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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 Nov 10, 2007 1:03pm
514 Views
Post# 13788260

News Release

News ReleaseThis looks like a pretty promising update to me and I'm surprised it hasn't created more interest - perhaps people are a little hesitant after the big drop in the spring. I've been holding shares in SCM for 18 months and think it is very undervalued given the  current POG and the fact that the company is working towards a mine at Million Mountain.

AUGUR SAMPLING FROM SACRE-COEUR'S NORTHWEST GOLD PROJECT CONFIRMS NEAR-SURFACE HIGH-GRADE GOLD; AUGUR SAMPLES INCLUDE 26.8 g/t AU
03:01 EST Friday, November 09, 2007

FSC / Press Release

AUGUR SAMPLING FROM SACRE-COEUR'S NORTHWEST GOLD PROJECT CONFIRMS NEAR-SURFACE HIGH-GRADE GOLD; AUGUR SAMPLES INCLUDE 26.8 g/t AU

Vancouver, British Columbia CANADA, November 09, 2007 /FSC/ - Sacre-Coeur Minerals Ltd. (SCM - TSX Venture, S5N - FWB), (the "Company") is pleased to report that positive results continue from its regional sampling program on its 1,250 sq km Northwest Gold Project located in the Region 1, Mining District 5 of Guyana, South America. Mechanized deep trenching has now begun on the first prime target area along a 12 kilometer favorable structural trend which has been identified in the region. Current sample results include a 26.8 g/t Au 1 meter auger sample and a 48.3 g/t Au grab sample taken from an outcropping quartz vein.

Work in this area has revealed a sizable near-surface "package" of closely spaced mineralized quartz veins hosted in schist. The dominant veins are gently dipping at 15 - 20 degrees to the North, oriented along the fabric of the host rock. In addition to high grade mineralization within the veins, the host rock between the veins is laced with "micro-veins" along joint sets which are also mineralized and have imparted gold mineralization into the host schist as well. Our prior Press Release dated September 14, 2007, reported high-grade results of the initial sampling program over this area, covering a surface grid of approximately 1,280 m by 360 m.

An ongoing auger drill and trench sampling program is focused on determining the intensity of gold mineralization in the host rock between the veins within the mineralized package. Current results from this program are presented in the following table.

TABLE OF SELECTED SAMPLE RESULTS

Sample  Assay      Sample Type           Sample Description
  No   (g/t Au)                                                     
--------------------------------------------------------------------
NW3579  5.778      auger - 1m    Brown weathered schist sandy coarse
                                 -grained with fragments of qtz.
--------------------------------------------------------------------
NW3580  1.302      auger - 1m    Brown weathered schist sandy
                                 coarse-grained with qtz fragments.
--------------------------------------------------------------------
NW3638  2.568      auger - 1m    Brown weathered schist with
                                 fragments of qtz. - between veins
--------------------------------------------------------------------
NW3659  3.419      auger - 1m    Brown alluvial with fragments of
                                 qtz.
--------------------------------------------------------------------
NW3660  1.660      auger - 1m    Brown alluvial with fragments
                                 of qtz. S
--------------------------------------------------------------------
NW3685  2.216      auger - 1m    Brown sandy coarse-grained gravel
                                 with fragments of qtz and laterite
                                 -alluvial
--------------------------------------------------------------------
NW3686  3.763      auger - 1m    Brown sandy coarse-grained gravel
                                 with fragments of qtz. - alluvial
--------------------------------------------------------------------
NW3688  3.286      auger - 1m    Brown weathered schist with
                                 fragments of qtz. - between veins
--------------------------------------------------------------------
NW3695 48.313  rock grab sample  Sugary qtz with visible gold
--------------------------------------------------------------------
NW3714  6.751      auger - 1m    Sandy coarse-grained with fragments
                                 of qtz - alluvial
--------------------------------------------------------------------
NW3729  2.106  rock grab sample              Gray qtz.
--------------------------------------------------------------------
NW3742  2.397      auger - 1m    Brown weathered schist with
                                 fragments of qtz. - between veins
--------------------------------------------------------------------
NW376  26.761      auger - 1m    Brown weathered schist with
                                 fragments of qtz. - between veins
--------------------------------------------------------------------
NW3770  1.138      auger - 1m    Brown weathered schist with
                                 fragments of qtz. - between veins
--------------------------------------------------------------------
NW3776  1.471      auger - 1m    Brown weathered schist with
                                 fragments of qtz. - between veins
--------------------------------------------------------------------
NW3779  2.829  rock grab sample          Sugary qtz with mica
--------------------------------------------------------------------
NW3780  3.242      auger - 1m    Brown weathered schist with
                                 fragments of qtz. - between veins
--------------------------------------------------------------------
NW3858  5.825  trench-1m vertical  Brown weathered schist with
                                   fragments of qtz. - between veins
--------------------------------------------------------------------
NW3878  3.719  trench-1m vertical  Brown weathered schist with
                                   fragments of qtz. - between veins
--------------------------------------------------------------------
NW3894  5.077  trench-1m vertical  Brown weathered schist with
                                   fragments of qtz. - between veins
--------------------------------------------------------------------
NW9027  2.117  trench-1m vertical  Brown weathered schist with
                                   fragments of qtz. - between veins
--------------------------------------------------------------------
NW9102  3.477  trench-1m vertical  Brown weathered schist with
                                   fragments of qtz. - between veins
--------------------------------------------------------------------

Notes: All auger samples are hand auger samples collected commencing one meter below the surface and continuing for a one meter sample interval. Assays are uncut.

Early mechanized trenching has been able to cut through a vertical section of the relatively flat lying mineralized structure to a total thickness of approximately ten meters. Persistence at greater depths will be determined by drilling. Though early in the program, the mineralized zone exhibits good aerial persistence, which will be further investigated by trenching and drilling. The Company currently is mobilizing a small MPP track mounted Pioneer drill to site which has capacity to core to approximately 30 meters in weathered rock. Following the Christmas break, early in 1Q 2008, the Company expects to receive on site a track mounted Atlas Copco CT 14 core drill which has coring capability to 1,000 meters on NQ core. This rig and/or a contract drill will further investigate the depth extent of this sub-horizontal zone of gold mineralization.

Million Mountain Project

The Company continues to work to expand the size of the main zone at Million Mountain, as well as to undertake infill drilling. We are awaiting with anticipation assay results from trenching and drilling progressing to the South and East from the known mineralized body. While awaiting clearance of the large back log of pending results to the South, drilling has commenced over an area extending approximately 1km east from the main zone in an area where trenching has revealed a highly prospective geologic setting with many mineralized quartz veins exhibiting visible gold.

According to Irwin Olian, CEO of the Company, "Early results from our surface sampling work at the Northwest Gold Project continue to suggest great potential, as the area covered is quite sizable and grades are most encouraging. We look forward to the commencement of our core drilling program on site shortly after the Christmas break. In the meantime, we remain excited about prospects for our Million Mountain Gold Project, where core drilling is underway and continues to generate strong results. We are moving as quickly as possible toward delineation of a meaningful 43-101 compliant resource."

Assay Data

The Company uses Loring Laboratories - Guyana, a subsidiary of Loring Laboratories, Ltd. of Calgary Alberta qualitatively to analyze geo-chem and other field samples. The results presented herein are composites of the assay of the coarse metallic fraction (+200 mesh) and the assay for the -200 mesh pulp to produce a total contained gold assay. 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, along with the project geologic staff including Jack King, Project Manager Northwest Region, Joseph Calpito, Senior Project Geologist, and Maria King, Senior Project Geologist. Mr. Sparks is a Qualified Persons under NI 43-101. 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 850 square miles 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

Lee Dunston,
Corporate Communications
Email: ldunston@scminerals.com
Phone: 604-899-0100
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.

SACRE-COEUR MINERALS, LTD.

Suite 1925, Box 11553
650 West Georgia Street
Vancouver, BC
Canada, V6B 4N8

Source: Sacre-Couer Minerals Ltd. (SCM - TSXV) www.scminerals.com
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Ph: (403) 717-3898 Fx: (403) 717-3896 www.usetdas.com
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