Sacre-Coeur’s Million Mountain project lives up to name

Stepout drilling at Sacre-Coeur Minerals‘ (SCM-V) flagship Million Mountain project in northern Guyana returned 103.6 metres grading 1.26 grams gold per tonne.

The hole included 15 metres grading 4.81 grams gold and encountered seven zones of mineralization to a depth of 589 metres, with gold values between zones averaging 0.4 gram gold per tonne.

The drill program is aimed at expanding the resource at Zone 1. Million Mountain has an initial resource estimate on the zone of 12.12 million tonnes grading 1 gram gold in the measured category and an additional 2.18 million tonnes grading 0.9 gram gold in the indicated category.

After the resource estimate was completed in September 2008, Sacre-Coeur focused its drill efforts on scouting for targets along the 20 km Million Mountain trend on the company’s Lower Puruni block.

That work was completed at the end of 2009 and drilling so far this year is targeted at Zone 1 in order to expand that resource. So far about 4,000 metres have been drilled in seven holes. The drill program is designed to determine whether mineralization continues to the north, east, and south at a greater depth than the original resource drilling.

Drill holes MM16910 through MM17110 encountered narrow zones of mineralization grading as high as 12.08 grams gold over 0.48 meters, but did not contain continuous zones of more than two metres grading at or above 0.5 gram gold.

“These holes are believed to have encountered the fringe of the mineralized zone away from the main feeder plumbing,” the company stated in a news release.

The Vancouver-based company has an interest in about 1,013sq. km of mineral properties in Guyana, including the Million Mountain project.

The Million Mountain property is about 100 air km southwest of the capital city of Georgetown and covers the Puruni River and Mara Mara drainages north of the Peters Mine property of Guyana Goldfields ( GUY-T). The Peters Mine is 6 km southwest of Million Mountain and was discovered by placer miners in 1904

If travelling by road, access to Million Mountain is by highway and then by water taxi up the Essequibo River, which connects to a mining and logging road at the village of Itibali on the Mazaruni River, just upstream from the junction of the Essequibo, Mazaruni and Cuyuni Rivers.

From the village of Itibali, about 100 road km from the Million Mountain camp, a dirt bush road extends along the Mazaruni River and the Puruni River drainages. Logging is planned for the area south of Peters Mine, which should result in better road access to the project.

The Essequibo River is navigable by heavy tugs and barges from the sea port in Georgetown to the river port at Itibali to facilitate movement of heavy equipment and supplies by river and road to the Million Mountain site.

At presstime Sacre-Coeur was trading at 67¢ per share. Over the last year the junior has traded in a range of 48¢-$1.20 per share and has 29.98 million shares outstanding.