Sacre-Coeur Minerals drills 10.11m at 3.51g/t gold at Million Mountain in Guyana, expands mineralization

Fresh from announcing it is being bought by Russia's largest steel producer Severstal, Sacre-Coeur Minerals has released further results from its drilling program on its Million Mountain property located in Guyana, including intersections of 10.11m at 3.51g/t gold.

The drill program, which began early this year and is aimed at expanding the Zone 1 hard-rock resource on the Million Mountain property, was indeed successful in its mission thus far.

Drill hole MM18010, which was drilled 180 meters south of the main resource body, returned 1.2 g/t Au over 29.91 metres beginning at a depth of six metres. 

A second zone of 23.2 metres grading 1.8 g/t Au, which includes 10.11 meter grading 3.51 g/t Au, was intersected at a depth of 274.1 metres. 

Finally, a third zone grading 0.65 g/t Au over 28.26 metres was intersected at a depth of 384.84 metres and continued to the bottom of hole MM18010. 

In addition, numerous narrow mineralized stringers ranging in width from 0.5 metres to over 3 metres and grading from 0.5 g/t Au to 1.81 g/t Au were encountered between these three main mineralized zones.

"We are pleased that Zone 1 step out drilling continues to be productive.  With guidance provided by the results of our current geophysical programs on Zone 1, we will be testing further expansion of this mineralized body, in addition to new targets indicated at Zone 9," said the company in a statement.
 
In September 2008, Sacre-Coeur reported an NI 43-101 compliant interim resource estimate of measured resources of 12,119,285 tonnes grading 1.0 g/t Au and indicated resources of 2,175,278 tons grading 0.9 g/t Au.  Total contained gold was 451,397 tr oz Au (388,456 tr oz Au measured and 62,941 tr oz Au indicated). 

Since completion of the resource estimate two years ago,  the company has completed 48 additional holes on Zone 1.  Drilling is also currently in progress at Million Mountain Zone 9, which is aimed to define a resource in this prospective area. 

Sacre-Coeur 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.

It currently has an interest in approximately 1000 sq. km of mineral properties in Guyana, including the Million Mountain property.

Last week, Severstal announced it would acquire Sacre-Coeur in a C$77 million deal.