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Market: TSX
Sector: Gold Mining
Epic: SCM
News: Latest news
Web Site: Sacre-Coeur Minerals
Other Articles: 15-01-201006-01-201021-10-2009

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Tuesday March 16, 12:29Mercator Gold to sell exclusive Copper Flat option to Canada's THEMAC Resources

The deal will allow the group to retain a substantial interest in the promising Mexican copper-gold-molybdenum-silver project without the associated costs.

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Tuesday March 16, 11:50Gulf Resources: a burgeoning industrial minerals force in Africa

A new force in industrial minerals is taking shape in Africa, following on from Gulf's acquisition of world class vermiculite assets from Rio Tinto International in 2009.  

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Sacre-Coeur Minerals

Sacre-Coeur Minerals

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 850 square miles of mineral properties in Guyana, including the Million Mountain project in north-central Guyana consisting of 21 permits covering some 21,768 acres in the Mazaruni Mining District. The Company has offices in Vancouver, Canada and Georgetown, Guyana.

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Monday, January 19, 2009

Sacre-Coeur’s Northwest gold project in Guyana indicates potential for alluvial mining

by Andre Lamberti company news image

Sacre-Coeur Minerals Ltd said it has completed a shallow prospect core drilling program on its Northwest gold project in Guyana, South America, showing that previous trenching results and the latest data combine to make Northwest a potentially attractive target for alluvial mining.


Trench results of up to 12.0 meters reported in February 2008 showed grading of 7.90 grams per ton of gold, and the recent shallow epithermal vein drilling intercepted up to 2.31 meters at 6.6 g/t Au.


Historic artisanal mining in the project area has also generated a significant tonnage of tailings often grading above 2 g/cubic meter Au, the group said.  In aggregate, the gold-bearing mineralization and tailings covers a surface area measuring approximately 800 meters by 200 meters in the 19 Mile prospect, with a number of additional untested zones in future drill plans.


This and other similar deposits held by the company may lend themselves to rapid, low cost development and generate cash flow for the company to supplement its working capital during this current period of relatively strong gold prices but weak equity market conditions.


Sacre-Coeur is currently evaluating engineering, metallurgical, environmental, economic and other considerations related to exploitation of the alluvial targets and will make a decision concerning bulk sampling associated with test mining in the coming months.


Chief executive Irwin Olian said: “While the Million Mountain Project remains our top priority for long-term development and exploitation, with core drilling now ongoing  in Zones 2 and 3, the newly identified alluvial gold targets in the Northwest Project area provide a potential opportunity for near-term cash flow for the Company at relatively low cost.”

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