Douglas Lake Minerals, Inc. (DLKM) Issues Update on Tanzania Gold Project
Seeking Alpha Analyst Since 2008
Douglas Lake Minerals, Inc., an emerging mineral exploration company focusing on mining opportunities in Tanzania, yesterday updated shareholders on its exploration efforts at its wholly owned Handeni gold project.
The company is currently exploring four contiguous prospecting licenses totaling 800 square kilometers. Douglas Lake conducted and completed ground geophysical exploration work focused on two areas that the company plans on diamond drilling this year.
Douglas Lake said it recently completed a ground IP (Induced Polarization/Resistivity) geophysical survey to extract modeling and interpretation of the geophysical data.
At present, the strong geophysical anomalies at both areas continue off the originally planned survey areas; the company is now preparing the areas for an expanded IP work program, as well as a ground Electromagnetic (EM) survey that will help the company define the very high chargeability response.
“These results are allowing us to further define and understand the complex structures in the area,” Craig Alford, PGeo, vice president of Exploration stated in the press release. “We are very pleased by the results to date and are now engaged in locating the best potentially mineralized areas for drill targets.”
Douglas Lake’s aggressive exploration program includes geochemical sampling, geologic mapping, soil grid surveys, ground magnetics, Electromagnetic and IP/Resistivity geophysical surveys, as well as a planned new airborne survey and an extensive diamond drilling program.
For more information visit douglaslakeminerals.com
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