Sacre-Coeur Minerals Clarifies PR Issued June 27Th Regarding New Alluvial Area
SACRE-COEUR MINERALS, LTD. (the 'Company') today announced that
notwithstanding the detailed discussion of methodology qualifying the
data presented and notwithstanding the disclosure that the data
presented was not a Resource under NI 43-101, the Company has been
advised by IIROC that it is not permissible under NI 43-101 to present
grade and quantity information even so qualified, unless in the context
of a Resource estimate. The table of data presented in the PR issued on
June 27, 2011, is hereby retracted and replaced with the table below.
| OG Test Pit Statistics a/o 24-Jun, 2011 | |||
Total Test Pits | 65 | ||
Assumed Cutoff Grade (g/cu m) | 0.3 | ||
Total pits above cutoff grade | 37 | ||
Number of pits grading 0.3 - 0.5 g/cu m | 3 | ||
Number of pits grading 0.5 - 1.0 g/cu m | 19 | ||
Number of pits grading 1.0 - 1.5 g/cu m | 4 | ||
Number of pits grading 1.5 - 2.0 g/cu m | 2 | ||
Number of pits grading 2.0 - 2.5 g/cu m | 4 | ||
Number of pits grading 2.5 - 3.0 g/cu m | 2 | ||
Number of pits grading > 3.0 g/cu m | 3 | ||
Test area length (m) | 360 | ||
Test area width (m) | 240 | ||
Cautionary Statement
Though the testing program presented herein was directly overseen by Mr.
Henry Salvado, Exploration Manager for the Company, who is a Qualified
Person under NI 43-101, assisted by other senior geologic staff, and the
results compiled therefrom are believed to be a reasonable assessment of
the in situ grade of gravity recoverable gold mineralization, no attempt
to qualify this data as a Resource under NI 43-101 has been made. The
results presented herein are therefore not represented to be Resources
under NI 43-101 and must be considered conceptual in nature. The Company
also wishes to make clear that though it intends to test mine the
deposit at bulk scale as described in the PR of June 27th, no
NI 43-101 compliant Feasibility Study has been undertaken.
Technical Staff
The Company′s exploration program is overseen by Mr. Henry Salvado,
Registered Geologist and Exploration Manager for the Company, under the
overall supervision of Mr. Gregory B. Sparks, P. Eng., President and
CEO. Mr. Salvado is assisted by Mr. Bjorn Jeune, Sr. Project Geologist
and Mr. Wilmar Ladia, Sr. Project Geologist. Mr. Carl Brink, Manager
Alluvial Operations for the Company, collaborates with the Exploration
Department with regard to all alluvial sampling and analytical programs.
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, P. Eng.
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 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.
Sacre-Coeur Minerals, Ltd.
Gregory Sparks, President and CEO
Phone:
604-899-0100
Fax: 604-899-0200
Email: greg@scminerals.com
or
Don
Mosher-B&D Capital, Corporate Consultant
Phone: 604-899-0100
Mobile:
604-617-5448
Fax: 604-899-0200
Email: don@scminerals.com