Two Samples of 178.3 g/t Ag and 153.7 g/t Ag
TORONTO, Dec. 3, 2012 /CNW Telbec/ - (TSXV: SSM) (BVL: SSM) Sunset Cove Mining (The "Company") is very pleased to announce that five previously unknown historic adits into the Carolay Vein have been discovered by prospecting and surface mapping. These adits provide an additional 450 meters of strike length to the main Carolay Vein.
"The discovery of an additional 450 meters of surface strike length for the Carolay Vein to the northwest of the main adit is extremely encouraging and is another strong indicator of the size, persistence and quality of the Carolay vein system , " said Lorne Woods President of Sunset Cove. "This type of exploration development is typical of small scale historic Peruvian mining. Each of these adits would more than likely have been constructed to obtain a small bulk sample from the main Carolay Vein and has provided us with access for further sampling."
The Company is awaiting results for over 350 samples collected from the newly identified adits, which should be announced shortly. Sunset Cove has received preliminary assay results for channel samples collected from the adit NV3062, which has yielded up to 153.7 grams per tonne (g/t) silver (Ag) over 0.27 meters and 178.3 g/t Ag over 0.19 meters from two separate channel samples..
The five mine entrances and their respective historic adits are described as Mine Entrance Nv3020, Mine Entrance Nv3025, Mine Entrance Nv3040, Mine Entrance Nv3062 and Mine Entrance Nv3070. The numerals reflect the meters above sea level location of each adit. The Company has undertaken maintenance in all of the mine entrances in order to avoid any future collapses while mapping and sampling.
These adits are important to Sunset Cove because they allow observation, mapping and sampling of the main Carolay Vein over many different elevations and at significant distances from the main underground development. The adits and associated underground lateral drifts provide access to primary vein mineralization that is not affected by surface weathering and therefore will provide a more reliable assessment of the overall true grade of the main Carolay Vein. In our experience, underground sampling of the veins tends to yield higher and more reliable grades than surface sampling. The vein has been mapped inside all the lateral drifts and it represents the same structural feature as the main Carolay Vein. The mapping combined with 3D modeling indicates that the main Carolay Vein extends over 400 meters along strike and at higher elevations than was first known. These discoveries and the new mapped strike extent of the main Carolay Vein structure spatially correspond to a strong IP chargeability anomaly ("Anomaly 1"), which extends from the current mapped workings a further 600 meters to the northwest.
The historic workings along the Carolay Vein structure demonstrate that there was intense mining activity over a number years and that the historic Peruvian miners were searching for and mining along the surface trace of the Carolay Vein. Traditionally historic Peruvian miners worked very rich precious metal veins, and thus to find this number of adits and lateral drift developments indicates that Carolay Vein structure was an important historic mining area. The Company plans to continue the surface prospecting, mapping and sampling along the strike of the Carolay Vein structure in the hopes of identifying and further sampling more historic workings. The detailed underground sampling of these historic workings in combination with selected drill hole intercepts will be used to calculate a maiden mineral resource that will then allow the Company to proceed to future decisions for bulk sampling and mining feasibility work.
A description of the adits follows:
Mine Entrance Nv3020
The adit here measures 1.15 m in average width and it is 1.25 m tall and 7.25 m deep; the adit has collapsed and it was constructed along the strike of the Carolay Vein.
Here the Carolay Vein measures 0.40 m in average width, has a strike of 320° and a dip of 37° to the north. The vein is composed of quartz, iron-oxide (30%) and manganese (20%) veinlets, disseminated jarosite (2%), calcite veinlets (1%) and milky quartz veinlets (1%). The enclosing host volcanics show strong silicification.
Mine Entrance Nv3025:
The adit here measures 1.10 m in average width and it is 1.10 m tall by over 50 meters deep. It was constructed along the strike of the Carolay Vein.
Here the Carolay Vein measures 0.50 m in average width, has a strike of 320° and a dip of 37° to the north. The vein is composed of quartz, iron-oxide (35%) and manganese (20%) veinlets, disseminated malachite (1%), hematite veinlets and disseminated hematite (2%), calcite veinlets (1%), disseminated muscovite (2%) and milky quartz veinlets (1%). The enclosing host volcanics display a quartz-sericite alteration and moderate silicification with brecciaed texture.
Mine Entrance Nv3040:
The adit here measures 0.67 meters in width and it is 1.10 meters tall and 10.80 meters deep. It also was constructed along the strike of the Carolay Vein.
Here the Carolay Vein measures 0.40 m in width, has a strike of 320° and a dip of 40° to the north. The vein is composed of quartz, iron-oxide (20%) and manganese (22%) veinlets, disseminated jarosite (filling cavities) (1%), milky quartz veinlets (1%), calcite veinlets and disseminated calcite (1%). The enclosing host volcanics display moderate silicification and brecciaed texture.
Mine Entrance Nv3062:
The adit here measures 1 meter in average width and 1.40 meters in average height. So far we know the adit is 15.60 deep and it is blocked by a rock fall. It was constructed along the strike of the Carolay Vein.
Here the Carolay Vein measures 1.10 meters in average width, has a strike of 315° and a dip of 42° to the north. The vein is composed of quartz, iron-oxide (8%) and manganese (6%) veinlets, disseminated pyrite (1%), disseminated sphalerite (1%), marmatite veinlets (1%), disseminated jarosite (1%), baryte crystals (1%), milky quartz veinlets (1%). The enclosing host volcanics display moderate silicification.
We have taken a total of 23 channel samples in 10 channels in this adit. Once of the channel samples returned 178.3 g/t Ag, 0.07% copper (Cu), 6.21% lead (Pb) and 0.70% zinc (Zn) over a width of 0.19 meters, with another channel sample yielding 153.7 g/t Ag, 0.17% Cu, 1.46% Pb and 0.95% Zn over a width of 0.27 meters.
Mine Entrance Nv3070:
The adit here and measures 1.30 meters in width and it is 1.40 meters tall and 11.20 meters deep. It was constructed along the strike of the Carolay Vein.
Here the Carolay Vein has an average width of 0.35 m, has a strike of 320° and a dip of 41° to the north. The vein is composed of quartz, iron-oxide (18%) and manganese (15%) veinlets, disseminated jarosite that fills cavities (1%) and milky quartz veinlets (1%). The enclosing host volcanics display moderate silicification.
New Map of the Three Important Zones of the Carolay Property
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."
SOURCE: SUNSET COVE MINING INC.
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