April 03, 2007 03:05 ET

Lakota Announces 7.03 g/t Gold Over 4m in RC Drilling on Tembo

TORONTO, ONTARIO--(CCNMatthews - April 3, 2007) - Lakota Resources Inc. (the "Company") (TSX VENTURE:LAK) is pleased to announce gold assay results from an additional 22 Reverse Circulation (RC) drill-holes on the Company's 100% owned TEMBO project in Tanzania. A total of 4,505 metres of reverse circulation drilling in 66 holes (RC030 to RC095) have been completed since November 2006. Gold intersections, greater than 0.15 g/t obtained in holes RC060 to RC081 are summarized in Table 1 and illustrated on Figure 1. Previously announced gold values obtained in holes RC030 to RC059 (see Press Release dated March 29, 2007) are also illustrated herein on Figure 2, together with results listed in Table 1.

Table 1. Summary of gold intersections in RC drill-holes on TEMBO project.

HOLE From To Interval Gold
(m) (m) (m) (g/t)
RC060 6.00 7.00 1.00 1.08
27.00 28.00 1.00 0.21
RC061 40.00 41.00 1.00 0.23
63.00 64.00 1.00 0.68
RC063 1.00 8.00 7.00 0.32
includes 3.00 5.00 2.00 0.80
RC066 4.00 6.00 2.00 0.87
includes 4.00 5.00 1.00 1.51
16.00 17.00 1.00 0.87
RC067 20.00 22.00 2.00 0.78
includes 21.00 22.00 1.00 1.16
68.00 74.00 6.00 0.22
87.00 88.00 1.00 0.15
RC068 4.00 5.00 1.00 0.18
56.00 64.00 8.00 1.19
includes 56.00 61.00 5.00 1.81
RC072 47.00 48.00 1.00 0.15
RC073 17.00 18.00 1.00 0.49
RC075 2.00 3.00 1.00 0.19
29.00 30.00 1.00 0.29
35.00 37.00 2.00 1.48
includes 36.00 37.00 1.00 2.85
RC076 53.00 54.00 1.00 0.19
RC077 18.00 22.00 4.00 0.31
RC078 41.00 48.00 7.00 0.60
includes 42.00 45.00 3.00 1.02
52.00 53.00 1.00 0.90
RC079 23.00 29.00 6.00 4.73
includes 24.00 28.00 4.00 7.03
RC079 42.00 43.00 1.00 0.18
RC080 24.00 25.00 1.00 1.28
35.00 43.00 7.00 0.60
includes 41.00 43.00 2.00 0.99
RC081 24.00 27.00 3.00 1.02
Holes RC082 to RC095 inclusive - assay data not received

Figure 1. Map illustrating drill collar locations and gold intersections. To view, please visit the following link:

All of the holes listed in Table 2 were collared in the southern portion of the TEMBO project within 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. The true thickness of the gold bearing intersections listed in Table 1 is unknown. The strike direction of the intersected gold bearing zones is interpreted to be normal to the orientation of the linear gold geochemical anomalies drilled, and illustrated on Figures 1 and 2 however this has not been confirmed. Also, the dip directions and amounts, for each of the intersected gold bearing zones, have not been established.

Figure 2. Map illustrating the RC drill collars and gold intersections, and interpreted linear geochemical gold anomalies. To view, please visit the following link:

Stanley Robinson, President of Lakota stated that "the gold values obtained in the RC drill cuttings confirms that the Company's methodical approach of geochemical sampling to delineate gold in soil/regolith and/or bedrock is successfully discovering gold in in-situ bedrock beneath a transported cover. All of these newly discovered gold occurrences warrant follow-up drilling."

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

The sample preparation was carried out by ALS Chemex Laboratories in Mwanza and gold analysis by fire assay (FA) with Atomic Absorption (AA) finish of a 50 gram pulp were carried out by ALS Chemex in Johannesburg, South Africa. Blanks, duplicates and commercial standards were inserted randomly with each sample batch submitted for preparation and analysis.

Martin Taylor P.Geo, consultant to the Company, and Stanley Robinson P.Geo, President of the Company, supervised the RC drilling. 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.

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Contact Information

  • Vantage Communications Ltd.
    Kyle Johnston
    Investor Relations
    (778) 785-0398
    Lakota Resources Inc.
    Stanley Robinson
    (416) 368-1447 or Cell: (416) 505-2856
    (416) 368-8957 (FAX)