MONTREAL, Feb. 4 /CNW Telbec/ - (TSX-V:SSM): Lorne Woods, President of
Sunset Cove Mining reports the following results from underground
samples taken on its silver- polymetallic Carolay Property in the
province of La Libertad in Peru.
Twelve channel chip samples were taken across the Carolay Vein in
underground workings driven along the vein. Five of these samples gave
values of >100 g/t Ag with associated high values of 0.35% Cu, >1% Pb
and >1% Zn across veins widths ranging from 0.3 - 0.5 meters.
(Overlimit values of Ag are pending.)
Channel chip samples of 1.5 meters in length taken from wall rock
immediately adjacent to, but not including the vein, averaged 22.6 g/t
Ag, 0.05% Cu, 0.13% Pb, and 0.35% Zn, indicating that sulphide
mineralization is not limited to the vein structure
"These results come from samples taken from inside the Carolay Vein show
that the hanging and foot walls are mineralized," said Woods. "This
news leads us to believe the vein structure could be larger than first
As was previously announced in our News Release of November 4, 2010 the
following information comes from our NI 43-101 Technical Report. The
Carolay vein is the principal mineralized structure which is oriented
northwest-southeast (Az. 120°) with 50-60° dip towards the northeast.
The Carolay Vein varies in thickness between 0.4 and 1.2 metres. The
vein is known to extend over a length of at least 130 metres from
underground drift and subdrifts.
The Carolay Vein consists of a shear zone within schists, phyllites
associated with pyrrhotite, argentiferous galena as well as sulphides
(pyrites, arsenopyrite) silver tellurides oxides (limonite, goethite,
hematite and sphalerite). Hydrothermal alteration (argillitization and
chloritization) is observed at the contacts between the mineralized
vein and host wall rocks.
The vertical extension was observed between two access adits between
levels 2,960 metres and 3,025 metres of at least 65 metres. Along
strike, the vein was followed with the 2,972 metre level subdrift and
the 2,960 metres access drift (adit) for a minimum of 150 metres.
The deposit would represent syngenetic epithermal polymetallic veins and
"mantos" or distal replacement metasomatic zones of base metals (Pb,
Zn, Au, Ag, Cu) associated with carbonates, limonite, pyrite,
arsenopyrite, chalcopyrite, goethite, pyrrhotite, and vesicular iron
The initial metallogeny is of Neoproterozoic epoch of the Maraňon
Complex where the structures transcut the chlorite schists, phyllites
and limestones of the Pucara Group. The vein and contact walls are
oxidized and mostly enriched in supergene silver.
The structures and textures are characterized and dominated by the
presence of banding and strong foliation. The veins are locally
intensely silicified and argillitized and contain silver-rich galena
and sphalerite with marmatite.
In addition, the Company confirms that as of the Qualifying
Transaction, Horwath Leebosh Appel SENCRL/LLP has been named as the
successor auditors of the Company. Sunset Cove also announces that it
has granted 370,000 stock options to a new director and consultants.
The options are priced at $ 0.20 and expire five years from their
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.
In addition the NI 43-101 Technical report was produced under the
supervision of Mr. Alain-Jean Beauregard of Geologica Inc. an
independent consultant and qualified person as designated ny National
Instrument 43-101 who has reviewed the technical content of this
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.
SOURCE SUNSET COVE MINING INC.
For further information:
Lorne Woods, President, Sunset Cove Mining
(877) 234-0692; ext 250