Sunset Cove Reports of the Discovery of High Grade Silver in the Maria Structure
Two High-grade Channel Samples of 1165 g/t Ag and 1050 g/t Ag.
TORONTO, Nov. 21, 2012 /CNW Telbec/ - (TSXV: SSM) (BVL: SSM) Sunset Cove is pleased to announce the presence of high grade silver in channel samples from altered andesite within the Maria Structure. The Maria structure hosts the May Linn and May Linn1 veins and may be the main feeder structure for the Carolay vein system. The sampling was conducted in two stages: the first stage sampling was designed to characterize the mineralogy and alteration present in the structure. The second stage sampling was focused on obtaining good weighted average grade information in channel traverses across the main structure.
The best assay results for both stages were as follows:
- Two high-grade individual values: 1165 grams per tonne (g/t) silver (Ag) across 0.3 m and 1050 g/t Ag across 0.30m, with a best average grade of 78.43 g/t Ag across 4.53 m.
- Four anomalous copper (Cu) values that range from 0.43% Cu to 1.88% Cu.
- Twelve anomalous zinc (Zn) values that range from 1.13% Zn to 2.59% Zn.
The Maria structure is cored by an andesitic dike that exhibits moderate argillic alteration, strong silicification and features a dark color likely due to the presence of mafic minerals and manganese. The Maria structure contains a hydrothermal alteration assemblage in the form of quartz veinlets with a variety of sulphides including chalcopyrite and disseminated tetrahedrite. The Maria structure has a strike of 335° azimuth and a vertical inclination. The Maria structure measures 6.70 meters wide on average and its visible outcrop measures 135 meters in length, and is likely longer but is covered by overburden at either end of the structure.
"Widespread alteration and polymetallic mineralization within the Maria structure potentially demonstrates that the Maria structure was the main hydrothermal feeder zone and conduit for the fluids that have formed the Carolay vein system and the multiple silver bearing veins that have been discovered to date." said Mr. Lorne Woods, President of Sunset Cove. "This is another amazing discovery here at Sunset Cove, as this might prove that the whole of the Carolay Silver Polymetallic Property is prospective for many more discoveries of sulphide-quartz veins that should contain precious metals"
The northwest trending main Maria structure is cut by a series of
crossing normal and reverse faults, which have created the rocky steps
that are found within the exploration area. The Maria structure has its
strike along the Huayobal gorge axis. The structure cuts across the
surrounding metavolcanic rocks. The structure is in contact with highly
schistose metavolcanic rocks at lower levels.
Sunset Cove will continue surface exploration with an emphasis on the discovery and the channel sampling of quartz veins in order to identify drill targets for precious and non-precious metals. Sunset Cove plans to test the extent and grade of precious metal mineralization associated with the Maria structure through an upcoming 10,000-meter diamond drilling campaign.
|WIDTH||Ag g/t||Cu %||Pb %||Zn %||Au g/t||HIGH VALUES IN THE CHANNEL|
|CHANNEL 1||0.30||4.27||0.01||0.01||0.02||0.01||5.7 g/t Ag|
|CHANNEL 2||0.30||14.40||0.06||0.00||0.01||0.01||14.4 g/t Ag|
|CHANNEL 3||1.43||5.40||0.01||0.01||0.05||0.01||8.4 Ag g/t|
|CHANNEL 4||0.55||8.06||0.01||0.01||0.02||0.02||12.9 g/t Ag|
|CHANNEL 5||0.59||2.37||0.01||0.00||0.03||0.02||2.8 g/t Ag|
|CHANNEL 6||0.26||0.70||0.01||0.01||0.03||0.01||0.7 g/t Ag|
|CHANNEL 7||0.23||0.60||0.01||0.01||0.09||0.01||0.6 g/t Ag|
|CHANNEL 8||0.24||1.70||0.01||0.02||0.32||0.01||1.7 g/t Ag and 0.32% Zn|
|CHANNEL 9||0.66||6.94||0.01||0.02||0.06||0.02||12.8 g/t Ag|
|CHANNEL 10||0.65||25.36||0.04||0.01||0.03||0.02||49.7 g/t Ag|
|CHANNEL 11||0.32||0.20||0.01||0.01||0.05||0.01||0.2 g/t Ag|
|CHANNEL 12||0.96||2.32||0.01||0.02||0.15||0.01||3.8 g/t Ag and 0.26% Zn|
|CHANNEL 13||0.30||0.60||0.01||0.01||0.58||0.01||0.6 g/t Ag and 0.58% Zn|
|CHANNEL 14||0.72||0.91||0.01||0.01||0.03||0.01||1.3 g/t Ag|
|CHANNEL 15||0.33||6.30||0.03||0.07||0.78||0.01||6.3 g/t Ag and 0.78% Zn|
|CHANNEL 16||0.30||1165.07||1.88||0.01||0.05||0.01||1165.07 g/t Ag and 1.88% Cu|
|CHANNEL 17||0.86||2.00||0.02||0.02||0.44||0.01||2.9 g/t Ag and 0.48% Zn|
|CHANNEL 18||0.30||2.20||0.00||0.01||0.16||0.01||2.2 g/t Ag and 0.16% Zn|
|CHANNEL 19||0.98||4.71||0.01||0.02||1.17||0.01||9.9 g/t Ag and 1.99% Zn|
Weighted Average Grades - Sampling - Stage 1
|CHANNEL||WIDTH||Ag g/t||Cu %||Pb %||Zn %||HIGH VALUES IN THE CHANNEL|
|C7||0.87||1.10||0.01||0.02||0.09||2 g/t Ag and 0.2% Zn|
|C4||1.72||9.71||0.03||0.01||0.01||15.6 g/t Ag|
|C1||2.46||2.84||0.01||0.07||0.22||9.3 g/t Ag and 0.44% Zn|
|C3||1.40||2.02||0.02||0.03||0.32||7.2 g/t Ag and 0.33% Pb and 1.43% Zn|
|C6||1.12||26.35||0.13||0.01||0.03||92.4 g/t Ag and 0.43% Cu|
|C2||2.18||11.71||0.01||0.04||0.20||22.8 g/t Ag and 0.35% Zn|
|C5||4.91||10.26||0.02||0.01||0.09||54.4 g/t Ag and 0.26% Zn|
|C8||4.20||4.54||0.01||0.01||0.06||6.2 g/t Ag and 0.13% Zn|
|C9||3.35||6.63||0.01||0.01||0.17||18.9 g/t Ag and 0.49% Zn|
|C10||4.53||78.43||0.08||0.01||0.05||1050 g/t Ag and 0.71% Cu and 0.11% Zn|
|C11||7.71||2.26||0.01||0.04||1.03||8.9 g/t Ag and 0.13% Pb and 2.59% Zn|
Weighted Average Grades - Sampling - Stage 2
Graphic representation of the vein system at the Carolay Project.
Quality Assurance - Quality Control
The Carolay property exploration program is under the supervision of Mr. Michael Dufresne., M.Sc., P.Geo. of APEX Geoscience Ltd. an independent consultant and Qualified Person as designated by National Instrument 43-101 who has reviewed the technical content of this release. Mr. Bratzon Salvador, Operations manager, supervises exploration at Sunset Cove's projects. All technical information for the company's projects is obtained and reported under a formal quality assurance and quality control (QA/QC) program.
About Sunset Cove - Sunset Cove Mining Inc., is a dynamic Canadian junior mineral exploration and development company dedicated to driving shareholder value through the economical acquisition, exploration and development of precious metals properties in proven Latin American locations to the point where they become attractive joint venture or acquisition targets. Sunset Cove is in Peru now, because now is the time to be in Peru, and has a wholly owned Peruvian subsidiary, Minera Sunset Del Peru S.A.C based in Lima, and is building a Peruvian mining portfolio in precious metals.
Some of the statements contained herein may be forward-looking statements that involve known and unknown risks and uncertainties. Results presented in this press release are exploratory in nature. Historical data, if mentioned, should not be relied upon, as they are not admissible under NI 43-101 rules and the Company has not conducted sufficient testing to verify this type of information. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world-wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability, and the uncertainty of access to additional capital. Sunset Cove disclaims any obligation to update any such forward-looking statements.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
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