Sacre-Coeur clarifies Guyana test pit statisticsSacre-Coeur clarifies Guyana test pit statistics TickerSymbol: C:SCM
Sacre-Coeur clarifies Guyana test pit statistics
Sacre-Coeur Minerals Ltd (C:SCM)
Shares Issued 46,566,614
Last Close 6/27/2011
.325
Tuesday June 28 2011 - News Release
Mr. Gregory Sparks reports
SACRE-COEUR MINERALS CLARIFIES PR ISSUED JUNE 27THREGARDING NEW ALLUVIAL AREA
Sacre-Coeur Minerals Ltd. has retracted the datapresented in the press release issued on June 27, 2011. Notwithstanding thedetailed discussion of methodology qualifying the data presented andnotwithstanding the disclosure that the data presented was not a resource underNational Instrument 43-101, the company has been advised by IIROC that it isnot permissible under NI 43-101 to present grade and quantity information even soqualified, unless in the context of a resource estimate. The data presented inthe press release issued on June 27, 2011, is hereby retracted and replacedwith the following data.
OG test pit statistics as of June 24, 2011
Total test pits:65Assumed cut-off grade (grams per cubicmetre (g/cu m)):0.3Total pits above cut-off grade37Number of pits grading 0.3to 0.5 g/cu m:ThreeNumber of pits grading 0.5 to one g/cu m:19Number of pitsgrading one to 1.5 g/cu m:FourNumber of pits grading 1.5 to two g/cu m:TwoNumberof pits grading two to 2.5 g/cu m:FourNumber of pits grading 2.5 to three g/cum:TwoNumber of pits grading above three g/cu m:ThreeTest area length(m):360Test area width (m):240
Cautionary statement
Though the testing program presented herein was directlyoverseen by Henry Salvado, exploration manager for the company, who is aqualified person under NI 43-101, assisted by other senior geologic staff, andthe results compiled therefrom are believed to be a reasonable assessment ofthe in situ grade of gravity-recoverable gold mineralization, no attempt toqualify this data as a resource under NI 43-101 has been made. The resultspresented herein are therefore not represented to be resources under NI 43-101and must be considered conceptual in nature. The company also wishes to makeclear that though it intends to test mine the deposit at bulk scale asdescribed in the press release R of June 27, no NI 43-101-compliant feasibilitystudy has been undertaken.
Technical staff
The company's exploration program is overseen by Mr.Salvado, registered geologist and exploration manager for the company, underthe overall supervision of Gregory B. Sparks, PEng, president and chiefexecutive officer. Mr. Salvado is assisted by Bjorn Jeune, senior project geologist,and Wilmar Ladia, senior project geologist. Carl Brink, manager, alluvialoperations, collaborates with the exploration department with regard to allalluvial sampling and analytical programs.. Ardito Martohardjono, a director ofthe company and a laboratory specialist, provides assistance with labprotocols, sample handling procedures and assay quality control. Theundersigned and Mr. Salvado are qualified persons under NI 43-101.
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