Douglas Lake Minerals Inc DLKM

Douglas Lake Intersects Numerous Gold Bearing Zone

[nervous_norris]

Douglas Lake Intersects Numerous Gold Bearing Zones Including Visible Gold During the First Phase of Drilling at Magambazi and Kwandege Targets
VANCOUVER, BRITISH COLUMBIA, Sep 12, 2011 (Marketwire via COMTEX) -- Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") DLKM -2.58%  is pleased to provide an update on drilling progress and in hand, verified, gold assay results on its Kwandege and Magambazi East targets.
As part of an ongoing exploration program on the Company's four Handeni license areas covering approximately 800 square kilometer, Douglas Lake embarked upon a diamond drilling program of 5000 meters on the Magambazi East and 5000 meters on the Kwandege properties respectively. Designed as a drilling program to test geochemical and geophysical targets, the Company is pleased to announce that the initial approximately 1254 meters drilled on the Kwandege target and the approximately 646 meters drilled on the Magambazi East target has more than fulfilled expectations.
Magambazi (Handeni East)
Two drill holes have been completed on the Magambazi East target, MZD-01 and MZD-02, and verifiable assay results have been received for MZD-01. Results for MZD-02 are still pending. MZD-01 is located 330 meters ESE (east southeast) of Canaco's eastern borderline and is part of our approximately 800 meter long geophysical and geochemical anomaly with an ESE strike direction and appears to be an extension from Canaco's anomaly on Magambazi Hill. Potential mineralized zones with thicknesses of 59.1 meters and 65.8 meters, respectively, were intersected within less than 37 meters from surface in both drill holes. Anomalous gold was encountered in MZD-01 over a 10 meter thick zone, within 33.5 to 43.5 meters, with single values of up to 26 g/t and 12.3 g/t in 0.5 meter sampled intersections.
Kwandege (Handeni West)
To date, 6 holes (KW1-01, KW1-03, KW1-04, KW1-05, KW2-01 and KW2-02) have been completed on the Kwandege target and verifiable assay results have been received for 3 of these holes. All of the drilled holes intersected the potential mineralized zone within approximately 55 meters from surface, indicating that the parameters used to determine drill positions in an area of on average 14 meter thick soil cover is successful. The drill holes, designed to intersect the mineralized zone at a 90 degree angle, were spaced along a target zone striking over 1.5 kilometers approximately WNW-ESE. Anomalous gold values and/or visible gold were intersected in all holes defining the extent of the gold anomaly. The highest single gold values intersected (over sample intervals of 0.5 meters in each case) in KW1-01 were 0.7 g/t (within 36 to 42.5 meters), 1.93 g/t (within 68 to 75.5 meters), and 0.93 g/t (within 80 to 84.5 meters). In KW1-04 the values were 1.07 g/t (within 90.1 to 92.2 meters) and 1.57 g/t (within 109.55 to 115 meters) respectively. KW1-05 yielded the best results of assayed Kwandege holes with 3.68 g/t (within 10.5 to 28.5 meters) as well as 3.2 g/t (within 48.5 to 58 meters). Visible gold was intersected at 134.3 meters in KW2-01 (assays still pending). The mineralogy of geological units encountered is typical of those associated with gold mineralization in the Handeni region.
"The fact that we have had such good intersections with the limited amount of drilling conducted to date on non-outcropping targets is indicative of the applicability of our exploration parameters as well as the enormous potential of our targets," says Dr. Reyno Scheepers, President of Exploration and Managing Director of DLM (Tanzania) Ltd. "Based on these results our drilling program will be continuously adapted in order to yield the maximum benefit in terms of information obtained," he continued.
"The intersection of visible gold at 134.3 meters on our Kwandege target (Handeni West) plus the initial anomalous gold values of up to 26 g/t at Magambazi (Handeni East) are indeed remarkable," says Dr. Douglas Boateng, CEO of Douglas Lake. "The exciting thing for us is that Kwandedge and Magambazi are just 2 out of the 12 high potential targets within our 100% owned 800 square kilometer property. It reaffirms our strategy to primarily focus on Handeni, a region, which in our view, is continuously exceeding our expectations," Boateng continued.
Douglas Lake utilizes strict international industry standard QA/QC protocol with respect to sampling and independent laboratory procedures. The planning, execution, and monitoring of the Company's quality control and quality assessment programs are under the supervision of Dr. R. Scheepers, a director of the Company and a Qualified Person as defined by Canadian National Instrument 43-101. SRK has been appointed to monitor all QA/QC parameters related to the Company's drilling program and sampling procedures.

[bullboarder7]

"Potential mineralized zones with thicknesses of 59.1 meters and 65.8 meters, respectively, were intersected within less than 37 meters from surface in both drill holes. Anomalous gold was encountered in MZD-01 over a 10 meter thick zone, within 33.5 to 43.5 meters, with single values of up to 26 g/t and 12.3 g/t in 0.5 meter sampled intersections."

[Yukon_Cornelius]

Alright.. Okay.. out of the gate.. additional results should flow on a regualar basis going forward.Congrats Douglas Team for getting there- and ON time! Godspeed going forward with more better and steady reports.