MONTREAL, Feb. 18 /CNW Telbec/ - (TSX-V: SSM): Mr. Lorne Woods,
President of Sunset Cove Mining is pleased to announce that the logging
of first two drill holes have been completed on their
silver-polymetallic Carolay property in the province of La Libertad in
The results show sulfide mineralization in diamond drill hole CA-10-01
from 31 meters to 136.5 meters. The mineralization in CA-10-03 was
visible from 20.2 meters to 175.5 meters of depth. The mineralization
in this hole was contained in narrower zones than the drill hole
"The core logging has allowed us to report more fully on what the crew
saw on-site," said Woods. "We are looking forward to the assay results
confirming what our technical team believes the core is showing."
The rock units intercepted by drill core holes CA-10-01 and CA-10-03 are
a series of low-grade metamorphic rocks, primarily phyllite, chlorite
schist, quartzite gneiss and metavolcanic rocks. The chalcopyrite is
found disseminated; sphalerite is also disseminated or associated with
calcite veinlets; trace amounts of fine, disseminated galena were also
In the upper levels of the two drill holes, stockwork veining of pyrite
and chalcopyrite grades downward into more disseminated occurrences of
sulfides, primarily chalcopyrite.
A 6,000-meter diamond drill campaign was targeting a large chargeability
anomaly that was defined by a ground IP and magnetic survey conducted
during Q2 and Q3 of 2010 and reported in the news release dated
November 29th, 2010.
As was reported in the news release of January 21st, 2011 the company stopped drilling when the technical team on-site
observed abundant sulfides leading Sunset to take time out to re-orient
the drill program while sending the core to the lab for immediate
logging and assaying.
The objective of the first hole, CA-10-01, drilled at azimuth 335o to a depth of 392 meters at -75o, was to intersect a sector of the chargeability anomaly that lies
between the 150m-long surface outcrop of the NW-trending Carolay Vein
and a sulfide-rich breccia that was found in outcrop 625 meters to the
east of the vein.
The second hole, CA-10-03, was drilled at an azimuth of 245o to a depth of 302 meters at -75o to intersect the down-dip extension of the Carolay Vein and to test the
western portion of the large chargeability anomaly.
Sunset Cove is anticipating that these assay results will be released by
the end of February.
Quality assurance/quality control
Steven Park P. Geo, an independent consultant and qualified person as
designated by National Instrument 43-101, has reviewed the technical
content of this release. Bratzon Salvador, P.Eng, 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 is a mineral exploration company incorporated in Canada that
seeks to increase shareholder value through the acquisition,
exploration and advancement of potentially large-scale precious metals
and copper properties. It has a Peruvian mining portfolio in precious
metals and copper, with two properties under contract. One of those
properties is the Carolay Polymetallic Silver Property (the "Carolay Property").
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
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.
Additional information related to the Corporation is filed
electronically on the System for Electronic Document Analysis and
Retrieval (SEDAR) at www.sedar.com. Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada (IIROC) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE SUNSET COVE MINING INC.
For further information:
Sunset Cove Mining
(877) 234-0692; ext 250