TORONTO, Nov. 15, 2011 /CNW Telbec/ - (TSXV: SSM) (BVL: SSM) Sunset Cove is pleased to announce that it has expanded its land holdings at the Carolay Silver Polymetallic Property in La Libertad, Peru to 5784 hectares. "Over the last 12 months our exploration program has discovered two additional mineralized sectors," said Sunset Cove President Lorne Woods, "to go with the Carolay Sector. These additional favourable areas were therefore acquired."
"Our exploration work led us to believe that the Carolay Vein was not the only significant mineralization on the property or on the newly acquired holdings, which are called the Marañon and Humberto Sectors."
At the Carolay Sector itself, mapping and exploration has shown in Anomaly One that the silver and polymetallic veins correspond to syngenetic epithermal polymetallic veins and "mantos" or distal replacement, seven metasomatic zones of base metals, lead, zinc, silver , gold and copper, associated with carbonite, limonite, pyrite, arsenophyte, goethite, pyrrhotie and vesicular iron rich quartz. The vein contact walls are oxydized and mostly enriched in supergene silver.
At Carolay Anomaly Two, near Huayobal, copper minerals such as chalcopyrite, malachite, azurite and sulphides (pyrite) occur as disseminations and veinlets in small stockworks and associated potassic and phyllic alterations (quartz-sericte).
Surface mapping will continue over the next few months with the purpose of obtaining a better interpretation of the structural model and to verify the continuity and the possibility of additional parallels veins.
Drilling undertaken here will try to better understand the relationship of the two chargeability anomalies. All drill holes will be drilled to a minimum depth of 300 meters.
The geophysic map shows the mineralogical trend represented by magnetic bodies toward the NE and in addition, the possible lateral extension of the Carolay Vein towards the SE. The lateral extension of the Carolay Vein will be drill tested for some 2.2 Km.
Surface sampling has continued for most of the past six months. Samples were taken alongside the road where Anomaly 2 and DDH CA 11-07 were drilled, to determine the continuity and presence of additional surface mineralization.
The Marañon Sector
The Marañon Sector is 1700 hectares in size and lies to the northeast of the Carolay Vein, close to producing mines near the Marañon River. Initial surface sampling carried on at Maranon has shown high surface oxidation traces which were taken as referential samples on quarternary material. Vast alteration areas between iron oxides and argillic alterations were discovered with anomalous assay results in gold, silver, copper, lead and zinc.
A community approval meeting was held with the people of Alizar who granted Sunset Cove authorization to carry out surface exploration on their lands.
This means that reconnaissance work including geochemical sampling in search of anomalous outcrop alterations and intrusive rocks, as well as geological mapping with an emphasis on structure, can now be carried out.
This will provide full information on all the structural anomalies in the area. In addition, we will follow up with geophysical surveys, additional Mag and I.P., and surface sampling. This will provide the information we need to determine the diamond drilling program for this area.
The Humberto Sector
The Humberto Sector is 1600 hectares in size and lies to the west of the Carolay Vein. It shows surface indications of a breccia that extends from east to west for roughly 550 metres and close to 800 metres from north to south. Initial exploration through surface sampling has revealed superficial traces of a breccia that runs approximately 500 metre east to west and approximately 800 metres from north to south.
The breccia is of tectonic origin and consists of carbonate cement and fragments of silicified limestone, schist, sandstone, volcanic and meta volcanic rock, which at the same time are strongly oxidized and altered. The breccia represents an excellent structural metallotect.
Surface sampling, breccia mapping and geophysical survey will require about 3 months and should be completed in mid-2012.
"Our exploration program will focus on defining and exploring the Carolay Vein and associated parallel structures and extensions as well as on the initial exploration on the Humberto and the Marañon Sectors," said Woods.
Please see the link to a map of the Carolay property.
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, with two properties under contract.
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."
PDF with caption: "Map of zones Humberto, Carolay and Marañon". PDF available at: http://stream1.newswire.ca/media/2011/11/15/20111115_C5701_DOC_EN_6677.pdf