MONTREAL, Dec. 16 /CNW Telbec/ - (TSX-V: SSM): Lorne Woods, President of Sunset Cove Mining is proud to announce that a 6000-meter diamond drill program is about to begin on its Silver Polymetallic Carolay Property in the province of La Libertad in Peru.
Explo Drilling of Arequipa, Peru has already been mobilized to the property near Ushnobal in North Eastern Peru. They should arrive and be in place to drill by December the 17th, 2010.
This drilling program is based on the results and recommendations obtained from the I.P. survey performed by VDG Del Perù SAC during the summer of 2010 on the Carolay property. "This is the first time anyone has drilled the Carolay property," said Lorne Woods, President and CEO of Sunset Cove Mining, "we look forward to the results which we think will validate our rationale of exploring here."
The I.P. survey identified two anomalies, I.P. #1 and I.P. #2, that have been selected as drilling targets by Sunset. The proposed drilling program is aimed at exploring the mineral potential of both anomalies. The first drilling site has been selected for its close proximity to the two anomalies and will allow us to drill into the two anomalies with minimal disruption and down time.
The first anomaly (IP #1) appears to be an extension of the Carolay vein, which is partially exposed along a strike length of 150 meters by a drift and two sublevels. The vein corresponds to a chargeability anomaly that extends over 1 Km in length, over the property, and remains open towards the northwest.
The chargeability anomaly has an average width of 200 meters and indicates that disseminated sulfides may be found in both the foot and hanging walls and that higher sulfide concentrations are found in the center of the anomaly.
The second chargeability anomaly (IP #2) is located to the southeast of the Carolay vein; it has been described as having the strongest chargeability anomaly of the current survey. It extends over 600 meters in width and remains open at the southeast end.
The amplitude of the chargeability response, leads Sunset Cove to believe that the sulfide content associated to this anomaly could be higher than that of the Carolay Vein. Sunset Cove's NI 43-101 Technical Report, which can be found on SEDAR, has confirmed results from the Carolay Vein obtained by previous campaigns that indicates sliver values varying from 35 to 844 g/t, zinc values from 0.211% to 3.68%, lead values from 0.0349% to 3.10% and copper values from 0.0147% to 0.36%.
"Our technical team believes that by drilling we will possibly generate higher mineral values than our sampling has produced to date, said Woods."
The evidence to date tells Sunset that both anomalies (IP-1 & IP-2) are connected. The company hopes to be able to further define the connection from this initial diamond drill program.
QUALITY ASSURANCE - QUALITY CONTROL
The Carolay Property Exploration Program is under the supervision of Mr. Alain-Jean Beauregard P. Geol. 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.
About Sunset Cove
Sunset Cove is a mineral exploration company incorporated in Canada that seeks to increase shareholder value through the acquisition, exploration and advancement of potentially large-scale precious metals and copper properties. It has a Peruvian mining portfolio in precious metals and copper, with two properties under contract. One of those properties is the Carolay Poylmetallic Silver Property (the "Carolay Property").
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.
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