DLKM.ob - Wie Phoenix aus der Asche? - 500 Beiträge pro Seite (Seite 2)

[Popeye82]

Douglas Lake Signs an Agreement on the Mkuvia Project - Nov 09, 2009
www.marketwire.com/press-release/Douglas-Lake-Minerals-Inc-O…

"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2009) - Douglas Lake Minerals Inc. (the "Company") (OTCBBLKM) (FRANKFURT6O) is pleased to announce that it has signed an Agreement with Ruby Creek Resources, Inc. ("Ruby Creek") with respect to the Company's Mkuvia Alluvial Gold Project.

Under the terms of this Agreement, the Company and Ruby Creek have entered into a Joint Venture that will cover 125 square kilometers of the Company's 380 square kilometer Mkuvia property. Ruby Creek will earn a 70 percent interest of the 125 square kilometers by making payments totaling $3,000,000 within three years of the Closing transaction, where the Closing transaction is expected to occur shortly after the 90 day due diligence period by Ruby Creek. The Agreement provides that Ruby Creek will make payments to the Company of $100,000 and $150,000 within 5 and 15 business days respectively. On confirmation of a satisfactory Due Diligence, Ruby Creek will make an additional $100,000 payment. On the day of the Closing transaction and receipt of the first mining license, Ruby Creek will make another payment of $400,000 to the Company for a total of $750,000 in payments from Signing to Closing. Ruby Creek will also pay an additional $750,000 payment for a total of $1,500,000 within 12 months of Closing. The Agreement also provides that within 12 months of the Closing transaction, Ruby Creek has the option to increase their interest to 75 percent of the 125 square kilometers by making an additional $1,000,000 payment to the Company. Ruby Creek will make additional payments of $750,000 each within 24 and 36 months of the Closing Transaction. In all cases, the original owner of the prospecting licenses, Mr. Mkuvia Maita, retains a 3 percent Net Smelter Royalty as per the Joint Venture Agreement between Mr. Maita and the Company. Ruby Creek has budgeted $500,000 for its Mining License and Development plan. In addition, Ruby Creek has a development budget of $5,000,000 for the two years following the issuance of the Mining License.

Management from Ruby Creek, along with management from the Company, was on the initial site visit to the Mkuvia property in April 2008. They have followed the development of the property over this time and have been encouraged by the work and results produced thus far. The Company is pleased that its efforts have resulted in a great deal of interest from various groups focused on development of its Mkuvia property.

This Ruby Creek Agreement, covering approximately one third of the Mkuvia property, provides the Company with a non-dilutive source of financing while retaining more than two thirds of the area covered by the 380 square kilometers of its 4 prospecting licenses. The Company is actively pursuing and has initiated discussions with other potential joint venture partners, including the investment group from China mentioned in prior news releases.


About Douglas Lake

The Company is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania. For more information, go to www.douglaslakeminerals.com.(...) "

[Popeye82]

Country Finds Gold in the South - AllAfrica - Nov 22, 2009

- James Mwakisyala -
http://allafrica.com/stories/200911231624.html

"Dar Es Salaam — Tanzania could become the biggest gold producing country in Africa following new discoveries of gold in the most unlikely areas of Lindi and Nachingwea districts in the south of the country.

The first gold joint venture agreement is between a USA firm, Ruby Creek Resources with Douglas Lake Minerals to develop gold mining on a portion of Mkuvia Maita's gold project area is awaiting final touches before mining operations begin next year.

Reports reaching East African Business Week from New York, USA, said a joint venture agreement has been signed with Douglas Lake Minerals Inc. for the right to acquire and develop a portion of the Douglas Lake's Mkuvia Gold Project.

Ruby Creek and Douglas Lake have entered into a joint venture development agreement dated November 7, 2009, covering 125 sq km of the 380 sq km Mkuvia Gold Project located in the south of Tanzania.

Ruby Creek has agreed to purchase a 70% interest for US$3 million in a series of payments over 3 years.

This will be the first gold mining venture to be located in southern Tanzania. Most gold mining is happening in the Lake Victoria zone, Mbeya and Rukwa region, but the south wasn't until now regarded as a potentially gold bearing zone.

Tanzania has become one of the fastest-emerging gold producers in Africa, and is now the continent's third-largest gold-producing country after South Africa and Ghana. Annual production of gold has increased from around 43.2 tonnes in 2002 to about 48.0 tonnes in 2003.

Based on ongoing projects and developing mines, Tanzania's estimated gold reserves have been calculated at a conservative total that is in excess of 36 M oz (1000 t).

In 2003, Tanzania reported a 20% increase in gold exports from US$414 million to US$504 million and accounted for more than 62% of total export revenues, compared with 49% in 2002.

There was a tremendous increase in gold exports which resulted in the signing of another gold-mining contract, this time between the Government of Tanzania and Pangea Minerals Ltd.

Douglas Lake is the latest in a series of gold mining ventures. It established a joint venture on the Mkuvia project area in July 2008, having spent more than $2.1m in the past 16 months of exploration.

Douglas Lake is now in the final stages of applying for their mining license.

Rob Slavik, the president of Ruby Creek, along with the management of Douglas Lake, went on a first site visit to the Mkuvia property in April 2008.

"In April, 2008 while on a tour reviewing resource property opportunities in Tanzania, I had the good fortune to be with Douglas Lake management when we were introduced to the property that came to be known as the Mkuvia Gold Project," Slavik said.

"We observed many artisanal miners having great success recovering gold, using only hand tools in all surface areas of the property that we viewed. Deeper diggings revealed coarser gold. I have continued to follow the progress of the property and have been greatly encouraged by the work and results produced to date."

Douglas Lake has spent more than $2million in the past 16 months in exploration, developing an understanding of the mineralization on a portion of the property, focusing on a relatively small area for mechanized production (about 10 sq km).

Douglas Lake has completed its technical report, reserve estimate, feasibility study and mining plan and is awaiting its environmental impact assessment report and upon receipt will file its first mining license application with approval expected in the first quarter of 2010.

It is anticipated that the second mining license application would be approved in early third quarter of 2010.

Each year since 1998, a new gold mine has been opened in Tanzania. The mines are owned by Resolute Ltd; Ashanti Goldfields in joint venture with AngloGold; Barrick Gold Corp; Placer Dome Inc; Meremeta Ltd; and Pangea Goldfields Inc in joint venture with Miniere du Nord.

AgloGold Ashanti owns 50% of the Geita mine in Tanzania. The mine which started production in August 2000 produced a record 661,045 oz at a cash operating cost of US$170/oz in 2003, compared with 579,043 oz at US$163/oz in 2002. The upgrade of the crushing and leach tank sections of the processing plant was successfully commissioned in the first quarter of 2003 and the capacity of the plant was increased significantly. "


P.S.: Sonderlich begeistert von dem, wahrscheinlichen, Ruby Creek Abkommen bin ich aber, zu den Konditionen, nicht -wobei die auch ziemlich fragwürdig aussehen.

Gruß,
Popeye

[Tsuba]

Tansania Suuuueeed Oder Makonde live


Wer insTollhaus investiert hat, muss mit Wahnsinn rechnen.


"P.S.: Sonderlich begeistert von dem, wahrscheinlichen, Ruby Creek Abkommen bin ich aber, zu den Konditionen, nicht -wobei die auch ziemlich fragwürdig aussehen."

Das ist kongenial zu unserem Darling.



Gruesse auch an Elvira!

Tsuba

23.11.2009

[Popeye82]

Antwort auf Beitrag Nr.: 38.440.759 von Tsuba am 23.11.09 20:04:19

Habe mal wieder geringfügige Interpretationsschwierigkeiten(Elvira) -sehe ich aber ganz genauso.

Gruß,
Popeye

[Popeye82]

Antwort auf Beitrag Nr.: 38.440.759 von Tsuba am 23.11.09 20:04:19

Besagte Ruby Creek Resources sind IMO ein Witz -der Deal dürfte IMO höchstwahrscheinlich platzen. Angeblich sind aber durchaus noch einige andere Parteien(u.a. die chinesische Gruppe) an der (Mit)Entwicklung von Mkuvia interessiert, da wird man schauen müssen -aber nochmal sollten die nicht so einen Witz auftischen.


Das Verhalten generell von DLKM macht auch nicht wirklich einen sehr seriösen Eindruck -was mich auch stört ist, dass sich recht klar abzuzeichnen scheint, selbst wenn sie weitere Abkommen zu Mkuvia abschliessen sooollten, dass der verbleibende DLKM Anteil dann wahrscheinlich ziemlich "übersichtlich" ausfallen wird. Dazu noch die schlechte Informationspolitik &das man ordentlich im dunkeln gelassen wird, was die Absichten/Stand der weiteren Projekte angeht.

Gruß,
Popeye

[Popeye82]

ich trau dem Braten ja nicht wirklich, aber mal schauen:

"Rob Slavik Conversation Notes(tobinator01) - Nov 30, 2009

Introduction

Mr. Rob Slavik and I spoke for about two and a half hours Thanksgiving Day. We went through some history of his involvement with Douglas Lake and covered several questions concerning his new company Ruby Creek Resources (RBYC.OB). This is a summary of the highlights of our conversation.

Rob was with Douglas CEO Harp Sangha in April 2008 for the first visit of the property that later became known as Mkuvia. That visit included four geologists and an interpreter from the Tianjin institute. When they arrived on the property, the Chinese and their interpreter buzzed with excitement. Rob himself was quite impressed with the property and has had a desire to become involved with it. He with other associates was involved in several private placements during 2008.

I had an extensive list of questions that we went through so I could evaluate Ruby Creek as a business partner to Douglas and as a potential investment itself. Douglas has had difficulty in the past at finding partners committed to developing their projects. Agreements made with Canaco resulted in very little productive exploration work and several years of lost opportunity. What Douglas needs for Mkuvia is a company excited, financially committed and having access to capital to bring it into production.


Phone Interview Highlights

Back in June 2009, Rob purchased 54% of all the Ruby Creek outstanding shares for $50,000. The shares were all classified as restricted. This allowed him to take over the failed enterprise creating a publically traded vehicle to pursue a different business plan. He got his chance to become involved with Mkuvia through the just announced deal with Douglas to earn in a 70% stake upon payment of $3 million over the next three years, for 125 km^2 (1/3rd) of Mkuvia.

I asked him about Ariel Resources and Vitalstate. He took them over as shell companies long after they had essentially gone under from their previous ventures. One question I had is since he had either two shells to spin off a company to mine Mkuvia, why did he go with Ruby Creek? Rob said both companies had a lot of old history and are taking more time to clean up. He said that since Mkuvia is held in such high regard, the opinion of their attorney and others was to find a listed and fully reporting company. Quite a list of criteria was established including being in mining, having been relatively inactive corporately, operationally as well as minimal market activity, less than 10 million shares and low cost of acquisition. Ruby and several others fit the bill, but Ruby won out.

Ruby Creek is in process of raising capital through a debt and equity issue. A payment of $250k will soon go to Douglas based upon the signed agreement, about $100k will be used for corporate purposes and about $400k is planned to be used in hiring top placer geologists and other technical/logistics people. I asked about how difficult it has been to raise the money; Rob indicated it has not been an issue ($1200 gold certainly doesn’t hurt). I have heard from others that the investors behind Ruby may be well connected and capitalized. Since Ruby Creek has to make payments totaling $250k near term, we will be able to ascertain how real the financial backing is and what the equity was priced at relative to market.

We began a long discussion about his plans concerning Mkuvia. Rob’s vision is to be the first company to produce gold there, targeting production to take place H1 2010. This depends on the first mining license going to Ruby Creek, which has not been solidified with Douglas. I personally have been troubled by the slow pace the Chinese Mining group has approached Mkuvia and their time table of the project. Therefore, I would hope that they do not get the first license and someone like Ruby gets it. He explained that research he has conducted shows that a Falcon or Knelson concentrator could be on the ground at Mkuvia in a short period of time (around 2 months). Rob’s plan is similar to my own in that Mkuvia should be produced by starting small and building up production. It doesn’t take much gold to begin generating cash flow that can support the growth of both production and infrastructure. His plan calls for assembling a highly qualified technical team to recommend the production equipment is likely to include concentrators and direction of production. Rob sees this as a very scalable operation. With the work Douglas Lake has done to date, he sees production at the Mkuvia as more of a logistics issue than a geological one.

My last question to Rob concerned his involvement with Savoy Resources. One investor had claimed that under Slavik’s leadership Savoy went from a $3 stock to a penny. I wanted to confront Rob and get his side of the story concerning what had happened at Savoy. I found Rob to be quite detailed oriented and sticking to the facts throughout our conversation. He told me Savoy’s stock shot up quickly in early 2004 going from a penny stock to $3 in a few short months. Apparently stock promoters were heavily selling the stock to investors. When it hit $3 in February 2004, Savoy management decided to offer a 3 for 1 stock split. The stock then opened at $1, post split in March where it began to drift down.

While conversing with me, he went to www.pinksheets.com to pull up Savoy 8k filings and press releases. Rob became President of Savoy Resources July 19, 2004 and left March 22, 2005. Eyeballing the chart, Rob told me when he became President, Savoy was trading at 27 cents. Upon his leaving, the stock was trading at 26 cents for a net loss to investors of 1 cent. A review of trading records on pinksheets.com confirms this. The accusation that Slavik’s leadership of the company caused the stock to fall from $3 to 1 cent is not correct.

Being part of a failed operation, I wanted to dig deeper into the story of Savoy. According to Rob there was a Chinese property with gold resources with potential access to other undeveloped resources. When he took over, he raised $1.5 million between 8 and 15 cents to save the deal by making the first payment to the Chinese (which was long overdue) and to bring seasoned geologists onto the property and evaluate its potential. The management before him had touted the property as having a great ore body. The new team went to the property to validate the geological model and estimate its resource potential. After a period of several months, they concluded it was a small and technically difficult ore body with a possible upside of 400k oz of gold. Their recommendation was to abandon it. This realization came approximately around December 2004. Rob said he tried to convince his board to abandon the property and focus their efforts on other properties. Apparently there were two directors who were Chinese with one of them board Chairman. Rob was then forced out March 2005 and replaced by a more pro-Chinese management team. Subsequent to his leaving the new team raised about $1.5 million (under 5 cents), and 10 months later the property was confirmed to be a dud and the stock collapsed.

Our conversation concerning Savoy was lopsided because I only got Rob’s side of the story. The facts are clear that he was not CEO of Savoy from inception to failure. In fact, during his tenure the stock on net barely moved down. I don’t think Rob was involved in the stock promotion side of the meteoric rise as he was not CEO but an operations manager. What we need is specific details by investors involved with Savoy to tell us what Rob did that caused harm. At least from this one vantage point, it looks as though he was placed as CEO with a property that was not going to work, tried to get the facts on the ground, those facts said abandon the effort and he was forced out. Savoy came to same conclusion about that property much later.


Summary and Conclusions

We had a long 151 minute conversation concerning his background and vision for Ruby Creek. You can’t know everything even if it was a long phone call. However, I think I can offer some insights. One thing I found out was Rob is a big supporter of Harp and Douglas Lake, even holding an equity position with Douglas. He has been to Mkuvia in the beginning and is very excited about being part of it. Rob was very by the book in our conversation not identifying his investor base nor offering to me anything that would be considered inside information. I certainly appreciated this as this means his operation will likely be conducted with legal integrity without tipping off people to market moving news about Ruby Creek. His plan to produce Mkuvia is exactly what I had envisioned. You get cash flow going to support operations and thereby limiting stock dilution. It also allows them to learn about the deposit and how to properly produce it in high volumes. I liked the fact he has already interviewed/met with placer experts who he will have go to Mkuvia and tell him how it should be produced.

The Savoy issue relating to Ruby Creek looks weak to me without additional information. For one, Rob does not intend to over-hype the property or the operation. He told me his plan is to let the operation speak for itself. A second point here is he is starting the operation on a property I believe has millions of ounces of gold on it as opposed to a non-economic 400k ounce property in tim-buck-two China.

In my opinion, Mkuvia is not a technical barrier to entry project. It is a capital barrier to entry project. Alluvial deposits are produced simply without the need for expensive blasting, crushing, heap leaching and environmental issues. For Ruby Creek in my opinion, it’s all about raising the capital to make the project happen. It is my hope that capital will arrive and we’ll see gold coming out of Mkuvia as early as June of next year. Douglas shareholders should watch the developments of Ruby Creek’s financings closely as I believe that is the determining factor of success. As for Ruby Creek as an investment, we need to see how confident and excited the private placement people are as evidenced by the price of equity. My take is if the first capital comes at the expense of 5 cents per share equity issue, this will tell me investors are only viewing Ruby Creek as a speculative “I hope it goes somewhere play”. If Rob secures the funds with 15 cents/share ++ equity raise, then that will give me the idea the New York based investment pool has a lot of confidence in both him and the project.

The real interesting story here is if Ruby Creek executes to Rob’s vision of producing gold by mid-year 2010. I can almost guarantee you that if they pour gold, Ruby Creek’s market cap will not be $1.2 million but more like $20 million. The keys are the access to capital and getting the first mining license out of Mkuvia. One point on the mining license, the Tanzanian government is painfully slow so let’s hope someone can light a fire under them to grant the license. My take is we do not want the Chinese to get the first license because they just might sit on it.

There you have it folks, my six hours of research, conversation and write up. Please do not think this as an authoritative piece of information but one man’s opinion and view of what we have here. Ultimately, investors have to do their own due diligence and decide for themselves if Ruby Creek is a good business partner capable of producing Mkuvia.
www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=27682… "

[Popeye82]

Douglas Lake Minerals Provides a Corporate Update - Dec 09, 2009
www.marketwire.com/press-release/Do.....n-Board-DLKM-1088815…

"VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 9, 2009) - Douglas Lake Minerals Inc. (the "Company") (OTCBBLKM) (FRANKFURT60) is pleased to provide an update with respect to corporate matters, current negotiations on projects in Tanzania, and the current status of the Mining License application.

The Company has made the full and final payment to Mr. Mkuvia Maita of $40,000 on its Joint Venture Agreement dated June 5th, 2009. This agreement, representing 4 prospecting licenses, covers 380 kilometers and has been previously referred to as the Mkuvia Project. For further information on the Mkuvia project, a National Instruments 43-101 compliant Technical and Resource Report is available on the Company's website at www.douglaslakeminerals.com.

As discussed in the news release dated September 10th, 2009, the Company has initiated a Tanzanian Mining License application. As of today management has been informed by Mr. Laurence Stephenson, P. Eng., that it can expect to have approval of the application in the first quarter of 2010. Mr. Stephenson has been engaged by the Company as an independent consultant and is the author of the NI 43-101 report. When the Company signs additional joint venture agreements on this project, it will assist in aiding to obtain other Mining License applications as needed.

Since the inception of the Mkuvia project in 2008, the Company has had the support of and is in current negotiations with Chinese investors, from both public and private entities, with the goal of exploration and development. A nine member delegation from China recently completed its due diligence on the Mkuvia project in early October. For more information refer to the Company's news release dated September 23, 2009. From the time of completion of this due diligence until now, management has met with the Chinese on a recent trip to China to further the negotiations and to prepare for a finalized agreement. Given the multiple levels of governmental agencies and bureaus the Company is dealing with, management is pleased that approval for funding for this project has been well received at every level, and that it expects a decision by the year's end.

The Company has also initiated discussions with another party interested in working with it on the Mkuvia project. The negotiations are underway with this non-public entity and management will make the appropriate disclosures in a timely manner as required.

The Company would also like to report that it has received the initial payment from its Joint Venture partner, Ruby Creek Resources, as per the agreement to develop 125 square kilometers of the 380 square kilometer Mkuvia project.


About Douglas Lake

The Company is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania. For more information, go to www.douglaslakeminerals.com. "

[Popeye82]

"RE: recent price weakness, Yukon_Cornelius1 - Dec 22, 2009
I cannot imagine that scenario given the meager volume traded on average. DLKM has over 60mm shares outstanding. I'm not sure how many are in the float, but its inconceivable to me that anyone is putting downward pressure as you suggest with a few thousand shares. I'd attibute this weakness to a simple lack of buying interest. Any selling is met with a donwdrift because some patient longs are sitting on low bids and getting filled. (I'm not - I have what I want) Simple trading pattern here imo, lack of buying interest and some selling. There's nothing nefarious happening based on what I see. A mining license (another month or two?) and equipment on the ground will cure this. But before that can happen, the Environmental Impact report needs to be completed. Geologist Laurie Stephenson told me in Chicago on 11/6, that was about 2 months from being done- and that the Tanzanians were pretty responsive - 30-days-ish - from there. So doing the math- assuming they're still on schedule-Mkuvia mining should have the green light in February. Laurie thought it feasilbe that mining ops could commence by March. Additional funding from partners also still required. This is what I believe/recall. Toby et al can correct me if I'm mistaken on any of this.
www.stockhouse.com/bullboards/MessageDetail.aspx?p=0&m=27756… "

[Popeye82]

Ruby Creek Closing on the Mkuvia Gold Project - Mar 16, 2010
www.earthtimes.org/articles/show/ruby-creek-closing-on-the-m…

"Ruby Creek completes its Due Diligence on the Mkuvia Alluvial Gold Project

Ruby Creek has issued a Notice of Satisfactory Due Diligence to Douglas Lake Minerals, dated March 15, 2010 and will now be closing on the Mkuvia Alluvial Gold Project Purchase Agreement signed with Douglas Lake Minerals in November 2009. With respect to that Agreement, Ruby Creek has acquired the right to the development and mining of a 125 sq km portion of the 380 sq km Mkuvia Gold Project located in the south of Tanzania. Ruby Creek has agreed to purchase a 70% interest for $3,000,000 in a series of payments over 3 years, (see Company News Release dated November 9, 2009 and related SEC filings).

Ruby Creek has completed its initial payments of $250,000 to Douglas Lake Minerals and is up-to-date with all of its required commitments. With the Notice of Satisfactory Due Diligence, a payment of $100,000 will be remitted to Douglas Lake.

Douglas Lake established a joint venture on the Mkuvia in July 2008, having spent more than $2,100,000 in the preceding 18 months in exploration and in developing an understanding of the mineralization on a portion of the property. Douglas Lake is completing their mining license application as detailed in their Technical & Resource Report on the Mkuvia Alluvial Gold Project prepared in accordance with JORC and NI 43-101.

The Mkuvia Alluvial Gold Project is located in the Liwale and Nachingwea Districts, Lindi Region of the United Republic of Tanzania. The Project is the subject of a report titled the "Technical & Resource Report on the Mkuvia Gold Project," prepared by Laurence Stephenson, P.Eng. of British Columbia, Canada and Ross McMaster, MAusIMM of Queensland, Australia. Mr. Stephenson and Mr. McMaster are independent and Qualified Persons ("Q.P.s") in accordance with JORC and NI 43-101.


Ruby Creek (Tanzania) Limited

Ruby Creek also announces the signing of an agreement for the creation of a Tanzanian Joint Venture Company, "Ruby Creek (Tanzania) Limited," for the management of this 125 sq km Mkuvia Alluvial Gold Project. The joint venture company will be owned 70% by Ruby Creek Resources, 25% by Douglas Lake Minerals and 5% by Mr. Mkuvia Maita, the original Prospecting License owner. Ruby Creek (Tanzania) Limited will be the operating company and will hold title to the 125 sq km of lands relating to Mkuvia Alluvial Gold Project. Ruby Creek (Tanzania) now assumes control of the permitting and licensing processes.


Ruby Creek Closes Private Placement

On March 10, 2010, Ruby Creek filed a Form D disclosing the completion of a simultaneous Regulation D and Regulation S Private Placement of unregistered securities under Rule 506 of the Securities Act of 1933. The Company sold 1,600,000 Units at a price of $0.125 per Unit for a total of $200,000 to 20 investors. Each Unit consists of one restricted common share and one warrant. Two warrants are required to buy one restricted common share at a price of $0.25 per share for a period of up to two years. The total amount raised was $200,000.


Infrastructure Meetings held in Tanzania

Ruby Creek President Robert Slavik, in a series of meetings held in Tanzania in late February 2010 with Ruby Creek's joint venture partners and other potential operating personnel, began the process of establishing infrastructure in support of the full development and commencement of operations on the Mkuvia Alluvial Gold Project. This includes test mining with the aim of selecting the appropriate processing plant, continuing evaluation for the engagement of alluvial geologists and geo-techs and the support structure for those production and exploration teams, consulting and contracting work by the Geological Survey of Tanzania, identifying staff for logistics, support and accounting as well as camp support and office and housing in Dar es Salaam.

Mr. Slavik remarked on the cooperation the Company has received from its joint venture partners and Tanzanian officials, "From the outset, we have been encouraged by the manner in which the Tanzanian mining authorities and our joint venture team have worked together to move our Mkuvia Gold Project forward. I am excited for all of our stakeholders in achieving these milestones and with the startup of actual operations in sight." "

[Tsuba]

Antwort auf Beitrag Nr.: 39.152.482 von Popeye82 am 16.03.10 18:32:49

Hab´mal etwas gestoebert und auf Tansania.Invest wohl Staatliches Ministerium

folgenden Artikel vom Dezember 2009 gefunden.

Bin noch dabei bei DKLM, ist wohl mein exotischstes spielzeug.

gruss

Tsuba




New Tanzania Gold Could Boost Ranking

Wednesday, 02 December 2009 07:50

New discoveries of Tanzania gold deposits are helping to confirm the country’s current status as one of the fastest-emerging gold producers in Africa and could, in fact, transform the country into the largest producer of the precious metal on the continent.

Currently, Tanzania represents the third largest gold producer in Africa, behind South Africa and Ghana with estimated gold reserves that have been calculated at a conservative total ofmore than 1000 tons.

According to a recent report by the East African Business Week (EABW), the recently discovered gold deposits have been located in the southern portion of the country in the districts of Lindi and Nachingwea.

Prior to this discovery, the country’s southern region was not seen as having the potential to be a gold bearing zone.

This will, therefore, be the first gold mining venture to take place in Tanzania’s southern districts.

According to the EABW report, Douglas Lake represents the latest in a series of recent gold mining ventures in the country, having spent over USD 2.1 million in the past 16 months of exploration in order to establish a joint venture on the Mkuvia project area.

Douglas Lakes joint venture was officially established in July 2008 and the company is currently n the final stages of applying for their mining license.

The EABW report went on to indicate that, in November 2009, a joint venture agreement was made between Ruby Creek Resources, a USA firm, and Douglas Lake Minerals for the development of gold mining in Mkuvia Maita's gold project area, where mining operations are expected to begin next year.

In addition, the EABW also reported that according to the joint venture agreement Ruby Creek Resources has acquired the right to purchase and develop a portion of the Douglas Lake's Mkuvia Gold Project.

The portion of land included in the agreement is reportedly 125 sq km of the 380 sq km southern Tanzania Mkuvia Gold Project.

According to the agreement, over a period of 3 years, Ruby Creek will purchase a 70% interest for USD 3 million.

During a site visit to the Mkuvia property in April 2008 the president of Ruby Creek, Rob Slavik, indicated that he was encouraged by the progress of the property.

“In April, 2008 while on a tour reviewing resource property opportunities in Tanzania […] We observed many artisanal miners having great success recovering gold, using only hand tools in all surface areas of the property that we viewed. Deeper diggings revealed coarser gold,” Slavik said in the EABW report, “I have continued to follow the progress of the property and have been greatly encouraged by the work and results produced to date.”

According to the EABW report, after having completed its technical report, reserve estimate, feasibility study and mining plan, Douglas Lake is currently awaiting the pending environmental impact assessment report after which time, it will file for its first mining license application.

This first license is expected to receive approval during the first quarter of 2010, with the second license to follow in the early third quarter of 2010.

[Popeye82]

Antwort auf Beitrag Nr.: 39.157.671 von Tsuba am 17.03.10 12:26:52

Hallo Tsuba,

Bin stilistisch gerade etwas verwirrt -also von mir aus kann es auch gern Zwerge, Bilder, lyrisch, poeisch, philosophisch - &Metaphern überbordend sein.


Zu DKLM -m.A.n. waren hier die Erwartungen von Anfang an drastisch überzogen. Das aber noch nichtmal auf das Resourcenpotenzial Mkuvia´s, dem ich auch sehr erhebliches, zumindest im Bereich des möglichen, zusprechen würde, sondern viel mehr was die zeitliche Vorstellung, techn. Umsetzung etc. angeht.

Das mit Ruby Creek ist ja nun schon seit geraumer Zeit eines der vordergründigen Themen, aber im SH zum Beispiel interpretieren die m.E.n. in der Mehrheit dahin, dass es ja "nur (noch)um die Abbaugenehmigung, seitens der zuständigen tanzaniischen Behörden(+die, sowie die Mentalität da allgemein, haben es wohl auch in sich), geht", dann "geht´s los". Das kommt m.E.n. überhaupt nicht hin, da ja noch nichtmal eine anerkannte Resourcenschätzung vorliegt. Dann muss erstmal geschaut werden, wie es denn nun mit einer potenziellen Gewinnung +den dafür notwendigen Verfahren aussieht &noch einige Hürden mehr -einfach mal in die Quarterlies oder Annuals schauen.

Desweiteren scheint sich DLKM in einigen Sachen alles andere als geschickt anzustellen, wobei m.E.n. schon "ehrliche Absichten" vorliegen. Eine weitere Sache die ich ziemlich fragwürdig finde ist, warum sie für einen IMO Pappenstil 70%(dieses Teils) von Mkuvia, &dann an so eine Klitsche, abgeben. Das wäre an sich noch nichtmal wahnsinnig tragisch &zu verkraften -nur kann ich mir dann schon vorstellen, wie die weiteren Geschäfte/Partnerschaften zu Mkuvia dann später wahrs. aussehen werden. Da bleibt/bliebe dann langsam nicht mehr sehr viel für DLKM übrig &bei den "immensen" Zahlungen dürfte das benötigte Kapital eigentlich bei weitem nicht abgedeckt sein.

Gruß
Popeye

[Tsuba]

Popeye,

weiss ja selbst wie verwirrt mein Hirn ist.


Tansania hiess als Dt. Kolonie Pangea

(Pangea ist ein kleiner kuestennaher Fluss).



Also von den wichtigen harten Fakten

fehlt mir jede Kenntnis.

Dafuer ist mir die Seidenstrasse des Meeres ein Begriff.


Uebrigens Scholl_Latour wohnt in Rhoendorf nahe Koenigswinter

und meint er wolle seinen Lebensabend am Europaeischen Nil verbringen.

Schoenen Abend

Tsuba

[Popeye82]

New Tanzanian Mining Act Levels Playing Field With Other African Jurisdictions - Apr 26, 2010
http://finance.yahoo.com/news/New-Tanzanian-Mining-Act-bw-15…

"SOUTH SURREY, British Columbia--(BUSINESS WIRE)--Tanzanian Royalty Exploration Corporation wishes to announce that the government of Tanzania has passed its proposed Mining Act 2010 which appears to bring the country's royalty rates for minerals production more in line with other African mining nations.

The new mining act is intended to alleviate public concerns that the minerals sector in Tanzania is not contributing enough to the national economy, an issue that has surfaced in developing countries around the world.

Among the highlights of the new mining legislation is the adoption of a gross revenue form of royalty that will see royalty rates increase from 3% to 4% for precious and base metals and from 5% to 6% for diamonds and gemstones. There will be a flat 7% rate applied to uranium production and a standard 3% rate for other minerals. In addition, the new act requires the government to own a stake in future mining projects based on the level of investment in each individual joint venture.

The Mining Act 2010 also requires mining companies to list on the Dar es Salaam Stock Exchange which Tanzanian Royalty is preparing to do.

The Tanzanian government examined various forms of royalties used in other mining jurisdictions and concluded the gross royalty route was the least complicated from an administration standpoint

“Adopting Gross Revenue form of royalty simplifies royalty calculation since it is based on few documents, and it is computed once at the point of export within the country. This form of royalty also eliminates disputes between the Government and mine operators resulting from royalty reconciliation,” the Tanzania Minerals Audit Agency said in a discussion report prepared before the new legislation was passed.

The agency noted that despite changes to fiscal regimes for the mining industry in Zambia, Ghana, and South Africa, (the latter two countries being the African continent’s largest gold producers) investor confidence in those countries remained strong after the changes were implemented. In Ghana, royalties vary from 3-6% of the gross value of minerals produced.

The new mining bill also seeks to make it mandatory for the government to set aside specific areas for small-scale miners as a means of averting conflicts between artisanal miners and larger mining companies. According to James E. Sinclair, Chairman and CEO of Tanzanian Royalty, “Our company has been a trend setter in this particular area and in fact we have already entered into partnership arrangements with artisanal miners which have provided mutual benefits to both parties.”

“We are also in a position to provide expertise to these people in all facets of mining including equipment selection and optimization, on site training, operating practices, and safety issues,” Sinclair stated.

In addition to finding and developing viable mineral deposits in Tanzania for the benefit of all stakeholders, Sinclair insisted that the Company “has a moral obligation to empower Tanzanians by providing them with skills and knowledge that will help sustain them in the future.”

“The new legislation will provide the impetus for Tanzanian Royalty and other companies to contribute in a meaningful way to Tanzanian society while developing the nation’s vast resource potential in a responsible manner.”

“James Sinclair”

James E. Sinclair

Chairman and Chief Executive Officer "

[Popeye82]

scheinen es wirklich mit RBYC angehen zu wollen. Die Relevanz der Meldung scheint aber auch eher ein bissl im Subtextbereich zu liegen:

Ruby Creek Resources Incorporates Joint Venture in Tanzania and Reports on Progress; Joint Venture Moves Permitting Process Forward - Jun 3, 2010
http://finance.yahoo.com/news/Ruby-Creek-Resources-iw-341105…

"NEW YORK, NY--(Marketwire - 06/03/10) - Ruby Creek Resources, Inc. (OTC.BB:RBYC - News), an exploration and mining company with operations in Tanzania, announces the incorporation of Ruby Creek Resources (Tanzania) Limited ("Ruby Creek Tanzania"), paving the way for the Company's mining operations in the Mkuvia Gold Project in Tanzania.


Ruby Creek Resources (Tanzania) Limited, a joint venture company, is owned by Ruby Creek Resources (70%), Douglas Lake Minerals (25%) and Mr. Mkuvia Maita (5%). The joint venture owns the exclusive mineral and mining rights to 125 square km of the 380 square km Mkuvia Gold Project in Tanzania, thought to be one of Tanzania's largest alluvial goldfields.

Ruby Creek also announces that it has retained Professor Dr. Abdulkarim Mruma, B.Sc. M.Sc. Ph.D. Geology. Dr. Mruma will be advising Ruby Creek on geological issues within the Mkuvia and surrounding regions. Dr. Mruma is a Professor of Geology and was the head of the Department of Geology, University of Dar es Salaam from 1994 to 2004. Since 2004 he has been the Vice Chairman of the Association of Geological Surveys of Africa and is the Chief Executive Officer of the Geological Survey of Tanzania, Ministry of Energy and Minerals. Other positions he has held include: National Coordinator, International Geological Correlation Programs; External Examiner, Department of Geology of the University of Nairobi in Kenya and the University of Makerere in Uganda.

Dr. Mruma has had extensive involvement as a board and steering committee member of numerous geological and environmental research projects and groups. Dr. Mruma has published over thirty international publications, mainly in the fields of Structural Geology, Precambrian Geology, Stratigraphy and Mineral Deposits. He has also consulted on and authored more than twenty technical reports in the fields of Resource Assessments and Engineering Geology. He is currently a member of the Geological Society of Africa and the Tanzania Geological Society. Ruby Creek Tanzania has offered funding and facilities at the Mkuvia for the field training programs of third and fourth year geology students. Dr. Mruma will be coordinating these activities as well.

Robert Slavik, President and CEO of Ruby Creek Resources and Managing Director of Ruby Creek Tanzania, said, "We are excited about the incorporation of the joint venture. It is an important fundamental step in the process of the development of the Mkuvia Gold Project. Our imminent equipment test mining will be conducted concurrently with obtaining the governmental approvals and permits, and environmental and mining licenses necessary to commence our mining operations. In addition, in May 2010, Ruby Creek Tanzania established its corporate headquarters in Dar es Salaam, Tanzania's largest city, and retained the law firm of CRB Africa Legal, a leading full-service Tanzanian commercial law practice with expertise in the Tanzanian mining industry."

Mr. Slavik continued, "We are also enthusiastic about our recent meeting in London with Madame H.E Mwanaidi Sinare Maajar, who has been Tanzania's High Commissioner to the United Kingdom for the past four years and has recently been appointed Tanzania's new Ambassador to the United States in Washington, D.C. effective August 1, 2010. Madame Maajar is a strong supporter of the Tanzanian mining industry, and one of the architects of the 1998 Tanzanian Mining Act that was a major catalyst in the transformation of the country's mining industry that led to and continues to foster its tremendous growth. The emerging prominence of the Tanzanian mining industry has created great economic vitality and is a continuing major driver in the development of Tanzania's economy and world image. The Ambassador's insight into the mining industry was very informative to us, particularly at this important stage in our Company's growth. And her message is very clear, Tanzania wants investment and development."

He also states, "I am pleased that Dr. Mruma has joined us in our efforts to advance our project, there is much to learn. I also strongly believe that we must be good corporate citizens and I see the establishing of aid to geology students as only a first step in ensuring we give back to the community in a significant way. Students are our future and one thing all students around the world need is assistance. I thank Professor Mruma for his ideas and guidance in this."

Mr. Slavik concluded, "With our talks continuing with logistics firms, equipment suppliers, security firms and aviation companies, we believe we are well on our way towards laying the ground work for Ruby Creek Tanzania to commence test mining and ultimately active commercial production in the Mkuvia Gold Project."


About Ruby Creek Resources, Inc.

Ruby Creek Resources, Inc. (www.rubycreekresources.com) is an exploration and mining company. Ruby Creek has formed a joint venture to develop and mine a significant portion of the Mkuvia Gold Project in Tanzania. Ruby Creek is establishing infrastructure in support of the full development and commencement of operations on the Project. "

[Tsuba]

Antwort auf Beitrag Nr.: 39.647.953 von Popeye82 am 08.06.10 12:37:25

nur nochmal zur Erinnerung:

"Mkuvia Gold Project" ist nur ein kleiner Teil

der Liegenschaften von DLKM im Sueden von Tansania

[blash5]

Antwort auf Beitrag Nr.: 39.648.831 von Tsuba am 08.06.10 15:00:31

Mkuvia nun komplett verkauft. Mir vollkommen unklar. Sch... Management!

[Popeye82]

Antwort auf Beitrag Nr.: 39.694.633 von blash5 am 16.06.10 22:42:53

Wenn einen Mkuvia interessiert/man "dran glaubt", müsste man sich nun eher Ruby Creek angucken.

Komplett verkauft ist nicht richtig ,sie haben ja immer noch einen Anteil. Aber einen sehr kleinen.



Ist im übrigen das, was ich auch schon meinte(#503): "Das Verhalten generell von DLKM macht auch nicht wirklich einen sehr seriösen Eindruck -was mich auch stört ist, dass sich recht klar abzuzeichnen scheint, selbst wenn sie weitere Abkommen zu Mkuvia abschliessen sooollten, dass der verbleibende DLKM Anteil dann wahrscheinlich ziemlich "übersichtlich" ausfallen wird."

Ich hätte aber nicht gedacht, dass sie Ihren restlichen (2/3)Mkuvia-Anteil KOMPLETT her/aufgeben. Wollen jetzt scheinbar den Fokus auf Ihre anderen Projekte verlegen, in der Region, wo CAN.V gerade für Furore sorgt.

Sinn macht das für mich trotzdem nicht wirklich. Mit Mkuvia hat es sich damit voraussichtlich weitgehend erledigt -das für mich interessanteste.

Gruß
Popeye

[Tsuba]

DLKM Douglas Lake ist eines der letzten Spielwiesen

fuer Fans von Lederstrumpfgeschichten, Hemingway und karl may.

Da hat Tsuba gern eingezahlt und bisher viele Essays als

Entgelt vorgelesen bekommen.

Koestlich, wirklich fein

tsuba
17.06.2010



Visit: www.otc-advisors.com vom 16.06.2010

About Douglas Lake Minerals Inc.

Douglas Lake Minerals, an exploration stage company, engages in the acquisition and exploration of mineral properties in Tanzania, East Africa.

The company is exploring its 51 property licenses consisting of Gold, Diamond, Uranium, and Base Metal properties, both advanced stage and grassroots. The Company was founded in 2004.

News Today:

VANCOUVER, British Columbia, June 16, 2010 -- Douglas Lake Minerals Inc. (the "Company") (OTCBB: DLKM) (Frankfurt: D60.F) is pleased announce that it has signed an additional Purchase Agreement with Ruby Creek Resources, Inc for the remaining 255 square kilometers of the Mkuvia Alluvial Gold Project in Tanzania.
The Mkuvia Alluvial Gold Project is located in the Liwale and Nachingwea Districts, Lindi Region of the United Republic of Tanzania.

The Project is the subject of a report titled the "Technical & Resource Report on the Mkuvia Gold Project", prepared by Laurence Stephenson, P.Eng. of British Columbia, Canada and Ross McMaster, MAusIMM of Queensland, Australia. Mr. Stephenson and Mr. McMaster are independent and Qualified Persons ("Q.P.s") in accordance with JORC and NI 43-101.


This new agreement, along with the November 7, 2009 agreement with Ruby Creek, covers the entire 380 square kilometer area held by the Company. Under the terms of the new agreement, Ruby Creek will make payments totaling $6 million in a combination of cash and common shares over the next three years for the exclusive mineral and mining rights of the remaining 255 square kilometers. Along with the payments due under the November 9, 2009 agreement, this will bring a total commitment of $9 million due to the Company from Ruby Creek for the exclusive rights to the entire Mkuvia Project.

This source of financing continues to solidify our working relationship with Ruby Creek and has the added bonus of being non-dilutive to our shareholders.



The Mkuvia Project will be operating through Ruby Creek Resources (Tanzania) Limited, the joint venture company established by the Company and its joint venture partners. The Company owns 25% of this newly established company, with Ruby Creek and Mr. Mkuvia Maita holding the remaining 70% and 5%, respectively. The Joint Venture Company has been registered with the Tanzanian Ministry of Energy and Minerals, and we proceeding with filings for governmental approvals and permits, as well as environmental and mining licenses, to commence full scale mining operations.


Harp Sangha, CEO of Douglas Lake Minerals Inc., stated "This agreement with Ruby Creek represents a positive step forward in developing the Mkuvia Project in its entirety. We are very pleased to have such a strong and dedicated team from Ruby Creek working on this project with us.

This allows us to allocate our time and resources on our hard rock properties in the Morogoro Region and the Handeni District. We have been extremely encouraged with the grades recovered by Canaco Resources (TSX: CAN) from their diamond drill results in the Handeni District given two of our 100% owned properties are contiguous to the north and to the west of Canaco's New Killindi property. This has not only had a substantial impact on their share price, recently hitting CDN$0.93 from a 52 week low of CDN$0.06, but it has also created worldwide interest in the exploration and development of this area."

gekuerzt

[Victor-R]

Mini-Madoff

Bob Moriarty
Archives
Sep 8, 2010

It's getting more and more obvious by the day that the business model of the United States and maybe even the world is outright fraud. 70% of the trading on the senior exchanges is High Frequency Trading. (HFT) It's front running, it's all fraud. It has nothing to do with investing, it's stealing from your own customers. And it's all legal.

The banks are gaming the Federal Reserve, handing the taxpayers all their bad loans in exchange for US Treasuries. Has no one figured out that when you toss a turd into a punch bowl, it doesn't matter how small the turd is or how big the punch bowl is, you contaminate the whole thing? The banks are not illiquid, they are insolvent.

Boston University professor Laurence Kotlikoff writes a piece claiming the real US National Debt is over $202 trillion on an economy of $14 trillion. We are bankrupt and everyone is looting the vestiges of the system as fast as they can.

It's about the same in the junior mining market. Gold is up for the 9th year. Anyone claiming to be in the gold business for the last nine years is now either mining gold or mining investors.

I wrote about Douglas Lake Minerals over two years ago. I called it Bre-X II. That was a good call. The company had about 50 million shares outstanding then worth $.45 apiece. Now it has over 62 million shares outstanding selling for $.13. Given the actions of CEO Harpreet Sangha it's astonishing that the stock is still trading. The company was essentially bankrupt two years ago and nothing has changed except he has blown through another $3 million dollars of shareholder money.

I think he has a secret plan for success. One that no one else would dream of. He's going to do a deal on his primary project with a third group. He's already sold it to Ruby Creek Resources in June. He resold it to a Chinese group a month later. That was the same deal that he announced on September 23 of 2009.

Harpreet Sangha doesn't bother filling out 8-K reports, the reporting laws don't apply to him but he signed the final agreement with the Chinese in July of this year. In August he brought over yet another group of Chinese to the property to sell it to them.

Why not? He did the same thing on the Magembe Diamond Property a year ago. He did a deal with a company named Midex Gold on the Magembe Diamond project. It's one of those minor technical issues that Andy Smith of Canaco, who used to be in a JV with Douglas Lake, believes he owns 50% of part of that project. Midex Gold just happens to operate out of the same office address as Douglas Lake in Vancouver and both websites use the same company for reporting. What a coincidence.

Juggling projects between conflicting partners, each of whom think they own it is no particular problem for Mr. Sangha. He also apparently now has a Tanzanian wife. Things were heating up in Tanzania for Mr. Sangha over some minor issue of unpaid bills so he stayed out of the country for a year or so and took his Tanzanian wife to Vancouver.

Harpreet was back in Tanzania last month. The Minister of Mines was interested in talking to him about how three different groups could all claim the same ground. It's going to get interesting before it gets through.

Harpreet Sangha is perfectly familiar with charges of pumping and dumping shares. In the most blatant effort on his part to date, he bought 31 million shares of Artepharm Global Corp for $3,100 on February 26, 2010. That was an especially well-timed purchase because at the same time he was paying $.0001 for each share, they were being quoted at about $.25 in the market place. Sorta makes you wonder if maybe someone was jerking the price around.

In any case, Artepharm Global had an especially bright future. Or it did until the BCSC halted trading on August 25, 2010. Perhaps Harpreet is back in Tanzania because the summer is a little hot in Vancouver this year.

On April 20, 2010, Mr. Sangha announced a joint venture with a Chinese company called Artepharm China, not to be confused for any reason with Artepharm Global that just happens to have a similar name. Artepharm China owns the rights to an anti-malarial medicine named Artequick.

Interestingly enough, there was no 8-K report filed with the SEC announcing the JV with the Chinese company of the same name and in his latest filings for the quarter ended June 30, 2010, he says, "The company is currently in negotiations with a business called Artepharm Co. . . The company seeks to acquire the patent and worldwide marketing rights to market Artepharm Co.'s product called Artequick(R). Artequick(R) is a natural artemisinin-based anti-malaria drug."

So there you have it. He either has the rights to the drug that he claims in numerous press releases or he does not. If I was a betting man, I'd say Mr. Sangha was running a pump and dump. He unloaded a boatload of his own shares between February and now. When you buy 100 shares for a cent, you can make a lot of money pumping and dumping a stock that smells like a total scam.

I don't know what will happen in Tanzania with the 380 square km now claimed by at least two different groups and perhaps three. Ruby Creek has people on site but that company is a disaster waiting to happen. They don't have a single advisor or geologist who knows anything about placer gold. Their chief technical guy is an Electronics Engineer that I have been trying to warn about the fraud going on at DLKM for two years and he has totally ignored me.

Ruby Creek has committed to paying DLKM $9 million dollars over three years. RBYC is $400,000 in the hole to DLKM already. They are giving all the impression of motion with a bunch of press releases. but I don't see any real action.

I own 139 square km of ground to the immediate west of the DLKM/RBYC/Chinese Group #1/Chinese Group #2 ground. I have half a dozen specialists to call on, I have a real camp and I have real equipment. And it's not easy for us. I have an EIA. I have a mining license. I'm utterly baffled as to how a company with no mining expertise or people actually believes it can succeed when they know even their land tenure is at question.

Harpreet Sangha is a liar and a thief. I know because he has lied to me again and again and he stole $115,000 that I advanced to get him the project in the first place. I have always hoped he would succeed with someone so I could sue him and have a reasonable chance of recovering my money. Interestingly enough, Harpreet's brother Gus called me a year ago and wanted to talk to me about me helping DLKM. I told him that I would but only if Harpreet was fired and I was paid back the money I was owed.

His response was interesting. He admitted I had put up the money to get DLKM the project in the first place but since I gave the money directly to Harpreet the company didn't owe me, I should sue Harpreet to recover it. I'd say the standards of basic honesty in that family are shared equally.

I'm astonished Sangha hasn't been run out of Tanzania, tarred and feathered. Everything he has done has been a fraud. You can look over every press release he has ever issued and there would be an issue of fraud in every single release I ever read.

Perhaps the BCSC will get serious this time around. When they halted DLKM 18 months ago, they slapped his hand and made him remove the assays he inflated by 1000% and claims of 5.5 million ounces in reserves and all the other totally misleading information he was touting.

My company has a mining license. We got it because we jumped through all the hoops every company in Tanzania has to jump through. We filed our Environmental Impact Assessment because we paid for it. DLKM and RBYC have been claiming for a year they had a mining license in progress. I know it's not true because DLKM never paid the guy to do the EIA and never applied for a Mining License. And while RBYC was claiming to be in production months ago, they made it all up.

Three years ago, DLKM had a business plan that could have worked under professional management. Canaco has gone from a $.06 stock a year ago to a $2.89 stock with a $400 million dollar market cap. DLKM had the ground right next to CAN and abandoned it because Sangha didn't have a clue as to what he was doing.

There are dozens of pissed off land owners in Tanzania who gave their ground in Tanzania to DLKM in exchange for worthless share certificates that Sangha now illegally refuses to remove the legend from. At least 5 different directors have resigned in the last two years because of what he was doing. Ross McMasters who did the technical report on DLKM's ground got fired because DLKM never paid his company. DLKM has been a total disaster for its shareholders and Tanzania and it keeps getting worse.

Think Bernie Madoff. But Mini-Madoff.


Bob Moriarty
President: 321gold
Archives

http://www.321gold.com/editorials/moriarty/moriarty090810.ht…

[Tsuba]

Antwort auf Beitrag Nr.: 40.125.537 von Victor-R am 09.09.10 14:37:06

komisch, BreX II und Mini Madoff laut Aufsatz

und der Kurs steigt steigt kraeftig.

Merke:

die halbe Wahrheit ist nicht 50% der Wahrheit


gleichwohl

DLKM.OB ist nur was fuer Lederstrumpf

[Tsuba]

News Release


Douglas Lake Minerals Inc. Initiates Tanzanian Mining License Application

Vancouver, British Columbia; September 10, 2009 -- Douglas Lake Minerals Inc. (the “Company”) (OTCBB: “DKLM.OB”) (Frankfurt: “D60.F”) is pleased to announce that it has initiated the Tanzanian Mining License application process with respect to its Mkuvia Alluvial Gold Project in Tanzania. The Tanzanian mining license application process consists of three main steps: the definition of a Tanzanian compliant resource estimate, a Tanzanian compliant Feasibility Study and a Tanzanian compliant Environmental Impact Assessment (“EIA”).

The Company has obtained and filed on SEDAR a Canadian National Instrument 43-101 (“NI 43-101”) compliant Technical & Resource Report with respect to the Mkuvia Alluvial Gold Project, outlining an inferred resource estimate. The Company’s consultant, Kokanee Placer Ltd., has prepared a Tanzanian compliant Feasibility Study, and the EIA is being prepared by Kokanee Placer Ltd. and Dr. Rubhera Mato of the School of Environmental Science and Technology, Ardhi University, Dar es Salaam, Tanzania.

Dr. Mato has played a key role in the development of EIAs in Tanzania and was a member of a committee of experts that initially drafted Tanzania’s National EIA Guidelines and Procedures. He has completed several EIAs for mining companies to assist them in obtaining mining licenses. Kokanee Placer Ltd. is assisting Dr. Mato in providing the information for him to conduct the EIA, which is expected to take two to three months to complete.

The Company’s President, Charles Mnguto, and Laurence Stephenson, of Kokanee Placer Ltd., met with the Company’s Tanzanian lawyer, Charles Rwechungura, of CRB Attorneys, a firm that specializes in Mining Law, who will oversee and guide the process of obtaining the Tanzanian Mining License.

The Company is proud of its exploration team that worked so diligently and effectively to produce the high quality of results that have been reported in a timely and efficient manner and looks forward to continuing the development of the Mkuvia Alluvial Gold Project.

The Mkuvia Alluvial Gold Project comprises four prospecting licenses (PL 5664/2009, PL 5669/2009, PL 5673/2009 and PL 5662/2009) covering a total area of 380 square kilometres.

The Prospecting Licenses were originally granted to Mr. Mkuvia Maita and were renewed in 2009 by Mr. Maita, in his name as part of a joint venture agreement with the Company,
whereby the Company acquired all rights under the prospecting licenses,

including the right to enter, sample, drill and otherwise explore for minerals, subject to a 3% royalty payable to Mr. Maita on any minerals produced.

This news release has been reviewed by Laurence Stephenson, P.Eng., a “qualified person” under NI 43-101, who has been engaged by the Company as an independent consultant.

About Douglas Lake

The Company is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania. For more information, go to www.douglaslakeminerals.com.

[Lupoa4]

Antwort auf Beitrag Nr.: 40.129.476 von Tsuba am 09.09.10 22:26:43

Hallo Zusammen,

die erfreuliche Entwicklung der letzten Tage hätte meiner Ansicht nach etwas mehr Aufmerksamkeit verdient. Der Markt hat die Meldung sehr gut aufgenommen. Daumen drücken, dass die Tendenz noch etwas länger anhält.

Cu & schönes Wochenende
Lupoa4

[Popeye82]

Antwort auf Beitrag Nr.: 40.127.556 von Tsuba am 09.09.10 18:29:21

"and looks forward to continuing the development of the Mkuvia Alluvial Gold Project."


Hi Tsuba,

Also das verstehe ich jetzt nicht mehr -letzter Stand war doch, dass sie die gesamten Mkuvia Lizenzen an RBYC abgeben?!? Muss mir das nochmal richtig durchlesen.


Ansonsten Thx Online an Deinem unendlichen philosophischen Erfahrungsschatz teilhaben zu dürfen.

Gruß
P.

[Lupoa4]

Antwort auf Beitrag Nr.: 40.173.286 von Popeye82 am 18.09.10 15:10:18

Nicht mehr ganz frische News:


Sep. 22, 2010 (Thomson Reuters ONE) --

Douglas Lake Minerals Inc. / Douglas Lake Acquires 100% Interest In 4 New Properties Directly Bordering Canaco In The Handeni District processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.


Vancouver, British Columbia, September 22, 2010 -- Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake")(OTCBB: DLKM) is very pleased to announce that the Company has recently received approval from its Board of Directors to both enter into and immediately close upon the terms and conditions of a certain Mineral Property Acquisition Agreement (the "Acquisition Agreement"), with IPP Gold Ltd. ("IPP Gold"), to acquire a 100% interest in four prospecting licences (the "PLs"), totaling approximately 800 square kilometres, located in the Handeni District of Tanzania and which are owned or controlled by IPP Gold and its affiliates.

Harp Sangha, CEO of the Company, stated: "This new Acquisition Agreement with IPP Gold represents a significant step forward for the Company. Along with our new partners at IPP Gold, we will map out our new strategy and course of action over the coming weeks and months. The Handeni District has become alive with activity since the extraordinary drilling results from Canaco Resources have placed this region on the world stage. We plan to focus our energy and resources on the exploration and potential development of this new acquisition. Our aim is to direct Douglas Lake down a path towards success."

On September 13, 2010 Canaco announced significant new exploration developments including the identification of important new parallel trends of gold mineralization and discovery of a new mineralized zone five kilometres W/NW of the Magambazi Gold Discovery. Early results from the regional exploration on the Handeni Gold Trend indicate the work program has already made significant progress in identifying new gold targets and upgrading the potential of previously identified gold zones. Over the past month, the regional program has included over 3000 metres of Reverse Circulation ("RC") drilling, approximately 10,000 metres of reconnaissance Rotary Air Blast ("RAB") drilling, a detailed airborne survey, detailed mapping of some of the key target areas defined to date and geochemical interpretation. The Handeni Gold trend is now recognized as consisting of at least two, parallel gold trends with a combined strike length of over 15 kilometres.

In April 2010, TD Newcrest, A Division of TD Securities, initiated coverage of Canaco Resources and announced a speculative buy recommendation with a $1.25 target price. They now believe that $175/oz is an appropriate resource multiple given the forecast high grade/low cost nature of the ounces discovered to date by Canaco. They have revised their target price to $6 per share and maintain their speculative buy rating.


Click here for full size map

The closing of the Acquisition Agreement

In accordance with the closing today of the Acquisition Agreement IPP Gold has now become the majority shareholder in the Company. Pursuant to the terms of the Acquisition Agreement the Company has now issued 133,333,333 restricted shares of common stock to IPP Gold in exchange for 100% interest in the four PLs of the new Handeni Project. There shall be no additional shares or cash to be issued to IPP Gold. This acquisition of these four PLs as a whole represents one of the largest continuous and adjacent land position in the Handeni District, and the boundary area is geologically contiguous to Canaco's Magambazi gold project.

In addition, and accordance with the closing of the Acquisition Agreement, the Board of Directors of the Company has also accepted the consent to act as both a director and as the Non executive Chairman of the Company from Reginald Mengi, together with the consents to act as directors of the Company from each of Dr Reyno Scheepers and Dr Douglas Boateng. Mr. Mengi will replace the Honorable Joseph Rugumyamheto as the Company's Chairman Mr Rugumyamheto will continue to serve as a director of the company.

[Popeye82]

Antwort auf Beitrag Nr.: 40.216.815 von Lupoa4 am 27.09.10 15:46:55

Jep, schon gesehen. Ich finde DLKMs Verhalten immer abstruser.

Gruß
P.

[Tsuba]

Nous qui faisons des choses émues, froidemant


Manchmal hilft ein Globus oder noch einfacher Google Earth.


Ein deposit am ende der Welt oder ein deposit in der

frischen Brise der Seidenstrasse des meeres.


Wer versteht was Seidenstrasse des meeres heutzutage wieder bedeutet

hat etwas bessere chancen.


Wer allerdings glaubt, dass die Finanzkrise ueberwunden ist,

kommt logisch zu anderen ergebnissen.



Will niemand belehren.

L´Afrique oú est-elle?

[Tsuba]

aus einer undurchsichtigen Inernet_postille namens SEEEKING Alpha kopiert

Also mit grosser Vorsicht zu geniessen

trotz aller maengel entshteht eine "Impression" ueber aktuelle "Zustaende"

im Tansanischen Minensektor

Tsuba
20.12.2010



| by: Mobile Guru December 19, 2010 | about: ABX / CANWF.PK / CDE / GDXJ Font






Another company with one of the largest land holdings in Tanzania is Barrick Gold Corporations (ABX) African spin-off African Barrick Gold (ABGLF.PK) that currently has a $3.8B market cap. Spun off just nine months ago, the company has over 17M reserve ounces and is in the production valuation phase on the chart.

A third company that also fits on the chart is Douglas Lake Minerals Inc. (DLKM.OB). Recent changes within the company include the changing of its Chairman of the Board and its access to four PLs (prospecting licenses). These as a whole represent one of the largest continuous and adjacent land positions in the Handeni District, and the boundary area is geologically contiguous to Canaco's Magambazi gold project and covers 800 square kilometers (see graph).



The new Chairman of the Board is Reginald Mengi who is owner and Executive Chairman of IPP Limited, one of the largest private sector holding companies in Tanzania with subsidiary companies engaged in mining, manufacturing, bottling (Coco-Cola products and Kilimanjaro drinking water), as well as media, including television, radio and newspapers. Current market cap is around $100M.


In my mind there are two keys when looking at gold development companies. One, is do they have access to capital which will be needed in order to prove out reserves? In this case the answer is probably yes, based on the new Chairman of the Board and his vast resources. The second question is always what are the chances the company will find significant reserves? A company can own all the property in the world but if there is no gold, then it is not worth anything. In this case with its property surrounding the Canaco Resources properties on three sides, some level of understanding can be inferred from the positive Canaco drilling reports. Plus, Douglas Lake has just started early phase exploration using a fixed-wing aircraft and doing an aeromagnetic and radiometric survey to identify key target zones. This is the first step in beginning an exploration plan for an area that Canaco Resources has been proving to be very rich in reserves.

As with any early stage mining company the risks are high. Lack of funds, not being able to work with the local government and hard to get licenses can derail even the largest of companies. Not to mention proving up reserves is the ultimate goal to either eventually go into production or sell out to the highest bidder.

Disclosure: I am long Douglas Lake Minerals (DLKM.OB)

With all that shines still being golden, and the fact we are finishing up 2010 in the $1400 area for gold- the projection of $2000/oz does not seem that crazy. Whether gold corrects some this year or continues on its bullish run, finding junior gold companies can be very good investments. Keep in mind, historically there are certain times to invest in a specific junior gold company and other times when the return may not justify the risk.

Click to enlarge:



As seen in this chart, the initial run a junior development company makes is based on turning speculation about reserves in to actual drilling results. As these results are better known, the stock reacts accordingly. At some point the idea is that the company will go find the necessary capital to go into production. As seen on the chart, this shows the long road and a price decline as much of the excitement fades or the company will simply get bought out by a much larger company and folded into them. Those that stay the course over the years and actually put their mine into production eventually are rewarded. But it is a long road with many potential road blocks. A good example of this would be the Kensington mine that Coeur d'Alene Mines (CDE) took years in getting permitted and is finally in production.

One company which is following this chart to the letter is Canaco Resources Inc. (CANWF.PK). Rising from roughly .50/share to a recent high over $6, Canaco has had a great year. Relatively unknown a year ago Canaco has spent the last year drilling in the company's Magambazi gold discovery. It is located in the Handeni region of the United Republic of Tanzania and is roughly 200 square kilometers of exploration space. Since starting its 10,000m+ diamond drilling program at Magambazi and Magambazi North, Canaco has continued to provide timely updates to investors of its very successful drilling program. This information has obviously led to the incredible return of the company's stock. Where it actually peaks will have a lot to do with actual reserves. Canaco's market cap is now roughly $900M and will continue to rise as additional drill results identify other new key deposits.

Click to enlarge:



Another company with one of the largest land holdings in Tanzania is Barrick Gold Corporations (ABX) African spin-off African Barrick Gold (ABGLF.PK) that currently has a $3.8B market cap. Spun off just nine months ago, the company has over 17M reserve ounces and is in the production valuation phase on the chart.

A third company that also fits on the chart is Douglas Lake Minerals Inc. (DLKM.OB). Recent changes within the company include the changing of its Chairman of the Board and its access to four PLs (prospecting licenses). These as a whole represent one of the largest continuous and adjacent land positions in the Handeni District, and the boundary area is geologically contiguous to Canaco's Magambazi gold project and covers 800 square kilometers (see graph).



The new Chairman of the Board is Reginald Mengi who is owner and Executive Chairman of IPP Limited, one of the largest private sector holding companies in Tanzania with subsidiary companies engaged in mining, manufacturing, bottling (Coco-Cola products and Kilimanjaro drinking water), as well as media, including television, radio and newspapers. Current market cap is around $100M.


In my mind there are two keys when looking at gold development companies. One, is do they have access to capital which will be needed in order to prove out reserves? In this case the answer is probably yes, based on the new Chairman of the Board and his vast resources. The second question is always what are the chances the company will find significant reserves? A company can own all the property in the world but if there is no gold, then it is not worth anything. In this case with its property surrounding the Canaco Resources properties on three sides, some level of understanding can be inferred from the positive Canaco drilling reports. Plus, Douglas Lake has just started early phase exploration using a fixed-wing aircraft and doing an aeromagnetic and radiometric survey to identify key target zones. This is the first step in beginning an exploration plan for an area that Canaco Resources has been proving to be very rich in reserves.

As with any early stage mining company the risks are high. Lack of funds, not being able to work with the local government and hard to get licenses can derail even the largest of companies. Not to mention proving up reserves is the ultimate goal to either eventually go into production or sell out to the highest bidder.

Disclosure: I am long Douglas Lake Minerals (DLKM.OB)

to
With all that shines still being golden, and the fact we are finishing up 2010 in the $1400 area for gold- the projection of $2000/oz does not seem that crazy. Whether gold corrects some this year or continues on its bullish run, finding junior gold companies can be very good investments. Keep in mind, historically there are certain times to invest in a specific junior gold company and other times when the return may not justify the risk.

Click to enlarge:



As seen in this chart, the initial run a junior development company makes is based on turning speculation about reserves in to actual drilling results. As these results are better known, the stock reacts accordingly. At some point the idea is that the company will go find the necessary capital to go into production. As seen on the chart, this shows the long road and a price decline as much of the excitement fades or the company will simply get bought out by a much larger company and folded into them. Those that stay the course over the years and actually put their mine into production eventually are rewarded. But it is a long road with many potential road blocks. A good example of this would be the Kensington mine that Coeur d'Alene Mines (CDE) took years in getting permitted and is finally in production.

One company which is following this chart to the letter is Canaco Resources Inc. (CANWF.PK). Rising from roughly .50/share to a recent high over $6, Canaco has had a great year. Relatively unknown a year ago Canaco has spent the last year drilling in the company's Magambazi gold discovery. It is located in the Handeni region of the United Republic of Tanzania and is roughly 200 square kilometers of exploration space. Since starting its 10,000m+ diamond drilling program at Magambazi and Magambazi North, Canaco has continued to provide timely updates to investors of its very successful drilling program. This information has obviously led to the incredible return of the company's stock. Where it actually peaks will have a lot to do with actual reserves. Canaco's market cap is now roughly $900M and will continue to rise as additional drill results identify other new key deposits.

Click to enlarge:



Another company with one of the largest land holdings in Tanzania is Barrick Gold Corporations (ABX) African spin-off African Barrick Gold (ABGLF.PK) that currently has a $3.8B market cap. Spun off just nine months ago, the company has over 17M reserve ounces and is in the production valuation phase on the chart.

A third company that also fits on the chart is Douglas Lake Minerals Inc. (DLKM.OB). Recent changes within the company include the changing of its Chairman of the Board and its access to four PLs (prospecting licenses). These as a whole represent one of the largest continuous and adjacent land positions in the Handeni District, and the boundary area is geologically contiguous to Canaco's Magambazi gold project and covers 800 square kilometers (see graph).



The new Chairman of the Board is Reginald Mengi who is owner and Executive Chairman of IPP Limited, one of the largest private sector holding companies in Tanzania with subsidiary companies engaged in mining, manufacturing, bottling (Coco-Cola products and Kilimanjaro drinking water), as well as media, including television, radio and newspapers. Current market cap is around $100M.


In my mind there are two keys when looking at gold development companies. One, is do they have access to capital which will be needed in order to prove out reserves? In this case the answer is probably yes, based on the new Chairman of the Board and his vast resources. The second question is always what are the chances the company will find significant reserves? A company can own all the property in the world but if there is no gold, then it is not worth anything. In this case with its property surrounding the Canaco Resources properties on three sides, some level of understanding can be inferred from the positive Canaco drilling reports. Plus, Douglas Lake has just started early phase exploration using a fixed-wing aircraft and doing an aeromagnetic and radiometric survey to identify key target zones. This is the first step in beginning an exploration plan for an area that Canaco Resources has been proving to be very rich in reserves.

As with any early stage mining company the risks are high. Lack of funds, not being able to work with the local government and hard to get licenses can derail even the largest of companies. Not to mention proving up reserves is the ultimate goal to either eventually go into production or sell out to the highest bidder.

Disclosure: I am long Douglas Lake Minerals (DLKM.OB)

[Tsuba]

Trommeln, gelbe Zwerge und Dt_Pangua


hatte mir die nochmal angesehen. Ob man bei 59 den

Rueckholfaden betaetigen soll.


bleibt aber drin.

27.12.2010

[Tsuba]

Das Oooooh ist heut´ mit 300.000 Stueck absatz auf 0,63$ Vogelmenschskala gelandet.

Bin vielleicht garnicht so schizo ....ooooohhh

[Lupoa4]

Antwort auf Beitrag Nr.: 40.766.269 von Tsuba am 27.12.10 22:33:57

Die Richtung stimmt auch heute. Mal schaun wo die Reise hingeht.

CU
Lupoa4

[Tsuba]

DLKM ist erwachsen geworden -verglichen mit dem Status vor ca. 5 Jahren-

Hab´gekauft als die homepage wilde trommeln abspielte -kein witz-





heute kann man kaufmaenisch begruenden, warum das Tampon 1. Wahl ist.


fuer den vogelmensch kommt dann langsam, ganz langsam die Zeit

auf der albatrosslandebahn richtung Horizont zu laufen.....ooooohhhh


28.12.2010







Gedicht von leopold Senghor:


Femme nue, femme noire

Vêtue de ta couleur qui est vie, de ta forme qui est beauté !

J’ai grandi à ton ombre ; la douceur de tes mains bandait mes yeux.

Et voilà qu’au cœur de l’Eté et de Midi, je te découvre, Terre promise, du haut d’un haut col calciné

Et ta beauté me foudroie en plein cœur, comme l’éclair d’un aigle.




Femme nue, femme obscure
Fruit mûr à la chair ferme, sombres extases du vin noir, bouche qui fais lyrique ma bouche
Savane aux horizons purs, savane qui frémis aux caresses ferventes du Vent d’Est

Tamtam sculpté, tamtam tendu qui grondes sous les doigts du vainqueur
Ta voix grave de contralto est le chant spirituel de l’Aimée.


Femme nue, femme obscure

Huile que ne ride nul souffle, huile calme aux flancs de l’athlète, aux flancs des princes du Mali

Gazelle aux attaches célestes, les perles sont étoiles sur la nuit de ta peau

Délices des jeux de l’esprit, les reflets de l’or rouge sur ta peau qui se moire

A l’ombre de ta chevelure, s’éclaire mon angoisse aux soleils prochains de tes yeux.



Femme nue, femme noire

Je chante ta beauté qui passe, forme que je fixe dans l’Eternel

Avant que le Destin jaloux ne te réduise en cendres pour nourrir les racines de la vie.

[Popeye82]

Antwort auf Beitrag Nr.: 40.766.269 von Tsuba am 27.12.10 22:33:57

[Tsuba]

das Gedicht, die Adoration der Ahnengeister,

hat denen geholfen, die es rezitiert haben:


aktuell 0,79$ bei respektablem volumen.


Die tribalen Guys haben sich schonmal um eine 10-stelle verrechnet.

Und dann bei der Korrektur gleich neue Fehler gemacht.


Warum soll ein Vogelmensch, der zum gelben Dachen hinaufsteigt,

rechnen koennen?

29.12.2010

[Tsuba]

sorry sind nur 75 statt irrtuemlich 79

[Popeye82]

Antwort auf Beitrag Nr.: 40.216.815 von Lupoa4 am 27.09.10 15:46:55

In Tanzania geht grad kleiner Staking-Rush los(ich hatte sowas ähnliches früher erwartet, wenngleich moderater("im Momentum"), sich dafür kontinuierlich über längere Zeit hinziehend). Alle möglichst nearby to CAN.V.

Gruß
P.

[Lupoa4]

Antwort auf Beitrag Nr.: 40.790.472 von Popeye82 am 03.01.11 16:37:09

Handeni rulez!!





CU
Lupoa4

[Tsuba]

Press Release


Source: Douglas Lake Minerals Inc. On Wednesday January 5, 2011, 8:30 am EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 5, 2011) -

Douglas Lake Minerals Inc. (OTCBB: DLKM - News; FRANKFURT: D60 - News; the "Company" or "Douglas Lake") is pleased to announce that it has filed a Canadian National Instrument 43-101 Standards for Disclosure of Mineral Projects ("NI 43-101) Technical Report (the "Technical Report") for its Handeni Project.

Douglas Lake's 100% owned Handeni Project consists of four prospecting licenses covering approximately 800 square kilometers in the newly developing goldfields of Eastern Tanzania.

Douglas Lake filed the Technical Report with the British Columbia Securities Commission via the System for Electronic Document Analysis and Retrieval (SEDAR).

The Technical Report was prepared by Dr. Reyno Scheepers, Ph.D., Pr.Sci.Nat., a South African based consulting geologist and a director of the Company who fulfills the requirements to be a 'Qualified Person' for the purposes of NI 43-101.

The Technical Report details the results of exploration activities conducted by IPP Resources, the previous holding company of the area. Extensive geophysical and geologic work was conducted over several field seasons from 2008. The work included prospecting, rock and soil sampling, and a ground magnetic survey. All geochemical analytical work was conducted by internationally accredited labs, SGS Laboratories and/or Humac Laboratories in Mwanza, Tanzania.

The exploration also included a fixed-wing aeromagnetic and radiometric survey. The survey and interpretation was conducted according to internationally accepted standards by the Council for Geoscience, South Africa. The Technical Report identified and selected a total of 12 priority gold targets which are recommended for follow up work.

"The scale of work covered by the Technical Report has significantly advanced Douglas Lake's Handeni Project," Harp Sangha, Chief Executive Officer comments, "We now have a number of very exciting gold targets which we are a priority for us to follow up with further exploration in 2011."

About Douglas Lake

The Company is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania. For more information, go to www.douglaslakeminerals.com.

Safe Harbour Statements

[Lupoa4]

Hadeni rulez!

Douglas Lake Identifies Several Gold Bearing Shear Structures Parallel the Magambazi Gold Trend

VANCOUVER, BRITISH COLUMBIA – (Marketwire - Jan. 12, 2011) – Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (OTCBBLKM - News), further to its news releases of November 23, 2010, is pleased to provide an update for its exploration targets for 2011.

Douglas Lake has recently filed a NI 43-101 Technical Report on its four 100% owned prospecting licenses which cover 800 square kilometers in the Handeni District of eastern Tanzania. This area recently has been recognized as an important gold district after the Magambazi gold find.

The 43-101 report details the first and second phases of exploration over the license area. In the Company's November 23rd release it was disclosed that the first phase airborne geophysical survey effectively outlined the folded and faulted geologic terrain as well as five prominent Northwest-Southeast trending shear zones that extend through the Douglas Lake ground. The second phase work program concentrated on collecting and analyzing soil geochemical samples on both detailed grids as well as reconnaissance style control lines across the large project area.

Historically, the region has seen only small-scale artisanal workings which originally allowed explorers to focus on the Magambazi prospect. Now the Handeni region is recognized to be one of the prime exploration targets for gold in Tanzania. On September 13th 2010, Canaco Resources Inc. (TSX.V CAN) announced that regional soil sampling had outlined a total of two North-Westerly parallel trends of gold mineralization on their license area. The two trends, which include the Magambazi mineralization, are said to have a combined strike length of 15 kilometers.

Within the second phase of work, outlined in Douglas Lakes' 43-101 report, portions of the five northwest-southeast shear zones were tested by widely spaced soil sample profiles. The results indicate linear anomalous gold trends in soil that are coincident with the Northwest-Southeast structures as outlined by geophysics. In total, the soil program was successful in outlining gold trends that have a combined strike length of over 40 kilometers on the Douglas Lake ground.

"The Handeni Gold Trend that was initially reported by Canaco Resources has been significantly extended by the work on the Douglas Lake ground", reports Harp Sangha CEO. "Our results indicate that there is a lot more to this area."

[Lupoa4]

DLKM beliebt zu gefallen:


Recent Trades - Last 10 of 62
Time ET Ex Price Change Volume
13:38:44 Q 0.80 0.11 25,000
13:24:19 Q 0.79 0.10 14,900
13:22:47 Q 0.79 0.10 2,600
13:19:28 Q 0.79 0.10 2,500
13:16:28 Q 0.79 0.10 10,000
13:07:17 Q 0.77 0.08 1,500
12:58:42 Q 0.78 0.09 20,000
12:50:42 Q 0.77 0.08 5,000
12:50:24 Q 0.76 0.07 20,000
12:48:25 Q 0.76 0.07 2,500

[Tsuba]

Sollten die Exploratoren nicht im grossen eisernen Kochtopf enden, kann´s was werden mit DKLM

Tsuba


02/17/2011 17:50:54 - PRESS RELEASE: Douglas Lake Commences Exploration Program on the Handeni Claims

- Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (OTCBB: DLKM) is pleased to announce it has commenced its 2011 exploration activities on its 100% owned prospecting licenses in the Handeni area of eastern Tanzania. The company has four contiguous licence areas that total 800 square kilometers in size which surround and are adjacent to the 200 square kilometer Handeni project of Canaco Resources which contains the high grade gold discovery at Magambazi.

Currently exploration work is focused at Magambazi Southeast and at Kwandege, which are two of the twelve target areas identified from the previous two phases of exploration conducted over the large land holding. At present new soil and rock collecting programs are underway and new detailed geophysical surveys will commence shortly.

Work to date over the Magambazi Southeast area has included a ground magnetic survey and the collection of soil samples on a detailed grid that started at the Magambazi Hill and proceeded to the east. This area is also the site of extensive artisanal workings which originally drew exploration interest to the area. The ground magnetic survey was conducted on East-West lines spaced 100m apart. Readings were taken every 50m along the lines. The survey clearly confirmed the Northwest-Southeast structural grain of the underlying terrane. The soil sampling program effectively outlined a broad area of anomalous gold on the Douglas Lake ground which suggests that this area is the direct extension of the Magambazi gold mineralization southeast from the main zone where Canaco has had excellent drill results. Gold values within the soil reached up to 4 g/t.

At present assays from a number of rock samples collected from the area are pending. The observed rock units in the direct area were biotite-gneiss, biotite-garnet-gneiss, and garnet-amphibolite gneiss. Samples were also collected from a series of quartz veins located within sub parallel shear zones trending approximately NW-SE. The rock units are extremely similar to those observed at the main Magambazi gold zone.

The Kwandege target, which occurs approximately 14 kilometers southwest of the Magambazi mineralization, has also been the focus of intense artisanal gold workings over an area measuring approximately 1 kilometer long and 500m wide. Gold is hosted within siliceous sheared amphibolites at Kwandege.

The previous geophysical and reconnaissance soil work described in the Douglas Lake NI 43-101 Technical Report revealed that the area covered by the Kwandege gold workings were only a small part of a much larger Northwest-Southeast striking geochemical and geophysical target that measures over 3 kilometers in strike length.

Currently, a more detailed soil sampling program is underway at Kwandege which will examine an area slightly over 6 square kilometers in extent. A number of soil profiles will be extended to the south to investigate another anomalous gold trend southwest of Kwandege. An Induced Polarization (I.P.) geophysical survey is to be conducted at Kwandege shortly.

Douglas Lakes' 2011 exploration program will include further airborne surveys, soil and rock sampling, and geologic mapping of several of its other known gold targets. A larger permanent camp is being established to provide support for the exploration activities and a planned drill program.

The exploration program is being supervised by Craig Alford, P.Geo. Vice-President Exploration, a Qualified Person as defined by National Instrument 43-101

[Hirnverteiler]

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 02/18/11


Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (OTCBB: DLKM) is pleased to announce the results of initial rock sampling near to the Douglas Lake-Canaco Resources boundary in Tanzania.

Douglas Lake recently collected samples within the area of the Northwest-Southeast striking Magambazi gold trend. This area is small part of the Company's four contiguous licence areas that total 800 square kilometer's within the Handeni district. The gold content in these samples reached values as high as 16.8 g/t (Table 1).

Results from the analysis broadly define a 600m long NW-SE trend of anomalous gold mineralization as shown in Figure 1. In addition, a second area of highly anomalous gold may be present to the Northeast of the new trend.

Previous work described in Douglas Lakes' NI 43-101 Technical Report over the area revealed a strong Northwest-Southeast structural fabric to the underlying rocks from the magnetic survey as well as a strong anomalous gold response within the soils in the area. Recent exploration by Douglas Lake has included a grab sampling program directly east of Canaco's Handeni property. The samples were collected within a portion of the area of anomalous soil response that continues east-southeast from the Magambazi gold occurrence.

This initial round of sampling concentrated on Quartz veins that were collected at surface and from artisanal pits down to a depth of 10 meters. Gold analyses were conducted by SGS Laboratories Tanzania, an internationally certified laboratory. A 50 gram fire assay was employed and verification was performed by repeats and the use of blanks and standard samples.

"These results reinforce our belief that the Handeni area hosts extensive multiple gold bearing systems associated with Northwest-Southeast oriented shear zones and fold structures," says Craig Alford, Vice President of Exploration. "These are very encouraging initial results and further sampling will take place from the Southeast Magambazi Zone which possessed the highest gold in soils."

Craig Alford, Vice President Exploration for Douglas Lake Minerals, a Qualified Person under NI 43-101, has prepared and supervised the scientific or technical information for the property and verified the data disclosed in this press release.

Fig. 1: Plan view of sample location and concentrations of gold in quartz grab samples. The boundary between Canaco Resources and Douglas Lake Minerals is indicated as a vertical dark blue line. Gold values are: 5 - 30ppb=Green; 30 - 100ppb=Pink; 100 - 2 000ppb=Orange; 2 000 - 6 000ppb=Red; greater than 6 000ppb = Yellow. The new NW-SE trending mineralization zone is approximately 600 meters in length based on current data (between broken blue lines).

To view Fig. 1, please see the following link: http://media3.marketwire.com/docs/dlkmfig1.pdf

Table 1. Selected Grab Sample Results East of Magambazi Hill.


----------------------------------------------------------------------------
Sample ID Easting Northing G/T Au ppb
----------------------------------------------------------------------------
A160001 392016 9365905 6.64 6640
----------------------------------------------------------------------------
A160006 392300 9365883 0.03 30
----------------------------------------------------------------------------
A160007 392384 9365844 0.07 70
----------------------------------------------------------------------------
A160008 392330 9365852 1.73 1730
----------------------------------------------------------------------------
A160012 392091 9365839 0.67 670
----------------------------------------------------------------------------
A160013 392021 9365813 0.32 320
----------------------------------------------------------------------------
A160014 392047 9365813 0.07 70
----------------------------------------------------------------------------
A160019 392387 9365808 0.04 40
----------------------------------------------------------------------------
A160020 392393 9365760 0.35 350
----------------------------------------------------------------------------
A160022 392283 9365757 0.04 40
----------------------------------------------------------------------------
A160024 392157 9365763 0.4 400
----------------------------------------------------------------------------
A160026 392050 9365767 0.06 60
----------------------------------------------------------------------------
A160027 392024 9365764 1.31 1310
----------------------------------------------------------------------------
A160029 392147 9365717 0.06 60
----------------------------------------------------------------------------
A160030 392213 9365715 0.08 80
----------------------------------------------------------------------------
A160032 392067 9365617 0.02 20
----------------------------------------------------------------------------
A160033 392125 9365622 3.52 3520
----------------------------------------------------------------------------
A160034 392381 9365566 0.02 20
----------------------------------------------------------------------------
A160036 392288 9365561 3.82 3820
----------------------------------------------------------------------------
A160037 392232 9365559 16.8 16800
----------------------------------------------------------------------------
A160039 392149 9365506 0.05 50
----------------------------------------------------------------------------
A160041 392238 9365507 0.04 40
----------------------------------------------------------------------------
A160043 392340 9365522 0.6 600
----------------------------------------------------------------------------

[Hirnverteiler]

Douglas Lake Minerals Inc. (OTCBB: DLKM) (the "Company" or "Douglas Lake") today announced that it has entered into definitive agreements with institutional and accredited investors to purchase approximately $12.2 million of securities in a private placement transaction. Under the terms of the transaction, Douglas Lake has agreed to sell an aggregate of 27,173,372 common shares at $0.45 per share and common share purchase warrants to purchase up to 27,173,372 additional common shares. The warrants to purchase additional shares will be exercisable at $0.52 per share. Warrants issued to certain investors to purchase up to 14,862,262 common shares shall have an exercise period of 18 months and warrants issued to certain accredited investors to purchase up to 12,311,110 common shares shall have an exercise period of 30 months. The closing of the private placement is subject to the satisfaction of customary closing conditions.

Net proceeds from the private placement will be used primarily to support the Company's current exploration and development plans in Tanzania together with the Company's ongoing general corporate and working capital requirements consequent thereon.

The Company is required to use reasonable commercial efforts to file a resale registration statement with the SEC within 45 days following the closing of the private placement that covers the resale by the purchasers of the shares and the shares issuable upon exercise of the warrants.

Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM) acted as the exclusive placement agent for the transaction.

Commenting on the Placement, Harp Sangha, the Company's CEO stated, "We are very pleased to have Rodman & Renshaw, our new financial partners, along with us during these exciting growth times for Douglas Lake and its shareholders. We will now be positioned to further our exploration and development program on our advanced stage recently acquired Handeni project. The ability to step away from our current royalty model and to be able to solely develop our wholly owned property has the potential to add significant value to our company. In addition, the monies raised will allow us to continue to build a strong and diversified portfolio of advanced, development and exploration-stage properties in Tanzania while at the same time allowing us to consider a myriad of other projects of like potential."

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities. The securities offered and sold in the private placement have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration under the Securities Act and applicable state securities laws.

About Douglas Lake

The Company is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania. For more information, go to www.douglaslakeminerals.com.

Safe Harbour Statements

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labour disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.

Forward looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the "SEC") (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Such risks and uncertainties may include, but are not limited to, the risks and uncertainties set forth in the Company's filings with the SEC, such as the ability to obtain additional financing, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

[Hirnverteiler]

2011-04-12 08:16 ET - News Release


VANCOUVER, BC -- (MARKET WIRE) -- 04/12/11


Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (OTCBB: DLKM) is pleased to report on continued exploration at its wholly owned Handeni gold project in eastern Tanzania. Douglas Lake holds four contiguous prospecting licenses, totaling 800 km(2), which are strategically located at the new emerging gold district in Handeni.

Recent exploration work by Douglas Lake has focused on two locations, the Magambazi eastward mineralization extension and the Kwandege gold showing, which is located to the southwest of the Canaco Resources (TSXV: CAN) Kilindi prospecting license.

Douglas Lake has just completed a ground IP (Induced Polarization/Resistivity) geophysical survey over a 7.2 square kilometer surveyed grid at the Kwandege locality which covers the area of artisanal workings and the anomalous soil geochemical results reported in the recently released 43-101 report on the Handeni Project. The grid lines were spaced 100 meters apart and oriented North-South, which best transected the two dominant structural trends that appears to control mineralization in the area. A new soil geochemical survey was also conducted alongside the IP/Resistivity survey. The soil samples have been sent to SGS Labs in Mwanza for analysis and assays are pending.

Modeling and interpretation of the geophysical survey data is being performed by Spectral Geophysics. Significant chargeability and resistivity anomalies were revealed by the survey and drill holes are being planned to investigate the source of the strong anomalies.

At present the geophysical crews have mobilized to the Magambazi area to begin work on the two parallel zones of gold mineralization on the Douglas Lake ground which has been revealed through soil and rock analysis.

"We were very surprised with the size and strength of the IP anomalies that were revealed at Kwandege," comments Craig Alford MSc, PGeo, Vice President of Exploration. "We now have a number of new drill targets and we are excited that the survey has begun on our Magambazi target."

The Company is engaged in an aggressive exploration program in the Handeni District, including geochemical sampling, geologic mapping, soil grid survey, ground magnetics, Electromagnetic and IP/Resistivity geophysical surveys, and a planned new airborne survey and an extensive diamond drilling program. Douglas Lake controls one of the largest land holdings in the district which contains multiple exploration targets.

[Tsuba]

L´Afrique où ´e`tes-elle ?

DLKM ist nur was fuer Liebhaber , das sind Freaks denen es ohne Profit mehr Spass macht als mit



"""""
www.douglaslakeminerals.com • Trading Symbol: DLKM


DOUGLAS LAKE DISCOVERS MAJOR GOLD EXPLORATION TARGET AND ANNOUNCES DRILL PROGRAM ON KWANDEGE PROSPECT AT HANDENI



Dar Es Salaam, Tanzania, June 29, 2011


-- Douglas Lake Minerals Inc. (the "Company" or “Douglas Lake”) (OTCBB: DLKM)


is pleased to announce the discovery of a promising gold exploration target over an area of approximately 7.2 km2 on their Kwandege prospect. Kwandege is a prime target on one of the Company’s four (4) prospecting licenses covering an area of approximately 800km2 in the Handeni district in the United Republic of Tanzania. Exploration is conducted through the Tanzanian registered subsidiary DLM (Tanzania) Ltd.


Ground exploration conducted over the past six months led to the creation of drill targets on the Kwandege prospect. Drilling is set to commence on July 25, 2011. The Kwandege target is part of an anomalous gold area covering 18km2. As such, the work conducted here has the added value of continuously improving the model for the style of mineralization on other already existing targets on the Company’s properties. Aeromagnetics and radiometrics in combination with widely spaced (500 m) soil sampling, as announced in previous press releases, were used to generate priority areas such as Kwandege (Fig. 1).


Within the 18km2 mineralized Kwandege target, an area of approximately 9.75km2 was outlined as being of high priority based on existing geophysics, geochemistry and the presence of artisanal workings along a 400 m strike distance within this area.
The soil sampling program at Kwandege is continuing with 4027 samples having been submitted to SGS Mwanza, an internationally accredited laboratory, for geochemical analyses including 806 standards and 70 blanks. Sampling was conducted every 25 m along 100 m spaced N-S lines. Assay results for 1960 of these samples have been received up to 24 June 2011 (including 85 standards, 36 blanks and 26 duplicates). Interpretation of these results has produced several anomalies supported by Au values and ground geophysics.
Ground geophysics over an area of approximately 9.75 km2 at Kwandege was completed on 16 June 2011. Preliminary findings are extremely significant in terms of gold mineralization. Geophysical work was conducted with standard calibrated geophysical instrumentation. The ground based Dipole-Dipole/Pole Dipole Induced Polarization (IP) as well as Fixed Loop TDEM and Ground Magnetic Surveys were conducted by Spectral Geophysics, a company with wide experience in Africa....................""""

[Tsuba]

Vom Sein des Seienden


wo niemand ist, tritt man niemand auf den Schlips


DLKM kann mal Rakete werden. Vielleicht aber auch niemals.

Komisch aber wahr, das Ausfallrisiko (Pleite) ist extrem gering.



Makro-oekonomisch haben uns die Systemschwuchteln im Wahnsinn laengst ueberholt.

Kein Priester des Systems wuerde heute den Waehrungsschnitt (Schwuchtelsprache

Waehrungsreform) ausschliessen.


Nur was heisst das fuer Goldbugs??


Wir koennen vor uns herdoesen bis der PoG boersentaeglich 50$ steigt.


Nehmen wir uns selbst ernst, schlafen und handeln erst bei PoG "plus 50 daily"


Tsuba
30.06.2011

[Hirnverteiler]

Douglas Lake Gears Up Technical and Geological Team for Aggressive Work Program on Two Handeni Properties


2011-07-07 08:00 ET - News Release


VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 07/07/11


Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (OTCBB: DLKM) is pleased to announce the reorganization of its technical and exploration team to rapidly advance work program at both its Handeni East (Magambazi) and Handeni West (Kwandege) properties.

The following appointments take effect immediately.

Reyno Scheepers Pr.Sci.Nat., Ph.D. An agreement has been reached whereby Dr. Scheepers has been seconded to DLM as President of Exploration for DLM (Tanzania) Ltd., a wholly owned subsidiary of the Company. His knowledge of the Handeni area and exploration experience in Tanzania will be invaluable to the Company's aggressive exploration drilling program earmarked for the Handeni East and West properties. Dr. Scheepers is focusing the Company's exploration efforts on three fronts, namely the drilling program as priority one, the preparations and planning for the FUGRO airborne survey, and the upgrading of QA/QC measurements to more than fulfill reporting requirements. The setting up of additional field camps for the continuous mapping, ground geophysics, and soil geochemical investigations of already outlined targets are in full progress under his direction. The building of a competent and experienced exploration team remains a top priority under his leadership as does the increased understanding of the gold mineralization on the Company's properties by involving academics and experienced consultants. These efforts combined with a constant flow of accurate and timely information to the investment community will position the Company in an attractive light to investors and current shareholders.

Dr. Scheepers' involvement with geology and the mining industry stretches over a period of 28 years. His career includes experience on South African coal fields as a researcher at the Fuel Research Institute of the CSIR, as a geologist at a South African gold mine (Witwatersrand gold deposits) where he gained experience in underground geology, underground and surface exploration, and gold exploration project planning. He obtained a Ph.D. in uranium geology following a seven month period at the CREGU in Nancy, France. In addition, he became an associate professor in mineralogy/petrology in 1999 at Stellenbosch University in South Africa where he established the Gemstone Research Centre and wrote 37 peer reviewed earth science articles. Since 2005 he has been a full-time consultant and director of companies based in the Republic of Tanzania. He is well known for his contribution to the technical aspects of the listing process of various companies on the JSE and AIM as an independent consultant. Dr. Scheepers is a registered Professional Natural Scientist in Geological Science (since 1984), is a member and past council member of the Geological Society of South Africa, and various other geological and mineralogical societies and organizations. Dr. Scheepers also serves as a Director of Douglas Lake Minerals, Inc.

Mr. B. McDonald M.Sc (Exploration Geology) has been appointed Exploration Manager at DLM (Tanzania) Ltd. He is an exploration geologist with vast experience in Africa, South America, Mexico, and Cuba. He has been exploration manager on numerous successful projects for various prestigious companies including Billiton S.A.(aka BHP Billiton) and GENCOR S.A. as well as managing exploration projects for smaller companies including Trans Hex, the O'Okiep Copper Company, and along with numerous others. The commodities within his experience portfolio span from base metals, gold, precious metals, asbestos, uranium, diamonds, and coloured gemstones. His gold experience covers the spectrum from sedimentary to high grade metamorphic related gold. Complementing his geological achievements are his people skills, often successfully managing a work force of more than 100 people, including several teams of professionals concurrently under difficult operational conditions. The Company is extremely glad to have acquired his services as Exploration Manager and is confident that he will perform well.

"Initial findings at our Handeni East and West properties clearly present very interesting times for Douglas Lake Minerals. We have a contingent of six exploration teams working relentlessly on our major drill sites as well as driving the exploration on our other targets. Under Dr. Scheepers' technical leadership and with Mr. McDonalds' steady hand on the ground, we hope to make our company one of most sought after gold exploration companies for investors at every level", commented Dr. Douglas Boateng, President and CEO of Douglas Lake Minerals, Inc.

[Hirnverteiler]

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 07/25/11


Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (OTCBBLKM) is pleased to announce that diamond drilling has commenced on its 100% owned Handeni West gold target at Kwandege. A total of 5,000 meters of drilling is planned for the first phase of exploratory drilling within an area of approximately 7.2 square kilometers of the currently defined target of 18 square kilometers.

Through soil sampling, the mineralized Kwandege target was found to contain anomalous gold values of between 60 ppb and 4900 ppb.

Drilling is planned along the main axis of mineralization trending WNW-ESE over a distance of 2.2 kilometers and between 400 meters and 800 meters wide. Included in the target area is a stretch of 400 meters of artisanal workings. Along the mineralization axis the drill targets are defined by soil geochemical anomalies, magnetic and IP targets, as well as lithological boundaries as revealed in artisanal hard rock excavations. A close correlation between soil geochemical results and geophysics, in particular resistivity data, is utilized as the main guideline for this phase of drilling.

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, President of Exploration and Managing Director of Douglas Lake Tanzania and a Qualified Person as defined by Canadian National Instrument 43-101.

External monitoring of the QA/QC measurements from the outset of the drilling program is provided by SRK, an International Independent consulting practice with 40 permanent offices on six continents.

[Tsuba]

DLKM ist ein toller Verein. Vor Jahren haben die schonmal Prozent und Promille

und dann in der Berichtigung Gramm mit Unzen durcheinandergeworfen.


Seit einiger zeit sind chinesen bei DLKM investiert.

Seidem geht´s den Eichhoernchen dort an die Nuesse.

Tsuba
08.08.2011




DOUGLAS LAKE ACQUIRES 100% INTEREST IN PROPERTY TO THE EAST OF MAGAMBAZI HILL IN THE HANDENI DISTRICT


Vancouver, British Columbia,

August 5, 2011 --



Douglas Lake Minerals Inc. (the "Company" or “Douglas Lake”) (OTCBB: DLKM) is pleased to announce that the Company has recently received approval from its Board of Directors to enter into the terms and conditions of a certain Mineral Property Acquisition Agreement (the “Acquisition Agreement”), with Handeni Resources Limited (“Handeni Resources”),

a local Tanzanian company, providing the Company with an exclusive option (the “Option”) to acquire from Handeni Resources a 100% interest in an area of approximately 3km2 to the east of Magambazi Hill to be amalgamated into one of the Company’s four existing prospecting licences (each a “PL”), totaling approximately 800 square kilometers, which are located in the Handeni District of Tanzania.


“We are delighted with this acquisition which fits into DLKM’s strategic grand plan within the Handeni area” commented Dr. Douglas Boateng, President and CEO of the Company.


Dr. Reyno Scheepers, President of Exploration and Managing Director for DLM (Tanzania) Ltd, stated: “This acquisition renders the effective exploration of the potential gold bearing area to the east of Magambazi hill a reality. It increases our level of control on the ground and substantially expands the potential strike distance of our drill targets. These targets, which will be part of the forthcoming drilling program, are now being prepared.


Subject to certain conditions precedent to the closing of the Acquisition Agreement, the Company is required to issue 15,000,000 restricted shares of its common stock to Handeni Resources.

It is presently expected that the Acquisition Agreement will close within the next two weeks.

For further information please contact:
Douglas Lake Minerals Inc.
Sam Sangha, Investor Relations
[phone]

[Tsuba]

PoG und System



Tansania ist ein Hort der Seriositaet gemessen an USA/NATO-Vasallen


Hoffentlich schwuchteln die Systemguenstlinge noch eine ganze Weile.


Das groesste risiko ist der Restverstand der bepelzten Systemguenstlinge.


Man kann nur hoffen. Die glauben es sind streicheleinheiten angesetzt, waehrend ihnen das fell ueber

die Ohren gezogen wird. Verdient haben es die guenstlinge des System allemal.


Ventilatione (Belueftung)

Tsuba

10.08.2011

[Hirnverteiler]

News:

DOUGLAS LAKE MINERALS INC
Symbol U : DLKM
Recent Sedar Documents
Douglas Lake Intersects Numerous Gold Bearing Zones Including Visible Gold During the First Phase of Drilling at Magambazi and Kwandege Targets


2011-09-12 08:03 ET - News Release


VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 09/12/11


Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") (OTCBBLKM) 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.

[Hirnverteiler]

Antwort auf Beitrag Nr.: 42.076.078 von Hirnverteiler am 12.09.11 17:09:28

News:


DOUGLAS LAKE MINERALS INC
Symbol U : DLKM
Recent Sedar Documents
Douglas Lake Minerals Changes Name to Handeni Gold Inc. and Receives New Trading Symbol: HNDI-OTCBB


2012-02-15 08:00 ET - News Release


DAR ES SALAAM, TANZANIA -- (MARKET WIRE) -- 02/15/12


February 15, 2012 - Douglas Lake Mining Inc. ("Douglas Lake" or the "Company") (OTCBBLKM) has effected a name change on the OTC Bulletin Board to Handeni Gold Inc. ("Handeni") as of open of business on February 14, 2012. The Company's common stock has been assigned the new OTC Bulletin Board trading symbol "HNDI" and the new CUSIP number 41024A103.

Former Douglas Lake shares will automatically convert to the new name and trading symbol without any form of consolidation, and no action is required by current shareholders.

About Handeni Gold Inc.

The Company is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania.

Safe Harbour Statements

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of exploration activities, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labour disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, title disputes or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release.

Forward looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the United States Securities and Exchange Commission (the "SEC") (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Such risks and uncertainties may include, but are not limited to, the risks and uncertainties set forth in the Company's filings with the SEC, such as the ability to obtain additional financing, the effect of economic and business conditions, the ability to attract and retain skilled personnel and factors outside the control of the Company. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with the SEC. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Contacts:
Handeni Gold Inc.
Sam Sangha
Investor Relations
[phone]