Douglas Lake Minerals recovers 41 diamonds from samples which confirms dimanodiferous alluvial potential at Magembe Property
The exploration at Magembe is being conducted under the terms of an option agreement with Canaco Resources whereby Canaco can earn 75 per cent interest in the property through cash and share payments and spending
The sampling of Magembe alluvial gravels was conducted as part of Phase I exploration, the objective of which was to confirm and evaluate indicated diamond potential from both alluvial and kimberlitic sources.
To date, 60 samples weighing a total of 12.4 tonnes have been processed from a total 45.9 tonnes of alluvial gravels from 220 samples collected in 2008. A total of 41 diamonds and diamond cleavages have been recovered from 12 of the 60 samples, with the largest stone weighing 0.22 carats. Importantly, the positive results are evenly spread over the sample region confirming the presence of diamondiferous gravels within the 900 metres by 100 metres area from where the processed samples were collected.
Of note is the fact that the recovered diamonds represent two distinct populations with respect to degradation, indicating two different sources; one proximal and one distal. The provenance of the recovered diamonds cannot be identified with certainty; however, the alluvial gravels of the Magembe property lie 5km south east of the
The Magembe property is part of a two-kilometer buffer zone created to surround the
The 60 samples were processed to heavy mineral concentrates by Seamic laboratories (an affiliate lab of SGS) in Dar es Salaam,
The processing of the remaining 160 samples is ongoing and results will be reported as they become available.
The planning, execution and quality control programs at the Magembe diamond project are under the supervision of
DLKM is an emerging mineral exploration company focused on exploring and developing mining opportunities in
This release contains forward-looking statements, which involve risks and uncertainties. Complete forward-looking statement available at www.douglaslakeminerals.com/forwardlooking.html
SOURCE Douglas Lake Minerals