TORONTO, April 18, 2012 /CNW Telbec/ - (TSX: SSM) (BVL: SSM) Mr. Lorne Woods, President and CEO of Sunset Cove announced today that recently completed geophysical surveys including an Induced Polarization (I.P.) has led to the discovery of three new Anomalies on the Carolay property. In addition the size of the two previously identified anomalies has increased significantly in width and length along their axes.
"Because of the new information from the geophysical surveys our geological team has become very enthusiastic," said, Woods. "They believe that it is becoming clear that there are a number of parallel zones to the Carolay vein and that the magnetic profiles match up well to the Carolay Vein which means they may be similar enough to contain conducting massive, semi-massive and polarizable disseminated sulfides which could correspond with economic mineralizations."
The Carolay 1 Anomaly has now been measured at 300 meters wide by a length of 1.6 km. This anomaly is where the Carolay Vein is located. "The Carolay Vein appears to be similar in length to the anomaly, 1.6 km, which makes it more interesting and that has piqued our interest," added Woods.
The Carolay 2 Anomaly has an ellipsoid shape and has now grown to measure 1.2 km by 950 meters wide. In this anomaly we have several vein systems and networks corresponding with the size of this anomaly. The IP profiles indicate the potential presence of mineralization at depth.
Sunset Cove is currently drilling on Anomaly number 1 and will drill the second Anomaly in the second half of this year.
Recent work has found Anomaly 3, located 750 meters southeast of Anomaly 1, which is parallel to the Carolay structural system. In terms of structure, it matches the magnetic profiles of the Carolay vein very well. Anomaly 3 is 100 meters wide and 350 meters long.
Anomaly 4 is smaller and located north of Anomaly 2 and is 525 meters in length by 260 meters in width. In addition, just to the southwest of Anomaly 4 is a fifth Anomaly that measures 1000 meters by 500 meters. Further work needs to be done to confirm that these two anomalies are related to the well-known Anomaly 2.
In regards to resistivity, the resistive bodies match and are located within the chargeability area, and also, growing in number as they go deeper. This might indicate that silification linked to mineralization can be found at depth.
The Geophysical Report concludes that the Mag, IP and Spectrometric surveys have helped to identify well-defined potentially mineralized targets to be tested by diamond drilling in the near future.
"This is all good news," said Lorne Woods, President and CEO of Sunset Cove Mining. "The more we look, the more positive signs are seen that there may be significant mineralization at Carolay."
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."
PDF with caption: "A Google Earth Picture Showing The Anomalies.". PDF available at: http://stream1.newswire.ca/media/2012/04/18/20120418_C6654_DOC_EN_12451.pdf
PDF with caption: "I.P. Image of the Anomalies.". PDF available at: http://stream1.newswire.ca/media/2012/04/18/20120418_C6654_DOC_EN_12452.pdf
For further information:
President Sunset Cove Mining
(877) 234-0692; ext. 250