Drilling Continuing on Three Hard-Rock Target Zones at Sacre-Coeurs Million Mountain Gold Projectadmin
SACRE-COEUR MINERALS, LTD. announced that the second phase of core drilling is now underway on target Zone 9 situated on the 20km Million Mountain trend occurring on the Company’s Lower Puruni block of properties in Guyana, South America. As previously announced in a Press Release dated July 31, 2009, phase I drilling intersected several mineralized zones containing gold mineralization up to 4.0 g/t Au over 13.6 meters apparent width, which included 0.55 meters containing 84.26 g/t Au.
The second phase of drilling on Zone 9 is aimed at adding strike length to the known mineralized zones and at examining a major structural intersection believed by the Company’s exploration team to be highly prospective for significant near-surface gold mineralization. The Phase II program for Zone 9 includes up to ten additional holes aggregating up to 2500 m.
Ongoing work in other areas along the 20km Million Mountain trend has revealed a substantial geochemical anomaly located South and West of the original Million Mountain Zone 1. This area also exhibits structural complexity consistent with potentially favorable conditions to host gold mineralization. Immediately following completion of Phase II drilling at Zone 9, drilling of this possible extension of Zone 1 will begin. The initial scout drilling program in this area will consist of up to five holes drilled to approximately 200 meters to test near surface potential of this prospective extension of Million Mountain Zone 1. That zone hosts a preliminary NI 43-101 compliant resource of 451,000 tr oz Au consisting of 12,119,285 tonnes grading 1.0 g/t Au Measured and of 2,175,278 tons grading 0.9 g/t Au Indicated, containing 388,456 tr oz Au Measured and 62,941 tr oz Au Indicated.
Since completion of Phase I drilling on Million Mountain Zone 2, also announced in the Company’s Press Release of July 31, 2009, the exploration team has been conducting further surface work and analysis of Phase I drilling to develop and refine targets for Phase II drilling on this zone. This work has resulted in development of several relatively shallow, structurally controlled targets to be tested as well as the deep seated, large scale mesothermal target suggested by initial drilling on the zone. Following completion of initial scout drilling on the potential extension to Zone 1, the drilling will commence on these additional Zone 2 targets.
The strategy of rotating the drilling programs in advancing phases among these closely spaced target areas situated along the Million Mountain trend is planned to continue through year end 2009 with a focus on identifying and prioritizing the zones for the next phase of resource development drilling.
According to Irwin Olian, CEO of the Company, “ We are continuing with our exploration of hard-rock targets at Million Mountain at the same time as we are proceeding to implement our test mining program for alluvial gold deposits in the region. It is a time of great opportunity for Sacre-Coeur and we are striving to add shareholder value through both programs.”