Douglas Lake Minerals Inc.
- ISIN US2596761047
- Country Kanada
Company profile
To take advantage of Tanzania’s rich natural resources, the DLKM has acquired 51 prospecting concessions and is in negotiations on over 80 additional concessions. Second only to Barrick Gold Corporation, the company is the next largest owner of prospecting licenses in Tanzania. DLKM’s first five concessions cover an area of more than 1,000 square kilometres, with some properties already at an advanced stage of exploration.
The first five concessions – Morogoro, ASW, Kilometre 7, Negero and Tabora – are all located along a newly discovered gold zone in the central eastern part of Tanzania. To date, mineralization in this zone has been traced by local artesian miners for over 100 kilometres and occurs in Proterozoic highly metamorphic rocks adjacent to the central Tanzanian Archean Craton. The positioning of the known gold occurrences, which exist as both alluvial and in situ rock settings, suggests a structural context and has been classed as a structurally controlled type of mineralization. DLKM has conducted initial geological prospecting that is being followed by a work program of grid establishment, geochemical soil sampling, geophysical surveying by magnetics and geological mapping.
Morogoro Property The Morogoro Property is located approximately 30 kilometres west of Morogoro. The property’s northeast corner extends approximately 26 kilometres to the west and 6 kilometres to the south. Gold has been discovered on the property currently 150 local artisan miners are reportedly producing 100-150 gms of gold a day.
ASW (Ashanti South West) Property The ASW Property (Prospecting License No. 3117/2005) is located 135 kilometres north of the city of Morogoro in east central Tanzania, and is directly adjacent to AngloGold Ashanti’s main property. It covers approximately 40 kilometres of the structural zone to the east and six to 15 kilometres to the south.
Kilometre 7 Property The Kilometre 7 Property (Prospecting License No. 3118/2005) is located 165 kilometres north of Morogoro and approximately 25 kilometres east of Anglo Gold Ashanti’s property. It covers approximately 17 kilometres of the structural zone to the east and nine kilometres to the south.
Negero (Green Hills) Property The Negero (Green Hills) Property (Prospecting License No. 2957/2005) is located approximately 150 kilometres north northeast of Morogoro and covers approximately 20 kilometres of the structural zone to the east and 10 kilometres to the south. The property is located 75 kilometres east of Anglo Gold Ashanti’s property.
Tabora and Ashanti South East Properties The company has also signed agreements to acquire the Tabora Property (Prospecting License No. 2810/2004) and the Ashanti South East Property (Prospecting License No. 2683/2004).
Douglas Lake Minerals is committed to operating under strict legal and ethical standards of all jurisdictions it works within.
The first five concessions – Morogoro, ASW, Kilometre 7, Negero and Tabora – are all located along a newly discovered gold zone in the central eastern part of Tanzania. To date, mineralization in this zone has been traced by local artesian miners for over 100 kilometres and occurs in Proterozoic highly metamorphic rocks adjacent to the central Tanzanian Archean Craton. The positioning of the known gold occurrences, which exist as both alluvial and in situ rock settings, suggests a structural context and has been classed as a structurally controlled type of mineralization. DLKM has conducted initial geological prospecting that is being followed by a work program of grid establishment, geochemical soil sampling, geophysical surveying by magnetics and geological mapping.
Morogoro Property The Morogoro Property is located approximately 30 kilometres west of Morogoro. The property’s northeast corner extends approximately 26 kilometres to the west and 6 kilometres to the south. Gold has been discovered on the property currently 150 local artisan miners are reportedly producing 100-150 gms of gold a day.
ASW (Ashanti South West) Property The ASW Property (Prospecting License No. 3117/2005) is located 135 kilometres north of the city of Morogoro in east central Tanzania, and is directly adjacent to AngloGold Ashanti’s main property. It covers approximately 40 kilometres of the structural zone to the east and six to 15 kilometres to the south.
Kilometre 7 Property The Kilometre 7 Property (Prospecting License No. 3118/2005) is located 165 kilometres north of Morogoro and approximately 25 kilometres east of Anglo Gold Ashanti’s property. It covers approximately 17 kilometres of the structural zone to the east and nine kilometres to the south.
Negero (Green Hills) Property The Negero (Green Hills) Property (Prospecting License No. 2957/2005) is located approximately 150 kilometres north northeast of Morogoro and covers approximately 20 kilometres of the structural zone to the east and 10 kilometres to the south. The property is located 75 kilometres east of Anglo Gold Ashanti’s property.
Tabora and Ashanti South East Properties The company has also signed agreements to acquire the Tabora Property (Prospecting License No. 2810/2004) and the Ashanti South East Property (Prospecting License No. 2683/2004).
Douglas Lake Minerals is committed to operating under strict legal and ethical standards of all jurisdictions it works within.