TORONTO, March 8, 2012 /CNW Telbec/ - (TSXV: SSM) (BVL: SSM) Sunset Cove Mining today reports that it's ground team working at Carolay has found a fourth structure called Carolay 2. This new structure is found parallel to the Carolay vein (310° of azimuth) but with a different inclination equal to 78° to the northeast.
"This new structure which is located above the Carolay Vein has confirmed our belief that the anomaly identified by the I.P. work completed in 2010 and measured 200-meters contained numerous structures that we hoped would be mineralized," said Lorne Woods president of Sunset.
This structure was found in an ancient work that is located near the surface. It is located 65 meters from the Carolay adit. It is composed of veinlets of silver sulfide, galena and sphalerite associated with Fe and Mn oxides, as well as the mineralogy of the Carolay vein.
This Carolay 2 vein was sampled in a adit 20 meters long and systematic channel samples spaced every two meters. The results reported 57.00g/t silver, 0.05% Cu, 0.19% Pb and 0.41% Zn with an average width of 0.84 meters. The width of this structure varies from 0.51 to 1.38 meters.
"It is becoming apparent to the geological team, led by Carlos Villon, that the drilling program currently underway should return some interesting results," said Mr. Woods
Please see the attached map for more details.
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 contract.
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."
Image with caption: "Map of Carolay 4 and 2 (CNW Group/SUNSET COVE MINING INC.)". Image available at: http://photos.newswire.ca/images/download/20120308_C2694_PHOTO_EN_10948.jpg
For further information:
Sunset Cove Mining
(877) 234-0692; ext. 250