
High Grade Shear Zone Extended at Million Mountain – New Assays Include 19.6 M @ 5.8 g/t AU
June 9, 2006
VANCOUVER, British Columbia – SACRE-COEUR MINERALS, LTD. (the “Company”) today announced that it has received preliminary assays from Loring Laboratories Inc. of Georgetown, Guyana for ten additional drill holes targeting extensions to the high grade shear zone intersected by previously reported drill holes MM01-05 and 02-05. The shear zone intercept in drill hole MM01-06, drilled 20 meters to the Southeast along strike from the MM01-05/02-05 collar, contains 17.3 meters grading 4.2 g/t Au. The shear zone intercept in drill hole MM08-06, drilled 20 meters to the Northwest along strike from the MM01-05/02-05 collar, contains 19.6 meters grading 5.8 g/t Au, and in drill hole MM12-06, drilled 40 meters to the Northwest along strike from the MM01-05/02-05 collar, contains is 12.7 meters grading 3.4 g/t Au.
The current drilling program is focused on testing the extent of a high grade Northwest-trending shear zone discovered originally by trenching and subsequently intercepted at depth by previously reported drill holes MM01-05 & MM02-05. To develop a better understanding of the structure, the Company has drilled fans of holes at -45 degrees and -60 degrees from drill pads situated on the hanging wall side of the structure, evenly spaced at 20 meters along a line oriented at 294 degrees true (parallel with the estimated strike of the structure). This release reports the results of two fans to the Northwest and two fans to the Southeast along strike from the initial discovery holes, and two holes drilled off-trend approximately 150 meters to the Southeast to test for the presence of suspected off-setting structures for a total of ten additional drill holes.
TABLE OF SELECTED DRILL RESULTS
Drill Hole |
From (m) |
To (m) |
Interval (m) |
Assay (g/t Au) |
MM08-06 |
45.0 |
64.6 |
19.6 |
5.8 |
MM07-06 |
31.5 |
41.6 |
10.1 |
4.5 |
MM11-06 |
50.8 |
59.2 |
8.4 |
4.2 |
MM12-06 |
74.3 |
84.8 |
10.5 |
3.7 |
MM01-06 |
19.0 |
36.3 |
17.3 |
4.2 |
According to Irwin Olian, CEO of the Company, “It is rewarding to see the continuity of the shear zone persist as we continue to advance the geologic model for the Million Mountain Property. We look forward to further delineation of the high grade shear zone as well as commencement of drilling on the stockwork zone to the West. We are focused on development of a low cost, surface-minable resource at the earliest possible date, and are guided by the principles of best professional practice in achieving this goal. These include such things as ensuring that our drilling is oriented to achieve optimum core angles with the intended target in order to produce reliable estimates of the true width of mineralized zones. Furthermore, our hole spacing is designed to ensure that our data density is sufficient to provide continuity and reliability of our data to facilitate valid resource estimates.”
Drill Hole Fan Including MM07-06 & MM08-06
This fan, including MM07-06 drilled at -45 degrees and MM08-06 drilled at -60 degrees, is located 20 meters to the Northwest of the discovery holes (see table below for survey data). The shear zone was intercepted in each hole as indicated in the table above. Both holes encountered continuous mineralization through the shear zone, with numerous vein intercepts in granitic breccia below the shear zone which is consistent with the quartz vein stockwork system known to exist to the West of the shear zone.
Drill Hole Fan Including MM11-06 & MM12-06
This fan, including MM11-06 drilled at -45 degrees and MM12-06 drilled at -60 degrees, is located 40 meters to the Northwest of the discovery holes (see table below for survey data). Each hole encountered the shear zone as indicated in the table above. Both holes encountered numerous quartz vein intercepts in stockworks West of the shear zone.
Drill Hole Fan Including MM01-06 & MM02-06
This fan, including MM01-06 drilled at -45 degrees and MM02-06 drilled at -60 degrees, is located 20 meters to the Southeast of the discovery holes (see table below for survey data). Though hole MM01-06 intercepted the shear zone as indicated in the table above, hole MM02-06 drilled from the same pad at -60 degrees, encountered only stock work veining without intercepting the shear zone. Information obtained from subsequent shear zone intercepts to the Northwest of the discovery holes has now shown that the strike is more East-West than initially thought, and as a consequence, the collar location for this fan of holes was located too far South and West to effectively test the entire shear zone. It appears that hole MM01-06 may have intersected only a small portion of the footwall side of the shear zone. Hole MM02-06 encountered a large wedge of barren kaolinite thrust into place along the Million Mountain Break which locally displaced the shear zone away from this drill hole. Subsequent holes are planned to test the shear zone further to the East and below the slab of kaolinite.
Drill Hole Fan Including MM03-06 & MM04-06
The fan, including MM03-06 drilled at -45 degrees and MM04-06 drilled at -60 degrees, is located 40 meters to the Southeast of the discovery holes (see table below for survey data). Both holes encountered only stockwork veining to the West of the shear zone. These holes are collared well to the South and West of the currently known strike of the shear zone. Planned holes positioned further to the East should test the shear zone.
Drill Hole Fan Including MM05-06 & MM06-06
Drill holes MM05& MM06-06, located approximately 150 meters further to the East-southeast and angled at -45 degrees and -60 degrees respectively, were drilled to test for the presence of a postulated off-setting fault. Neither hole returned significant results and no fault was encountered.
Stockwork Veining
All holes except MM05 & MM06-06 encountered significant gold-bearing quartz-stockwork veining to the West of the shear zone. These intercepts were not reported because the orientation of the drill holes appropriate for testing the shear zone is sub parallel with the orientation of the dominant vein set in the stockwork zone. A separate drilling program with orientation optimized to accurately test the stockwork vein system is planned as a part of this phase of drilling.
DRILL HOLE SURVEY DATA
Drill Hole |
UTM Grid No. |
East (m) |
North (m) |
Collar Elev. (m) |
Azimuth (true N) |
Inclination |
MM01-06 |
21N |
241,061.79 |
697,125.94 |
63.40 |
202º |
-45º |
MM02-06 |
21N |
241,061.79 |
697,125.94 |
63.40 |
202º |
-60º |
MM03-06 |
21N |
241,080.71 |
697,116.66 |
57.68 |
202º |
-45º |
MM04-06 |
21N |
241,080.71 |
697,116.66 |
57.68 |
202º |
-60º |
MM05-06 |
21N |
241,237.97 |
697,108.77 |
55.11 |
202º |
-45º |
MM06-06 |
21N |
241,237.97 |
697,108.77 |
55.11 |
202º |
-60º |
MM07-06 |
21N |
241,025.05 |
697,140.91 |
68.32 |
202º |
-45º |
MM08-06 |
21N |
241,025.05 |
697,140.91 |
68.32 |
202º |
-60º |
MM11-06 |
21N |
241,005.70 |
697,149.25 |
75.67 |
202º |
-45º |
MM12-06 |
21N |
241,005.70 |
697,149.25 |
75.67 |
202º |
-60º |
Assay Data
The Company uses preliminary results from Loring Laboratories – Guyana, a subsidiary of Loring Laboratories, Ltd. of Calgary Alberta, to help guide its ongoing drilling program because of expedient availability of data, but relies on ALS Chemex for final results as Chemex is an ISO certified facility. The results presented herein are produced by Loring. These results are inclusive of the assay of the coarse metallic fraction composited with the assay for the -200 mesh pulp to produce a total contained gold assay. The results reported herein are produced by Loring Laboratories – Guyana, and are therefore considered preliminary. When available, assays determined by ALS Chemex will be reported and considered final.
Drilling
Drilling reported herein was completed utilizing the Company’s new Atlas Copco CS 14 core drill operated by Company employees, as well as by Kanuku Explorations, Inc., a subsidiary of Fry International. All holes were continuously cored utilizing HQ equipment through the saprolite and then reduced to NQ for coring un-oxidized rock (typically highly altered granite breccia with pyrite and arsenopyrite). Core recovery in saprolite has remained in excess of 90%, and approaches 100% in un-oxidized rock.
The Company’s exploration program is overseen by Gregory B. Sparks, P. Eng., Senior Vice President Mining and Exploration for the Company, along with Dr. Hendrikus Aarden, P. Geo, Chief Geologist – Million Mountain Project, with assistance from Timothy Sadler, P. Eng., Chief Engineer, and Thomas Clarke, Geologist. Mr. Sparks, Mr. Sadler, and Dr. Aarden are all Qualified Persons under NI 43-101. Mr. Ardito Martohardjono, a Director of the Company and laboratory specialist, has provided 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, 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
Scott Young, Corporate Communications – Canada
Email: scott@scminerals.com
Phone: 604-899-0100
Fax: 604-899-0200
Marlies Studer, Corporate Communications – Europe
Email: marlies@scminerals.com
Phone: +41-44-215-2803
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.
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Investor relations contacts
Lee Dunston, Corporate Communications – Canada
Phone: (604) 899-0100
Fax: (604) 899-0200
Email: lee@scminerals.com
Marlies Studer, Corporate Communications - Europe
Phone: +41-44-215-2803
Email: marlies@scminerals.com