Ian F.T. Kennedy, President and CEO of Lakota Resources Inc. 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. -- www.cnxmarketlink.com
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