LAKOTA RESOURCES INC.
TSX VENTURE : LAK

LAKOTA RESOURCES INC.

January 18, 2007 15:02 ET

Lakota Defines Multiple Drill Targets on Tembo

TORONTO, ONTARIO--(CCNMatthews - Jan. 18, 2007) - Lakota Resources Inc. (the "Company") (TSX VENTURE:LAK) is pleased to announce gold results from additional grab samples of artisanal workings on the Company's 100% owned TEMBO project in Tanzania. A total of 257 grab samples were collected from 7 zones of artisanal pits excluding the 88 previously reported samples collected from one zone (see Press Release dated Dec. 19, 2006). Illustrated on Figure 1 are the Company's property boundaries, Barrick Gold's Bulyanhulu gold mine and geological orientation, and the sampled artisanal zones with corresponding figure.

To view Figure 1. Map illustrating the TEMBO PROJECT property and areas sampled, please click the link below:

http://www.ccnmatthews.com/docs/lak_map1.pdf

Artisanal miners assisted in collection of samples from exploited quartz veins, as well as from their host rocks. In addition, a few representative random samples were collected from surface rock piles. Gold occurs in the quartz veins and in mafic volcanics that host quartz veins. Pyrite, pyrrhotite and chalcopyrite were observed in some of the samples. Table 1 lists the number of samples collected from each artisanal zone and the number of samples illustrated on the corresponding figure. Generally only those samples that returned a value of 0.50 g/t gold or higher are illustrated on Figures 2 through 9, however, occasionally a lower but elevated gold value has been plotted to assist with interpretation.



Table 1. Summary of grab samples collected from each artisanal zone.

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FIGURE illustrating Number of Number of Interpreted orientation
the artisanal zone(i) samples samples of gold bearing zone
collected plotted
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2 14 3 northwest
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3 94 39 northeast
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4 18 4 east-northeast
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5 9 2 east-northeast
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6 44 16 northwest and west
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7 6 3 northeast
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8 88 45 northeast
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9(ii) 72 18 northeast
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Notes: (i)see Figure 1 for the location of the artisanal zones illustrated
on Figures 2 through 9.
(ii)analytical data has only been obtained for 34 of the 72 collected
samples from this zone.


To view Figure 2. Gold values in grab samples from an artisanal zone (see Fig.1 for location), please click the link below:

http://www.ccnmatthews.com/docs/lak_map2.pdf

To view Figure 3. Gold values in grab samples from an artisanal zone (see Fig.1 for location), please click the link below:

http://www.ccnmatthews.com/docs/lak_map3.pdf

To view Figure 4. Gold values in grab samples from an artisanal zone (see Fig.1 for location), please click the link below:

http://www.ccnmatthews.com/docs/lak_map4.pdf

To view Figure 5. Gold values in grab samples from an artisanal zone (see Fig.1 for location), please click the link below:

http://www.ccnmatthews.com/docs/lak_map5.pdf

To view Figure 6. Gold values in grab samples from an artisanal zone (see Fig.1 for location), please click the link below:

http://www.ccnmatthews.com/docs/lak_map6.pdf

To view Figure 7. Gold values in grab samples from an artisanal zone (see Fig.1 for location), please click the link below:

http://www.ccnmatthews.com/docs/lak_map7.pdf

To view Figure 8. Gold values in grab samples from an artisanal zone (see Fig.1 for location), please click the link below:

http://www.ccnmatthews.com/docs/lak_map8.pdf

Note: This Figure was presented in Press Release dated Dec. 19, 2006 and is presented herein to maintain completeness of this document.

To view Figure 9. Gold values in grab samples from an artisanal zone (see Fig.1 for location), please click the link below:

http://www.ccnmatthews.com/docs/lak_map9.pdf

All of the sampled east northeast as well as northwest trending quartz veins in the artisanal workings are situated in the interpreted stratigraphic equivalence of the footwall zone of the northwest trending, northeast dipping, Barrick Gold Corporation's Bulyanhulu gold mine situated approximately 6 kilometres to the east southeast with the exception of the artisanal zone illustrated on Figure 2 and referenced on Figure 1.

The continuing rock grab sampling program has been successful in indicating the presence of gold within a number of quartz veins hosted predominantly within mafic volcanics; locally, felsic volcanics are present. Observed quartz vein thicknesses in the various artisanal zones varies from less than a metre to approximately 3 metres, however, the true thickness of the gold bearing quartz veins is not known. It has been reported that gold at the Bulyanhulu gold mine is hosted in quartz veins, over a strike length of 5 kilometres and averages 2 to 3 metres wide (Barrick website, 2006) within argillite at the contact between mafic and felsic rocks. Year-end 2005 proven and probable reserves at Bulyanhulu were reported to be 25.916 million tons grading 0.414 ounces gold per ton for a total of 10.732 million ounces of contained gold. Gold production from Bulyanhulu was 311,000 ounces in 2005. (see www.barrick.com).

The mapping and grab sampling program of artisanal workings on the TEMBO project is on-going. Selected areas of the sampled artisanal workings will be targeted for reverse circulation (RC) drilling during Q1-2007.

The sample preparation and gold analysis by fire assay with atomic adsorption finish of a 50 gram pulp were carried out by SGS Laboratories in Mwanza. Blanks and commercial standards were inserted randomly with the samples submitted for preparation and analysis.

Martin Taylor P.Geo, consultant to the Company, and Stanley Robinson P.Geo, President of the Company, supervised the exploration programs. Stanley Robinson, P.Geo is the qualified person under National Instrument 43-101 who has reviewed the scientific and technical information contained in this release.

This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates, accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. 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 to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements 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.

Outstanding Shares: 44,298,523

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Vantage Communications Ltd.
    Kyle Johnston
    Investor Relations
    (778) 785-0398
    or
    Lakota Resources Inc.
    Stanley Robinson
    President
    (416) 368-1447 or Cell: (416) 505-2856
    (416) 368-8957 (FAX)
    Email: info@lakotaresources.ca
    Website: www.lakotaresources.ca