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Bullboard - Stock Discussion Forum Douglas Lake Minerals Inc DLKM

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Douglas Lake Minerals Inc > News- Drill Progress Update
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Post by Yukon_Cornelius on Nov 04, 2011 9:37am

News- Drill Progress Update

Douglas Lake Releases Drilling Progress Update on Their Kwandege Target
Douglas Lake Minerals Inc.
DLKM | 11/4/2011 8:00:28 AM
Douglas Lake Releases Drilling Progress Update on Their Kwandege Target

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2011) - Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (OTCBB:DLKM) is pleased to announce that 54% of the first phase of the Kwandege drilling program has been completed on November 1, 2011 end of 19h00 shift.

"Despite the fact that we have been operating in a challenging environment over the past six weeks due to the extraordinarily heavy rains characterising this year's short rainy season in Tanzania, we have maintained momentum," stated Dr. Reyno Scheepers, COO of Douglas Lake Minerals. "We are furthermore excited about establishing the ability to prepare samples for gold assay in an ISO certified environment as part of our goal to drastically reduce assay result turn-around time."

Kwandege is the second of two DLKM targets currently being drilled in the Handeni district, Tanzania.

To view the figures associated with this release, please visit the following link: https://media3.marketwire.com/docs/1104dlkm_figs.pdf

The company has drilled 2700 meters of the planned 5000 meters (54%) diamond core drilling at Kwandege. Eighteen (18) of the envisaged 35 holes are completed, hole 20 currently being drilled (Fig. 2). A total of 3529 samples from Kwandege have been submitted to SGS laboratories and 511 samples to ALS laboratories (Mwanza, Republic of Tanzania) for gold (Au) assays.

To view the figures associated with this release, please visit the following link: https://media3.marketwire.com/docs/1104dlkm_figs.pdf

Seventeen (17) holes were drilled on the Kwandege resistivity low (main anomaly) and three (3) on the high chargeability (secondary) anomaly. The geological unit associated with possible high gold mineralization on the main anomaly is garnet amphibolite gneiss with the greatest concentrations of gold being associated with sulphides and quartz veining, shear zones as well as a sheared contact between garnet amphibolite gneiss and felsic gneiss. Drill-hole data is represented in Table 1.

Holes drilled on the chargeability (secondary) anomaly are highly enriched in sulphides with occasional gneissic intervals.

Douglas Lake Minerals is currently responding to the backlog in analytical results and slow drilling rate by:

  1. Engaging a second accredited laboratory for sample preparation followed by gold assay analyses outside of the Republic of Tanzania.
  2. Importing a mobile sample preparation unit to be managed by an accredited and certified international laboratory.
  3. Engaging a third dual purpose (Reverse Circulation and diamond core) drill rig expected to be on site by November 15th 2011.

These steps will ensure timely analytical results from our current drilling program as well as prepare the company to be independent as far as sample preparation is concerned for our future drilling programs on the Handeni property.

No. Hole No. Easting Northing Elevation Azimuth Dip E.O.H.
(m)
Amphibolite
Thickness
1 KW1/01 378196 9357806 575 025° -50 250.50 81.50
2 KW1/02 378172 9357759 580 025° -50 48.90 n.c.
3 KW1/03 378149 9357986 580 090° -50 160.10 91.9
4 KW1/04 378144 9357889 585 035° -50 157.90 41.5
5 KW1/05 378302 9357778 583 025° -50 157.00 116.3
6 KW1/06 378384 9357850 597 025° -50 143.90 74.3
7 KW2/01 379146 9357747 586 025° -50 160.00 103
8 KW2/02 379080 9357804 599 025° -50 202.50 36.1
9 KW2/03 379164 9357845 600 025° -50 148.50 54
10 KW2/04 379183 9357930 593 025° -50 178.4 39.5
11 KW2/05 379120 9357658 598 025° -50 160.00 44
12 KW3/01 379105 9356553 561 0 90 219.01 5.7
13 KW3/02 378981 9356160 586 0 90 97.70 3
14 KW3/03 378900 9355848 605 0 90 101.00 0
15 KW4/01 378942 9357783 594 025° -50 108.70 41.7
16 KW5/01 378835 9357776 585 025° -50 56.60 10.4
17 KW6/01 378731 9357779 573 025° -50 103.90 32.4
18 KW6/02 378770 9357871 575 025° -50 141.60 10.4
19 KW7/01 378679 9357786 559 025° -50 103.40 52
20 KW1/07 378461 9357929 569 025° -50 n.c.
Total metres drilled 2699.61 763.4
n.c. = not completed.

Table 1: Summary of Kwandege drilling progress indicating metres drilled and thickness of potential gold bearing garnet amphibolite gneiss intersected.

A drill progress update on the Douglas Lake Minerals Magambazi target will be released shortly.

Comment by AU_NB on Nov 04, 2011 12:56pm
Thanks Yukon.  Certainly looks like they are intent on releasing certified results as soon as possible.  Wonder if there is any specific motivation.
Comment by Yukon_Cornelius on Nov 04, 2011 2:21pm
I think and hope you're right AU. We're long overdue for the next round of assay results. Though I've heard the backlog over there is pretty substantial with all the drilling happening. Maybe we'll get something in the next couple weeks and this served as an appetizer.
Comment by Specboy20II on Nov 07, 2011 10:18pm
Pump here???
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