Lakota Resources Inc. (LAK, TSX-V) is pleased to provide an update on the results of diamond drill (DD) holes and of the last reverse circulation (RC) fence in the first phase of the 2008 drilling program on the Isambara project, located 28 km north of the Tulawaka Gold Mine in Tanzania.
Lakota's joint venture partner MDN Inc. reported on September 15th:
Drill hole ISDD-16 intersected 108.00 g/t gold over 1 m in a wider zone of 2.9 m grading 33.88 g/t gold. The intersection comes from the Isambara shear 200 m south of the East Target and 70 m below an intersection of 7.67 g/t gold over 1 m in ISRC-104 (reported on August 1, 2007).
Drill hole ISRC-233 intersected 10.51 g/t gold over 2 m and drill hole ISRC-234 intersected 9.45 g/t gold over 1 m in the Isambara shear halfway between the closest intersections in the Central and East Targets linking the two mineralized zones. MDN interpretation is that the Central and East Targets now contain continuous mineralization over 1,700 m of strike length and are still open at depth and along strike.
MDN commented that 'these impressive results confirm additional gold mineralization along the Isambara shear and its attractiveness'.
The objective of the 2008 diamond drilling program was to follow-up and understand the geological controls of various RC intersections outside the East Target. The 10 diamond drill holes, totalling 1,817.60 m, were drilled in the south of the licensed area, primarily on mineralized satellite structures to the Isambara shear. The last fence, of the first phase, of the RC drill program was comprised of six holes totalling 593 m, drilled in a swampy area between the East and the Central Zones that was not accessible earlier during the rainy season.
All samples were analyzed by fire assay at the SGS laboratories in Tanzania, certified under international standards. A rigorous program of analytical grade verification implemented by MDN included 12% control samples. Technical information in this press release was verified and approved by geologist Dominique Fournier, Ph.D., who acted as a qualified person in accordance with NI 43-101.
The Isambara licence is part of the Simba project, a partnership between MDN (70%) which is the operator, Lakota Resources (15%) of Toronto, and Jope Business Associates (15%) of Dar-es-Salaam. Isambara covers a territory of 40 km2 and is located 28 km north of the Tulawaka Gold Mine. -- www.cnxmarketlink.com
Comment and add to the story without registration, but keep the comments meaningful please. Links are not accepted.
