Sacre-Coeur Minerals Ltd.

Published : May 14th, 2007

250 METER STEPOUT TO SOUTH YIELDS BROAD LOW GRADE ZONE; INTERVALS INCLUDE 55.2 METERS @ 1.09 G/T AU

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Keywords :   Canada | Gold | K Street | Recovery |
Sacre-Coeur Minerals

Sacre-Coeur Minerals, Ltd.
Suite 1925, Box 11553
650 West Georgia Street
Vancouver, BC
V6B 4N8

 

 

FOR IMMEDIATE RELEASE

 

May 14, 2007                                                                                                                 TSX: SCM.V
FRANKFURT: S5N

 

250 METER STEPOUT TO SOUTH YIELDS BROAD LOW GRADE ZONE; INTERVALS INCLUDE 55.2 METERS @ 1.09 G/T AU

 
VANCOUVER, British Columbia – SACRE-COEUR MINERALS, LTD.
(the “Company”) today announced that it has received assays from Loring Laboratories Inc. of Georgetown, Guyana for six additional drill holes at its Million Mountain Project located in the Middle Puruni River region of Guyana.  The holes reported herein (MM5307 through MM5807) were drilled to expand the continuous resource body to the Southwest from the zone reported in previous releases.

 

The furthest holes to the Southwest are located approximately 200 meters South-Southwest of the initial discovery holes (MM01-05 & MM02-05) and 250 meters South-Southeast of the Northwestern-most holes reported previously.  All of these holes encountered substantial intercepts of gold mineralization above 0.50 g/t Au cut-off.

 

TABLE OF SELECTED DRILL RESULTS

 

Drill Hole

From (m)

To (m)

Interval (m)

Assay (g/t Au)

MM5307

0.00

14.35

14.35

2.15

including

0.00

8.80

8.80

3.11

MM5307

46.95

48.65

1.70

0.64

MM5307

75.3

77.6

2.30

0.55

MM5307

100.35

101.95

1.60

1.70

MM5307

162.20

165.30

3.10

0.64

MM5307

179.80

199.15

19.35

0.52

MM5307

213.40

215.40

2.00

0.60

MM5407

0.00

9.75

9.75

1.39

MM5407

54.00

59.50

5.50

0.68

MM5407

68.30

72.90

4.60

0.57

MM5407

103.30

111.30

8.00

0.55

MM5407

119.00

131.40

12.40

0.88

MM5407

135.10

137.60

2.50

0.57

MM5407

152.60

155.60

3.00

0.63

MM5407

202.10

203.40

1.30

0.58

MM5407

213.30

214.70

1.40

0.59

MM5407

217.50

219.90

2.40

0.52

MM5407

221.70

224.40

2.70

0.57

MM5507

0.00

23.80

23.80

0.56

MM5507

48.53

52.23

3.70

0.94

MM5507

77.35

78.55

1.20

0.87

MM5507

100.70

104.50

3.80

0.63

MM5507

107.86

113.55

5.69

0.50

MM5507

126.15

135.80

9.65

0.52

 

MM5607

21.35

24.00

2.65

2.80

MM5607

40.35

43.60

3.25

0.67

MM5607

52.20

53.20

1.00

1.22

MM5607

76.00

90.40

14.40

0.65

MM5607

95.50

102.25

6.75

0.73

MM5607

111.90

118.45

6.55

0.53

MM5607

127.45

140.55

13.10

0.50

MM5707

0.00

8.20

8.20

0.74

MM5707

72.9

74.27

1.37

1.09

MM5707

81.25

83.06

1.81

0.58

MM5707

127.55

130.98

3.43

0.56

MM5707

224.98

226.30

1.32

0.93

MM5807

0.00

55.2

55.2

1.09

including

7.40

12.25

4.85

5.42

MM5807

70.50

72.25

1.75

1.11

MM5807

75.90

78.90

3.00

1.12

MM5807

112.95

118.60

5.65

0.50

MM5807

145.60

149.95

4.35

0.59

 

Notes: 1) Intercepts are not resolved to true width. 2) Assays are uncut, though no significant statistical outliers occur in the sample population.

 

These drill holes represent the furthest data to the Southwest side of the resource body, located a little over 200 meters to the Southwest of the collar of the initial discovery hole (MM0106) previously reported.  No mineralized intervals of one meter or less have been reported in the table above, though many short intervals of greater than 0.5 g/t Au occur between the more significant intervals presented in the table of selected results. 

 

Though all holes reported herein, encountered substantial zones of gold mineralization, the mineralized zones are somewhat less continuous than the typical “top-to-bottom” zones encountered in drilling farther to the North and East.  This interruption in continuity is believed to be related to a Northwest trending shear occurring just to the West of the holes reported in this release.  Ongoing drilling is focused on defining the attitude and relative movement along this shear, and the impacts on gold mineralization further to the West.

 

Drill Hole Survey Data

 

Drill Hole

UTM Grid No.

East

(m)

North

(m)

Collar Elev.

(m)

Azimuth (true N)

Inclination

MM5307

21N

240,994.47

697,041.50

67.54

106

-60

MM5407

21N

240,974.68

697,002.88

66.06

286

-60

MM5507

21N

240,975.43

697,002.61

66.00

286

-45

MM5607

21N

240,936.07

696,963.04

66.02

286

-60

MM5707

21N

240,936.78

696,962.85

65.99

286

-45

MM5807

21N

240,993.17

697,041.89

67.49

286

-60

 

 According to Irwin Olian, CEO of the Company, "It is gratifying to see the continuation of gold-bearing mineralization reflected in this large step-out of some 250 meters on the Southwest perimeter of the zone at Million Mountain.  While this southwest extremity appears to be relatively low-grade in tenor, all six holes yielded near-surface intervals above cut-off and add to the overall scope of the project. We look forward to further expansion of the zone as well as successful infill drilling with a near-term goal of establishing a meaningful gold resource and demonstrating continuity of the large body of mineralization discovered at Million Mountain."

 

Assay Data

 

The Company uses preliminary results from Loring Laboratories – Guyana, a subsidiary of Loring Laboratories, Ltd. of Calgary, Alberta qualitatively to help guide its ongoing drilling program because of expedient availability of data, but relies on ALS Chemex for final results as Chemex is an ISO certified facility.  The results presented herein are produced by Loring.  These results are inclusive of the assay of the coarse metallic fraction composited with the assay for the -200 mesh pulp to produce a total contained gold assay.  The results reported herein are produced by Loring Laboratories – Guyana, and are therefore considered preliminary.  Final assays determined by ALS Chemex, will only be reported if they differ significantly from the preliminary results determined by Loring.

 

Drilling

 

Drilling reported herein was completed utilizing the Company’s Atlas Copco CS 14 core drill operated by Company employees.  All holes were continuously cored utilizing HQ equipment through the saprolite and then reduced to NQ for coring un-weathered rock.  Core recovery in saprolite has remained in excess of 90%, and approaches 100% in un-weathered rock. 

 

Technical Staff

 

The Company’s exploration program is overseen by Gregory B. Sparks, P. Eng., Senior Vice President Mining and Exploration for the Company, along with the project geologic staff including Henry Salvado, Senior Project Geologist, Alan Davies, P. Eng., Senior Project Geologist, and Joseph Calpito, Senior Project Geologist, with assistance from Dr. Hendrikus Aarden, P. Geo, Senior Geologic Consultant.  Mr. Sparks, Mr. Davies and Dr. Aarden are all Qualified Persons under NI 43-101.  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>.

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

 

Lee Dunston, Corporate Communications

Email:  ldunston@scminerals.com

Phone: 604-899-0100

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.

 



Regards,
Wilma McKenzie
Project Coordinator
Sacre-Coeur Minerals, Ltd.
WILMA@SCMINERALS.COM

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Sacre-Coeur Minerals Ltd.

EXPLORATION STAGE
CODE : SCM.V
CUSIP : 786178
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Sacre-Coeur Min. is a gold exploration company based in Canada.

Sacre-Coeur Min. holds various exploration projects in Guyana.

Its main exploration properties are MILLION MOUNTAIN, NORTHWEST GOLD, KARTUNI and NORTHWEST REGIONAL BLOCK in Guyana.

Sacre-Coeur Min. is listed in Canada and in Germany. Its market capitalisation is CA$ 994 050 as of today (US$ 830 827, € 701 218).

Its stock quote reached its highest recent level on April 27, 2007 at CA$ 3.60, and its lowest recent point on August 15, 2014 at CA$ 0.01.

Sacre-Coeur Min. has 66 269 996 shares outstanding.

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Financings of Sacre-Coeur Minerals Ltd.
9/19/2013REPORTS NEGOTIATION OF US $10 MILLION FINANCING
3/15/2011 Closes $2.575 Million Private Placement
2/17/2011Announces Private Placement
4/28/2010closes $1,225 million private placement
4/13/2010Announces private placement
8/30/2008CLOSES $1.550 MILLION PRIVATE PLACEMENT
8/29/2008ANNOUNCES ADDITIONAL PRIVATE PLACEMENT
8/15/2008CLOSES FURTHER $4.125 MILLION PRIVATE PLACEMENT; GUYANA PROG...
8/6/2008 ANNOUNCES PRIVATE PLACEMENT
8/9/2008CLOSES $3.625 MILLION PRIVATE PLACEMENT
Option Grants of Sacre-Coeur Minerals Ltd.
1/28/2009GRANTS STOCK OPTIONS
Nominations of Sacre-Coeur Minerals Ltd.
1/18/2012ANNOUNCES APPOINTMENT OF MR. JOHN BOOTH AS DIRECTOR, AND ELE...
Project news of Sacre-Coeur Minerals Ltd.
7/29/2013Prime Equity Research - Buy Target $0.64 (CA: SCM.v or US:...
6/20/2013REPORTS RESULTS FROM GUYANA METALLURGICAL TEST HOLES: LENGTH...
10/16/2012ANNOUNCES TWELVE WEEK ELLUVIAL/ALLUVIAL GOLD PRODUCTION FIG...
8/1/2012(Million Mountain)ARRANGES EQUIPMENT SALE TO RIVERSIDE RESOURCES: AIMS AT DEV...
3/23/2011(Million Mountain)Drill Testing Targets for Expansion of Million Mountain Zone...
1/5/2009(Kartuni)COMPLETES PRIORITIZATION AND RESTRUCTURING OF ITS GUYANA PRO...
12/12/2008(Million Mountain)DISCOVERS PORPHYRY-TYPE AU, CU, MO MINERALIZATION AT MILLION...
11/12/2008(Northwest Regional Block)COMPLETES INITIAL ASSESSMENT OF ITS GUYANA EXPLORATION PORTF...
7/14/2008(Northwest Regional Block)COMMENCES DRILLING KEY TARGETS AT NORTHWEST GOLD PROJECT
2/26/2008(Northwest Regional Block)NEW TRENCH AND PIT DATA EXPANDS HIGH-GRADE ZONE AT SACRE-COE...
Corporate news of Sacre-Coeur Minerals Ltd.
8/26/2013Event Driven Trading Opportunity in Sacre-Coeur Minerals as ...
5/17/2013Article on Sacre-Coeur Minerals written by ProactiveInvestor...
5/6/2013Article on Sacre-Coeur Minerals (TSX-V: SCM, US-OTC: SCRMF)
3/29/2013March News (TSX-V: SCM - OTC: SCRMF)
3/14/2013targets $40mln a year cash flow (TSX-V: SCM, market cap $12...
2/7/2013ENGAGES DEDICATED INVESTOR RELATIONS COORDINATOR
10/5/2012CLOSES FIRST TRANCHE OF BROKERED OFFERING
2/6/2012ANNOUNCES ARRANGEMENT OF $650,000 CREDIT FACILITY
12/15/2011ANNOUNCES FORMATION OF CONTRACT DRILLING DIVISION
6/2/2011JOIN SACRE - COEUR MINERALS AT THE 2011 WORLD RESOURCE INVES...
2/1/2011Grants Severstal Two Week Extension
1/23/2009ENGAGES SCOTT YOUNG FOR INVESTOR RELATIONS TEAM
1/15/2009SHALLOW PROSPECT DRILLING AT SACRE-COEUR?S NORTHWEST DISTRIC...
7/7/2008ADDS SEVEN NEW TARGET ZONES AT MILLION MOUNTAIN ? DRILLING U...
11/19/2007FORMAL AGREEMENT CONCLUDED FOR TRANSFER OF MILLION MOUNTAIN ...
5/23/2007RECEIVES $1.8 MILLION FROM RECENT WARRANT EXERCISES
5/14/2007250 METER STEPOUT TO SOUTH YIELDS BROAD LOW GRADE ZONE; INTE...
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