MONTREAL, Jan. 20 /CNW Telbec/ - (TSX-V: SSM): Mr. Lorne Woods,
President of Sunset Cove Mining is pleased to announce that the first
two drill holes have been completed on their silver-polymetallic
Carolay property in the province of La Libertad in Peru.
A visual review of the drill core at the property showed both drill
holes intersected unexpected sulfide mineralization close to the
surface. These intervals began at 43m for CA-10-01 and at 27m for drill
Drilling has been temporarily suspended in order to evaluate mineralized
intercepts in the core within the context of the property geology and
to re-orient the drill program to test the continuity of this sulfide
mineralization. Drilling will resume later in Q1 when the results
have been compiled.
The results of the first phase of the drill program lead us to believe
more fully that a disseminated silver-polymetallic deposit can be found
on the Carolay property," said Woods.
These diamond drill holes targeted 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,
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.
The drill core is currently being logged in detail by Sunset Cove's
technical team. Assay results will be released as soon as they are
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, 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. 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.
SOURCE SUNSET COVE MINING INC.
For further information:
Sunset Cove Mining
(877) 234-0692; ext 250