Sacre-Coeur Minerals Ltd.

Published : January 15th, 2009

SHALLOW PROSPECT DRILLING AT SACRE-COEUR?S NORTHWEST DISTRICT REVEALS ROBUST ALLUVIAL GOLD TARGET IN

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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 

January 15, 2009                                                                                                 Frankfort:  S5N

                                                                                                                                                           

 

SHALLOW PROSPECT DRILLING AT SACRE-COEUR'S NORTHWEST DISTRICT REVEALS ROBUST ALLUVIAL GOLD TARGET IN NEAR-SURFACE MINERALIZATION

 

 

VANCOUVER, British Columbia - SACRE-COEUR MINERALS, LTD. (the "Company") today announced that it has completed a shallow prospect core drilling program on its Northwest Gold Project in Guyana South America.  The program was designed to test the persistence at depth of high grade epithermal vein systems identified by soil geochemistry and trenching.  Though weathering and erosion have removed much of the in-place epithermal system, this process has resulted in substantial gold-bearing mineralization in alluvial and colluvial material at or near surface, supplemented by the in-situ roots of the epithermal vein system.  Trench results of up to 12.0 meters grading 7.90 g/t Au, as reported in the PR dated February 26, 2008, coupled with the shallow epithermal vein drill intercepts reported herein of up to 2.31 meters @ 6.6 g/t Au combine to make a potentially attractive target for alluvial mining.

 

Historic artisanal mining in the project area has also generated a significant tonnage of tailings often grading above 2 g/cubic meter Au.  In aggregate, the gold-bearing mineralization and tailings covers a surface area measuring approximately 800 meters by 200 meters in the 19 Mile Prospect, with a number of additional untested zones in future drill plans.   This and other similar deposits held by the Company may lend themselves to rapid, low cost development and generate cash flow for the Company to supplement its working capital during this current period of relatively strong gold prices but weak equity market conditions.  The Company is currently evaluating engineering, metallurgical, environmental, economic and other considerations related to exploitation of the alluvial targets and will make a decision concerning bulk sampling associated with test mining in the coming months.

 

While evaluation of the epithermal gold potential has suggested depths generally less than 50 meters below surface at the 19 Mile Prospect, other geologic work has also identified several deep-seated mesothermal gold targets on the Company's Northwest Project license area. As reported in previous releases, investigation of these deeper targets has been deferred during this period of economic down-turn while the Company focuses on further expansion of resources on its more advanced Million Mountain Project.

 

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

 

TABLE OF SELECTED DRILL RESULTS

 

Drill Hole

From (m)

To (m)

Interval* (m)

Au

(g/t)

WLDH003

34.27

36.58

2.31

6.60

M19DH001

8.00

12.00

4.00

2.72

M19DH008

5.60

8.00

2.40

3.43

M19DH033

5.70

8.00

2.30

4.26

 

                                    *Note:  Intervals are not resolved to true widths.

Drill Hole Survey Data

 

Drill Hole

UTM Grid No.

East

(m)

North

(m)

Collar Elev.

(m)

Azimuth (true N)

Inclination

WLDH003

21N

174618

854979

32

215

-45

M19DH001

20N

824377

837237

65

N/A

-90

M19DH008

20N

824443

837335

60

 

N/A

-90

 

M19DH033

20N

824704

837553

61

 

195

-80

 

 

 

According to Irwin Olian, CEO of the Company, "While the Million Mountain Project remains our top priority for long-term development and exploitation, with core drilling now ongoing  in Zones 2 and 3, the newly identified alluvial gold targets in the Northwest Project area provide a potential opportunity for near-term cash flow for the Company at relatively low cost.  These will be evaluated as quickly as possible to determine whether bulk sampling for test mining is in the best interests of the Company."

 

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 Northwest Regional Program was managed by Mr. Luis Gana, Chief Geologist Northwest Region.  He was assisted by Messrs. Ricardo Baja, Noel Queto, and Ernesto Dizon, 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 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, 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
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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