Ian F.T. Kennedy, President and CEO of Lakota Resources Inc. announce assay results from the first diamond drill-hole hole on its Tembo Property. A zone of multiple quartz veins within the host mafic volcanic rocks averaged 10.15 g/t Au over 3.50 metres from 38.50 – 42.00 metres down hole TEMDD001. Analyses were carried out in Mwanza, Tanzania, by SGS African Assay Laboratories using the fire-assay method with atomic absorption finish. Supervision of the program and review of the technical information in this release was carried out by Martin Taylor, P.Geo., Vice-President Exploration of the Company who is a qualified person under the requirements of NI 43-101.
TEMBO Drill Program
On October 14, 2008, the Company commenced an initial 2,000 metre diamond drill program of 12 planned holes at the Tembo Project in Tanzania on one of the prime targets for gold in quartz vein mineralisation within the Archaean greenstone sequence. Tembo is contiguous with and six kilometres west of Barrick’s Bulyanhulu gold mine.
The current program is focussed on Target 7, the principal area of historic gold workings within the property, which lies within that part of a major regional structure that Lakota has termed the ’sweet spot’. The drill holes are targeting mineralization immediately beneath extensive artisanal workings where local Tanzanian miners have been extracting gold from quartz veins for more than 40 years. Several other artisanal gold sites on Tembo are untested by drilling.
Target 7, which lies within a former Primary Mining Licence (PML 625) is owned 100% by Lakota and part of the Tembo Property. PML 625 was dissolved into Lakota’s surrounding licence in late 2007, once protracted estate issues of the previous owner were resolved. The drill target area has not been tested geochemically, nor drilled as Lakota did not have access until 2008.
The planned drill program will consist of approximately 2,000 metres of diamond drilling in 12 holes, each of which is anticipated to be 150-200 metres in length spread over at least 400 metres of strike. Within this area, an E-W zone of gold-bearing quartz veins has been identified as well as at least four northwest-trending mineralized crossing structures. Within the area to be tested by the drilling, the artisanal miners focussed on two distinct zones, a Southern Zone and a Northern Zone, separated by up to 100 metres. Both Zones will be tested by the current drill program.
Hole TEMDD001 was drilled at an azimuth of 030 degrees and a dip of -60 degrees to a total depth of 150 metres on the Southern Zone and targeted the main east-west structure at its intersection with one of the NW structures. A shear zone from 38.5-42.0 metres in the hole contained multiple quartz veins up to 40 cm in thickness. Seven consecutive 0.50 metre samples returned assays from 4.23-32.60 g/t Au, averaging 10.15 g/t Au over 3.50 metres. It is believed that this intersection and the shear zone represent quartz veins in the main E-W regional structure.
To date, four (4) more holes, Holes TEMDD002 to 005 have been drilled across the Northern Zone at 60 metre separation on strike. After TEMDD005 is completed it is expected the drill will move back to the Southern Zone to drill three (3) holes, two (2) to bracket to the East and West (sites A and B) and then one (1) to drill beneath the intersection in hole TEMDD001.
The appended map illustrates the extent of the Artisanal workings on former PML 625. Each black square is a shaft in hard rock and the circles represent shafts in the eluvial rubble. The drilling began on the Southern Zone of the target with TEMDD001. Holes TEMDD002 to 005 are in the Northern Zone. Holes A through E are planned holes. The map grid is on a 100 metre spacing.
Assays are not available for TEMDD002 to 005 and, it is the Company’s policy not to announce details of any hole(s), except location and structure, until assays have been received for the hole(s).
At the Tembo camp, samples were marked out by the Company’s geologists and the 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 and a sample tag enclosed. The bag was sealed and no further preparation was done by the Company. The initial batch of samples, together with 3 commercial standards and 3 blanks (9% QC), was taken in person by Martin Taylor to the Mwanza laboratory of SGS African Assay Laboratories for preparation and analysis by 50 g fire-assay with atomic absorption finish. 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.
Martin Taylor P.Geo, Vice-President Exploration of the Company, supervised the diamond drilling. Mr. Taylor is the qualified person under National Instrument 43-101 who has reviewed the scientific and technical information contained in this release.
Mr. Kennedy commented ‘the exciting and significant results in TEMDD001 and the structural continuity encountered in the holes now drilled in the Northern Zone are very encouraging and will certainly warrant a considerably larger drill program to test these very promising gold zones.’
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.