
Core Drilling to the West Confirms Extension of Zone at Million Mountain; Long Intervals Include 108.55 M @ 2.04 G/T AU
January 10, 2006
VANCOUVER, B.C. – SACRE-COEUR MINERALS, LTD. (the "Company") today announced that it has received assays from Loring Laboratories Inc. of Georgetown Guyana for twelve additional drill holes drilled into a new zone located 250 meters West of its initial discovery holes (MM01-05 & MM02-05 reported previously). These new holes encountered long intervals of moderate grade punctuated by several high grade shoots.
Notable results include: Drill hole MM41-06 which contained 108.85 meters @ 2.04 g/t Au, including 8.5 meters @ 12.61 g/t Au; drill hole MM29-06 which contained 139.30 meters @ 1.02 g/t, including 7.1 meters @ 6.42 g/t Au; drill hole MM39-06 which contained 7.9 meters @ 9.63 g/t Au; and drill hole MM36-06 which contained 111.90 meters @ 1.07 g/t Au.
TABLE OF SELECTED DRILL RESULTS
Drill Hole |
From (m) |
To (m) |
Interval (m) |
Assay (g/t Au) |
MM29-06 |
18.7 |
158.0 |
139.3 |
1.02 |
including |
19.7 |
26.8 |
7.1 |
6.42 |
including |
65.0 |
68.0 |
3.0 |
4.83 |
MM30-06 |
0.0 |
84.8 |
84.8 |
0.79 |
MM33-06 |
0.0 |
98.6 |
98.6 |
0.54 |
MM34A-06 |
0.0 |
27.8 |
27.8 |
0.97 |
MM35-06 |
9.8 |
101.1 |
91.3 |
1.08 |
including |
62.1 |
69.9 |
7.8 |
3.2 |
MM36-06 |
20.0 |
131.9 |
111.9 |
1.07 |
including |
20.0 |
37.0 |
17.0 |
3.85 |
MM37-06 |
0.0 42.9 |
23.0 71.5 |
23.0 28.6 |
1.05 1.56 |
MM38-06 |
0.0 |
122.0 |
122.0 |
0.62 |
MM39-06 |
48.9 |
62.55 |
13.65 |
6.13 |
including |
50.2 |
58.1 |
7.9 |
9.63 |
MM40-06 |
31.9 |
134.65 |
102.75 |
1.02 |
MM41-06 |
46.75 |
155.6 |
108.85 |
2.04 |
including |
50.5 |
66.5 |
16.0 |
9.02 |
including |
58.0 |
66.5 |
8.5 |
12.61 |
MM42-06 |
56.6 |
140.2 |
83.6 |
1.75 |
including |
57.2 |
67.2 |
10.0 |
7.68 |
Notes: 1) Assays for upper portions of MM39-06, MM40-06, MM41-06, & MM42-06 are pending, though are not expected to contain significant value, as the intervals are in the barren thrust plate. 2) Intercepts are not resolved to true width. 3) Assays are uncut, though no significant statistical outliers occur in the sample population.
Drill Hole Survey Data
Drill Hole |
UTM Grid No. |
East (m) |
North (m) |
Collar Elev. (m) |
Azimuth (true N) |
Inclination |
MM29-06 |
21N |
241,000.36 |
697,099.72 |
69.01 |
106º |
-45º |
MM30-06 |
21N |
241,000.36 |
697,099.72 |
69.01 |
106º |
-60º |
MM33-06 |
21N |
241,058.26 |
697,084.69 |
66.55 |
106º |
-45º |
MM34A-06 |
21N |
241,058.26 |
697,084.69 |
66.55 |
106º |
-60º |
MM35-06 |
21N |
240,941.20 |
697,115.62 |
94.18 |
106º |
-45º |
MM36-06 |
21N |
240,941.20 |
697,115.62 |
94.18 |
106º |
-60º |
MM37-06 |
21N |
240,918.79 |
697,083.40 |
87.70 |
106º |
-45º |
MM38-06 |
21N |
240,918.79 |
697,083.40 |
87.70 |
106º |
-60º |
MM39-06 |
21N |
240,870.25 |
697,084.57 |
84.81 |
106º |
-45º |
MM40-06 |
21N |
240,870.25 |
697,084.57 |
84.81 |
106º |
-60º |
MM41-06 |
21N |
240,815.29 |
697,101.93 |
91.74 |
106º |
-45º |
MM42-06 |
21N |
240,815.29 |
697,101.93 |
91.74 |
106º |
-60° |
These drill results confirm the extension at depth of the high grade mineralization found in trenches to the West of the initial discovery holes, which was reported in the Company’s press release in October 2006. Drilling and trenching to date indicate robust disseminated gold mineralization with numerous high grade shoots related to dilational features contained within the host body continuously from the initial high grade discovery holes for a distance of at least 250 meters to the West and North. Step out drilling to the North and West is continuing. Similarly, as reported in the Company’s press release of December 18, 2006, trench results suggest continuity to the South and East for at least a distance of 325 meters from the discovery holes. Step out drilling in this direction is also planned in the coming weeks.
According to Irwin Olian, CEO of the Company, "It is gratifying to see our drilling program confirm long intervals of gold-bearing mineralization following our trenching program to the West of the main zone at Million Mountain. This 250 meter step-out certainly gives further encouragement to the expansive character of the near-surface deposit. We are also excited by prospects for expanding the zone to the South and East as suggested by sampling and trenching in those directions. We look forward to Infill drilling along with drilling designed to further expand the perimeter of the zone in all directions."
Assay Data
The Company uses preliminary results from Loring Laboratories – Guyana, a subsidiary of Loring Laboratories, Ltd. of Calgary Alberta qualitatively 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. Final assays determined by ALS Chemex, will only be reported if they differ significantly from the preliminary results determined by Loring.
Drilling
Drilling reported herein was completed utilizing the Company’s new Atlas Copco CS 14 core drill operated by Company employees. All holes were continuously cored utilizing HQ equipment through the saprolite and then reduced to NQ for coring un-weathered rock. Core recovery in saprolite has remained in excess of 90%, and approaches 100% in un-weathered rock.
Technical Staff
The Company’s exploration program is overseen by Gregory B. Sparks, P. Eng., Senior Vice President Mining and Exploration for the Company, along with the project geologic staff including Jack King, Senior Project Geologist, Alan Davies, P. Eng., Senior Project Geologist, Joseph Calpito, Senior Project Geologist and Thomas Clarke, Project Geologist, with assistance from Dr. Hendrikus Aarden, P. Geo, Senior Geologic Consultant. Mr. Sparks, Mr. Davies 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
Lee Dunston, Corporate Communications – Canada
Email: lee@scminerals.com
Phone: 604-899-0100
Fax: 604-899-0200
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