TORONTO, Aug. 21, 2012 /CNW Telbec/ - (TSXV: SSM; (BVL: SSM) Mr. Lorne Woods, president of Sunset Cove, is pleased to report that recent surface exploration work has led to the discovery of 13 new veins/structures on the Anomaly Two sector of the Carolay silver polymetallic property.
Most important of these new veins are the Lindsay vein and the Maria structure. "The discovery of the veins is very important for Sunset at this time," said Mr. Woods "the volume of new structures is helping to confirm that the Carolay property has potential and needs to be developed further."
The Lindsay vein was found because the exploration team had noticed a small old adit measuring six feet in depth and about four feet across. They then proceeded to dig a trench one meter deep and found that the vein measured 27-meters wide and is open to the north as the hanging wall has not been located to date.
The Lindsay vein is mineralized as proven by the use of the Breuker hand held x- ray fluorescence analyzer, a portable device for measuring metal content of visible mineralization in host rocks. Twenty-four other samples have been sent to the lab for assaying and the results are expected shortly.
The Maria structure is located to the north-east of the Lindsay vein in a gully that runs over the length of the Carolay property. The vein measures approximately eight meters wide and appears to be 200 meters in length and has a known vertical drop of 200 meters. Assay results from samples taken will be published shortly.
"While it is too early to predict what the new structures will deliver in the assay results. They may have the potential for large scale mining methods" said Woods.
In addition the surface exploration team has found an additional 11 veins and three old adits on the anomaly. They are detailed in the table below. The results of Silver, Zinc, Lead and Copper are from assays on samples taken at each of the veins.
|Vein||Azimuth||Orientation||Vein Width||Sample Width||Ag||Cu||Pb||Zn|
|Lindsay||98°||48°SW||4.0 m||0.82 m||90.87 g/t||0.08%||0.06%||0.01%|
|Lidia||107°||70°SW||0.83 m||0.83 m||1.3g/t||0.01%||0.05%||0.63%|
|Verónica||310°||40°NE||0.23 m||0.23 m||16.3g/t||0.03%||0.08%||4.97%|
|Irisbel||8°||49°NE||0.57 m||0.57 m||12.8g/t||0.02%||0.25%||1.30%|
|Alina||80°||80°SE||0.40 m||0.4 m||1.7g/t||0.01%||0.10%||0.60%|
|Atahualpa||54°||34°SE||0.89 m||0.89 m||56.06g/t||0.05%||0.02%||0.30%|
|Liz||82°||47°SW||0.56 m||0.56 m||0.9g/t||0.01%||0.01%||0.01%|
|Maryte||335°||52°NE||1.10 m||1.40 m||11.96g/t||0.03%||0.01%||0.01%|
|Mónica||328°||35°NE||0.66 m||0.66 m||0.6g/t||0.01%||0.01%||0.20%|
|Susana||35°||88°SE||1.47 m||1.47 m||1.02g/t||0.01%||0.01%||0.04%|
|Luana||300°||35°NE||0.15 m||0.15 m|
Planning is ongoing on how to properly drill these two new targets. These efforts should be underway by the end of September.
The Carolay property exploration program is under the supervision of Mr. Michael Dufresne 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., (TSX-V: SSM) 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.
Its flagship property is the Carolay Polymetallic Silver Property where advanced exploration drilling is taking place during 2012. The mineralization found on the Carolay property and the adjacent Marañon sector fits into the model of polymetallic veins and is similar to that found in the highly prospective Coeur D'Alene Silver District in Idaho, which historically has produced more silver than any other Silver District in the U.S.
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.
SOURCE: SUNSET COVE MINING INC.
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