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Chinese Institute of Geology and Mineral Resources to Visit Douglas Lake Minerals'...
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Chinese Institute of Geology and Mineral Resources to Visit Douglas Lake
Minerals' Properties
VANCOUVER, British Columbia, March 31, 2008 (PRIME NEWSWIRE) -- Harp Sangha,
CEO/President of Douglas Lake Minerals Inc. (OTCBB:DLKM), announced today the
company has finalized details of the itinerary for a visiting delegation of
senior geologists from three Chinese mining institutes, lead by the Tianjin
Institute of Geology and Mineral Resources (TIGMR) to tour the companies
properties.
"After completing their due diligence, the visiting members of TIGMR, Tianjin
Geological Research Institute and the Tianjin Institute of Northern China
Geological Exploration confirmed their intent to take an official tour of our
Tanzanian properties this April," stated Harp Sangha. "The trip was planned
after conducting several high level meetings in Beijing to review the potential
of our 51 properties. Originally slated to be a 10-day tour, the five senior
officials have decided to lengthen their trip to 18 days to enable them to more
thoroughly assess our properties.
"China is currently the largest investor in African infrastructure. Now they're
going further downstream to acquire earlier stage projects. They have a strong
desire to partner with companies such as ours that have properties with
significant potential," stated Sangha. "The institute has stated that if our
properties meet their expectations, they're prepared to commit a substantial
investment to enable the company to implement a significant exploration program
led by our Tanzanian geological team."
About THE Institute (TIGMR)
The Tianjin Institute of Geology and Mineral Resources and its partners are
subsidiaries of the China Geological Survey, a department of the Chinese
Ministry of Land and Resources. Established in the early 1960s, TIGMR deals
directly with the ministry and the Central Government, and routinely assists the
Government with special geological projects conducted in China and worldwide.
Since its founding, TIGMR has achieved numerous earth sciences accomplishments
throughout several major geological units of China. The institute has
accumulated significant scientific experience through its findings and related
basic studies in Precambrian and Quaternary Geology, paleobotany and
paleontology. The institute currently has 380 professionals, most with advanced
degrees and some with international renown.
About Douglas Lake
DLKM is an emerging mineral exploration company focused on exploring and
developing gold, copper, nickel, uranium and diamond mining opportunities in
Tanzania. DLKM has a portfolio of 51 prospecting concessions and is negotiating
to acquire an additional 80. For more information go to
www.douglaslakeminerals.com.
The Douglas Lake Minerals Inc. logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=4345
This release contains forward-looking statements which involve risks and
uncertainties. A complete forward-looking statement is available at
www.douglaslakeminerals.com/forwardlooking.html.
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CONTACT: Douglas Lake Minerals Inc.
Harp Sangha, CEO / President
604-669-0323
Cell: 604-825-1309
Fax: 604-669-3645
harpsangha@shaw.ca
www.douglaslakeminerals.com
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