Sacre-Coeur Intersects Gold Bearing Vein System at Million Mountain New Zone 9 - 13.6 Meters @ 4.0 g/t Au: Zone 2 Drilling Suggests Deeper System
Fri Jul 31, 2:34 PM
ca.news.finance.yahoo.com
Vancouver, British Columbia CANADA, July 31, 2009 /FSC/ - Sacre-Coeur Minerals Ltd. (SCM - TSX Venture, S5N - FWB), 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
ZONE 9 DRILL RESULTS
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DRILL HOLE FROM(M) TO(M) INTERVAL(M) ASSAY(G/T AU)
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KM0109 48.20 52.25 4.05 1.25
84.60 86.60 2.00 2.14
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KM0209 0.00 6.60 6.60 0.83
12.60 14.60 2.00 1.48
36.60 50.20 13.60 4.00
including 47.70 48.25 0.55 84.26
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Notes: 1) Intercepts are not resolved to true width. 2) Assays are uncut
ZONE 9 DRILL HOLE SURVEY DATA
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DRILL UTM EAST NORTH COLLAR AZIMUTH INCLINATION TOTAL
HOLE Grid No. (M) (M) ELEV. (TRUE N) DEPTH
(M) (M)
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KM0109 21N 220188 693850 136 348 -50 186.6
KM0209 21N 220102 693845 147 353 -70 180.2
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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 totaling 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 www.scminerals.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF SACRE-COEUR MINERALS, LTD.
"Gregory B. Sparks"
Gregory B. Sparks, P. Eng. Sr VP Mining & Exploration
For further information, contact:
Irwin Olian, President and CEO Email: tigertail@scminerals.com Phone: 604-899-0100 Fax: 604-899-0200
Scott Young, Corporate Communications Email: scott@scminerals.com Phone: 604-899-0100 Cellular: 705-888-2756 Fax: 604-899-0200
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, LTDSacre-Coeur Minerals, Ltd Suite 1925, Box 11553 650 West Georgia Street Vancouver, BC V6B 4N8
Source: Sacre-Couer Minerals Ltd. (SCM - TSXV) www.scminerals.com Maximum News Dissemination by Filing Services Canada Inc. * www.usetdas.com |
