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Shallow Prospect Drilling at Sacre-Coeur's Northwest District Reveals Robust Alluvial Gold Target in Near-Surface Mineralization
Thursday, January 15, 2009 3:37 PM
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Shallow Prospect Drilling at Sacre-Coeur's Northwest District Reveals Robust Alluvial Gold Target in Near-Surface Mineralization
Vancouver, British Columbia CANADA, January 15, 2009 /FSC/ - Sacre-Coeur Minerals Ltd. (SCM - TSX Venture, S5N - FWB), today announced that it has completed a shallow prospect core drilling program on its Northwest Gold Project in Guyana South America. The program was designed to test the persistence at depth of high grade epithermal vein systems identified by soil geochemistry and trenching. Though weathering and erosion have removed much of the in-place epithermal system, this process has resulted in substantial gold-bearing mineralization in alluvial and colluvial material at or near surface, supplemented by the in-situ roots of the epithermal vein system. Trench results of up to 12.0 meters grading 7.90 g/t Au, as reported in the PR dated February 26, 2008, coupled with the shallow epithermal vein drill intercepts reported herein of up to 2.31 meters @ 6.6 g/t Au combine to make a potentially attractive target for alluvial mining.
Historic artisanal mining in the project area has also generated a significant tonnage of tailings often grading above 2 g/cubic meter Au. In aggregate, the gold-bearing mineralization and tailings covers a surface area measuring approximately 800 meters by 200 meters in the 19 Mile Prospect, with a number of additional untested zones in future drill plans. This and other similar deposits held by the Company may lend themselves to rapid, low cost development and generate cash flow for the Company to supplement its working capital during this current period of relatively strong gold prices but weak equity market conditions. The Company is currently evaluating engineering, metallurgical, environmental, economic and other considerations related to exploitation of the alluvial targets and will make a decision concerning bulk sampling associated with test mining in the coming months.
While evaluation of the epithermal gold potential has suggested depths generally less than 50 meters below surface at the 19 Mile Prospect, other geologic work has also identified several deep-seated mesothermal gold targets on the Company's Northwest Project license area.
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