Lakota Resources announces October diamond drilling program


    LAK: TSX-V

    TORONTO, Sept. 11 /CNW Telbec/ - Ian F.T. Kennedy, President and CEO of
Lakota Resources Inc. ("Lakota" or the "Company") commented, "Preparations are
well under way for the previously announced Fall diamond drilling program
planned at Tembo in Tanzania.
    Next month, Lakota will commence diamond drilling at Tembo on one of the
prime targets for gold in quartz vein mineralisation within the Archaean green
stone sequence. This area, Target 7, lies immediately beneath extensive
artisanal warnings where local Tanzanian miners have been extracting gold from
quartz veins for nearly 40 years. This License property was purchased by
Lakota in 2000 but was only dissolved into Lakota's surrounding licence in
late 2007, once protracted estate issues of the previous owner were resolved.
Lakota now has full access to the area and the artisanal miners have, by
agreement, decamped from the property."
    The initial 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. An area of known gold mineralization from the artisanal workings will
be tested over at least 400 metres of strike. Within this area an east-west
zone of gold-bearing quartz veins has been identified as well as at least four
northwest-trending mineralized crossing structures. All samples for assay will
be taken by Lakota to SGS African Assay Laboratories in Mwanza, Tanzania, for
preparation and gold analysis by fire assay.
    The Tembo property itself is 112 square kilometres in size and Lakota has
spent, directly or indirectly, more than $2-million (U.S.) in exploration on
Tembo, with more than 40,000 metres of rotary air-blast (RAB) and reverse
circulation (RC) drilling and 35,000 samples taken. Tembo has more than 40
gold anomalies at the base of the overburden or in the underlying saprolite in
addition to several artisanal gold sites. The October diamond drilling program
will be focussed on the principal area of historic gold workings within the
property, in the part of a major regional structure that Lakota has termed the
'sweet spot'. The drill target area has not been tested geochemically, nor
drilled as Lakota did not have access until very recently. Tembo is contiguous
to, and six kilometres west of, Barrick's Bulyanhulu gold mine.

    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


    Certain information contained in this Press Release, including any
information as to our future financial, operating or exploration performance
and other statements that express management's expectations or estimates of
future performance, constitute "Forward-Looking Statements" within the meaning
of Section 21E of the United States Securities Exchange Act of 1934, as
amended and "Forward Looking Information" within the meaning of applicable
Canadian securities legislation..
    All statements, other than statements of historical fact, are
forward-looking statements. The words "believe", "expect", "will",
"anticipate", "contemplate", "target", "plan", "continue', "budget", "may",
"intend", "estimate" and similar expressions identify forward-looking
statements. Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by management, are
inherently subject to significant business, economic and competitive
uncertainties and contingencies.
    The Company cautions the reader that such forward-looking statements
and/or forward looking information involve known and unknown risks,
uncertainties and other factors that may cause the actual financial results,
performance or achievements of the Company to be materially different from the
Company's estimated future results, performance or achievements expressed or
implied by those forward-looking statements and, the forward-looking
statements are not guarantees of future performance. These risks,
uncertainties and other factors include, but are not limited to: changes in
the worldwide price of gold, or other commodities (such as, fuel and
electricity); fluctuations in currency markets; changes in interest rates or
gold lease rates; risks arising from holding derivative instruments; ability
to successfully complete announced transactions and integrate acquired assets;
legislative, political or economic developments in the jurisdictions in which
the Company carries on business; operating or technical difficulties in
connection with exploration, development or mining activities; employee
relations; availability and increasing costs associated with exploration or
mining inputs and labour; the speculative nature of exploration and
development, including the risks of obtaining necessary licenses and permits
and diminishing quantities or grades of reserves; adverse changes in our
credit rating, contests over title to properties, particularly title to
undeveloped properties; and the risks involved in the exploration, development
and mining business. Accordingly, readers should not place undue reliance on
forward-looking statements and/or forward looking information
    The Company disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise, except as required by applicable law.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.
    %SEDAR: 00008258E

For further information:

For further information: Ian Kennedy, President and CEO, (416) 598-7700;
Renmark Financial Communications Inc.: Jeffery Szita:; Henri Perron:, (514)
939-3989, Fax: (514) 939-3717;

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890