Aug. 13, 2010 (Business Wire) -- SACRE-COEUR MINERALS, LTD. (the “Company”) today provided further updates on its exploration program on Zone 9 located on the 20km Million Mountain Structural Trend within the Company’s Lower Puruni Block of concessions located in North-central Guyana. As reported in the PR issued last month, ground geophysics, including magnetics and induced polarization had been initiated on Million Mountain Zone 9. The planned start of more trench sampling and core drilling of targets previously identified on the zone was also noted in the same PR.
Trenching and drilling of these targets focused on the contact between a granitic intrusive body and the greenstone country rock, as well as on known vein targets has now begun. Trenching to date has exposed numerous new mineralized veins apparently crossing the granite-greenstone interface. Though assay results from most of the program are still pending, two notable results from a vein hosted in the granitic body returned 41.2 g/t Au over a 50 cm channel sample perpendicular to the dip of the vein, and 69.4 g/t Au from a 1 m panel sample taken down the dip of the vein. These assays were determined by fire assay at Acme Analytical at their Santiago, Chile lab.
To date six shallow (less than 200m) inclined holes have been completed in the contact area and in a nearby area of very small scale, shallow, historic underground mining worked by artisanal miners. While no assays have yet been received from this phase of core drilling, mineralized quartz veining with visible gold has been encountered, as well as sheared and silicified breccias. Though no conclusion can be reached from these empirical observations, the Company is encouraged by the nature and persistence of mineralized veining as well as the existence of the silicified breccias.
Drilling is expected to be on-going at Million Mountain Zone 9 for the next several months to test existing targets as well as those developed by the ground geophysical programs also currently underway. Drilling results in logical information sets will be reported periodically as assays are returned and analyzed.
Zone 9 is located 20 km WSW of Zone 1 on the Million Mountain structural trend. It was originally discovered in the 1980’s by small miners who developed numerous, shallow, underground and surface workings to exploit quartz veins hosted in Lower Proterozoic greenstones and various types of elluvial and alluvial deposits. In addition to the auriferous quartz veins, gold mineralization has been found in the silicified host rocks and potentially in zones of conjugate quartz veining found near intrusive granitic stock contacts, which may have acted as the focusing mechanism for the mineralizing fluids conducted by E-W quartz veins. As reported previously, in 2009 the Company conducted a limited, shallow, test drilling program on Zone 9. Several holes intercepted gold mineralization in quartz veins, the best result being an intercept containing gold mineralization of 4.0 g/t Au over 13.6 meters apparent width, which included 0.55 meters containing 84.26 g/t Au.
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, under the overall supervision of Mr. Gregory B. Sparks, P. Eng., President and CEO. Exploration is directed by Mr. Henry Salvado, Chief Geologist. Mr. Salvado 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 .
ON BEHALF OF THE BOARD OF DIRECTORS OF
SACRE-COEUR MINERALS, LTD.
“Gregory B. Sparks”
Gregory B. Sparks
President & CEO
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