Clarification respecting June 11, 2008 news release
Tue Jun 17, 7:58 PMDouglas Lake announces restated soil sample results
VANCOUVER, June 17 /CNW/ - (OTCBB-DLKM) Douglas Lake Minerals Inc. (the "Company" or "Douglas Lake") today clarified the results originally published in its recent June 11, 2008 news release by confirming that it has learned that Echo Tech Laboratories' originally reported test results should have reported in parts per billion (PPB), rather than in parts per million (PPM) as originally stated, in connection with the six soil samples taken from the company's Mbwemkuru property.
Those restated results are now as follows:
- MAH 1: 7.96 g/t (grams per tonne)
- MAH 2: 40.83 g/t
- MAH 3: 3.26 g/t
- MAH 4: 0.390 g/t
- MAH 5: 0.07 g/t
- MAH 6: 4.35 g/t
- Overall Average: 9.48 g/t
About Douglas Lake
Douglas Lake is an emerging mineral exploration company focused on exploring and developing gold, copper, nickel, uranium and diamond mining opportunities in Tanzania. Douglas Lake has a portfolio of 55 prospecting concessions and is negotiating to acquire additional property interests. For more information go to www.douglaslakeminerals.com.
Stock Exchange Information:
OTCBB Symbol: DLKM
Frankfurt Stock Exchange Symbol: D6O.F
Forward-Looking Statement Disclaimer
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 laws. 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". In particular, statements concerning mineral resource estimates should be viewed as forward-looking statements to the extent that they involve estimates of the mineralization that are anticipated to be encountered if the property is developed.
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 annual and quarterly reports on Form 10-KSB and Form 10-QSB as filed with the SEC (available at www.sec.gov). Such risks and uncertainties may include, but are not limited to: the actual results of our exploration activities; variations in the underlying assumptions associated with the estimation or realization of mineral resources; the availability of capital to fund our exploration and work programs and the resulting dilution caused by the raising of capital through the sale of shares; accidents and labour disputes; and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits 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.
These forward-looking statements are made as of the date of this news release, and, except as required by applicable law, 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. 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 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.
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