SACRE-COEUR MINERALS, LTD. (the “Company”) today announced
results from its April – June, 2009 drilling program. In addition to the
recently announced alluvial program (PR dated 28-June, 2009), drilling
and surface exploration was conducted during this period on hard rock
targets designated as Zone 2 and Zone 9 at its Million Mountain Property
in Guyana.
Hard rock target Zone 9 is located approximately 20 km West of Zone 1
which, as reported previously, hosts an NI 43-101 compliant resource
containing a total 451,000 tr ounces Au (12,119,285 tonnes grading 1.0
g/t Au Measured and of 2,175,278 tons grading 0.9 g/t Au Indicated,
containing 388,456 tr oz Au Measured and 62,941 tr oz Au Indicated).
Zone 9 was identified by the Company’s on-going surface reconnaissance
program, making it the ninth in a series of mineralized hard rock
targets containing Au, and in some cases Cu and Mo along the now 20 km
long Million Mountain East-West structural trend contained within the
Company’s Million Mountain block of properties.
Two shallow, preliminary reconnaissance holes were drilled to confirm
depth persistence of gold-bearing silicified veins hosted in
metasediments which were evident on the surface. The results of these
two holes are presented in the table below
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ZONE 9 DRILL RESULTS
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Drill Hole
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From (m)
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To (m)
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Interval (m)
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Assay (g/t Au)
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KM0109
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48.20
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52.25
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4.05
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1.25
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84.60
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86.60
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2.00
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2.14
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KM0209
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0.00
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6.60
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6.60
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0.83
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12.60
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14.60
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2.00
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1.48
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36.60
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50.20
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13.60
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4.00
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including
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47.70
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48.25
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0.55
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84.26
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Notes: 1) Intercepts are not resolved to true width. 2) Assays
are uncut
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ZONE 9 DRILL HOLE SURVEY DATA
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Drill Hole
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UTM Grid No.
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East
(m)
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North
(m)
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Collar Elev.
(m)
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Azimuth (true N)
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Inclination
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Total
Depth
(m)
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KM0109
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21N
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220188
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693850
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136
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348
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-50
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186.6
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KM0209
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21N
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220102
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693845
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147
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353
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-70
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180.2
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Further surface work has been conducted during the month of July 2009 to
advance our understanding of the structural controls for the zone.
Drilling of five additional holes on Zone 9 is planned over the next two
months to test major structural intersections which have been
identified, to confirm strike length extension, and to examine vein
development at greater depth. Pending results of the five hole program,
drilling is expected to continue thereafter to provide the basis for a
potential resource estimate.
During the period from April – June, 2009, as announced in PR dated
14-April, 2009, the Company began drill-testing its Zone 2 hard rock
target at Million Mountain. Twelve holes totalling 3,574 meters of
drilling were completed. Though none of the prospecting holes directly
encountered potentially economic Au mineralization, information
generated from the program suggests the potential for a mesothermal
Au/Cu body at greater depth. Drilling to date at Million Mountain has
been focused on delineation of gold resources near surface, and as such,
has generally been limited to approximately 150 - 200 meters below
surface.
Evidence from Zone 2 suggests the potential for a deeper mineralized
mesothermal system which may have manifested itself at or near the
surface in a series of “leaks” through fractures. Surface exploration
and shallow drilling to date has revealed: 1) intersection of a small
copper-rich vein in hole #BM0609, which assayed at 2.45% Cu over a 0.71
meter vein (apparent width) intersected at 163.79 meters down hole; 2)
high concentrations of sulphide mineralization in intrusive rocks
encountered by drilling, including pyrite, chalcopyrite, and pyrrhotite
to > 5% combined sulphides, 3) anomalous gold values in soil and stream
sediments immediately down gradient from the target zone; and 4) the
discovery of massive shoots of quartz breccia (192.78 meters apparent
width encountered in hole #BM1109 beginning at 2.59 meters down hole).
Further work including fluid inclusion analysis, structural analysis,
ground geophysics and further refinements in interpretation of data from
the first round of prospect drilling is currently being carried out in
order to sharpen the target loci for the next phase of deeper drilling
at Zone 2.
Based on the body of work performed by the Company’s geologists over the
past four years, a regional geologic model is emerging which suggests a
20 km long (as currently demonstrated) structural trend oriented East
Northeast – West Southwest. This trend is cross-cut at intervals by
North - South structures which have provided ground preparation for
upward movement of mineralizing fluids. Also, punctuating and oriented
along this trend are several small intrusive bodies which have provided
both mineralizing fluids as well as a heat source for subsequent
remobilization of mineralization. While much of the original system of
epithermal veining at the top of the system has been eroded, accounting
for the area’s rich placer deposits, the mesothermal system remains
largely intact, and appears to be well mineralized. Though subject to
local variations, this common character ties together all of the nine
hard rock target zones identified along the Million Mountain structural
trend to date.
According to Irwin Olian, CEO of the Company, “We have now drill tested
seven of nine hard rock target zones identified to date along the
productive Million Mountain structural trend. Zone 1 has been
extensively drilled and has yielded a preliminary NI 43-101 compliant
resource, with potential for expansion. Prospect drilling on Zones 2, 3,
6, and 8 has revealed information suggesting the potential for deep
seated, gold-bearing poly-metallic resource bodies. Prospect drilling on
Zone 9 has revealed a complex of near-surface auriferous veins
exhibiting high grades in localized instances. In the meantime, we are
exploring the Million Mountain trend to evaluate the grade and extent of
the alluvial deposits recently discovered in nine zones. We are also
looking forward to commencement of test mining alluvial Zone 2 in the
coming months. We are very pleased with the emerging picture of a 20 km
long mineralized trend on our Million Mountain Property which hosts both
near-surface and deep-seated resource potential in hard rock as well as
potential for alluvial deposits. With the impending start up of alluvial
test mining, operation of our own core drill rigs, and a highly
qualified geologic staff, Sacre-Coeur is well-positioned to develop this
exciting hard rock complex while we continue to pursue alluvial mining
opportunities on our properties concurrently.”
Assay Data
The Company uses Loring Laboratories – Guyana, a subsidiary of Loring
Laboratories, Ltd. of Calgary Alberta to analyze its core samples from
Zone 2 and Zone 9 prospect drilling programs. Splits of all samples
prepared will be retained for check assay by ALS Chemex Vancouver, BC
facility as warranted. All samples returning a value of 1.0 g/t Au or
greater for the -200 mesh pulp will also have the +200 mesh screened
fraction analyzed for coarse metallics.
The Company also uses Loring Laboratories – Guyana, a subsidiary of
Loring Laboratories, Ltd. of Calgary Alberta to analyze geo-chem and
other field samples. Splits of every 10th sample and splits
of all samples returning assay of greater than 5.0 g/t Au are sent to
ALS Chemex Vancouver BC facility for check assay.
Technical Staff
The Company’s exploration program is overseen by Gregory B. Sparks, P.
Eng., Senior Vice President Mining and Exploration for the Company. Mr.
Sparks is a Qualified Persons under NI 43-101. Mr. Luis Gana, Wilmar
Ladia and Bjorn Jeune, all Senior Project Geologists are overseeing the
work on both Million Mountain Zone 2 and Zone 9. 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