Lakeland Resources Announces Commencement of Drilling on the Midas Gold
Property, Ontario and Appointment of Mr. Bob Duess to Board
March 7, 2011 – Lakeland Resources Inc. (TSXv: LK) (the "Company" or “Lakeland”) is
pleased to announce the commencement of exploration drilling on the Midas Gold Property
located near Wawa, Ontario.
A diamond drilling program of a minimum of 1,500 metres is planned as a first phase of
exploration drilling on the project. The drill program will test several targets that have been
identified following the completion of an induced polarization (“IP”) ground geophysical survey
that was completed as a follow up to prospecting and sampling in 2010.
The Midas Gold Property is road accessible and consists of 5 unpatented mining claims
encompassing 43 claim units (688 hectares) located in the Michipicoten Greenstone Belt, Sault
Ste. Marie Mining Division. Prospecting in 2010 returned gold concentrations from grab
sampling up to 14.3 g/t gold in the southeast of the property and 0.86 g/t approximately 200
meters away to the west. Both anomalous areas are proximal to IP chargeability trends that will
be tested by drilling.
The gold values at the Midas Property have been returned from quartz-pyrite stringers in
carbonate and silica altered mafic volcanic flows. This type of mineralization is similar to that at
the nearby Island Gold Mine-Mill Complex operated by Richmont Mines Inc. (TSX: RIC). The
Island Gold Mine commenced commercial production in October 2007 and was targeted to
produce 50,000 ounces of gold in 2010.
Appointment of Mr. Robert (Bob) Duess, B.Sc., P.Geo. to the Board of Directors
Lakeland is also pleased to announce the appointment of Mr. Robert (Bob) Duess, B.Sc., P.Geo.
to the Company’s Board of Directors. Bob brings to the Company over 25 years of mining
exploration and development experience with a focus on gold exploration in Ontario. Bob, a
former Director and Vice President of Exploration for Band-Ore Resources, more recently held
the role of senior technical consultant to West Timmins Mining Inc. which amalgamated with
Lake Shore Gold Ltd. (TSX: LSG) in a deal valued at $424-million in November, 2009.
Mr. Duess has been granted 150,000 incentive stock options, subject to the acceptance of the
TSX Venture Exchange, each stock option exercisable into one common share of the Company
at a price of $0.17 per share for a period of five years.
NI 43-101 Disclosure
J. Garry Clark, P. Geo, is the Qualified Person, as that term defined in National Instrument 43101, who has reviewed and approved this press release and is responsible for the technical
information reported herein.
About Lakeland Resources Inc.
Lakeland Resources Inc. is focused on gold exploration in Canada. The Company commenced
trading on the TSX Venture Exchange on August 19, 2010 after completing its Qualifying
Transaction.
For more information, please visit the corporate website at http://www.lakelandresources.com
On Behalf of the Board of Directors
LAKELAND RESOURCES INC.
“Jonathan Armes”
Jonathan Armes
President, CEO and Director
Cell: 416.708.0243
Ph: 604.681.1568
TF: 1.877.377.6222
Email: jarmes@lakelandresources.com
Web: http://www.lakelandresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this document which are not purely historical are forward-looking statements, including any
statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in
this news release include that the diamond drilling program on the Midas Gold Property consists of a minimum of
1,500 metres and will test several targets that were identified in 2010.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in
such forward-looking statements. Risks and uncertainties include economic, competitive, governmental,
environmental and technological factors that may affect the Company's operations, markets, products and prices.
Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not
be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our
intended exploration and development; that our applications to drill may be denied; that weather, logistical
problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that
analysis of data may not be possible accurately and at depth; that results which we or others have found in any
particular location are not necessarily indicative of larger areas of our properties; that we may not complete
environmental programs in a timely manner or at all; that market prices may not justify commercial production
costs; and that despite encouraging data there may be no commercially exploitable mineralization on our
properties. Readers should refer to the risk disclosures outlined in the Company's Management Discussion &
Analysis of its audited financial statements filed with the British Columbia Securities Commission.