• Dienstag, 23 Juli 2024
  • 01:14 Uhr Frankfurt
  • 00:14 Uhr London
  • 19:14 Uhr New York
  • 19:14 Uhr Toronto
  • 16:14 Uhr Vancouver
  • 09:14 Uhr Sydney

Ground Geophysics Surveys Now Underway at Sacre-Coeur's Million Mountain Project in Guyana

13.07.2010  |  Business Wire

SACRE-COEUR MINERALS, LTD. (the 'Company?) today announced that
it has initiated geophysical survey programs that will cover portions of
Zone 1 and Zone 9 of its Million Mountain Gold Project located in North
Central Guyana. These programs are aimed at expanding high probability
drill targets and enhancing currently identified drill targets on both
Million Mountain Zones 1 and 9. The geophysical programs each have two
field phases, including an initial ground magnetics survey followed by a
direct current/induced polarization (DC/IP) resistivity survey.


The ground magnetics surveys are being completed by the Company′s
technical staff on 25 meter by 100 meter grid spacing. The DC/IP
resisistivity surveys will be performed by TRX Consulting C.A., a
Caracas based geophysical contractor with over 20 years experience in
the Guyana Shield gold belt. A Dipole-Dipole 50m spacing array
configuration is planned. The contractor will provide in-field QC along
with post survey advanced processing and quantitative interpretation.
Data will be presented in the form of vertical and horizontal sections.
All output will be rendered in a format compatible with the Company′s
GIS system.


Zone 9 is located 20 km WSW of Zone 1 on the Million Mountain structural
trend. It was originally discovered in the 1980′s by small miners who
developed numerous, shallow, underground and surface workings to exploit
quartz veins hosted in Lower Proterozoic greenstones and various types
of elluvial and alluvial deposits. In addition to the auriferous quartz
veins, gold mineralization has been found in the silicified host rocks
and potentially in zones of conjugate quartz veining found near
intrusive granitic stock contacts, which may have acted as the focusing
mechanism for the mineralizing fluids conducted by E-W quartz veins. As
reported previously, in 2009 the Company conducted a limited, shallow,
test drilling program on Zone 9. Several holes intercepted gold
mineralization in quartz veins, the best result being an intercept
containing gold mineralization of 4.0 g/t Au over 13.6 meters apparent
width, which included 0.55 meters containing 84.26 g/t Au.


The Zone 9 ground magnetics program covers an area of 1000 meters North
? South by 3000 meters East ? West. Lines are surveyed at 25 meter
intervals with line spacing of 100 meters. Field work for the ground
magnetics program on Zone 9 has been completed and the data is being
processed and analyzed. The DC/IP resistivity survey is planned to start
on Zone 9 in mid-July and will cover a similar area with approximately
20.8 line km surveyed.


Zone 1, upon which, based on an interim estimate, the Company has
reported an NI 43-101 compliant resource of 451K oz Au at an average
grade of 1.0 grams Au/T (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)
is hosted in Lower Proterozoic greenstones with several types of
intrusions. The resource is located on a major ENE lineament at the
intersection of N-S and NW-SE cross structures. Mineralization consists
of pervasive quartz veinlets with carbonates and associated disseminated
pyrite where hydrothermal breccias are usually found in the higher grade
portions of the mineralized bodies. It is believed that the geophysical
survey work will readily identify similar zones of potential gold
deposition.


The Zone 1 ground magnetics program covers an area of 3.7 sq km
extending partially into Zone 5, with similar line and station spacing
to that of Zone 9. Lines are oriented in a NW-SE direction which is
perpendicular to the main structure. The ground magnetics program is
planned to start in late July, followed by the DC/IP resistivity survey
work in early August. This survey will use a pole ? dipole array
designed for penetration to greater depths as the potential target sizes
are large and will include approximately 21 line km surveyed.


All the field survey work is planned to be finished for both phases on
both zones by late August, with the data processing and analysis
complete by the end of September 2010. In the mean time, core drilling
on both zones will continue to investigate existing targets generated by
other exploration work. Results of this drilling will be reported as
assay results become available and the data is analyzed.

Technical Staff


The Company′s mining and exploration program is overseen by Mr. A. David
Heyl, P. Geo., Director Mining and Exploration for the Company.
Exploration is directed by Mr. Henry Salvado, Chief Geologist. Mr.
Salvado is assisted on the hard-rock exploration program by Mr. Wilmar
Ladia, and by Mr. Bjorn Jeune, both Senior Project Geologists with many
years gold experience. Mr. Ardito Martohardjono is a Director of the
Company, and a laboratory specialist who provides assistance
establishing lab protocols, sample handling procedures, and assay
quality control. The undersigned, Mr. Heyl, 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


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. There is no guarantee that the tenor or
continuity of the resource target discussed herein will ultimately prove
to be as delineated in the Company′s sampling program, nor that the
yields obtained by production scale gravity extraction will be
comparable to the yields produced in the sampling program.


Sacre-Coeur Minerals, Ltd.

Gregory Sparks, President and CEO

Email:
greg@scminerals.com

Phone:
604-899-0100

Fax: 604-899-0200

or

Scott Young, Corporate
Communications

Email: scott@scminerals.com

Phone:
604-899-0100

Cellular: 705-888-2756

Fax: 604-899-0200



Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Sacre-Coeur Minerals Ltd.
Bergbau
-
-

Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.