Sacre-Coeur Minerals Ltd.

Published : December 12th, 2008

DISCOVERS PORPHYRY-TYPE AU, CU, MO MINERALIZATION AT MILLION MOUNTAIN NEW ZONE 3

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Keywords :   Canada | Chile | Copper | Gold | Molybdenum | Silver |
Sacre-Coeur Minerals

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

FOR IMMEDIATE RELEASE

                                                                                                                        TSX:  SCM.V 

December 12, 2008                                                                                              Frankfort:  S5N

                                                                                                                                                           
SACRE-COEUR DISCOVERS PORPHYRY-TYPE AU, CU, MO MINERALIZATION AT MILLION MOUNTAIN NEW ZONE 3

 

VANCOUVER, British Columbia - SACRE-COEUR MINERALS, LTD. (the "Company") today announced that core drilling has intersected a porphyry-type mineralized body containing significant grades of gold, copper and molybdenum on Zone 3 of its Million Mountain Project, including intercepts of gold up to 14.41 g/t Au, copper up to > 1.00% (upper detection limit of current analysis) Cu, moly up to 0.18% Mo, and minor silver.

 

An NI 43-101 compliant interim resource estimate of 14,294,563 tonnes grading 1.0 g/t Au containing 451,397 tr oz Au (12,119,285 tonnes @1.0 g/t Au Measured and 2,175,278 tonnes @ 0.9 g/t Au Indicated) was reported by the Company (NR dated September 22, 2008) for Million Mountain Zone 1.  Seven other highly prospective target zones have been defined by the Company's field programs conducted over the past two years.  "Discovery" drilling to test Zone 3 has been conducted for the past three months.  This program initially discovered a relatively small shoot of porphyry-type mineralization (45 meters apparent thickness in drill hole #WP0608).  Step out drilling 100 meters to the North-Northeast from the initial discovery hole has intersected increasing thickness of the mineralized body as indicated in the table below.  Drilling to date is believed to have intersected a mineralized shoot from a suspected larger porphyry body.  The Company plans to drill several deep holes (up to 1,000 meters total depth) into Zone 3 beginning in January, 2009 to test the suggested presence of a large mineralized porphyry body at depth.  Initial drilling into Zone 2 further to the West along the Million Mountain structural trend is also planned to start in January

 

The Zone 3 porphyry target lies 3.8 kilometres to the West of Million Mountain Zone 1, along the 8 kilometre Million Mountain structural trend.  The Company holds a 100% interest in contiguous property blocks along the entire Million Mountain trend.

 

Selected results from the discovery drilling program are presented in the following table.

 

TABLE OF SELECTED ZONE 3 DRILL RESULTS

 

Drill Hole

From (m)

To (m)

Interval (m)

Au

(g/t)

Cu

(%)

Mo

(%)

Ag

(g/t)

Au Equiv (g/t)

WP0608

98.12

143.20

45.08

0.35

0.08

0.013

1.88

0.71

WP0708

131.31

217.11

85.30

0.34

0.11

0.011

2.13

0.72

WP0808

176.82

306.43

129.61

0.22

0.07

0.010

1.19

0.51

WP0908

158.32

466.69

309.07

0.22

0.07

0.010

1.30

0.51

 

            Notes:

1)      Intervals are not resolved to true widths.

2)      Au equivalent is calculated using $750/tr oz Au, $1.75/lb Cu, $18/lb Mo and $10/tr oz Ag.  Metallurgical recoveries and net smelter returns are assumed to be 100% for purposes of calculating equivalent Au.

 

 

 

For the reported intervals in each hole, the following table lists the contribution by each metal to the calculated equivalent gold value.

 

Table of Metals Contribution

 

Drill Hole

Au

(% of Equ Au)

Cu

(% of Equ Au)

Mo

(% of Equ Au)

Ag

(% of Equ Au)

Total

(% of Equ Au)

WP0608

45.2%

21.1%

29.5%

4.1%

 

 

 

100%

WP0708

44.6%

26.6%

24.3%

4.6%

100%

WP0808

42.2%

26.4%

27.7%

3.6%

100%

WP0908

39.4%

26.8%

29.6%

4.1%

100%

 

 

Zone 3 Drill Hole Survey Data

 

Drill Hole

UTM Grid No.

East

(m)

North

(m)

Collar Elev.

(m)

Azimuth (true N)

Inclination

WP0608

21N

237253.60

 

697163.30

 

88.13

 

210

-45

WP0708

21N

237253.60

 

697163.30

 

88.13

 

210

-60

WP0808

21N

237253.60

 

697163.30

 

88.13

 

N/A

-90

 

WP0908

21N

237294.32

 

697251.99

 

71.23

 

N/A

-90

 

 

Notes:

1)      Holes WP0608, WP0708, and WP0808 were drilled as a three hole fan intersecting the mineralized structure at progressively deeper depths.

2)      Hole WP0908 was collared approximately 100 meters North-Northeast of the above referenced fan.

 

To date 17 holes have been drilled in the Zone 3 area.  Drill holes WP0108 through WP0508 were drilled outside the porphyry-type structure and encountered only minor epithermal veins with no significant mineralization.  Drill holes WP0608 through WP0908 are reported above.  Drill holes WP1008 through WP1708 have assays pending.

 

According to Irwin Olian, CEO of the Company, "It is gratifying that our initial drilling into Zone 3 has encountered gold as well as other mineralization.  This tends to validate our geologic model which suggests the existence of at least eight potentially productive zones over the eight kilometre structural trend situated within the Million Mountain Property.  While we are just beginning to define this mineralized body, we are certainly excited about the discovery of polymetallic, porphyry-type mineralization.  We are eagerly awaiting the results of the next planned deep holes further to the East and North of the discovery holes which are scheduled to start in January 2009. These additional holes will test the existence of a potentially large polymetallic porphyry deposit."

 

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 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.

 

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, 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

 

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.

 

 



.
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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
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1/28/2009GRANTS STOCK OPTIONS
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1/18/2012ANNOUNCES APPOINTMENT OF MR. JOHN BOOTH AS DIRECTOR, AND ELE...
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7/29/2013Prime Equity Research - Buy Target $0.64 (CA: SCM.v or US:...
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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
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8/26/2013Event Driven Trading Opportunity in Sacre-Coeur Minerals as ...
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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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