Vancouver — Drilling by Sacre-Coeur Minerals (SCM-V, SCRMF-O) on its Million Mountain property, in west-central Guyana, has returned significant gold intercepts in two initial core holes testing a shear zone identified in 2005.
Hole MM01-05 cut 83.3 metres (from 24 metres down-hole) grading 3.4 grams gold per tonne in a wider 178.4-metre interval averaging 1.7 grams gold. Within the intersection, a 12-metre section assayed 19.7 grams gold. Hole MM02-05 returned 83 metres (from 29.5 metres depth) of 4.3 grams gold within 261.8 metres of 1.6 grams gold. Higher-grade portions included 37.6 metres of 8.5 grams gold and 12 metres of 12.1 grams gold.
Drilling has confirmed that the higher-grade gold mineralization extends into the unoxidized hardrock beneath the saprolite. High-grade gold is associated with a steeply dipping, northwest-trending shear zone previously discovered in a trenching program.
The project area is underlain by Precambrian Barama-Mazaruni metavolcanics and metasediments in a greenstone belt environment. It is just north of Guyana Goldfields’ (GUY-T, GUYFF-O) Peters project, which underwent small-scale underground mining in the early 1900s.
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