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
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Scott Young, Corporate Communications
Email: scott@scminerals.com
Phone: 604-899-0100
Cellular: 705-888-2756
Fax: 604-899-0200
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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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