TORONTO, Sept. 20, 2012 /CNW Telbec/ - (TSXV: SSM) (BVL: SSM) Mr. Lorne Woods, president of Sunset Cove, is pleased to report additional assay results from the recently discovered Lindsay Vein (see SSM news release dated Aug 21, 2012) at the Carolay Silver Polymetallic property located in the department of La Libertad, Peru.
The exposed portion of the Lindsay vein, which measures 13 metres wide and is open to the north-west, is structurally complex, containing both banded and brecciated textures and mineralized veinlets of sphalerite, galena and iron-manganese oxides. The vein has a strike of 277° azimuth and a dip of 65° north-east.
Three channel samples have returned the following results.
|Width (m)||g/t Ag||% Cu||%Pb||%Zn||g/tAu|
The sulfide structure returned a weighted average grade of 25.20 grams per tonne (g/t) silver (Ag), 0.02 percent (%) copper (Cu), 0.02% lead (Pb) and 0.03% zinc (Zn).
Adjacent is a second structure that consists of wallrock with a small horizontal vein that contains iron oxides; the assay results yielded low Ag and Zn values but one of the samples returned anomalous gold (Au) values with a single channel sample yielding 1.99g/t Au over 0.25-meters.
The third structure in the trench is a hydrothermal breccia. The breccia yielded a weighted average grade for the channel samples of 4.63g/t Ag, 0.01% Cu, 0.01% Pb and 0.04% Zn over a 2.85 meters.
"These assay results along with extensive alteration and the presence of hyrothermal breccias at the Lindsay vein are very encouraging," said Lorne Woods, President of Sunset Cove. "The understanding we have now about the Lindsay vein is leading us to call it a structure. Also it is the first very large mineralized zone we have found on the property to date."
Field exploration is being planned around the Lindsay and Maria vein complex and will include mapping, trenching and assaying to determine the surface grade and continuity of the structures. Development work including road building and drill pad construction will begin shortly in anticipation of a drill campaign commencing in October.
Quality Assurance - Quality Control
The Carolay property exploration program is under the supervision of Mr. Michael Dufrense., M.Sc., P.Geol. 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