Dakar Resource Corp.
TSX VENTURE : DKR

August 15, 2012 09:30 ET

Dakar Resource Corp. Announces Commencement of Phase 2 Drill Program on NAP Claims

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2012) - Mr. Allen Wilson, President and CEO of Dakar Resource Corp. ("Dakar") (TSX VENTURE:DKR) reports that the second phase drill program has begun on its NAP copper-gold-silver-zinc exploration property 40 Km south of Kamloops B.C. Dakar is targeting several intersecting and subparallel near surface IP anomalies. The targets also host copper-gold-silver mineralized rock, trench and soil samples extending over a 1,000 by 300 metre east trending area. All zones are open to the east, south, west and to depth.

The first hole, N12-001 is located 200 metres west of hole N11-001. Hole N11-001 intersected 0.26% copper, 0.37 g/t gold and 3.1 g/t silver over a drilled near true width interval of 15.8 m. Hole N12-001 is testing the eastern extension of a 400 metre long IP anomaly that also hosts historic surface rock samples that returned between 0.28 and 1% copper, .065 to 0.84% zinc, up to 4.6 g/t silver and anomalous gold over a 1 hectare area.

Proposed hole N12-002 is 150 metres NE of Hole N12-001 and 150 metres NW of hole N11-001 and is also targeting an IP anomaly with historic mineralized rock samples grading between 0.03 and 0.7% copper, 25 to 580 ppb gold and trace to 14.7 g/t silver.

Proposed hole N12-003 is 190 metres ESE hole of N12-001 and 100 metres SSE of hole N11-001 and is located to test the eastern part of an IP anomaly that may represent the underlying signature of the mineralization intersected in Hole N11-001, and extending to hole B12-002.

Proposed hole N12-004 is located 100 metres NW of hole N12-001 is located to test the northern or eastern edge of a very strong IP anomaly that appears to extend to all 2012 drill targets.

Dakar will earn a 100% interest in the NAP property by paying $152,000 cash ($12,000 paid), issuing 500,000 shares (200,000 issued) and incurring $1 million work commitments ($125,000 spent) over a 4 year period.

ON BEHALF OF THE BOARD

Allen Wilson, President, C.E.O. and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Dakar Resource Corp.
    Allen Wilson
    President, C.E.O. and Director
    (604) 240-4349
    (604) 681-4760 (FAX)