| Risk and valuation analysis of the Magembe Project |
| Status Risk : Early Discovery |
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| Title(s) of the Magembe Project |
 | Douglas Lake Minerals
: 100% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| The mineral title to the Magembe property is owned 100% by Douglas Lake Minerals Ltd. |
 | Canaco Resources Inc
Option on interest: 75% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| The mineral title to the Magembe property is owned 100% by Douglas Lake Minerals Ltd. Canaco Resources Inc. has the right to earn up to a 75% of Douglas Lake’s interest in the property through payments of cash and shares and undertaking a commitment to exploration as defined in terms of an Option Agreement between the two companies signed in March 2007. |
 | Midex Gold Corp |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Location of the Magembe Project |
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The Magembe Project is a diamond exploration target located in northern Tanzania. The Magembe property is comprised of one claim covering 46.05 km², PL 3920. The property is located along the main paved highway between Shinyanga and Mwanza, approximately 35 km NNW of Shinyanga town.
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| History of the Magembe Project |
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The Mwadui kimberlite was discovered by Canadian geologist Dr John Williamson in 1940. The kimberlite pipe covers 1.46 km² and was ranked then as the largest economically exploitable pipe in the world. No other economic pipe of this size has been min more...
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| Geology of the Magembe Project |
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The Magembe Property is located in the Tanzania Craton of Archaean age, which comprises of granitoid, mafic and ultramafic volcanics and intrusives, schistose meta-sediments, quartzite, porphyry (dykes and masses) and felsic volcanics. The stratigrap more...
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