TORONTO, March 2, 2012 /CNW Telbec/ - (TSXV: SSM) (BVL: SSM) Recent surface exploration by Sunset Cove Mining Inc. ("Sunset Cove") has lead to the discovery of the Carolay 4 structure. It is a north-south vein with an inclination of 80° NE. This vein was found in a drift that is 13-meters long and is close to surface. This drift was exploited sometime in the past. The Carolay 4 vein is located approximately 13 meters above the Carolay vein.
"The discovery of this adit and the new vein by our team is extremely positive news," said Lorne Woods President of Sunset Cove. "In addition the grades returned by assaying are higher than that of the Carolay Vein."
The Carolay 4 vein is a structure composed of three mineralized bands. The first band is characterized by disseminated sulfides and veinlets associated iron and manganese oxides. The second band is composed of rock with veinlets of iron oxides. And the third band is characterized by veinlets of sulfides, iron and manganese oxides.
The average of the grades of the three bandings is 351.55gtAg, 0.67%Cu, 0.39%Pb and 0.81%Zn and measures 1.32 meters in width. Included in the samples was one returning 4,674g/t Ag.
The results were obtained from a systematic sampling program of the underground access infrastructures (drift) in the silver vein. These 22 samples were taken within the adit on the property. The width of the new Carolay 3 silver vein ranges from 0.53 to 2.21 meters over its 13-meter known length. The chip samples were taken every two-meters along the mineralized structure.
It is expected that when the first drill hole is completed we will have more information on the structures lying within the 200 meter wide by 1000 meter long Anomaly 1. Completion of the first drill hole and its results will be delayed by a short period due to heavier than expected rainfall that is also affecting most of the Andean area.
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."
President Sunset Cove Mining
(877) 234-0692; ext. 250