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Exploring and Developing Mineral-rich Tanzania
Douglas Lake Minerals (DLKM) is a mineral exploration company focused on exploring and developing gold, copper, nickel, uranium and diamond mining opportunities in Tanzania, a country with vast amounts of undeveloped mineral-rich natural resources. Over the past three years, the company has assembled an extensive portfolio of mineral properties and a world-class technical team to guide its growth. For 2007-2008, DLKM is focused on developing and drilling the Musoka, KM7, and Ashanti SW gold properties as well as its uranium properties near the Malawi border. DLKM’s in-house exploration activities will be augmented with joint-venture agreements with well capitalized and experienced exploration companies that have strong technical teams to help explore and develop its portfolio of properties.
Acquired 51 Prospecting Concessions;
Negotiating on 80 More
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.
Tanzania – A Premier Emerging Gold Mining Region
Tanzania, which gained its independence peacefully in 1961, enjoys the endorsement of the World Bank and the International Monetary Fund due to stable political and economic conditions. When Tanzania modernized its Mining Act in 1998, it attracted numerous international mining companies including AngloGold Ashanti, Barrick, Newmont and Placer Dome. Now the third largest gold producer in Africa, Tanzania is quickly emerging as one of the premier gold mining countries in the world.
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