February 19, 2007 16:13 ET

Lakota Defines Drill Targets on Nikonga Project

TORONTO, ONTARIO--(CCNMatthews - Feb. 19, 2007) - Lakota Resources Inc. (the "Company") (TSX VENTURE:LAK) is pleased to announce the results of gold values obtained in soil samples collected from the NIKONGA project in Tanzania. Anomalous gold-in-soil values have delineated two parallel 1.5 kilometre long northwest oriented anomalies each approximately 400 metres wide as illustrated on Figure 1. In addition four isolated anomalous gold-in-soil anomalies were obtained. Sample details including statistical analysis are also presented on Figure 1.

To view Figure 1. Map illustrating the gold in soil values on the NIKONGA project, please click the link below:

Soil/regolith samples were collected from the northern portion of the property at 100 metre intervals on north-south oriented lines spaced at 400 metre intervals. The eastern portion of the property was infilled at 50 metre intervals on north-south lines spaced equally between the original 400 metre spaced lines. The southern portion of the property will be soil/regolith sampled once permission to work in the forest and game reserve is obtained.

The area sampled is underlain in the east by the Nyanzian greenstones. Overlying the Nyanzian to the north and west is the Kavirondian sequence of greenstones and metasediments. The gold-in-soil anomaly is truncated by the interpreted lithological contact implying that the Kavirondian sequence is masking the anomalous gold values in the underlying Nyanzian greenstones.

Active artisanal gold mining that is being carried out on the eastern boundary of the property coincides with the anomalous gold-in-soil values.

The Company intends to evaluate the two parallel northwest trending gold-in-soil anomalies with a minimum of 2,000 metres of rotary air blast (RAB) drilling as soon as a drill rig can be obtained. The four isolated gold-in-soil anomalies will initially be evaluated with infill soil sampling.

The Nikonga Project covers approximately 51 square kilometres of unexplored greenstones in the western end of the Ushirombi Greenstone belt. Lakota has the right to earn a 100% interest in this property through cash payments totalling US$100,000 over four years and incurring US$200,000 in exploration expenditures (see Press Release dated July 19, 2006).

The sample preparation was carried out by ALS Chemex Laboratories in Mwanza, Tanzania and gold analysis by fire assay with ICP finish of a 30 gram pulp was carried out by ALS Chemex Laboratories in Johannesburg, South Africa. Blanks, field duplicates 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.

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
    Lakota Resources Inc.
    Stanley Robinson
    (416) 368-1447 or Cell: (416) 505-2856
    (416) 368-8957 (FAX)