Carolay Vein Extended by 450 Meters in Length - Five Historic Adits
Discovered North of Original Adit
Two Samples of 178.3 g/t Ag and 153.7 g/t Ag
TORONTO,
Dec. 3, 2012 /CNW Telbec/ - (TSXV:
SSM) (BVL: SSM) Sunset Cove Mining (The "Company") is very
pleased to announce that five previously unknown historic adits
into the Carolay Vein have been discovered by prospecting and
surface mapping. These adits provide an additional 450 meters of
strike length to the main Carolay Vein.
"The discovery of an additional 450 meters of
surface strike length for the Carolay Vein to the northwest of the
main adit is extremely encouraging and is another strong indicator
of the size, persistence and quality of the Carolay vein system , "
said Lorne Woods President of
Sunset Cove. "This type of
exploration development is typical of small scale historic Peruvian
mining. Each of these adits would more than likely have been
constructed to obtain a small bulk sample from the main Carolay
Vein and has provided us with access for further sampling."
The Company is awaiting results for over 350
samples collected from the newly identified adits, which should be
announced shortly. Sunset Cove has
received preliminary assay results for channel samples collected
from the adit NV3062, which has yielded up to 153.7 grams per tonne
(g/t) silver (Ag) over 0.27 meters and 178.3 g/t Ag over 0.19
meters from two separate channel samples..
The five mine entrances and their respective
historic adits are described as Mine Entrance Nv3020, Mine Entrance
Nv3025, Mine Entrance Nv3040, Mine Entrance Nv3062 and Mine
Entrance Nv3070. The numerals reflect the meters above sea level
location of each adit. The Company has undertaken maintenance in
all of the mine entrances in order to avoid any future collapses
while mapping and sampling.
These adits are important to Sunset Cove because they allow observation,
mapping and sampling of the main Carolay Vein over many different
elevations and at significant distances from the main underground
development. The adits and associated underground lateral drifts
provide access to primary vein mineralization that is not affected
by surface weathering and therefore will provide a more reliable
assessment of the overall true grade of the main Carolay
Vein. In our experience, underground sampling of the veins
tends to yield higher and more reliable grades than surface
sampling. The vein has been mapped inside all the lateral drifts
and it represents the same structural feature as the main Carolay
Vein. The mapping combined with 3D modeling indicates that the main
Carolay Vein extends over 400 meters along strike and at higher
elevations than was first known. These discoveries and the new
mapped strike extent of the main Carolay Vein structure spatially
correspond to a strong IP chargeability anomaly ("Anomaly 1"),
which extends from the current mapped workings a further 600 meters
to the northwest.
The historic workings along the Carolay Vein
structure demonstrate that there was intense mining activity over a
number years and that the historic Peruvian miners were searching
for and mining along the surface trace of the Carolay Vein.
Traditionally historic Peruvian miners worked very rich precious
metal veins, and thus to find this number of adits and lateral
drift developments indicates that Carolay Vein structure was an
important historic mining area. The Company plans to continue the
surface prospecting, mapping and sampling along the strike of the
Carolay Vein structure in the hopes of identifying and further
sampling more historic workings. The detailed underground sampling
of these historic workings in combination with selected drill hole
intercepts will be used to calculate a maiden mineral resource that
will then allow the Company to proceed to future decisions for bulk
sampling and mining feasibility work.
A description of the adits follows:
Mine Entrance Nv3020
The adit here measures 1.15 m in average width and it is 1.25 m
tall and 7.25 m deep; the adit has collapsed and it was constructed
along the strike of the Carolay Vein.
Here the Carolay Vein measures 0.40 m in average
width, has a strike of 320° and a dip of 37° to the north. The vein
is composed of quartz, iron-oxide (30%) and manganese (20%)
veinlets, disseminated jarosite (2%), calcite veinlets (1%) and
milky quartz veinlets (1%). The enclosing host volcanics show
strong silicification.
Mine Entrance Nv3025:
The adit here measures 1.10 m in average width and it is 1.10 m
tall by over 50 meters deep. It was constructed along the strike of
the Carolay Vein.
Here the Carolay Vein measures 0.50 m in average
width, has a strike of 320° and a dip of 37° to the north. The vein
is composed of quartz, iron-oxide (35%) and manganese (20%)
veinlets, disseminated malachite (1%), hematite veinlets and
disseminated hematite (2%), calcite veinlets (1%), disseminated
muscovite (2%) and milky quartz veinlets (1%). The enclosing host
volcanics display a quartz-sericite alteration and moderate
silicification with brecciaed texture.
Mine Entrance Nv3040:
The adit here measures 0.67 meters in width and it is 1.10 meters
tall and 10.80 meters deep. It also was constructed along the
strike of the Carolay Vein.
Here the Carolay Vein measures 0.40 m in width,
has a strike of 320° and a dip of 40° to the north. The vein is
composed of quartz, iron-oxide (20%) and manganese (22%) veinlets,
disseminated jarosite (filling cavities) (1%), milky quartz
veinlets (1%), calcite veinlets and disseminated calcite (1%). The
enclosing host volcanics display moderate silicification and
brecciaed texture.
Mine Entrance Nv3062:
The adit here measures 1 meter in average width and 1.40 meters in
average height. So far we know the adit is 15.60 deep and it is
blocked by a rock fall. It was constructed along the strike of the
Carolay Vein.
Here the Carolay Vein measures 1.10 meters in
average width, has a strike of 315° and a dip of 42° to the north.
The vein is composed of quartz, iron-oxide (8%) and manganese (6%)
veinlets, disseminated pyrite (1%), disseminated sphalerite (1%),
marmatite veinlets (1%), disseminated jarosite (1%), baryte
crystals (1%), milky quartz veinlets (1%). The enclosing host
volcanics display moderate silicification.
We have taken a total of 23 channel samples in
10 channels in this adit. Once of the channel samples
returned 178.3 g/t Ag, 0.07% copper (Cu), 6.21% lead (Pb) and
0.70% zinc (Zn) over a width of 0.19 meters, with another channel
sample yielding 153.7 g/t Ag, 0.17% Cu, 1.46% Pb and 0.95% Zn over
a width of 0.27 meters.
Mine Entrance Nv3070:
The adit here and measures 1.30 meters in width and it is 1.40
meters tall and 11.20 meters deep. It was constructed along the
strike of the Carolay Vein.
Here the Carolay Vein has an average width of
0.35 m, has a strike of 320° and a dip of 41° to the north. The
vein is composed of quartz, iron-oxide (18%) and manganese (15%)
veinlets, disseminated jarosite that fills cavities (1%) and milky
quartz veinlets (1%). The enclosing host volcanics display moderate
silicification.
New Map of the Three Important Zones of the
Carolay Property
http://files.newswire.ca/993/New_Adits.pdf
Quality Assurance - Quality Control
The Carolay property exploration program is under the supervision
of Mr. Michael Dufresne., M.Sc.,
P.Geo. of APEX Geoscience Ltd. 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.
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.
"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.
PDF available at:
http://stream1.newswire.ca/media/2012/12/03/20121203_C5518_DOC_EN_21462.pdf