SCM starts drilling at Zone 2 of M MtSacre-Coeur Minerals Ltd commences core drilling at Zone 2 of Million Mountain project
Apr 14, 2009 (M2 EQUITYBITES via COMTEX) --
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PowerRating -- Sacre-Coeur Minerals Ltd (CDNX:SCM.V) (Frankfurt:S5N.F), which is engaged in the acquisition, exploration and development of properties for the potential mining of gold, metals and diamonds in South America, declared on 14 April that the company has begun core drilling on Zone 2 of its Million Mountain project, which represents its largest target to date.
The company stated that Zone 2 has a surface gold anomaly covering approximately 14.6 square km, which is some 36 times larger than the gold anomaly at Million Mountain Zone 1 which measures approximately 0.4 square km in area. Million Mountain Zone 1 hosts an NI 43-101 compliant interim gold resource of 451,397 tr oz Au (388,456 tr oz Au Measured grading 1.0 g/t Au and 69,941 tr oz Au Indicated grading 0.9 g/t Au).
In addition to the expansive size of the Zone 2 target, empirical evidence suggests the potential for robust gold and copper mineralisation in the zone. Anomalous copper and gold values were encountered in a shallow drilling programme sponsored by the United Nations in the 1960s on the area now comprising Zone 2.
Additionally, Sacre-Coeur said that the scope of Phase 1 prospect drilling on Zone 2 will include up to 5,000 metres of NQ core and the Phase 1 drilling is expected to continue through summer 2009. All samples returning a value of 1.0 g/t Au or greater for the -200 mesh pulp will also have the +200 mesh screened fraction analysed for coarse metallics.