Lakota Resources Inc

Published : January 27th, 2009

Continues to Expand the two Auriferous Zones at Tembo

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Keywords :   Commodities | Derivative | Diamond | Gold | Tanzania |

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

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
  No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.  All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of Lakota Resources Inc. There can be no assurance that such statements will prove to be accurate.  Actual results and future events could differ materially from those anticipated in such statements.  These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their ent irety by this notice. Lakota Resources Inc. assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

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.

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Data and Statistics for these countries : Tanzania | All
Gold and Silver Prices for these countries : Tanzania | All

Lakota Resources Inc

EXPLORATION STAGE
CODE : LAK.V
ISIN : CA5129001015
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Lakota Res. is a gold exploration company based in Canada.

Lakota Res. holds various exploration projects in Canada and in Tanzania.

Its main exploration properties are IKUNGU, TEMBO and IKINA REEFS in Tanzania and VIKING - YELLOWKNIFE in Canada.

Lakota Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 493 695 as of today (US$ 379 404, € 343 702).

Its stock quote reached its highest recent level on December 31, 2004 at CA$ 3.93, and its lowest recent point on May 27, 2016 at CA$ 0.01.

Lakota Res. has 24 684 726 shares outstanding.

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