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Message: Other alluvial targets...

Other alluvial targets...

posted on Jul 26, 2009 10:08AM

Over the past couple of weeks I have been going back and reading previous press releases. Somehow I didn't really notice it but SCM started talking about alluvial gold mining well over a year ago as a potential near-term path to generating cash flow. I didn't really pay any attention until they announced the test mining program which is fine because the market didn't seem to give them any credit for it anyway. Here is an excerpt from an article published in January this year, that discusses the Northwest project as a potential alluvial mining target:

"Sacre-Coeur Minerals Ltd said it has completed a shallow prospect core drilling program on its Northwest gold project in Guyana, South America, showing that previous trenching results and the latest data combine to make Northwest a potentially attractive target for alluvial mining.

Trench results of up to 12.0 meters reported in February 2008 showed grading of 7.90 grams per ton of gold, and the recent shallow epithermal vein drilling intercepted up to 2.31 meters at 6.6 g/t Au."

http://www.proactiveinvestors.com/companies/news/912/sacre-coeurs-northwest-gold-project-in-guyana-indicates-potential-for-alluvial-mining-0912.html

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