MONTREAL, June 21, 2012 /CNW Telbec/ - Sunset Cove Completes Second Diamond Drill Hole at Carolay Silver Property June 21, 2012 Toronto, ON (TSX: SSM) (BVL: SSM) The second hole of this years diamond drill program has been finalized. The hole DDH-06 went to a depth of 301 meters and has again crossed two structures. The most important of these being the Carolay Vein at 193.06 meters and the Carolay 1 Vein at 226 meters.
"We stopped DDH-06 at this depth after having achieved our goal of crossing the two known important structures in Anomaly #1," said Lorne Woods, President of Sunset Cove. "The logging of the core has confirmed that we have multiple mineralized structures at a different depth and location from DDH-07 which shows a continuity of the structures."
The Carolay vein was found at 193.06 to 194.60 meters and contained Small Iron oxide vein 4%, small manganese oxides veins 2%, small marmatite veins 3% and muscovite crystals 2%.
The Carolay 1 vein was found between 234.80 to 234.87 meters. There is a fault with content of iron oxides.
Sunset expects the results of the assaying of the core to be ready within the next two to three weeks.
The preparation of DDH-05 is underway and it should be collared in a couple of days. This hole is designed to cross the know structures at a different angle and will again provide more information to Sunset Cove.
In addition Sunset is set to begin surface exploration work on the Maranon sector of the Carolay property. Early exploration work has identified similarities here to that of the well-known Pataz Batholith a prolific gold producing sector just to the east on the other side of the Maranon River.
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