Channel Samples Include Three over 464g/t of Silver
TORONTO, Oct. 3, 2012 /CNW Telbec/ - (TSXV: SSM) (BVL: SSM) Mr. Lorne Woods President of Sunset Cove reports the following assay results from the recently discovered MayLinn and MayLinn 1 veins. These two veins are in addition to the 13 veins and structures recently discovered in the Anomaly 2 sector of the Carolay property.
The sampling along these structures indicates the presence of widespread silver mineralization with some areas of very high grades. The May Linn vein yielded a best channel result of 473.8 g/t Ag over a width of 1.1 meters. The May Linn 1 vein yielded two high channel results, the first of 518.96 g/t Ag over a width of 0.77 m and the second of 464.5 g/t Ag over a width of 1.67 meters.
"The two MayLinn veins seem to have been fed from the Maria structure which has a North-South direction. Given their shape, the veins are likely either sills or mantos, said Mr. Woods."
Assay results received to date for the May Linn vein from a total of 68 samples from19 vertical channels in the structure returned an average of 29.33grams per tonne (g/t) silver (Ag) over an average width of 1.41 meters.
Assay results received for the MayLinn 1 vein from a total of 262 samples from 59 vertical channels in the structure returned an average of 23.15g/t Ag across an average width of 1.55 meters wide in the MayLinn 1 vein.
"The results we are talking about today are positive and contribute to our understanding of the Maria structure. The consistency of the grade and the width for both veins over a significant strike length are both encouraging," said Woods. "There are a few, very high grade results and we are looking at those areas right now hoping to improve our understanding of the structures and expand upon the high grade results."
The two veins are perpendicular to the Maria structure and are found to be parallel to each other. The MayLinn vein has an azimuth of 260° and a dip of 32° to the north. It is exposed at surface for 20 meters where the channel samples were taken. It is located above one of the many faults that cross the Maria structure. These faults have caused the Maria structure to resemble a staircase as it drops further into the gorge.
The MayLinn 1 vein has an azimuth of 64° and a dip of 34° southeast. It was found just below the lip of the drop-off in the Maria structure. The channel samples were collected over a strike length of 130 meters from both sides of the gorge. Please see attached graphics for more info. As reported on August 21, 2012, the surface exploration work has discovered some 13 new veins and structures in the Anomaly 2 sector of the property. The results of these discoveries will be announced over the coming weeks and as they proceed they are helping Sunset Cove to put together a better understanding of the geological structures on the property. Sunset Cove's management believes strongly that the results to date warrant aggressive exploration and the decision to proceed with further exploration on the property will return more positive results in the future.
Quality Assurance - Quality Control
The Carolay property exploration program is under the supervision of Mr. Michael Dufrense of Apex Geoscience 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.
For further information:
President Sunset Cove Mining
(877) 234-0692; ext. 250