TORONTO, May 25, 2012 /CNW Telbec/ - (TSX: SSM) (BVL: SSM) Sunset Cove is happy to announce that the second DDH has been collared and is progressing well. This drill hole is expected to reach a depth of 350 meters and cross all of the known parallel structures in the IP Anomaly 1.
"The design of the DDH-06 is such that we will start to look at the size of the Carolay and Carolay 1 veins. There will be a distance of 100 meters between DDH-06 and DDH-07," said Lorne Woods President of Sunset Cove. "We are expect to show some continuity in the veins over distance."
The aim of this years drill program is to establish a resource calculation over a distance of 250 to 300 meters of the Carolay 1 IP zone. The 6000+ meters of drilling should allow an independent consultant to prepare a report to that effect.
In addition Sunset Cove announces that it is well into the process of staking 16 new claims with a total area of 13,700 hectares adjacent to its Carolay Silver Polymetallic property located in the region of La Libertad in the north of Peru.
Due to a new law which is named "Consulta Previa" in Peru, all new mining claims need to go through a consultation period which is undertaken by the government with the local indigenous communities before the exploration programme of the mining concession begins. This process starts after the title to the concession has been granted. The management team is also pleased to announce that these claims have now been published in the Peruvian Gazette as per the legal procedure governed by INGEMMET.
The company is confident that a positive conclusion will be announced soon. When the new claims are added to the existing claims Sunset will control close to 20,000 hectares.
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.
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."
For further information:
President Sunset Cove Mining
(877) 234-0692; ext. 250