Sacre-Coeur Announces Interim Resource Estimate for Zone 1 at Million Mountain: 451,397 Tr Oz Au
SACRE-COEUR MINERALS, LTD. (TSX-V: SCM) (the “Company”) is pleased to report that it has received the interim NI 43-101 compliant resource estimate for Zone 1 of its Million Mountain Project located in the Lower Puruni Region of Guyana South America. The estimate prepared by internationally recognized firms, Pincock Allen & Holt (“PAH”) working jointly with MAPTEK/KRJA, both of Lakewood, Colorado, includes Measured Resources of 12,119,285 tonnes grading 1.0 g/t Au and Indicated Resources of 2,175,278 tons grading 0.9 g/t Au. Total contained gold is 451,397 tr oz Au (388,456 tr oz Au Measured and 62,941 tr oz Au Indicated).
Official publication of the NI 43-101 compliant technical report, including the resource estimate, as prepared by PAH along with their attendant press release will follow shortly.
The scope of this resource estimate is limited to Zone 1 of the Million Mountain Project which has been drilled by the Company over the past two years. It is considered an interim estimate as assay results for approximately 20 additional holes were not received in time for inclusion in this resource model. An updated NI 43-101 compliant resource estimate for Zone 1 along with resource estimates for additional drilling of Zone 1 and other zones currently being drilled will be prepared on an ongoing basis as additional drilling results are compiled.
Zone 1, which is the original discovery zone on the Million Mountain Project, has been drilled to a depth of approximately 200 meters below surface. Since the initial discovery, the Company’s geologic team has discovered seven additional highly prospective zones, all of which exhibit strongly anomalous gold values at surface and which bear geologic characteristics similar to Zone 1. The areal extent of mineralization of Zone 1 comprises less than five percent of the aggregate area of all identified zones targeted for core drilling. The trend defined by zones 1 – 8 is approximately 8 kilometres in length.
According to Irwin Olian, CEO of the Company, “We are extremely encouraged by the resource identified to date contained in Zone 1. The seven additional zones identified by our field efforts over the past two years provide in aggregate more than 20 times the mineralized target area contained in Zone 1. Together these 8 zones present a real opportunity for a large regional complex. Accordingly, we are aggressively expanding our drilling program to test the additional zones and to continue expansion of Zone 1.”
The Company uses Acme Laboratories for its core sample assays. Samples are prepared at Acme’s Georgetown Guyana prep facility. Prepared samples are shipped to Acme’s analytical lab in Santiago, Chile for determination. Acme’s facilities are ISO certified. Every tenth sample is split and a duplicate sample is shipped to ALS Chemex Vancouver, BC facility for check assay. As well, splits of all samples determined by Acme to be 5 g/t Au or greater are also shipped to ALS Chemex for check assay. The results presented herein are composites of the assay of the coarse metallic fraction (+200 mesh) and the assay for the -200 mesh pulp to produce a total contained gold assay.
The Company 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. The results presented herein are composites of the assay of the coarse metallic fraction (+200 mesh) and the assay for the -200 mesh pulp to produce a total contained gold assay.
The Company’s exploration program is overseen by Gregory B. Sparks, P. Eng., Senior Vice President Mining and Exploration for the Company. Mr. Luisito Sangalang, P.Geo, Exploration Manager – Guyana, directs all of the Company’s programs in Guyana. Mr. Sparks and Mr. Sangalang are Qualified Persons under NI 43-101. The Lower Puruni Region, including Million Mountain, is managed by Mr. Elias, Nacario, Chief Geologist Puruni Region. He is assisted by Messrs. Wilmar Ladia, Andrew Cabrerra, Carlos Toro-Taylor, 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.
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 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.
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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 expectationsThe 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.
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For further information, contact: Irwin Olian President and CEO Email: Email Contact Phone: 604-899-0100 Fax: 604-899-0200 Lee Dunston Corporate Communications Email: Email Contact Phone: 604-899-0100 Fax: 604-899-0200 Sacre-Coeur Minerals, Ltd. Suite 1925, Box 11553 650 West Georgia Street Vancouver, BC V6B 4N8
SOURCE: Sacre-Coeur Minerals, Ltd.