Sacre-Coeur Minerals Accelerating Programs in Guyana With Key Staff Additions
Monday October 2, 8:00 am ET
ca.us.biz.yahoo.com
VANCOUVER, BC--(MARKET WIRE)--Oct 2, 2006 -- SACRE-COEUR MINERALS, LTD. (the "Company") (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) is pleased to announce that it is accelerating its exploration programs in Guyana with key staff additions at both the administrative and technical levels. The new additions are designed principally to permit the Company to expand drilling and exploration at its Million Mountain Project in the Puruni Region of central Guyana, as well as commence comprehensive exploration of the Company's Northwest District gold prospect.
On the administrative side, Mr. Edward G. Hopkinson, M.Sc. Geol., has joined the Company as Country Manager in Guyana. His responsibilities include managing the day-to-day in-country affairs and local administration of our operating subsidiary Sacre-Coeur Guyana, Inc., and include interfacing with the Company's geological team in Guyana. He has been active as a geologist in Guyana for several decades and has proven competence in surveying, engineering and geological concepts, as well as financial and engineering management of a wide variety of projects.
In addition to wide-ranging geologic experience from grassroots through feasibility and environmental studies in the private sector, including work for Denison Mines, Gold Fields, Golden Star Resources, Homestake, Placer-Dome, Bema Gold and Coeur d'Alene Mines, Mr. Hopkinson has extensive experience in the public sector. He has served as Director of the Guyana Geology and Mines Commission, Commissioner of Geological Surveys and Mines and Chief Inspector of Mines. This has given him a breadth of experience in both the private and public sectors in Guyana that will be invaluable to the Company.
On the technical side, the Company has now added three new senior exploration geologists to its Guyana team. Messrs. Jack King, Joseph Calpito, Sr. and Alan Davies have joined our exploration team. They each have in excess of ten years of broad-based exploration experience in varying settings and environments, ranging from Guyana, Venezuela, the Philippines, Africa and Asia to other parts of South and North America. They will report to Mr. Greg Sparks, P.Eng., Senior Vice-President of the Company, who is overseeing the Company's exploration and mining programs in Guyana.
According to Irwin Olian, CEO of the Company, "These new staff additions will enable us to expand our drilling and exploration programs at Million Mountain in order to accelerate our in-fill drilling in the main zone, continue core drilling along trend with a view toward expanding the main zone, and develop additional drill targets in the region, including across the river near Tiger Creek. In addition, they will enable us to bring our second major gold project on-line by commencing extensive exploration of our Northwest District property, which is situated near StrataGold Corporation's Tassawini property as well as prospects controlled by Newmont Mining Corporation. With in excess of $8 million in the bank and strong drill results to date from our efforts at Million Mountain, an acceleration in our programs is warranted and reason for increased optimism."
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 focusing on exploration for gold on its properties in Guyana. The Company presently has an interest in approximately 850 square miles 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 www.scminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SACRE-COEUR MINERALS, LTD.
"Irwin Olian"
Irwin Olian
Chairman & CEO
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.
Sacre-Coeur Minerals, Ltd
Suite 1925, Box 11553
650 West Georgia Street
Vancouver, BC
V6B 4N8
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Contact:
For further information, contact:
Irwin Olian
President and CEO
Email: Email Contact
Phone: 604-899-0100
Fax: 604-899-0200
Lee Dunston
Corporate Communications - Canada
Email: Email Contact
Phone: 604-899-0100
Fax: 604-899-0200
Marlies Studer
Corporate Communications - Europe
Email: Email Contact
Phone: +41-44-215-2803
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Source: SACRE-COEUR MINERALS, LTD. |
