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Market: TSX
Sector: Gold Mining
Epic: SCM
News: Latest news
Web Site: Sacre-Coeur Minerals
Other Articles: 02-07-201016-06-201004-06-2010

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Sacre-Coeur Minerals

Sacre-Coeur Minerals

Sacre-Coeur Minerals, Ltd. 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.

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Monday, June 29, 2009

Sacre-Coeur Minerals identifies nine potential alluvial gold prospects

by Ian Mclelland company news image

Sacre-Coeur Minerals (TSXV: SCM) expanded the scope of its exploration program at the Million Mountain Project in Guyana today, announcing that it was now assessing nine alluvial gold zones within the Puruni River Paleo-channel. 

The junior exploration company confirmed that it had already completed 83 test pits spaced approximately 100 meters apart along grid lines located 160 meters from each other. The results showed that a gold bearing alluvial sand and gravel resource target stretched 1.66 kilometres by 0.80 kilometres.

“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,” Sacre-Coeur noted.  “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 to 9 grams of gold] per cubic meter.”

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, the company added.

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.”

To further test to potential of Alluvial Zone 2, Sacre-Coeur is now building a “simple” gravity processing plant which will be able to treat 1000 cubic meters per day.  Test mining is expected to begin this summer.  A mining licence to commence production has already been issued.

“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.”

Irwin Olian, CEO of the Sacre-Coeur said the company was excited by the alluvial gold potential at Million Mountain: "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."

 

 

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