December 18, 2006 13:10 ET

Lakota Announces TEMBO Aircore Drill Results

TORONTO, ONTARIO--(CCNMatthews - Dec. 18, 2006) - Lakota Resources Inc. (the "Company") (TSX VENTURE:LAK) is pleased to announce additional results from an Aircore ("AC") drilling program on the Company's 100% owned TEMBO project. Previously, results from approximately 60% of the 1,221 AC drill holes comprising 13,090m were announced (see press release dated October 30, 2006). The holes subject to this release targeted areas of the property, not previously explored. These AC holes were spaced at 400m x 50m and collared in the interpreted stratigraphic equivalence of the hangingwall zone of Barrick Gold Corporation's Bulyanhulu gold mine situated approximately seven kilometres to the southeast. The AC drilling of shallow holes enabled the collection of regolith (soil) and saprolite (weathered bedrock) geochemical samples beneath a transported cover that varies in thickness from several metres to approximately 30m.

An 800m long by 50m to 150m wide arcuate shaped clustering of anomalous gold values in saprolite was defined on 3 AC lines spaced at intervals of 400m apart. Gold values include 76 ppb Au, 113 ppb Au, 556 ppb Au, and 105 ppb Au. Regolith samples were only collected from some of these AC holes as suitable sampling medium was not always present. A coincident anomalous regolith gold value of 163 ppb Au was obtained.

Several isolated coincident anomalous gold values were returned from the regolith and saprolite pair of samples collected from the same AC drill hole, as follows:

AC hole Regolith Saprolite
(ppb Au) (ppb Au)

AC1285 133 69
AC1032 353 196
AC1364 648 30

Two anomalous gold values in regolith, 770 ppb Au and 432 ppb Au, are tentatively interpreted to represent a northwest trending linear gold-in-regolith anomaly over a minimum strike length of 1 kilometre. Elsewhere, three isolated gold values in saprolite, 932 ppb Au and 1,640 ppb Au (or 1.64 g/t Au) and 199 ppb Au were obtained.

These widely spaced AC holes intersected quartz veins within felsic, mafic and argillitic rocks interpreted to be the northwest strike extension of the lithological sequence that hosts Barrick's Bulyanhulu gold mine.

Preliminary geochemical sampling by widely spaced AC drilling has been successful in returning anomalous gold values in both regolith and saprolite samples. Management believes that additional in-fill AC drilling is warranted to refine the areas hosting anomalous gold values in order to define the orientation of the gold-in-regolith and gold-in-saprolite areas for further evaluation through reverse circulation (RC) drilling.

The sample preparation for all of the TEMBO samples was carried out by ALS Chemex in Mwanza and pulps were shipped to ALS Chemex in Johannesburg, South Africa for analysis by low-level detection ICP. Field duplicates, blanks and commercial standards were inserted randomly with each batch of 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

  • Lakota Resources Inc.
    Randy Koroll
    Chief Financial Officer
    (416) 368-1447
    (416) 368-8957 (FAX)
    Lakota Resources Inc.
    Stanley Robinson
    (416) 368-1447
    (416) 368-8957 (FAX)