TORONTO, May 8, 2012 /CNW Telbec/ - (TSX: SSM) (BVL: SSM) Sunset Cove is pleased to announce recent surface samples indicate a discovery of four new mineralized structures at Sunset Cove's Carolay Silver property.
The four veins are found adjacent to the Carolay Vein and within the 300-meter wide Anomaly #1. Identified as the Rosemary; Paola; Doris and Cristal veins. The two most interesting are the Rosemary and Paola veins and they run parallel to the known Carolay vein. They both have very very steep dips of over 75 degrees Northeast, making them very interesting and important geologically.
"We are very excited by the discovery of these new veins," said Lorne Woods Sunset's President and CEO. "The new structures are very encouraging as the angles of inclination are usually indicators of veins that run deep."
The channels sample results of the Rosemary vein returned 24.54 g/t Ag, 0.03% Cu, 0.07%Pb and 0.41%Zn. It also measured a minimum of 17 meters on surface and is 3.12 meters wide.
The channel sample results for the Paola vein returned 16.09 g/tAg, 0.02% Cu, 0.10% Pb and 0.35%Zn. The vein measures 52 meters long and is 3.25 meters wide.
In addition the Doris vein runs perpendicular between the Rosemary and Paola veins. The channel samples reported 21.55 g/t Ag, 0.04 %Cu, 0.26% Pb and 0.58% Zn and found to be narrow at surface. The Cristal vein samples showed 9.80 g/t Ag, 0.02% Cu, 0.06% Pb and 0.49% Zn and also was found to be narrow at surface.
The mineralogy of these four structures is similar to that of the Carolay vein. The veins have the same mineralogy so far; the only difference is that some of them have a higher proportion in terms of minerals.
For instance, the Carolay vein has a lot of silver mineralization and high silver values. Rosemary and Paola veins have a higher level of sphalerite and galena therefore revealing high values of zinc and lead. Since the veins have similar mineralogy to the Carolay vein we expect that both Rosemary and Paola veins improve their values of silver.
The exploration plan for the Carolay Project has as its main priority to explore the veins that are outcropping near the old Carolay mine where Geophysical Anomaly #1, registered by the Geophysics study from last year, is located.
Detailed exploration implies mapping outcrops that are limited since most of the area is covered by material that is product of weathering and vegetation. Mapping aims to lead the diamond drilling towards structures in depth. Also, the sampling of this structural expression is being well-used by applying systematic sampling channels in order to verify the lateral and depth extensions of these veins.
"All of this will allow us to better understand the potential of the Carolay property," said Woods. "A report from the current drilling campaign should be ready within the next two weeks."
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."
For further information:
President Sunset Cove Mining
(877) 234-0692; ext. 250