SACRE-COEUR MINERALS, LTD. (the "Company") today announced that in
addition to its ongoing exploration for hard rock mineral resources on
its Million Mountain Project and other property holdings in Guyana, it
has begun assessing alluvial gold potential on its properties as well.
To date the Company's exploration team has identified nine zones on the
Puruni River Paleo-channel which it believes are highly prospective. A
systematic program of test pitting and gravity beneficiation of the
samples collected has recently been completed for Alluvial Zone 2. A
total of 83 test pits were excavated, spaced nominally 100m apart along
grid lines located approximately 160m apart. A compilation of the
results demonstrates a gold bearing alluvial sand and gravel resource
target measuring approximately 1.66 km by 0.80 km.
The measured thickness of the sampled auriferous sand and gravel zone
ranges from 0.8 meters to greater than 5.0 meters, with an arithmetic
mean of 2.5 meters thick. At these dimensions the resource target volume
in the sampled zone is estimated to range from 2.5 to 4.0 million cubic
meters of auriferous alluvial material with preliminary sampling
suggesting a grade in the range of 2.0 to 9.0 grams Au/cubic meter. The
mineralized horizon is overlain by sandy clay averaging 2 meters thick
for an overall stripping ratio of 0.8 overburden : 1 alluvial zone.
The average gold particle count per 10 kilo sample recovered by gravity
concentration was 71.2 particles less than 0.5mm in diameter, and 19.7
particles greater than 0.5 mm in the alluvial zone. A table of the test
pit results is presented overleaf. While no site specific data is yet
available for the fineness of the recovered gold from the sampling
program on Alluvial Zone 2, alluvial gold produced from this immediate
area has historically measured approximately 930 fine gold. The
potential quantity and grade suggested by this sampling program are
conceptual in nature. Insufficient work has been completed to qualify as
a Mineral Resource. It is uncertain whether further exploration and test
mining will confirm the results presented herein.
Test pits were excavated on a systematic grid through the overburden and
the sand/gravel zone to underlying in situ material. A ten kilogram,
vertical channel sample was then collected from the bottom of the zone
to the top in each test pit. Each sample was then carefully panned to
collect the gravity recoverable gold. The gold particles collected for
the sample were then counted and characterized. The concentrates from
all 10 kilo pit samples in a sample line were then combined and
re-panned. Finally, the recovered gold concentrate from all sample lines
was combined and weighed on a precision balance. The weight of the total
recovered gold concentrate was 4.23 grams from the 830 kilos of total
sample weight. The Company believes that this procedure produces a good
preliminary simulation of potentially recoverable gold by simple gravity
means.
In order to test the economic viability of recovering alluvial gold from
Alluvial Zone 2 initially, and other zones subsequently, the Company is
constructing a simple gravity processing plant designed to treat 1000
cubic meters per day. Test mining and processing is expected to begin
this Summer, as soon as all imported equipment is received and
assembled. Permitting for the project is complete. The Company has been
issued a Mining License and full approval to commence production. If the
system proves to be successful as expected, the Company's strategy will
be to expand its alluvial production program, and pursue it concurrently
with its on-going hard-rock mineral exploration program. The alluvial
program will require little infrastructure development, as all
infrastructure will be shared with the exploration program which is
ongoing on the Million Mountain block of properties.
Table of Test Pit Locations and Results - Million Mountain Alluvial Zone
2
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AU PARTICLE COUNT
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RECOVERED BY
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PANNING PER 10 KG
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SAMPLE
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< 0.5MM >0.5MMTOTAL PARTICLES AU
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|MP-PT001
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21N
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242216
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698560
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0.8
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8
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6
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14|
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|MP-PT002
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21N
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242270
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698542
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1.5
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73
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68
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141|
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|MP-PT003
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21N
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242349
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698526
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0.9
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17
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25
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42|
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|MP-PT004
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21N
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242446
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698529
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2.0
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205
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20
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225|
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|MP-PT005
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21N
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242517
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698517
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2.3
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56
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10
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66|
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|MP-PT006
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21N
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242610
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698519
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2.3
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55
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114
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169|
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|MP-PT007
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21N
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242716
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698543
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2.6
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37
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0
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37|
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|MP-PT008
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21N
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241726
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698554
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1.1
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130
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17
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147|
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|MP-PT009
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21N
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241790
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698563
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1.3
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60
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37
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97|
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|MP-PT010
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21N
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241862
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698550
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1.5
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5
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8
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13|
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|MP-PT011
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21N
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241902
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698516
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1.9
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30
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13
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43|
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|MP-PT012
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21N
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241974
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698524
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2.3
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45
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15
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60|
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|MP-PT013
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21N
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242064
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698523
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1.1
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6
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5
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11|
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|MP-PT014
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21N
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242185
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698557
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1.1
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59
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7
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66|
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|MP-PT015
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21N
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242813
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698568
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2.3
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19
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45
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64|
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|MP-PT016
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21N
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241005
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698742
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0.8
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280
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0
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280|
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|MP-PT017
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21N
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241053
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698775
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2.9
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90
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14
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104|
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|MP-PT018
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21N
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241122
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698774
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1.3
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5
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0
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5|
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|MP-PT019
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21N
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241204
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698777
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3.5
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22
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14
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36|
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|MP-PT020
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21N
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241283
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698721
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2.0
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27
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0
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27|
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|MP-PT021
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21N
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241475
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698612
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3.4
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23
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0
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23|
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|MP-PT022
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21N
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241517
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698595
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5.8
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46
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12
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58|
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|MP-PT023
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21N
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241586
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698574
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3.6
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9
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2
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11|
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|MP-PT024
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21N
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242540
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698425
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3.1
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76
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48
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124|
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|MP-PT025
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21N
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242461
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698435
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2.9
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25
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1
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26|
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|MP-PT026
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21N
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242358
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698431
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3.1
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45
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60
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105|
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|MP-PT027
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21N
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242285
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698439
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1.5
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55
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17
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72|
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|MP-PT028
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21N
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242216
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698443
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3.8
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52
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20
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72|
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|MP-PT029
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21N
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242177
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698431
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2.3
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146
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60
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206|
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|MP-PT030
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21N
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242081
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698411
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2.9
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90
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3
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93|
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|MP-PT031
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21N
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242026
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698409
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2.3
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121
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25
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146|
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|MP-PT032
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21N
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240900
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698408
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3.5
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160
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23
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183|
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|MP-PT033
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21N
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240739
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698411
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3.4
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215
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75
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290|
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|MP-PT034
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21N
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240673
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698395
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3.8
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92
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26
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118|
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|MP-PT035
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21N
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241944
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698400
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2.3
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20
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1
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21|
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|MP-PT036
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21N
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241827
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698420
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1.5
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88
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20
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108|
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|MP-PT037
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21N
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241699
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698418
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2.1
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405
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120
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525|
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|MP-PT038
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21N
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241669
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698407
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3.1
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26
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5
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31|
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|MP-PT039
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21N
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241589
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698408
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2.0
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160
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70
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230|
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|MP-PT040
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21N
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241481
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698397
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2.6
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|
72
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5
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77|
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|MP-PT041
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21N
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241386
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|
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698396
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|
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2.2
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|
65
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|
|
10
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75|
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|MP-PT042
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21N
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|
241276
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|
|
698383
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|
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3.6
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|
60
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|
|
83
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|
|
143|
|
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|MP-PT043
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21N
|
|
|
241112
|
|
|
698383
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|
|
|
3.9
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|
99
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|
|
0
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|
|
99|
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|MP-PT044
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21N
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|
241006
|
|
|
698392
|
|
|
|
3.7
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|
104
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|
|
20
|
|
|
124|
|
|
|MP-PT045
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|
|
21N
|
|
|
240888
|
|
|
698412
|
|
|
|
1.8
|
|
147
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|
|
0
|
|
|
147|
|
|
|MP-PT046
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|
|
21N
|
|
|
240802
|
|
|
698421
|
|
|
|
3.9
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|
82
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|
|
0
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|
|
82|
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|MP-PT047
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21N
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|
240598
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|
|
698236
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3.6
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|
31
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|
0
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|
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31|
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|MP-PT048
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21N
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241916
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697992
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2.6
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|
94
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|
|
11
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|
|
105|
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|MP-PT049
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21N
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241815
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698005
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2.3
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|
60
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|
|
47
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|
|
107|
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|MP-PT050
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21N
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241706
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|
|
698007
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|
|
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0.8
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|
5
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|
|
0
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|
|
5|
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|MP-PT051
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21N
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|
|
241588
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|
|
697998
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|
|
|
0.8
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|
81
|
|
|
0
|
|
|
81|
|
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|MP-PT052
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|
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21N
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|
|
241492
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|
|
698003
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|
|
|
0.8
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|
16
|
|
|
0
|
|
|
16|
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|MP-PT053
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21N
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|
|
241412
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|
|
697987
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|
|
|
3.9
|
|
224
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|
|
30
|
|
|
254|
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|
|MP-PT054
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21N
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|
241204
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|
|
697960
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|
|
|
0.6
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|
9
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|
|
2
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|
|
11|
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|MP-PT055
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21N
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|
241073
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|
|
697954
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|
|
|
0.9
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|
141
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|
|
0
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|
|
141|
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|MP-PT056
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|
|
21N
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|
|
240948
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|
|
697965
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|
|
|
2.4
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|
3
|
|
|
2
|
|
|
5|
|
|
|MP-PT057
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|
|
21N
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|
|
240878
|
|
|
697969
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|
|
|
5.0
|
|
94
|
|
|
46
|
|
|
140|
|
|
|MP-PT058
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|
|
21N
|
|
|
240756
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|
|
697984
|
|
|
|
2.8
|
|
32
|
|
|
6
|
|
|
38|
|
|
|MP-PT059
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|
|
21N
|
|
|
240644
|
|
|
698012
|
|
|
|
1.8
|
|
35
|
|
|
0
|
|
|
35|
|
|
|MP-PT060
|
|
|
21N
|
|
|
240607
|
|
|
698105
|
|
|
|
1.3
|
|
43
|
|
|
0
|
|
|
43|
|
|
|MP-PT061
|
|
|
21N
|
|
|
240532
|
|
|
698194
|
|
|
|
2.1
|
|
18
|
|
|
0
|
|
|
18|
|
|
|MP-PT062
|
|
|
21N
|
|
|
240648
|
|
|
698186
|
|
|
|
4.5
|
|
46
|
|
|
7
|
|
|
53|
|
|
|MP-PT063
|
|
|
21N
|
|
|
240752
|
|
|
698159
|
|
|
|
2.8
|
|
79
|
|
|
25
|
|
|
104|
|
|
|MP-PT064
|
|
|
21N
|
|
|
240869
|
|
|
698144
|
|
|
|
3.0
|
|
86
|
|
|
16
|
|
|
102|
|
|
|MP-PT065
|
|
|
21N
|
|
|
240934
|
|
|
698147
|
|
|
|
1.8
|
|
16
|
|
|
2
|
|
|
18|
|
|
|MP-PT066
|
|
|
21N
|
|
|
241065
|
|
|
698176
|
|
|
|
3.1
|
|
34
|
|
|
20
|
|
|
54|
|
|
|MP-PT067
|
|
|
21N
|
|
|
241169
|
|
|
698206
|
|
|
|
3.1
|
|
53
|
|
|
5
|
|
|
58|
|
|
|MP-PT068
|
|
|
21N
|
|
|
241304
|
|
|
698204
|
|
|
|
2.5
|
|
82
|
|
|
35
|
|
|
117|
|
|
|MP-PT069
|
|
|
21N
|
|
|
241417
|
|
|
698198
|
|
|
|
2.1
|
|
10
|
|
|
0
|
|
|
10|
|
|
|MP-PT070
|
|
|
21N
|
|
|
241513
|
|
|
698204
|
|
|
|
1.5
|
|
40
|
|
|
55
|
|
|
95|
|
|
|MP-PT071
|
|
|
21N
|
|
|
241615
|
|
|
698195
|
|
|
|
2.8
|
|
190
|
|
|
37
|
|
|
227|
|
|
|MP-PT072
|
|
|
21N
|
|
|
241706
|
|
|
698174
|
|
|
|
2.8
|
|
22
|
|
|
0
|
|
|
22|
|
|
|MP-PT073
|
|
|
21N
|
|
|
241800
|
|
|
698199
|
|
|
|
1.2
|
|
68
|
|
|
28
|
|
|
96|
|
|
|MP-PT074
|
|
|
21N
|
|
|
241886
|
|
|
698172
|
|
|
|
0.9
|
|
100
|
|
|
56
|
|
|
156|
|
|
|MP-PT075
|
|
|
21N
|
|
|
240213
|
|
|
697763
|
|
|
|
1.3
|
|
148
|
|
|
23
|
|
|
171|
|
|
|MP-PT076
|
|
|
21N
|
|
|
240495
|
|
|
697774
|
|
|
|
3.6
|
|
21
|
|
|
0
|
|
|
21|
|
|
|MP-PT077
|
|
|
21N
|
|
|
240617
|
|
|
697788
|
|
|
|
4.1
|
|
79
|
|
|
25
|
|
|
104|
|
|
|MP-PT078
|
|
|
21N
|
|
|
240738
|
|
|
697805
|
|
|
|
4.8
|
|
6
|
|
|
0
|
|
|
6|
|
|
|MP-PT079
|
|
|
21N
|
|
|
240939
|
|
|
697796
|
|
|
|
1.0
|
|
82
|
|
|
0
|
|
|
82|
|
|
|MP-PT080
|
|
|
21N
|
|
|
241039
|
|
|
697815
|
|
|
|
2.7
|
|
61
|
|
|
0
|
|
|
61|
|
|
|MP-PT081
|
|
|
21N
|
|
|
241133
|
|
|
697812
|
|
|
|
4.6
|
|
21
|
|
|
15
|
|
|
36|
|
|
|MP-PT082
|
|
|
21N
|
|
|
241234
|
|
|
697825
|
|
|
|
3.6
|
|
42
|
|
|
2
|
|
|
44|
|
|
|MP-PT083
|
|
|
21N
|
|
|
241319
|
|
|
697835
|
|
|
|
2.0
|
|
29
|
|
|
12
|
|
|
41|
|
|
|
|
|
| ARITHMETIC MEAN
|
|
|
|
2.5
|
|
71.2
|
|
|
19.7
|
|
|
90.89|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
According to Irwin Olian, CEO of the Company, "We are excited by the
prospects for test mining the rich alluvial targets which have been
discovered at Million Mountain. The extensive surface area covered by
these targets, together with the recovered sample grades seen in testing
to date, indicate the potential for generating substantial cash flow
from these operations, creating shareholder value and moving the company
toward financial independence if further exploration and test mining
confirm these preliminary results. At the same time, we remain focused
on continuing our exploration program for hard-rock potential along the
10 km trend at Million Mountain in order to add to our resource base
already established at Zone 1."
Guyana has long been a prolific alluvial gold producer. Until now, most
of this production has come from artisanal miners employing no formal
exploration and only crude gravity recovery processes. According to Mr.
Tony Shields, Executive Director of the Guyana Gold and Diamond Miners
Association, the Guyana Gold Board has recorded official production of
78,000 tr oz of gold for the period January through April, 2009 [as
reported by Stabroek News, June 7, 2009 issue]. This entire quantity was
produced by small scale alluvial operations, most of which produce at
the rate of just a few hundred cubic meters per day, and enjoy gold
recoveries of less than 50% of contained gold. The Company seeks to
emulate this successful model by employing standard exploration
practices and well proven process technology to exploit the alluvial
potential on its property holdings concurrently with its ongoing
hard-rock exploration program.
Technical Staff
The Company's exploration program is overseen by Gregory B. Sparks, P.
Eng., Senior Vice President Mining and Exploration for the Company. The
alluvial program is directed by Mr. Salim Silah assisted by Luis Gana,
Wilmar Ladia and Bjorn Jeune, all Senior Project Geologists. Mr. Ardito
Martohardjono, a Director of the Company and laboratory specialist,
provides assistance establishing lab protocols and sample handling and
assay quality control.
About Sacre-Coeur
The Company is engaged in the acquisition, exploration and development
of properties for the potential mining of gold, metals and diamonds in
South America, initially focussing on exploration for gold on its
properties in Guyana. The Company presently has an interest in
approximately 1000 sq. km of mineral properties in Guyana, including the
Million Mountain Property. The Company has offices in Vancouver, Canada
and Georgetown, Guyana. More information about the Company is available
at .
ON BEHALF OF THE BOARD OF DIRECTORS OF
SACRE-COEUR MINERALS, LTD.
"Gregory B. Sparks"
Gregory B. Sparks, P. Eng.
Sr VP
Mining & Exploration
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of the
information contained herein. The statements made in this press release
may contain certain forward-looking statements that involve a number of
risks and uncertainties. Actual events or results may differ from the
Company's expectations. There is no guarantee that the tenor or
continuity of the resource target discussed herein will ultimately prove
to be as delineated in the Company's sampling program, nor that the
yields obtained by production scale gravity extraction will be
comparable to the yields produced in the sampling program.
Sacre-Coeur Minerals, Ltd.
Irwin Olian, President and CEO,
604-899-0100
Fax: 604-899-0200
tigertail@scminerals.com
or
Scott
Young, Corporate Communications, 604-899-0100
Cellular: 705-888-2756
Fax:
604-899-0200
scott@scminerals.com