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Steadright Critical Minerals Inc V.SCM


Primary Symbol: C.SCM

Steadright Critical Minerals Inc. is a mineral exploration company. The Company is engaged in exploration and evaluation of mineral properties. The Company holds an option on its RAM property near Port Cartier, Quebec within the Cote-Nord Region, which is accessible by route 138. The RAM project consists of over 13,000 acres and is located on an Anorthositic complex that is in a highly prospective geological unit, which is underexplored for nickel, copper, cobalt and precious metals. The Anorthositic complex consists of anorthosite, leuconorite, and leucotroctolite assemblages at its center, surrounded by a leuconorite, pegmatitic norite, and anorthosite unit. The RAM Property is roughly 29 km southwest of Port-Cartier, Quebec. It also owns a 100% undivided interest in the Saint Gabriel Project, which consists of Silica-based claims in the Bas-Saint-Laurent Region, Quebec, Canada. It also has a 100% interest in the Trout Lake Silica Claims, covering over 53 mineral claims in Ontario.


CSE:SCM - Post by User

Post by cajoneson Jun 16, 2010 8:14am
404 Views
Post# 17192944

More hard rock results

More hard rock results

Vancouver, British Columbia CANADA, Jun 16, 2010 (Filing Services Canada via COMTEX) -- Sacre-Coeur Minerals Ltd. (SCM - TSX Venture)(S5N - FWB), (the "Company") today announced further results from its current drilling program aimed at expanding the Zone 1 resource on its Million Mountain property located in Guyana. Drill hole MM17610 returned 68.65 meters grading 0.94 g/t Au, which includes 1.0 meter grading 9.18 g/t Au, 1.0 meter grading 6.30 g/t Au, and 1 meter grading 7.26 g/t Au. Though discontinuous, five other narrow zones grading over 2.0 g/t Au were encountered, including 0.47 meters grading 13.44 g/t Au, and 0.53 meters grading 8.62 g/t Au along with numerous narrow zones grading greater than 0.5 g/t Au in the 462.7 meter hole.

In September 2008, the Company reported an NI 43-101 compliant interim resource estimate which revealed 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). Following this initial resource development effort, drilling was temporarily diverted toward scout drilling multiple preliminary targets which had been developed along the 20km Million Mountain trend on the Company's Lower Puruni Block in order to identify and prioritize additional key zones along the trend for further target refinement prior to commissioning resource drilling on these additional zones. The scout drilling work was completed at year end 2009. Commencing in early 2010, drilling was again focused on Million Mountain Zone 1 to continue expansion of the Zone 1 resource.

The current phase of resource expansion drilling has included slightly more than 4,660 meters drilled to date in nine holes. Results of the first seven of these were reported in May 2010. The goal of this phase of drilling is to better understand the plumbing of the mineralizing system, to identify key structural controls both pre and post mineralization, and to develop drilling data for expansion of the NI 43-101 compliant resource. This phase of drilling is testing for continuation of the mineralized body to the North, East, South, and at greater depth than the original resource drilling.

A table of selected drilling results from the current program is presented overleaf, followed by a table of drill hole survey data.

TABLE OF SELECTED DRILL RESULTS


-------------------------------------------------
Drill Hole From To Interval Assay
(m) (m) (m) (g/t Au)
-------------------------------------------------
MM17610 0.0 68.65 68.65 0.94
-------------------------------------------------
including 50.2 51.2 1.0 9.18
-------------------------------------------------
including 57.48 58.48 1.0 6.3
-------------------------------------------------
Including 59.48 60.48 1.0 7.26
-------------------------------------------------
MM17610 197.95 198.42 0.47 13.44
-------------------------------------------------
MM17610 324.6 325.13 0.53 8.62
-------------------------------------------------
MM17610 333.08 334.08 1.0 3.25
-------------------------------------------------
MM17610 354.55 355.55 1.0 2.32
-------------------------------------------------
MM17710 32.5 56.1 23.6 0.53
-------------------------------------------------


Notes: 1) Intercepts are not resolved to true width. 2) Assays are uncut, though no significant statistical outliers occur in the sample population.

DRILL HOLE SURVEY DATA


-----------------------------------------------------------------------
Hole ID East North Elevation Total Depth Azimuth Dip
(m) (m) (m) (m)
-----------------------------------------------------------------------
MM17610 240936.2 697093.6 91.7 462.7 105 -58
-----------------------------------------------------------------------
MM17710 240994.8 696826.2 84.7 204 284 -57
-----------------------------------------------------------------------


All drill holes in this program, though in some instances collared near holes included in the existing resource model, were drilled with azimuths and dips to target untested potential extensions of the current resource body to the North, East, South, and at greater depth than the original phase of resource drilling.

Zone 1 step out drilling continues to add positive intercepts which will further add to the resource estimate for Zone 1 at next update. Advances in Zone 1 hard-rock resource development as well as the recent successful conversion to hydraulic mining of nearby alluvial material are significant advances for the Company.

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. The Mr. Henry 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

For further information, contact:

Gregory Sparks, President and CEO

Email: greg@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. 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

Suite 1450, Box 11553

650 West Georgia Street

Vancouver, BC

V6B 4N8

Source: Sacre-Couer Minerals Ltd. (SCM - TSXV) www.scminerals.com

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