Sacre-Coeur Announces Interim Resource Estimate for Zone 1 at Million Mountain: 451,397 Tr Oz Au
September 22 2008 - 12:20PM
Marketwired
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."
Assay Data
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.
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. 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.
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 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.
To view the graphic associated with this press release, click
onto the link below or copy and paste it into your browser:
http://www.usetdas.com/maps/sacrecoeur/SCMMillionMountainSept22-08.pdf
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.
Distributed by Filing Services Canada and retransmitted by
Marketwire
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
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