Sacre-Coeur Minerals Ltd.
Sacre-Coeur Minerals, Ltd. (TSX-V: SCM) is engaged in the acquisition, exploration and development of Properties for the potential mining of gold, metals and diamonds in South America, initially focusing on exploration for gold on its properties in Guyana. The Company presently has an interest in approximately 1,013 square kilometers of mineral properties in Guyana, including the flagship Million Mountain project in north-central Guyana consisting of 21 permits covering some 21,768 acres in the Mazaruni Mining District with 43-101 Resource Estimate Zone 1 at Million Mountain: 451,397 tr oz Au. The Company has offices in Vancouver, Canada and Georgetown, Guyana.
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Guyana is an amazing combination of the Caribbean and South America. A former British colony, it has the distinction of being the only country on the continent of South America with English as its official language. This explains why today it is culturally aligned with the British West Indies but almost isolated from its Spanish, Dutch and Portuguese-speaking neighbors. Guyana's population can trace its roots back to Africa, India, Portugal and China. Guyana, a country of exceptional natural beauty, is a splendid combination of the Caribbean and South America, with fascinating touches of a sometimes turbulent past. Perched on the north-east corner of the South American continent, Guyana stretches 450 miles from its long Atlantic coastline into dense equatorial forest and the broad savannah of the Rupununi.
In September, 2006, incumbent President Bharrat Jagdeo, who was re-elected for a second 5-year term, the PPP/C party received 54.6% of the 336,375 valid votes in the election. It gained two parliamentary seats from 2001 to bring its present total to 36 of the 65. The main opposition PNCR coalition accounted for 34% of the vote. Overall, voter turnout was 69% from the 492,369 voters on the official list. After declaration of the results on August 31, the populace reacted with stability reflecting the general sense that a credible election had taken place.
According to U.S. Ambassador to Guyana, David Robinson, as reported in leading newspaper Stabroek News, the opposition parties' acceptance of the results is "extraordinarily responsible" and he believes the violence-free elections "are a very good sign of democratic maturity." It reflects responsible behaviour on behalf of the electorate, the Guyana Elections Commission and the elections staff, as well as the security service.
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June 15, 2011 - A Letter from our President (pdf)
For more information on becoming an investor in Sacre-Coeur Minerals, Ltd. contact our investor relations department.
Suite 1450, PO Box 11553
650 West Georgia Street
Vancouver, BC
V6B4N8
CANADA
Tel: (604) 899-0100
Fax: (604) 899-0200
Email: info@scminerals.com
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January 16, 2012
SACRE-COEUR MINERALS ANNOUNCES APPOINTMENT OF MR. JOHN BOOTH AS DIRECTOR, AND ELECTION OF MR. BOOTH AS CHAIRMAN OF THE BOARD OF DIRECTORS
VANCOUVER, BC--(MARKET WIRE)-- January 16, 2012 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company") today announced that in connection with its recent strategic shift in emphasis toward internally generated cash flow and rapid development of its initial hard-rock resources, it has appointed Mr. John G. Booth as an interim Director. The board has also voted unanimously to elect Mr. Booth to the position of non-executive Chairman of the Board of Directors of the Company. Mr. Ben Catalano, a director, has resigned effective 13 January, 2012, and Mr. Irwin A. Olian has resigned as Executive Chairman of the Board as of the same date to make way for Mr. Booth’s appointment and subsequent election as Chairman. Mr. Olian will remain an active participant on the Company’s board of directors. Mr. Booth is expected to stand for election by the shareholders at the Company’s next AGM. READ MORE »
SACRE-COEUR MINERALS ANNOUNCES FORMATION OF CONTRACT DRILLING DIVISION
VANCOUVER, BC--(MARKET WIRE)-- December 15, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company") today announced that it has established a contract drilling division. Two of three Company-owned, late model Atlas Copco Exploration Products wireline core drills have been allocated to the commercial venture, while the third drill has been reserved to continue hard-rock gold exploration and resource expansion on the Company’s more than 850 square kilometer portfolio of properties in Guyana. This move is another component, together with previously announced alluvial gold production, in the Company’s strategy to fund its on-going hard-rock gold exploration and feasibility studies as well as to build working capital reserves entirely from internal cash flow without reliance on the capital market. READ MORE » October 20, 2011
SACRE-COEUR MINERALS ANNOUNCES RECENT MILLION MOUNTAIN DRILLING RESULTS; UP TO 49.2 G/T AU IN NARROW VEINS
VANCOUVER, BC--(MARKET WIRE)-- October 20, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company") today announced that with its new high capacity dredge operating at design throughput rates, and with recent completion of installation of new refinery equipment, gold production has increased significantly from its properties located in North-central Guyana. A systematic grade control program has been implemented to keep mining focused on just the alluvial “pay zone” to minimize mining dilution. A booster pump has been installed in the water supply system for the monitors to increase pressure and volume to break up cemented gravel and to move more material to the plant, now that the dredge has ample capacity to handle more than 50 cubic meters of alluvial gravel per hour. READ MORE » October 3, 2011
SACRE-COEUR MINERALS ANNOUNCES RECENT MILLION MOUNTAIN DRILLING RESULTS; UP TO 49.2 G/T AU IN NARROW VEINS
VANCOUVER, BC--(MARKET WIRE)-- October 3, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")") today announced that it has received and analyzed assay results from the initial drill testing of targets represented by IP anomalies generated by a ground, dipole-dipole IP survey conducted over possible extensions of the Company’s Million Mountain Zone 1 deposit located on its Lower Puruni block of properties in North-Central Guyana. Three of the five initial holes which have been assayed encountered significant sulphide mineralization disseminated in the Quartz-Monzonite host rock ranging to approximately 10% total sulphides, thus confirming the IP anomalies. Assays did not show appreciable gold in association with the disseminated sulphide mineralization. However, hole #18911 encountered several narrow veins exhibiting significant gold values, including 0.30 meters grading 49.2 g/t Au, and 0.33 meters grading 20.0 g/t Au. Holes MM19111 and MM19311 encountered lesser values generally restricted to veining. READ MORE » September 21, 2011
SACRE-COEUR MINERALS CLOSES $240,000 SECOND TRANCHE OF PRIVATE PLACEMENT
VANCOUVER, BC--(MARKET WIRE)-- September 21, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")is pleased to announce the closing of the second tranche of its previously announced non-brokered private placement. Gross proceeds of CAD $240,000 were raised in the second tranche. Together with the previously closed first tranche, the Company has raised aggregate gross proceeds in this private placement of CAD$1,440,000. READ MORE » August 30, 2011
SACRE-COEUR MINERALS CLOSES $1.2 MILLION FIRST TRANCHE OF PRIVATE PLACEMENT
VANCOUVER, BC--(MARKET WIRE)-- August 30, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")is pleased to announce the closing of the first tranche of a non-brokered private placement which has raised gross proceeds of CAD $1,200,000. Under the terms of the private placement, the Company has issued 4,000,000 Shares (the “Shares”) at CAD $0.30 per Share to a single investor. READ MORE » August 26, 2011
SACRE- COEUR MINERALS APPOINTS MARK LOTZ AS NEW CFO AND DIRECTOR
VANCOUVER, BC--(MARKET WIRE)-- August 26, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")is pleased to announce that Mr. Mark Lotz, C.A., has been appointed to serve as the new Chief Financial Officer of the Company and as a Director, replacing Ms. Limor Rubin, C.A. Ms. Rubin has resigned as CFO and as a Director in order to pursue other professional and personal interests as she relocates overseas with her family. She will remain as a Financial Consultant for the Company for a period of one year. READ MORE »
August 26, 2011
SACRE- COEUR MINERALS APPOINTS JENNIFER TODHUNTER AS VP FINANCIAL ADMINSTRATION
VANCOUVER, BC--(MARKET WIRE)-- August 26, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")is pleased to announce that Ms. Jennifer Todhunter has been appointed to serve as VP Financial Administration of the Company. Ms. Todhunter has been employed by the Company since May of 2005 in the capacity of Finance Manager. Ms. Todhunter has extensive accounting experience spanning facets of both private and public corporation. She has spent the last ten years working with public companies, predominantly those in the mining industry. READ MORE »
SACRE-COUER MINERALS GRANTS STOCK OPTIONS
VANCOUVER, BC--(MARKET WIRE)-- June 28, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")announces that is has granted incentive stock options, subject to any necessary regulatory approvals, to purchase up to an aggregate of 330,000 shares of its Common Stock. Said options were granted to executive officers and directors. The options are exercisable for a term of three years at a price of CAD $0.41 per share. These options were all issued to replace a portion of options which expired on June 30, 2011. READ MORE »
June 28, 2011
SACRE-COEUR MINERALS CLARIFIES PR ISSUED JUNE 27TH REGARDING NEW ALLUVIAL AREA
VANCOUVER, BC--(MARKET WIRE)-- June 28, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")today announced that notwithstanding the detailed discussion of methodology qualifying the data presented and notwithstanding the disclosure that the data presented was not a Resource under NI 43-101, the Company has been advised by IIROC that it is not permissible under NI 43-101 to present grade and quantity information even so qualified, unless in the context of a Resource estimate. The table of data presented in the PR issued on June 27, 2011, is hereby retracted and replaced with the table below. READ MORE »
SACRE-COEUR MINERALS CONTINUES TO DELINEATE ALLUVIAL GOLD MINERALIZATION AT MILLION MOUNTAIN; PRODUCTION FROM NEW ZONE TO COMMENCE IN JULY
VANCOUVER, BC--(MARKET WIRE)-- June 27, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")today announced that the Company's exploration team has identified a new area containing both alluvial and elluvial (concentrated by chemical weathering of host rock) gold near its Million Mountain operations center, located in North-central Guyana. The new area exhibits attractive gold grade, good continuity, and other favourable factors for alluvial mining which make it ideal for start-up of the Company’s new dredge system, expected to be commissioned in July. Though systematic testing of this area is still ongoing, a grid of 65 test pits on 30m x 60m spacing has yielded very encouraging results. A table of key statistics from this the program to date is presented below. READ MORE » June 6, 2011
SACRE-COEUR MINERALS ENGAGES B & D CAPITAL PARTNERS AS CORPORATE FINANCIAL ADVISOR
VANCOUVER, BC--(MARKET WIRE)-- June 6, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")is pleased to announce that B & D Capital Partners (“B & D”) of 951 – 409 Granville Street, Vancouver, BC has been engaged to provide financial advisory services to the Company for an initial term of one year, subject to earlier termination as provided in the consulting agreement. Among other things, it will assist in developing cost effective strategies for raising investor awareness of the Company and identifying prospective investors and assist with any future financing activities. READ MORE » March 21, 2011
DRILL TESTING TARGETS FOR EXPANSION OF MILLION MOUNTAIN ZONE 1 RESOURCE BODY BEGINS
VANCOUVER, BC--(MARKET WIRE)-- March 21, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")today announced that drilling of the targets identified by the geophysical surveys completed in the fall of 2010 over Zone 1 of its Million Mountain Project has begun. Zone 1 is located on the 20km Million Mountain Structural Trend within the Company’s Lower Puruni Block of concessions located in North-central Guyana. These highly focused targets indicate potential expansion areas to the preliminary Zone 1 NI 43-101 compliant resource estimate published in September 2008 containing 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). READ MORE » March 15, 2011
SACRE-COEUR MINERALS, LTD. CLOSES $2.575 MILLION PRIVATE PLACEMENT
VANCOUVER, BC--(MARKET WIRE)-- March 15, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")is pleased to announce the closing of its previously announced non-brokered private placement which has raised gross proceeds of CAD $2.575 Million. Under the terms of the private placement, the Company has issued 4,681,863 Units (the “Units”) at CAD $0.55 per Unit to a group of accredited private and institutional investors. READ MORE »
February 17, 2011
SACRE-COEUR MINERALS ANNOUNCES PRIVATE PLACEMENT
VANCOUVER, BC--(MARKET WIRE)-- February 17, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company") is pleased to announce a non-brokered private placement offering to raise gross proceeds of up to CAD $2.2 million. Under the terms of the private placement, the Company will offer for sale 4,000,000 Units (the “Units”) at CAD $0.55 per Unit. The Company may, in its discretion, increase the size of this offering by up to 20% to a maximum of 4,800,000 Units. READ MORE »
February 14, 2011
SACRE-COEUR MINERALS TO HOST CONFERENCE CALL
VANCOUVER, BC--(MARKET WIRE)-- February 14, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company") will hold a Conference Call for investors, analysts and institutions on Thursday, February 17, 2011 at 1:15 Pacific Time. The call will discuss the Company's business plan and steps it plans to take in the near future to ramp up development of the Company following termination of the proposed acquisition by affiliates of OAO Severstal. READ MORE »
February 11, 2011
SEVERSTAL TERMINATES ACQUISITION OF SACRE-COEUR MINERALS
VANCOUVER, BC--(MARKET WIRE)-- February 11, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")today announced that it has received a written notice of termination of the proposed acquisition of Sacre-Coeur by NORD GOLD N.V., formerly named SEVERSTAL GOLD N.V. (the “Purchaser”) and SEVERSTAL GOLD LLC (“Severstal Gold”), affiliates of OAO Severstal (LSE: SVST; RT: CHMF). Said notice was provided in accordance with paragraph 17 of the Agreement among the parties dated September 21, 2010, as amended (the “Agreement”). Closing of the transaction contemplated by the Agreement was subject to various conditions, including the successful completion of due diligence, court approval, securityholder approval and satisfaction of customary closing conditions. The Purchaser and Severstal Gold cited failure of due diligence to their satisfaction as the reason for termination. READ MORE »
February 1, 2011
SACRE-COEUR GRANTS SEVERSTAL TWO WEEK EXTENSION
VANCOUVER, BC--(MARKET WIRE)-- February 1, 2011 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")today announced that it has granted a two week extension for completion of due diligence regarding the proposed acquisition of Sacre-Coeur by NORD GOLD N.V., formerly named SEVERSTAL GOLD N.V. (the “Purchaser”) and SEVERSTAL GOLD LLC (“Severstal Gold”), affiliates of OAO Severstal (LSE: SVST; RT: CHMF), in accordance with the binding agreement (the “Agreement”) among the parties dated September 21, 2010, as referred to in their joint press release of September 22, 2010 (the “Transaction”). Due diligence is still proceeding, together with the preparation of the required documentation and other steps preparatory to closing the Transaction, which is subject to the successful completion of due diligence, court approval, securityholder approval and satisfaction of customary closing conditions. READ MORE »
December 17, 2010
SACRE-COEUR MINERALS EXTENDS STOCK OPTIONS
VANCOUVER, BC--(MARKET WIRE)-- December 17, 2010 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")announces that, in light of the transaction described in its September 22, 2010 news release (the “Transaction”) and extended as described in its December 8, 2010 news release, it has, subject to any required regulatory approval, further extended the expiry date of an aggregate of 840,000 options which were due to expire on December 31, 2010 to the date which is the earlier of June 30, 2011 and the date of the closing of the Transaction. All of the other terms and conditions of the option agreements remain unchanged. READ MORE »
December 8, 2010
UPDATE REGARDING ACQUISITION
VANCOUVER, BC--(MARKET WIRE)-- December 8, 2010 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company") is pleased to provide an update regarding the progress toward consummating the proposed acquisition of Sacre-Coeur by NORD GOLD N.V., formerly named SEVERSTAL GOLD N.V. (the “Purchaser”) and SEVERSTAL GOLD LLC (“Severstal Gold”), affiliates of OAO Severstal (LSE: SVST; RT: CHMF), in accordance with the binding agreement (the “Agreement”) among the parties dated September 21, 2010, as referred to in their joint press release of September 22, 2010 (the “Transaction”). Due diligence is still proceeding, together with the preparation of the required documentation and other steps preparatory to closing the Transaction, which is subject to the successful completion of due diligence, court approval, securityholder approval and satisfaction of customary closing conditions.
Pursuant to a December 8, 2010 amendment to the Agreement executed by the parties, the Purchaser and Severstal Gold have agreed to complete their due diligence review of Sacre-Coeur by January 31, 2011 and the parties have agreed to use their best efforts to complete the Transaction by April 1, 2011, which date may be extended to no later than May 31, 2011if the parties are prevented from closing the Transaction by reason of any court proceeding or in certain other circumstances. READ MORE »
November 3, 2010
UPDATE REGARDING ACQUISITION
VANCOUVER, BC--(MARKET WIRE)-- November 3, 2010 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company") is pleased to provide an update regarding the progress toward consummating the proposed acquisition of Sacre-Coeur by SEVERSTAL GOLD N.V. (the “Purchaser”) and SEVERSTAL GOLD LLC (“Severstal Gold”), affiliates of OAO Severstal (LSE: SVST; RT: CHMF), in accordance with the binding agreement among the parties dated September 21, 2010 as referred to in their joint press release of September 22, 2010 (the “Transaction”). Due diligence is still proceeding, together with the preparation of the required documentation and other steps preparatory to closing the Transaction, which is subject to the successful completion of due diligence, court approval, securityholder approval and satisfaction of customary closing conditions.READ MORE »
September 22, 2010
180 METER STEP OUT DRILLING TO SOUTH OF ZONE 1 AT SACRE-COEUR’S MILLION MOUNTAIN PROJECT ADDS MINERALIZATION: RESULTS INCLUDE 10.11 M @ 3.51 g/t Au
VANCOUVER, BC--(MARKET WIRE)-- September 22, 2010 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company") today announced further results from its drilling program aimed at expanding the Zone 1 hard-rock resource on its Million Mountain property located in Guyana. Drill hole MM18010 which was drilled 180 meters South of the main resource body returned 1.2 g/t Au over 29.91 meters beginning at a depth of six meters. A second zone of 23.2 meters grading 1.8 g/t Au, which includes 10.11 meter grading 3.51 g/t Au was intersected at a depth of 274.1 meters. Finally, a third zone grading 0.65 g/t Au over 28.26 meters was intersected at a depth of 384.84 meters and continued to the bottom of hole MM18010. Numerous narrow mineralized stringers ranging in width from 0.5 meters to over 3 meters and grading from 0.5 g/t Au to 1.81 g/t Au were encountered between the three main mineralized zones noted above.
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September 22, 2010
SACRE-COEUR MINERALS EXECUTES AGREEMENT FOR ITS ACQUISITION BY SEVERSTAL
VANCOUVER, BC--(MARKET WIRE)-- September 22, 2010 -- SACRE-COEUR MINERALS, LTD. (TSX VENTURE:SCM.V - News) (Frankfurt:S5N.F - News) (the "Company")as well as SEVERSTAL GOLD N.V. (the “Purchaser”) and SEVERSTAL GOLD LLC (“Severstal Gold”), affiliates of OAO Severstal (LSE: SVST; RT: CHMF), are pleased to announce that they have entered into a binding agreement (the “Agreement”) for the Purchaser to purchase all of the outstanding common shares of Sacre-Coeur not currently owned by the Purchaser and its affiliates for cash consideration of CAD$1.60 per share and for the Purchaser to also purchase for cash all of the outstanding warrants and all of the outstanding options (vested and not yet vested) of Sacre-Coeur for a cash payment equal to the difference between CAD$1.60 and the exercise price of the respective warrant or option (the “Transaction”). The purchase price represents an 88% premium over Sacre-Coeur’s average closing price for the 20 trading days on the TSX Venture Exchange preceding Sacre-Coeur’s related press release of September 8, 2010. The Purchaser has represented that the cash consideration payable to securityholders of Sacre-Coeur is in place and accordingly there is no financing condition to closing of the Transaction. The Board of Directors of Sacre-Coeur has approved the Transaction. Union Securities Ltd. has agreed to furnish a fairness opinion in connection with the Transaction.
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