Sunset Cove Finds More Silver at Carolay in Anomaly #1
July 11 2012 - 2:21AM
PR Newswire (Canada)
TORONTO, July 11, 2012 /CNW Telbec/ - Sunset Cove Mining (BVL: SSM)
is pleased to announce the discovery of a new silver vein, Vanessa,
where surface sampling shows 312.77 g/t AG, on its Carolay
Polymetallic Silver Property. Vanessa is located 60 meters below
the Carolay vein with a strike of 325° azimuth and a 56° dip to the
northeast. The mineralogy of the structure is composed of small
veins of marmetite 5%, silver sulphides 4%, iron oxides and
manganese 8%. The host rock is composed of metavolcanic, associated
with a quartz-sericite alteration with strong silicification. The
sampling of two channels, contained in 20 meters of the Vanessa
vein outcrop, reported 312.77 g/t silver over 1.22 meters wide at
surface. Wide Ag Gr/Tn Cu % Pb % Zn % 0.53 179.40 0.1618 0.3019
1.07 0.32 596.00 0.3686 1.78 1.77 0.16 123.80 0.2701 0.5418 1.4
0.37 548.00 0.5312 0.6831 1.9 Channel 01 1.38 368.38 0.32 0.77 1.49
0.25 650.00 1.41 1.19 1.15 0.29 225.30 0.1848 0.41 0.13 0.31 63.60
0.1003 0.08 0.17 0.21 34.50 0.0959 0.01 0.22 Channel 02 1.06 240.38
0.43 0.42 0.40 1.38 268.38 0.32 0.77 1.49 1.06 240.38 0.43 0.42
0.40 Average 1.22 312.77 0.37 0.62 1.02 "Discovering Vanessa
continues to prove that our faith in Carolay is being rewarded,"
said Sunset Cove President Lorne Woods, "but just as important are
the new results generated by our continuing surface exploration at
Carolay #4, on the Carolay Silver property". As announced in a
news release dated March 2, 2012, Sunset reported assay results
from the Carolay 4 vein that averaged 351.55 g/t of silver. The
Carolay 4 vein is a structure composed of disseminated marmetite
and small veins (8%), associated with iron oxides and manganese
(8%). The average grades found in the 15-meter long adit were
351.55 g/t and it is 1.32 meters wide. This vein was discovered
close to the surface and only 20 meters from the Carolay adit, and
approximately 13 meters from the underground projection of the
Carolay vein. "We are very encouraged that our surface exploration
efforts are paying off so well," said Lorne Woods President of
Sunset Cove. "The silver grades we are finding both on the surface
and underground warrant further investment by Sunset." In June
2012, surface exploration was undertaken to fully map out the
continuation of the Carolay 4 vein. Channels samples were taken up
to an additional length of 34 meters. These samples averaged 150.10
g/t silver with the vein measuring 0.68 meters wide. The Carolay 4
vein as we now know it has a total surface of 49 meters long with
an average grade of 282.84 g/t Ag and is approximately 1.00 meter
wide. The highlights are sample number 5 which measures 0.6 meter
and averaged 505 g/t AG, and sample number 7 with a width of 1.2
meters and averaged 331 g/t of silver. March 2012 Channel Samples
__________________________________ |Banding|wide|g/t Ag| %Cu| %Pb|
%Zn| |_______|____|______|____|____|____| |First
|0.44|500.36|1.28|0.56|1.25| |_______|____|______|____|____|____|
|Second |0.44| 50.31|0.08|0.24|0.62|
|_______|____|______|____|____|____| |Third
|0.43|505.21|0.65|0.37|0.55| |_______|____|______|____|____|____| |
|1.32|351.55|0.67|0.39|0.81| |_______|____|______|____|____|____|
June 2012 Channel Sample Results
_______________________________________ |CHANNEL |Wide|Ag Gr/Tn|Cu
%|Pb %|Zn %| |__________|____|________|____|____|____| |CHANNEL 1
|0.69| 204.53 |0.31|0.15|0.26|
|__________|____|________|____|____|____| |CHANNEL 2 |0.48| 179.16
|0.25|0.11|0.20| |__________|____|________|____|____|____| |CHANNEL
3 |0.4 | 162.29 |0.12|0.13|0.85|
|__________|____|________|____|____|____| |CHANNEL 4 |0.64| 27.52
|0.03|0.05|0.26| |__________|____|________|____|____|____| |CHANNEL
5 |0.6 | 505.42 |0.28|0.57|0.25|
|__________|____|________|____|____|____| |CHANNEL 6 |0.55| 35.68
|0.05|0.07|0.20| |__________|____|________|____|____|____| |CHANNEL
7 |1.2 | 331.33 |0.74|0.38|0.28|
|__________|____|________|____|____|____| |CHANNEL 8 |0.63| 56.36
|0.06|0.05|0.16| |__________|____|________|____|____|____| |CHANNEL
9 |0.88| 24.85 |0.03|0.21|0.19|
|__________|____|________|____|____|____| |CHANNEL 10|0.53| 66.12
|0.10|0.06|0.39| |__________|____|________|____|____|____| |CHANNEL
11|0.68| 21.30 |0.02|0.05|0.41|
|__________|____|________|____|____|____| |CHANNEL 12|0.92| 101.99
|0.07|0.09|0.33| |__________|____|________|____|____|____| | |0.68|
150.10 |0.20|0.18|0.30| |__________|____|________|____|____|____|
Quality Assurance 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
properties in proven Latin American locations to the point where
they become attractive joint venture or acquisition targets. Its
flagship property is the Carolay Polymetallic Silver Property where
advanced exploration drilling is taking place during 2012. The
mineralization found on the Carolay property and the adjacent
Marañon sector fits into the model of polymetallic veins and is
similar to that found in the highly prospective Coeur D'Alene
Silver District in Idaho, which historically has produced more
silver than any other Silver District in the U.S. Forward-Looking
Statements 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. SUNSET COVE MINING
INC. CONTACT: Lorne WoodsPresident Sunset Cove Mining(877)
234-0692; ext.
250lwoods@sunsetcovemining.comwww.sunsetcovemining.com
Copyright