TORONTO, May 22, 2012 /CNW Telbec/ - (TSX: SSM) (BVL: SSM) The first drill-hole of this year's diamond drill campaign has been completed. Drill-hole 007 was successfully drilled to a depth of 508 meters and has completely crossed the targeted #1 I.P. Anomaly. Additionally DDH-007 intersected three structures of which the most important of these being the Carolay Vein at 228 meters down-hole and the Carolay 1 Vein at 282 meters down-hole. A new structure was also discovered at 181 meters down-hole measuring 1 meter in true width.
"The completion of this first hole is providing the technical team with significant information on the geological structures on the Carolay property," said Lorne Woods president of Sunset Cove. "The logging of the core has confirmed that we have multiple mineralized zones."
Sunset expects the results of the assaying of the core to be ready within the next few weeks.
The preparation of the second DDH is underway and it should be collared shortly. It is expected to take less time to complete as the effects of the rainy season have ended. The second hole is designed to cross the know structures at a different angle and will provide more information to Sunset Cove.
Below is a brief description of the three structures intersected in DDH-007:
The new vein was found from181.32m - 182.78 meters down-hole. It is described as a 1.46 meter wide milky quartz structure cut by 5% marmatite veins (an iron zinc sulphide and variety of sphalerite).
The Carolay vein was intersected between 228.67 and 229.47 metres down-hole and was found to contain 8 to 10% iron oxide minerals and marmite within quartz veins plus 5% disseminated silver suphides.
The Carolay 1 vein was intersected between 282.75 - 283.25 metres down-hole. The vein appears to be a hydrothermal breccia with its matrix composed of small marmatite veins to 8%, iron oxide veins to 8%, subangular polymictic fragments with an average size of 2.5cm, present calcite dissemination 3%, weak siliceous cement and moderate quartz-sericite alteration.
In addition Sunset wished to announce that it has dropped the option to the Azulculcna property it had. Upon more due diligence the company decided that the property did not fit the companies exploration requirements.
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