Continues to Expand the two Auriferous Zones at Tembo
Toronto, ON - January 27, 2009 - Ian F.T. Kennedy, President and CEO of Lakota Resources Inc. (LAK: TSX-V) (the �Company�) is pleased to announce the third set of assay results from the diamond drilling program on its Tembo Property in Tanzania.
The drilling indicates the North Zone is open along strike and down dip. Hole TEMDD005 the most westerly hole of the North Zone returned 0.71 g/t Au over 2.41 m contiguous with 9.80 g/t Au over 3.40 m. Hole TEMDD008 returned 2.65 g/t Au over 3.60 m beneath TEMDD002.
The South zone is open to the east and down dip and to the west where the most westerly hole TEMDD011 in the South Zone intersected 10.44 g/t Au over 1.50 m and 2.15 g/t Au over 3.50 m. Confirming the South Zone has a strike length of at least 250 m and remains open in both directions.
It would also appear that we may have a Middle zone, parallel and between the North and South zones. Hole TEMDD009 was drilled beneath TEMDD004 and was intended to intersect the upper part of a possible third structure (Middle Zone) that had yielded �bonanza� grades for the artisanal miners and to test the North Zone at depth. The hole hit an old artisanal working from 25.8-27.5 m downhole, representing a true width of about 1.3 m. This old stope was not expected from mapping of shafts on surface but probably represents a Middle Zone. No samples were assayed but the wall-rock will be sampled at a later date. TEMDD009 did, however, show that the North Zone continues to depth with significant width. It intersected 2.07 g/t Au over 3.26 m.
Significant Gold Intersections in 2008 Diamond Drilling.
Hole ID |
Section |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Comments |
DD001 |
437950 |
38.50 |
42.00 |
3.50 |
10.25 |
South Zone |
DD002 |
438000 |
67.20 |
68.70 |
1.50 |
1.30 |
North Zone |
|
|
69.70 |
71.20 |
1.50 |
1.65 |
North Zone |
DD004 |
438050 |
87.03 |
91.75 |
4.72 |
2.46 |
North Zone |
DD005 |
438110 |
79.53 |
81.94 |
2.41 |
0.71 |
|
|
|
81.94 |
85.34 |
3.40 |
9.80 |
North Zone � open to east |
DD006 |
438000 |
54.80 |
58.60 |
3.80 |
0.83 |
South Zone |
DD008 |
438000 |
100.25 |
103.85 |
3.60 |
2.65 |
North Zone, under DD002 |
inc. |
|
100.67 |
101.08 |
0.41 |
12.40 |
|
DD009 |
438050 |
142.19 |
145.45 |
3.26 |
2.07 |
North Zone, under DD004 |
|
|
147.72 |
148.25 |
0.53 |
1.28 |
|
DD010 |
438050 |
85.10 |
89.45 |
4.35 |
1.17 |
South Zone � open to east |
DD011 |
437820 |
45.10 |
46.60 |
1.50 |
10.44 |
|
|
|
56.95 |
60.45 |
3.50 |
2.15 |
South Zone � open to west |
DD012 |
438110 |
47.10 |
49.00 |
1.90 |
1.74 |
North Zone, over DD005 |
The 12-hole diamond-drill program totalling 1,865.65 metres was completed in early December 2008. The drilling returned some excellent assay results and identified two parallel, NW-trending structural zones 120-150 m apart with significant quartz and gold mineralization. Both zones are parallel to the Bulyanhulu trend, remain open along strike and to depth and warrant further diamond drilling. It should be noted that gold grades from the initial shallow drilling at Bulyanhulu were considerably lower than those returned once the main deposit was intersected at more than 200 metres below surface.
The 2008 Tembo drill program targeted gold in quartz vein mineralization within the Archaean greenstone sequence and focussed on a principal area of historic gold workings, active for more than 40 years, adjacent to a major regional structure and within the 600 m x 3.5 km area that Lakota has termed the �sweet spot�. The drill target area has not been tested geochemically, nor drilled as it is largely within the area of a former Primary Mining Licence where Lakota did not have access until 2008.
The drilling showed both zones have consistent true widths of about 3.5 m over strike lengths of at least 200 m (North Zone) and at least 250 m (South Zone) and confirmed the existence of these structures and the gold mineralization to a depth of at least 120 m below surface. To the southeast there is about 700 m of strike remaining on the North Zone and 900 m on the South Zone before reaching the common boundary with the Bulyanhulu Special Mining Licence to the east. The Bulyanhulu headframe lies a further 4.5 km to the east.
Hole TEMDD009 was intended to intersect the upper part of a possible third structure (Middle Zone) that had yielded �bonanza� grades for the artisanal miners. The hole hit an old artisanal working from 25.8-27.5 metres downhole, representing a true width of about 1.3 m. This old stope was not expected from mapping of shafts on surface but probably represents a Middle Zone. No samples were assayed but the wall-rock will be sampled at a later date.
The intersections in TEMDD011, DD001, DD006 and DD010 suggest the South Zone has a strike of at least 250 m and remains open to the east and west, possibly through the 2007 RC intersection of 36.70 g/t Au over 1 m in TEMRC056, as well as to depth. The intersections in TEMDD002/8, DD004/9 and DD005/12 suggest the North Zone has a mineralized strike of at least 200 m and remains open along strike and to depth. A southwest dip of about -60� is suggested and the grade appears to be improving with depth and to the southeast. While it is too early to say if the regional E-W shear carries significant gold mineralization as well as the NW crossing structures, it is likely that it has played an important role in the localization of the gold mineralization intersected so far.
Location & Tenure
The Company�s Tembo Project lies immediately west of Barrick Gold Corp.�s Bulyanhulu Mine in the Geita District of Mwanza Region. Tembo comprises 24 Prospecting Licences covering approximately 82.88 km2, 100% owned by Lakota. All of these licences are maintained in good standing by Lakota through payment of annual land rentals, work commitments and submission to the government of quarterly work/expenditure reports. The property is centred approximately on Latitude 3� 10� 00� S and Longitude 32� 25� 00� E or UTM 435200 E / 9650000 S (Arc 1960 Datum). All of the 2008 diamond drilling was conducted within PL 4457/2007, in or adjacent to the area previously covered by small-scale mining licence PML 625. This licence was one of three purchased by Lakota in 2000 but was only dissolved into Lakota�s surrounding PL 4457/2007 licence in late 2007, once protracted estate issues of the previous owner were resolved.
Sampling, Assays and Supervision
At the Tembo camp, samples were marked out by the Company�s geologists and the HQ or NQ2 core cut in half with a diamond saw on site. Half of the core was taken as samples with the other half being returned meticulously to the core boxes. Each sample bag was marked with the sample number and a corresponding sample tag enclosed. The bag was sealed and no further preparation was done by the Company. The initial batches of samples contain commercial standards and blanks at a frequency of approximately 10%. These were taken by Company staff to the Mwanza laboratory of SGS African Assay Laboratories for preparation. Reject material from these samples will be returned to the Tembo camp and will be resubmitted as blind duplicates in future sample batches to provide additional quality control. All analyses were carried out in Mwanza, Tanzania, by SGS African Assay Laboratories using the fire-assay me thod on a 50 g sample with atomic absorption finish.
Martin Taylor P.Geo, Vice-President Exploration of the Company, supervised the diamond drill program and the reviewed the scientific and technical information contained in this release. Mr. Taylor is the qualified person under National Instrument 43-101.
About the Company
Lakota Resources Inc. is a junior mineral exploration company. For complete details on the Company, and its partners, management encourages investors and interested parties to view its public documents filed on SEDAR at www.sedar.com.
Ian Kennedy, President and CEO
Tel: 416-598-7700
Renmark Financial Communications Inc.
Jeffery Szita : jszita@renmarkfinancial.com
Henri Perron : hperron@renmarkfinancial.com
Toronto � Tel.: 416 644-2020 / Fax: 416 644-2021
Montreal � Tel.: 514 939-3989 / Fax: 514 939-3717
www.renmarkfinancial.com
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