When a company is working in the mining business it needs to think on a fairly large scale. Its operations can often extend to dozens of square kilometers. When, however, a good find in a historically active mining region is found, holdings and profits can start to exceed a “regular person’s” common perception of reasonable land ownership and potential profit.

Douglas lake Minerals Inc., an exploration and development mining company, works to locate and develop gold, silver, copper and diamond concessions. The company is currently working to develop concessions in Tanzania.

In recent quarters, the company has been aggressively adding mining concessions with positive testing results. Its Morogoro Tanzania concession has shown indications of significant gold and diamond deposits in excess of initial results (many at shallow depths.) To this end, the company has entered into a strategic partnership with Canaco Resources Inc. to locate and construct infrastructure within the property. Upon completion of trails, pads and other living accommodations, initial drilling operations will commence. Active workings at the concession have shown between .5 and 177.5 gr./tonne, selected ore from local miners 25.2 gr./tonne and sample tailings 3.39 gr./tonne.

Perhaps the most attractive aspect of this mining company is its use of the royalty system for concession rights. Generally, this avenue of ownership helps the company’s stock trade at a premium as joint venture partners bare the majority of the risk while the company’s shareholders find less stock dilution. As the company moves forward, it expects to receive revenue from its joint ventures and become 100% owners in selected, if not all, of its properties. From a forward looking perspective, this will bode well for the company as it works toward becoming Tanzania’s largest holder of mining concessions.

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