Sacre-Coeur Minerals Ltd.

Published : July 07th, 2008

ADDS SEVEN NEW TARGET ZONES AT MILLION MOUNTAIN ? DRILLING UNDERWAY ON THE NEW TARGETS

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Keywords :   Canada | Chile | Gold | Silica |
Sacre-Coeur Minerals

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

FOR IMMEDIATE RELEASE

 

July 7, 2008                                                                                                                                                  TSX: SCM.V

FRANKFURT: S5N

 

 

SACRE-COEUR MINERALS ADDS SEVEN NEW TARGET ZONES AT MILLION MOUNTAIN - DRILLING UNDERWAY ON THE NEW TARGETS

 

VANCOUVER, British Columbia - SACRE-COEUR MINERALS, LTD. (the "Company") is pleased to report that field work conducted along the Million Mountain Trend within its Lower Puruni Regional Block located in Central Guyana, South America has identified at least seven new highly prospective targets for gold mineralization in addition to Zone 1 on the Million Mountain Block.  Drilling to date has been in and around the main pit at Zone 1.  Each of these new zones is characterized by a silica-rich intrusive body intruded into brittle greenstones.  In each of the new target zones, the contact and outwash zones from the topographic highs which represent the more resistant intrusive bodies, are strongly anomalous in gold, both in soil geochemical samples and in stream sediment samples.

 

This depositional model, which is analogous to that of the Million Mountain Zone 1, upon which an initial NI 43-101 compliant resource estimate is currently being prepared, has long been recognized as a likely trend extending for more than eight kilometres along the Company's Million Mountain block of properties.  Intensive field work has now confirmed the existence of these additional intrusive bodies with attendant anomalous gold values.  At least two of the identified new targets have surface expressions of anomalous gold that appear to be as much as 10 times larger in aerial extent than the Zone 1 intrusion drilled to date.

 

The length of the intrusive-greenstone interface is a significant indicator of scale of potential gold mineralization within the region. Gold mineralization in these deposits is zonally controlled along the interface of the intrusive rock with the greenstone host where pressure/temperature conditions favored gold deposition.  Drilling on the new zones has now begun and is being conducted by Company employees with one of the Company's Atlas Copco CS14 core drills around the clock with double shifts seven days per week.

 

These additional new zones in close proximity to each other and Zone 1 are anticipated to be combined for a single project resource for a regional project with a single processing facility.   The Company's third party Contractors, Pincock, Allen and Holt, are nearing completion of an initial NI 43-101 compliant interim resource estimate for Million Mountain Zone 1.  This report will be issued as an interim report for zone 1, as assays for over twenty drill holes remained outstanding at the cut-off date.  Long lag time in return of assays and tight availability of third party geologic modeling time have slowed completion and issuance of the initial report.  The Company plans to commission a third party NI 43-101 compliant updated resource estimate in a few months to include the balance of the data for Million Mountain Zone 1 plus results to date on additional zones.

 

According to Irwin Olian, CEO of the Company, "Discovery of these seven additional zones in the lower Puruni project area near Million Mountain is very exciting, as it greatly enhances the potential for a large regional gold project. While the main pit has thus far proven to be somewhat limited in scope and grade, with the exception of several high-grade shoots, two of the new zones have very expansive surface expressions of anomalous gold and suggest the possibility for large bulk operations.  Drilling is now underway on the first of these new targets and we are anxious to receive results shortly."

 

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 Cabrera, 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>.

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.



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