Douglas Lake Minerals Inc DLKM

Grades that CAN hit for their boost

[nervous_norris]

I'm looking at two press releases, May 3, 2010 and July 12, 2010.  May 3rd the stock finally left the below a dollar range.  After July's news, it headed for the $6.00's.  The July grades certainly were impressive.
May 03, 2010
Canaco Drills 21.7m Grading 6.79 Grams Gold Per Tonne and 21.2m Grading 4.80 Grams Gold Per Tonne at Magambazi Central, Extending the Magambazi Gold Zone Over 200m to the North

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 3, 2010) - Canaco Resources Inc. (TSX VENTURE:CAN) is extremely pleased to announce exciting new intercepts from Magambazi Central and Magambazi located at the Company's Handeni Gold Project in the Handeni region of the United Republic of Tanzania. Extensional drilling 240m north of previously reported drilling conducted at Magambazi (refer to our Press Release dated March 8, 2010) has intersected high gold grades over large widths; including:
21.7m @ 6.79g/t Au, including 9.5m @ 12.75 g/t Au (MGZD0045); and
21.2m @ 4.80g/t Au, including 11.0m @ 7.90 g/t Au (MGZD0043).
July 12, 2010
Canaco Intersects 37m at 12.45 Grams Per Tonne Gold at Magambazi Including 23m at 19.14 Grams Per Tonne Gold-More Results to Come

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2010) - Canaco Resources Inc. (TSX VENTURE:CAN) is pleased to announce new gold results of 37 metres at 12.45 g/t Au, including 23m at 19.14 g/t Au (MGZD066), from Magambazi, at the Company's Handeni Gold Project in the Handeni region of the United Republic of Tanzania.
This compelling high-grade intercept with an approximate true width of 30 metres in MGZD066, confirms the presence of a core of thick, high-grade gold mineralization as a component of Magambazi Main Lodes. Further drilling will now be prioritized to test the northern extension of this high-grade core, between Magambazi and Magambazi Central.

[baconmaker]

Nervous.Love your post. Hope DLKM reacts similarly. I guess from my perspective, the OTC is not as transparent as the TSXV, along with the much larger share position, and also if the insiders keep dumping their 5 and 7.5 cent paper -- so that might hold us back..On the flip side, OTC stocks have greater access to US investors, so there could be way more new investors flooding in to buy..Bacon

[JJ40]

Thanks NN. That was helpful to see. I'm not expecting fireworks tomorrow, or anything close to it. It will be nice to hopefully get some results. USUALLY, rumor and expectations on results would result in increased buying and a little SP rise. Instead we had really volume. Absolutely NO momentum right now. Maybe this conference will get our story out there a little more and increase

[Yukon_Cornelius]

Cautiously is the way to proceed. I HOPE we get the results tomorrw, as was mentioned last month. I am a tad concerned that they will not be announcing them as we expect. This is based on the wording of the news about the conference. Hopefully my doubt is unfounded. We'll know soon enough.

[JJ40]

I noticed the vague language as well Yukon. Just a few hours until we find out. Good night and good luck!