Sacre-Coeur Minerals: Drill Testing Targets for Expansion of Million Mountain Zone 1 Resource Body Begins
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.
Gregory Sparks, President and CEO
greg@scminerals.com
Phone:
604-899-0100
Fax: 604-899-0200
or
Scott Young, Business
Development Executive
scott@scminerals.com
Phone:
604-899-0100
Cellular: 705-888-2756
Fax: 604-899-0200