TORONTO, Nov. 15, 2011 /CNW Telbec/ - (TSXV: SSM) (BVL: SSM) Sunset Cove
is pleased to announce that it has expanded its land holdings at the
Carolay Silver Polymetallic Property in La Libertad, Peru to 5784
hectares. "Over the last 12 months our exploration program has
discovered two additional mineralized sectors," said Sunset Cove
President Lorne Woods, "to go with the Carolay Sector. These
additional favourable areas were therefore acquired."
"Our exploration work led us to believe that the Carolay Vein was not
the only significant mineralization on the property or on the newly
acquired holdings, which are called the Marañon and Humberto Sectors."
At the Carolay Sector itself, mapping and exploration has shown in
Anomaly One that the silver and polymetallic veins correspond to
syngenetic epithermal polymetallic veins and "mantos" or distal
replacement, seven metasomatic zones of base metals, lead, zinc, silver
, gold and copper, associated with carbonite, limonite, pyrite,
arsenophyte, goethite, pyrrhotie and vesicular iron rich quartz. The
vein contact walls are oxydized and mostly enriched in supergene
At Carolay Anomaly Two, near Huayobal, copper minerals such as
chalcopyrite, malachite, azurite and sulphides (pyrite) occur as
disseminations and veinlets in small stockworks and associated potassic
and phyllic alterations (quartz-sericte).
Surface mapping will continue over the next few months with the purpose
of obtaining a better interpretation of the structural model and to
verify the continuity and the possibility of additional parallels
Drilling undertaken here will try to better understand the relationship
of the two chargeability anomalies. All drill holes will be drilled to
a minimum depth of 300 meters.
The geophysic map shows the mineralogical trend represented by magnetic
bodies toward the NE and in addition, the possible lateral extension of
the Carolay Vein towards the SE. The lateral extension of the Carolay
Vein will be drill tested for some 2.2 Km.
Surface sampling has continued for most of the past six months. Samples
were taken alongside the road where Anomaly 2 and DDH CA 11-07 were
drilled, to determine the continuity and presence of additional surface
The Marañon Sector
The Marañon Sector is 1700 hectares in size and lies to the northeast of
the Carolay Vein, close to producing mines near the Marañon River.
Initial surface sampling carried on at Maranon has shown high surface
oxidation traces which were taken as referential samples on quarternary
material. Vast alteration areas between iron oxides and argillic
alterations were discovered with anomalous assay results in gold,
silver, copper, lead and zinc.
A community approval meeting was held with the people of Alizar who
granted Sunset Cove authorization to carry out surface exploration on
This means that reconnaissance work including geochemical sampling in
search of anomalous outcrop alterations and intrusive rocks, as well as
geological mapping with an emphasis on structure, can now be carried
This will provide full information on all the structural anomalies in
the area. In addition, we will follow up with geophysical surveys,
additional Mag and I.P., and surface sampling. This will provide the
information we need to determine the diamond drilling program for this
The Humberto Sector
The Humberto Sector is 1600 hectares in size and lies to the west of the
Carolay Vein. It shows surface indications of a breccia that extends
from east to west for roughly 550 metres and close to 800 metres from
north to south. Initial exploration through surface sampling has
revealed superficial traces of a breccia that runs approximately 500
metre east to west and approximately 800 metres from north to south.
The breccia is of tectonic origin and consists of carbonate cement and
fragments of silicified limestone, schist, sandstone, volcanic and meta
volcanic rock, which at the same time are strongly oxidized and
altered. The breccia represents an excellent structural metallotect.
Surface sampling, breccia mapping and geophysical survey will require
about 3 months and should be completed in mid-2012.
"Our exploration program will focus on defining and exploring the
Carolay Vein and associated parallel structures and extensions as well
as on the initial exploration on the Humberto and the Marañon Sectors,"
Please see the link to a map of the Carolay property.
Quality Assurance - Quality Control
The Carolay property exploration program is under the supervision of Mr.
Alain-Jean Beauregard P.Geo. of Geologica Inc. 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 and copper 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 and copper, with two properties under
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."
PDF with caption: "Map of zones Humberto, Carolay and Marañon". PDF available at: http://stream1.newswire.ca/media/2011/11/15/20111115_C5701_DOC_EN_6677.pdf
SOURCE SUNSET COVE MINING INC.
For further information:
President Sunset Cove Mining
(877) 234-0692; ext 250