Sacre-Coeur posts initial Million Mountain drill results, up to 49.2 g/t gold

Sacre-Coeur Minerals (CVE:SCM) announced Monday that it has found significant sulphide mineralization in initial drill testing of targets at its Million Mountain propery in north central Guyana, confirming IP anomalies generated by a ground survey.

The IP survey was conducted over possible extensions of the company's Million Mountain Zone 1 deposit, located on the Lower Puruni block of properties.

Three of the five initial holes that have been tested encountered significant sulphide mineralization disseminated in the Quartz-Monzonite host rock, the company said, ranging to approximately 10% total sulphides, and confirming IP anomalies.

Sacre-Coeur said that assays did not show appreciable gold in association with the disseminated sulphide mineralization.  However, hole 18911 encountered several narrow veins showing significant gold values, including 0.30 meters grading 49.2 grams per tonne (g/t) of gold, and 0.33 meters grading 20.0 g/t gold. 

These results suggest, the company said, that more than one mineralizing event has been "superimposed" on this deposit. 

"The low sulfidation, high grade gold values present in some of the vein intercepts are believed to be the result of a later stage hydrothermal event along existing tight fractures and shear zones associated with a Northwest-Southeast linear feature," it said in a statement.

Based on these results, the company is focused on defining the structural elements that could potentially provide a significant boost to the Zone 1 resource.  Further drilling on this zone will be deferred until all data is analyzed to generate specific targets.

In the meantime, the company said it is due to release gold production and sales data from its alluvial exploration and mining program.

Sacre-Coeur currently has an interest in approximately 1000 square kilometres of mineral properties in Guyana, including the Million Mountain property.