/tianjin.htm
ABOUT DOUGLAS LAKE
DLKMis an emerging mineral exploration company focused on exploring anddeveloping mining opportunities in Tanzania. The company has a largeportfolio of gold, copper, nickel, uranium and diamond prospectinglicenses. www.douglaslakeminerals.com
Thisrelease contains forward-looking statements, which involve risks anduncertainties. Complete forward-looking statement available at www.douglaslakeminerals.com/forwardlooking.html
Douglas Lake Minerals
CONTACT: Investor Relations, Pacific IR Corp., 415-119 W. Pender St.,
Vancouver, BC, V6B 1S5, Tel: (604) 734-7026, Toll free: 1-866-734-7026,
Email: jd@douglaslakeminerals.com