
SACRE-COEUR READIES FOR TEST MINING RICH ALLUVIAL ZONE AT MILLION MOUNTAIN; PRELIMINARY TESTING SUGGESTS SIGNIFICANT GRAVITY RECOVERABLE GOLD; MINING LICENSE GRANTED
June 29 , 2009
VANCOUVER, B.C. – SACRE-COEUR MINERALS, LTD. (the "Company") today announced that in addition to its ongoing exploration for hard rock mineral resources on its Million Mountain Project and other property holdings in Guyana, it has begun assessing alluvial gold potential on its properties as well. To date the Company’s exploration team has identified nine zones on the Puruni River Paleo-channel which it believes are highly prospective. A systematic program of test pitting and gravity beneficiation of the samples collected has recently been completed for Alluvial Zone 2. A total of 83 test pits were excavated, spaced nominally 100m apart along grid lines located approximately 160m apart. A compilation of the results demonstrates a gold bearing alluvial sand and gravel resource target measuring approximately 1.66 km by 0.80 km.
The measured thickness of the sampled auriferous sand and gravel zone ranges from 0.8 meters to greater than 5.0 meters, with an arithmetic mean of 2.5 meters thick. At these dimensions the resource target volume in the sampled zone is estimated to range from 2.5 to 4.0 million cubic meters of auriferous alluvial material with preliminary sampling suggesting a grade in the range of 2.0 to 9.0 grams Au/cubic meter. The mineralized horizon is overlain by sandy clay averaging 2 meters thick for an overall stripping ratio of 0.8 overburden : 1 alluvial zone.
The average gold particle count per 10 kilo sample recovered by gravity concentration was 71.2 particles less than 0.5mm in diameter, and 19.7 particles greater than 0.5 mm in the alluvial zone. A table of the test pit results is presented overleaf. While no site specific data is yet available for the fineness of the recovered gold from the sampling program on Alluvial Zone 2, alluvial gold produced from this immediate area has historically measured approximately 930 fine gold. The potential quantity and grade suggested by this sampling program are conceptual in nature. Insufficient work has been completed to qualify as a Mineral Resource. It is uncertain whether further exploration and test mining will confirm the results presented herein.
Test pits were excavated on a systematic grid through the overburden and the sand/gravel zone to underlying in situ material. A ten kilogram, vertical channel sample was then collected from the bottom of the zone to the top in each test pit. Each sample was then carefully panned to collect the gravity recoverable gold. The gold particles collected for the sample were then counted and characterized. The concentrates from all 10 kilo pit samples in a sample line were then combined and re-panned. Finally, the recovered gold concentrate from all sample lines was combined and weighed on a precision balance. The weight of the total recovered gold concentrate was 4.23 grams from the 830 kilos of total sample weight. The Company believes that this procedure produces a good preliminary simulation of potentially recoverable gold by simple gravity means.
In order to test the economic viability of recovering alluvial gold from Alluvial Zone 2 initially, and other zones subsequently, the Company is constructing a simple gravity processing plant designed to treat 1000 cubic meters per day. Test mining and processing is expected to begin this Summer, as soon as all imported equipment is received and assembled. Permitting for the project is complete. The Company has been issued a Mining License and full approval to commence production. If the system proves to be successful as expected, the Company’s strategy will be to expand its alluvial production program, and pursue it concurrently with its on-going hard-rock mineral exploration program. The alluvial program will require little infrastructure development, as all infrastructure will be shared with the exploration program which is ongoing on the Million Mountain block of properties.
Table of Test Pit Locations and Results – Million Mountain Alluvial Zone 2
Pit No. |
UTM Grid |
Easting |
Northing |
Alluvial Thickness (meters) |
Au Particle Count Recovered by Panning per 10 kg sample |
||
< 0.5mm |
>0.5mm |
Total Particles Au |
|||||
MP-PT001 |
21N |
242216 |
698560 |
0.8 |
8 |
6 |
14 |
MP-PT002 |
21N |
242270 |
698542 |
1.5 |
73 |
68 |
141 |
MP-PT003 |
21N |
242349 |
698526 |
0.9 |
17 |
25 |
42 |
MP-PT004 |
21N |
242446 |
698529 |
2.0 |
205 |
20 |
225 |
MP-PT005 |
21N |
242517 |
698517 |
2.3 |
56 |
10 |
66 |
MP-PT006 |
21N |
242610 |
698519 |
2.3 |
55 |
114 |
169 |
MP-PT007 |
21N |
242716 |
698543 |
2.6 |
37 |
0 |
37 |
MP-PT008 |
21N |
241726 |
698554 |
1.1 |
130 |
17 |
147 |
MP-PT009 |
21N |
241790 |
698563 |
1.3 |
60 |
37 |
97 |
MP-PT010 |
21N |
241862 |
698550 |
1.5 |
5 |
8 |
13 |
MP-PT011 |
21N |
241902 |
698516 |
1.9 |
30 |
13 |
43 |
MP-PT012 |
21N |
241974 |
698524 |
2.3 |
45 |
15 |
60 |
MP-PT013 |
21N |
242064 |
698523 |
1.1 |
6 |
5 |
11 |
MP-PT014 |
21N |
242185 |
698557 |
1.1 |
59 |
7 |
66 |
MP-PT015 |
21N |
242813 |
698568 |
2.3 |
19 |
45 |
64 |
MP-PT016 |
21N |
241005 |
698742 |
0.8 |
280 |
0 |
280 |
MP-PT017 |
21N |
241053 |
698775 |
2.9 |
90 |
14 |
104 |
MP-PT018 |
21N |
241122 |
698774 |
1.3 |
5 |
0 |
5 |
MP-PT019 |
21N |
241204 |
698777 |
3.5 |
22 |
14 |
36 |
MP-PT020 |
21N |
241283 |
698721 |
2.0 |
27 |
0 |
27 |
MP-PT021 |
21N |
241475 |
698612 |
3.4 |
23 |
0 |
23 |
MP-PT022 |
21N |
241517 |
698595 |
5.8 |
46 |
12 |
58 |
MP-PT023 |
21N |
241586 |
698574 |
3.6 |
9 |
2 |
11 |
MP-PT024 |
21N |
242540 |
698425 |
3.1 |
76 |
48 |
124 |
MP-PT025 |
21N |
242461 |
698435 |
2.9 |
25 |
1 |
26 |
MP-PT026 |
21N |
242358 |
698431 |
3.1 |
45 |
60 |
105 |
MP-PT027 |
21N |
242285 |
698439 |
1.5 |
55 |
17 |
72 |
MP-PT028 |
21N |
242216 |
698443 |
3.8 |
52 |
20 |
72 |
MP-PT029 |
21N |
242177 |
698431 |
2.3 |
146 |
60 |
206 |
MP-PT030 |
21N |
242081 |
698411 |
2.9 |
90 |
3 |
93 |
MP-PT031 |
21N |
242026 |
698409 |
2.3 |
121 |
25 |
146 |
MP-PT032 |
21N |
240900 |
698408 |
3.5 |
160 |
23 |
183 |
MP-PT033 |
21N |
240739 |
698411 |
3.4 |
215 |
75 |
290 |
MP-PT034 |
21N |
240673 |
698395 |
3.8 |
92 |
26 |
118 |
MP-PT035 |
21N |
241944 |
698400 |
2.3 |
20 |
1 |
21 |
MP-PT036 |
21N |
241827 |
698420 |
1.5 |
88 |
20 |
108 |
MP-PT037 |
21N |
241699 |
698418 |
2.1 |
405 |
120 |
525 |
MP-PT038 |
21N |
241669 |
698407 |
3.1 |
26 |
5 |
31 |
MP-PT039 |
21N |
241589 |
698408 |
2.0 |
160 |
70 |
230 |
MP-PT040 |
21N |
241481 |
698397 |
2.6 |
72 |
5 |
77 |
MP-PT041 |
21N |
241386 |
698396 |
2.2 |
65 |
10 |
75 |
MP-PT042 |
21N |
241276 |
698383 |
3.6 |
60 |
83 |
143 |
MP-PT043 |
21N |
241112 |
698383 |
3.9 |
99 |
0 |
99 |
MP-PT044 |
21N |
241006 |
698392 |
3.7 |
104 |
20 |
124 |
MP-PT045 |
21N |
240888 |
698412 |
1.8 |
147 |
0 |
147 |
MP-PT046 |
21N |
240802 |
698421 |
3.9 |
82 |
0 |
82 |
MP-PT047 |
21N |
240598 |
698236 |
3.6 |
31 |
0 |
31 |
MP-PT048 |
21N |
241916 |
697992 |
2.6 |
94 |
11 |
105 |
MP-PT049 |
21N |
241815 |
698005 |
2.3 |
60 |
47 |
107 |
MP-PT050 |
21N |
241706 |
698007 |
0.8 |
5 |
0 |
5 |
MP-PT051 |
21N |
241588 |
697998 |
0.8 |
81 |
0 |
81 |
MP-PT052 |
21N |
241492 |
698003 |
0.8 |
16 |
0 |
16 |
MP-PT053 |
21N |
241412 |
697987 |
3.9 |
224 |
30 |
254 |
MP-PT054 |
21N |
241204 |
697960 |
0.6 |
9 |
2 |
11 |
MP-PT055 |
21N |
241073 |
697954 |
0.9 |
141 |
0 |
141 |
MP-PT056 |
21N |
240948 |
697965 |
2.4 |
3 |
2 |
5 |
MP-PT057 |
21N |
240878 |
697969 |
5.0 |
94 |
46 |
140 |
MP-PT058 |
21N |
240756 |
697984 |
2.8 |
32 |
6 |
38 |
MP-PT059 |
21N |
240644 |
698012 |
1.8 |
35 |
0 |
35 |
MP-PT060 |
21N |
240607 |
698105 |
1.3 |
43 |
0 |
43 |
MP-PT061 |
21N |
240532 |
698194 |
2.1 |
18 |
0 |
18 |
MP-PT062 |
21N |
240648 |
698186 |
4.5 |
46 |
7 |
53 |
MP-PT063 |
21N |
240752 |
698159 |
2.8 |
79 |
25 |
104 |
MP-PT064 |
21N |
240869 |
698144 |
3.0 |
86 |
16 |
102 |
MP-PT065 |
21N |
240934 |
698147 |
1.8 |
16 |
2 |
18 |
MP-PT066 |
21N |
241065 |
698176 |
3.1 |
34 |
20 |
54 |
MP-PT067 |
21N |
241169 |
698206 |
3.1 |
53 |
5 |
58 |
MP-PT068 |
21N |
241304 |
698204 |
2.5 |
82 |
35 |
117 |
MP-PT069 |
21N |
241417 |
698198 |
2.1 |
10 |
0 |
10 |
MP-PT070 |
21N |
241513 |
698204 |
1.5 |
40 |
55 |
95 |
MP-PT071 |
21N |
241615 |
698195 |
2.8 |
190 |
37 |
227 |
MP-PT072 |
21N |
241706 |
698174 |
2.8 |
22 |
0 |
22 |
MP-PT073 |
21N |
241800 |
698199 |
1.2 |
68 |
28 |
96 |
MP-PT074 |
21N |
241886 |
698172 |
0.9 |
100 |
56 |
156 |
MP-PT075 |
21N |
240213 |
697763 |
1.3 |
148 |
23 |
171 |
MP-PT076 |
21N |
240495 |
697774 |
3.6 |
21 |
0 |
21 |
MP-PT077 |
21N |
240617 |
697788 |
4.1 |
79 |
25 |
104 |
MP-PT078 |
21N |
240738 |
697805 |
4.8 |
6 |
0 |
6 |
MP-PT079 |
21N |
240939 |
697796 |
1.0 |
82 |
0 |
82 |
MP-PT080 |
21N |
241039 |
697815 |
2.7 |
61 |
0 |
61 |
MP-PT081 |
21N |
241133 |
697812 |
4.6 |
21 |
15 |
36 |
MP-PT082 |
21N |
241234 |
697825 |
3.6 |
42 |
2 |
44 |
MP-PT083 |
21N |
241319 |
697835 |
2.0 |
29 |
12 |
41 |
|
Arithmetic Mean |
2.5 |
71.2 |
19.7 |
90.89 |
||
According to Irwin Olian, CEO of the Company, “ We are excited by the prospects for test mining the rich alluvial targets which have been discovered at Million Mountain. The extensive surface area covered by these targets, together with the recovered sample grades seen in testing to date, indicate the potential for generating substantial cash flow from these operations, creating shareholder value and moving the company toward financial independence if further exploration and test mining confirm these preliminary results. At the same time, we remain focused on continuing our exploration program for hard-rock potential along the 10 km trend at Million Mountain in order to add to our resource base already established at Zone 1 .”
Guyana has long been a prolific alluvial gold producer. Until now, most of this production has come from artisanal miners employing no formal exploration and only crude gravity recovery processes. According to Mr. Tony Shields, Executive Director of the Guyana Gold and Diamond Miners Association, the Guyana Gold Board has recorded official production of 78,000 tr oz of gold for the period January through April, 2009 [as reported by Stabroek News, June 7, 2009 issue]. This entire quantity was produced by small scale alluvial operations, most of which produce at the rate of just a few hundred cubic meters per day, and enjoy gold recoveries of less than 50% of contained gold. The Company seeks to emulate this successful model by employing standard exploration practices and well proven process technology to exploit the alluvial potential on its property holdings concurrently with its ongoing hard-rock exploration program.
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 < 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:
: 705-888-2756
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
Scott Young, Investor Relations – Canada
Phone: (604) 888-2756
Fax: (604) 899-0200
Email: scott@scminerals.com