TORONTO, Feb. 20, 2013 /CNW Telbec/ - (TSXV: SSM) (BVL:SSM) Sunset Cove is pleased to announce that it has discovered a new artisanal adit located near the San Sebastian River at the base of the Carolay Silver Polymetallic property.
"The discovery of this new adit with apparent polymetallic mineralization during our exploration is very encouraging, " said Lorne Woods, President and CEO of Sunset Cove. "Its discovery means that the Carolay Vein system has been traced over several kilometers in length and now over several hundred meters of vertical extent and is proving to be an extensive mineralized system."
The entrance to the adit is found at 2028 meters above sea level and measures 1.40 meters wide by 1.60 meters high and is 4.50 meters deep. The adit in the mine entrance has a strike of 57°North and a dip of 55°Southeast and seems to follow a mineralized tensional structure that is in the metasediment in the gneiss. This tensional structure features strong silification with veinlets of quartz, galena and stibinite and visible sulfur dissemination and stockworks of iron-oxide and manganese-oxide veinlets.
The gneissic country rock features strong silification along with sericite alteration. Sulfides are present in fractures and faults.
It is possible that the San Sebastian River may be hosted in a larger fault zone and that tensional structures associated with the fault zone cross the gneiss and schist and are mineralized. Theses mineralized tension structures may represent excellent opportunities for the discovery of polymetallic mineralization of the Carolay system over excellent widths.
The Target warrants further exploration and perhaps with more work wider mineralized structures maybe discovered. The San Sebastian River discovery also demonstrates that polymetallic mineralization is not only present in the metavolcanic rocks but may also be present in the gneisses.
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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