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SACRE-COEUR MINERALS, LTD.
(the “Company”) today announced that drilling of the targets
identified by the geophysical surveys completed in the fall of 2010 over Zone
1 of its Million Mountain Project has begun. Zone 1 is located on the 20km
Million Mountain Structural Trend within the Company’s Lower Puruni Block of concessions located in North-central
Guyana. These highly focused targets indicate potential expansion areas to
the preliminary Zone 1 NI 43-101 compliant resource estimate published in
September 2008 containing 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).
The targets to be tested present as congruent signatures from IP and
ground magnetic surveys. These signatures mirror the signature exhibited by
the known resource body at Zone 1 which serves as an index. The geophysical
surveys revealed three such target zones for potential continuation of the
Million Mountain Zone 1 resource body which have not been drill tested prior
to this drill program. The Company has budgeted up to 23,000 meters of
additional drilling to define these possible expansion areas to the Zone 1
resource body.
Upon completion of this drilling program, the NI 43-101 resource
estimate for Million Mountain Zone 1 will be updated. The update is expected
to be completed in 4Q 2011. This update will also include 41 previously
reported drill holes completed since the initial resource estimate was issued
in 2008, many of which are expected to be additive to the reportable
resource, as well as all drilling from this current campaign.
Further geophysical surveys on Zone 1 are also planned in the coming
months to expand the area of coverage. In all instances, the signatures
representing target zones identified by the last geophysical program are
truncated at the limits of the survey.
According to Greg Sparks, President & CEO, “we are very
pleased with the focused targets generated by the recent geophysical program,
and we looking forward to drill testing these potential resource expansion
targets on Million Mountain over the next few months.”
Technical Staff
The Company’s exploration program is overseen by Mr. Henry Salvado, Registered Geologist., Exploration
Manager for the Company, under the overall supervision of Mr. Gregory B.
Sparks, P. Eng., President and CEO. Exploration on Million Mountain Zone 1 is
directed by Mr. Bjorn Jeune, Sr. Project Geologist.
Mr. Ardito Martohardjono
a Director of the Company, and a laboratory specialist provides assistance
with lab protocols, sample handling procedures, and assay quality control.
The undersigned and Mr. Salvado are qualified
persons under NI 43-101.
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 1000 sq. km 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
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
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