More High-grade Results Found From 93g/t and 569 g/t to 1308
g/t of Silver
TORONTO,
Oct. 31, 2012 /CNW Telbec/ -
(TSXV: SSM) (BVL: SSM) Sunset
Cove is pleased to announce the completion of the surface
channel sampling in the Lindsay structure at the Carolay Silver
Polymetallic Property in the Department of La Libertad,
Peru. Highlights include several
channels with potentially economic grades of silver with up to
259.2 grams per tonne (g/t) silver (Ag) across 3.07 meters
including 0.40 meters of 1308 g/t Ag and 135.1 g/t Ag across 1.42
meters in two separate trenches (Table 1).
Channel sampling was conducted in ten (10)
trenches over an area approximately 32 meters wide by 42 meters
long; additional sampling was conducted in a small adit. The
exposed Lindsay structure and vein is approximately 830 m southeast
of the main Carolay Vein and is at an elevation approximately 525 m
below the exposed Carolay Vein. Please see attached map of the
veins and structures.
The exposed portion of the Lindsay structure,
which measures 13 metres wide and is open to the northwest, is
structurally complex, containing both banded and brecciated
textures, high sulphide zones and mineralized veinlets of
sphalerite, galena and iron-manganese oxides. Much of the trenched
and channel sampled material in the trenches is altered and
potentially leached of metals.
The main Lindsay Structure has a strike of 277
degrees and a dip of 65 degrees northeast and may represent the
main feeder structure to the Carolay system of veins. The channel
sampling to date has yielded a number of very high-grade individual
samples with potentially economic grades including the
following:
- Channel 6-B: 109.6 g/t and 134.1 g/t Ag
- Channel 7: 1308 g/t and 253 g/t Ag
- Channel h: 99.5 g/t Ag
- Channel i: 93 g/t Ag
- Channel j: 174.2 g/t Ag
- Channel k: 569 g/t Ag
- Channel m: 177.1 g/t Ag
"These results demonstrate that the Lindsay
Structure is potentially the feeder zone to the main Carolay Vein
System and yields both a broad disseminated mineralized zone of
silver and base metals along with many higher grade veins and zones
within the structure," said Mr. Lorne
Woods, President of Sunset
Cove. "The size of the area that has been sampled and its
proximity to the Maria Structure and the MayLinn and MayLinn1 veins
seem to outline a broad and well mineralized deep feeder zone and
are changing the way we look at this part of the property."
The Lindsay structure contains veinlets that
have northwest, northeast and north-south directions with silver,
zinc and copper values as well as anomalous gold values (highest
value of 1.99 g/t) in the quartz veinlets. Increased gold values
correlate directly with high levels of arsenic in the veinlets.
| |
Description |
WIDTH |
g/t Ag |
%Cu |
%Zn |
g/t Au |
HIGH SILVER VALUES REGISTERED |
*SULFIDE
STRUCTURE |
CHANNEL 6 |
3.05 |
2.27 |
0 |
0.02 |
0.02 |
Ag (8 g/t) |
| CHANNEL 6-A |
0.96 |
15.11 |
0.02 |
0.63 |
0.01 |
Ag (61.4 g/t) |
| CHANNEL 6-B |
0.82 |
90.87 |
0.08 |
0.07 |
0.01 |
Ag (109.6 and 134.1
g/t) |
| CHANNEL 6-C |
1 |
8.76 |
0.01 |
0.1 |
0.16 |
Ag (23.1 g/t) |
| CHANNEL 1 |
0.92 |
1.71 |
0 |
0.02 |
0.01 |
Ag (2.5 g/t) |
| CHANNEL 2 |
1.91 |
0.62 |
0 |
0.03 |
0.03 |
Ag (2.4 g/t) |
| CHANNEL 3 |
1.15 |
0.2 |
0 |
0.01 |
0.01 |
Ag (0.2 g/t) |
| CHANNEL 4 |
2.66 |
0.66 |
0 |
0.01 |
0.04 |
Ag (3.5 g/t) |
| CHANNEL 5 |
3.01 |
1.21 |
0 |
0.02 |
0.02 |
Ag (3.5 g/t) |
| CHANNEL 7 |
3.07 |
259.21 |
0.25 |
0.15 |
0.01 |
Ag (1308 and 253
g/t) |
| CHANNEL 20 |
2.55 |
2.47 |
|
0.05 |
|
Ag (7 g/t) |
| |
*HYDROTHERMAL
BRECCIA |
CHANNEL 13 |
1.31 |
14.5 |
0.04 |
0.13 |
0.02 |
Ag (34.7 g/t) |
| CHANNEL 12 |
3.16 |
11.16 |
0.02 |
0.08 |
0.02 |
Ag (60.8 g/t) |
| CHANNEL 11 |
3.64 |
1.21 |
0 |
0.03 |
0.01 |
Ag (3.2 g/t) |
| |
CHANNELS BETWEEN
*THE HYDROTHERMAL
BRECCIA AND THE
SULFIDE STRUCTURE |
CHANNEL 8 |
2.69 |
6.02 |
0.01 |
0.11 |
0.01 |
Ag (21.4 g/t) |
| CHANNEL 10 |
2.47 |
2.26 |
0 |
0.02 |
0.02 |
Ag (3.9 g/t) |
| CHANNEL 9 |
1.04 |
0.85 |
0 |
0.01 |
0.54 |
Ag (1.5 g/t) |
| |
LOW ANGLE
STRUCTURE |
CHANNEL 14 |
2.78 |
23.26 |
0.03 |
0.65 |
0.01 |
Ag (73.7 g/t) |
| CHANNEL 15 |
1.79 |
1.62 |
0 |
0.02 |
0.04 |
Ag (2.5 g/t) |
| CHANNEL 16 |
6.3 |
6.33 |
0.01 |
0.02 |
0.02 |
Ag (32.8 g/t) |
*SAMPLING
CHANNELS
IN THE
SURROUNDINGS |
A |
6.22 |
1.52 |
0 |
0.03 |
0.01 |
Ag (3.8 g/t) |
| B |
3.26 |
3.11 |
0.01 |
0.03 |
0.01 |
Ag (10 g/t) |
| C |
4.26 |
0.48 |
0.01 |
0.08 |
0.01 |
Ag (1 g/t) |
| D |
6.01 |
15.18 |
0.02 |
0.11 |
0.01 |
Ag (73.4 g/t) |
| E |
3.19 |
3.81 |
0.01 |
0.03 |
0.01 |
Ag (5.7 g/t) |
| F |
1.51 |
5.26 |
0.01 |
0.14 |
0.01 |
Ag (12.3 g/t) |
| G |
1.9 |
2.46 |
0.01 |
0.02 |
0.01 |
Ag (2.9 g/t) |
| H |
0.89 |
32.54 |
0.03 |
0.48 |
0.01 |
Ag (99.5 g/t) |
| I |
1.32 |
34.26 |
0.05 |
0.72 |
0.01 |
Ag (93 g/t) |
| J |
0.64 |
45.83 |
0.07 |
0.1 |
0.03 |
Ag (174.2 g/t) |
| K |
1.42 |
135.05 |
0.08 |
0.76 |
0.01 |
Ag (569 g/t) |
| L |
2.94 |
5.16 |
0.02 |
0.07 |
0.04 |
Ag (10 g/t) |
| M |
0.27 |
177.1 |
0.1 |
0.25 |
0.01 |
Ag (177.1 g/t) only one result |
* The samples were classified in four different
groups: Sulphide Structure, Hydrothermal Breccia, Low Angle
Structure and Nearby Channels.
The structural Geology observed for the Lindsay
structure is similar to a number of veins and structures of the
Pataz Batholith, which is characterized by the presence of vein
structures and stockworks with northwest, northeast and north-south
directions. The mineralogy and geochemistry of the Lindsay
structure (arsenic, pyrite, quartz, iron oxides, manganese and
sporadically lead minerals) is also similar to that of the Pataz
Batholith, where mining dates back to the 19th Century and is
currently producing more than 42,000 ounces of Gold monthly. The
gold in the Pataz Batholith is spatially associated with quartz and
pyrite.
The widespread silver and base metal
mineralization with sporadic gold values associated with the
Lindsay structure likely indicate a hydrothermal flow coming up
from lower levels. Gold values in the Lindsay structure are better
than those of the Carolay structures located at the higher levels.
The mineralogy of the Lindsay-Carolay Structure seems to be
changing with depth and may indicate that better potential exists
for gold lower in the system from areas that are near the San
Sebastian River located at 1,800 m.a.s.l. The recent IP survey also
indicates an increase in widespread chargeability with depth in the
vicinity of the San Sebastian River. This could be due to
alteration and/or the presence of increased amounts of pyrite.
The Huayobal Gorge, in the vicinity of the San
Sebastian River, will be a priority for future exploration with a
focus on alteration and structures with quartz and pyrite.
Quality Assurance - Quality Control
The Carolay property exploration program is under the supervision
of Mr. Michael Dufresne., M.Sc.,
P.Geo. of Apex Geoscience 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.
Image with caption: "12-10-31-Final map (CNW Group/SUNSET COVE MINING INC.)". Image available at:
http://photos.newswire.ca/images/download/20121031_C3455_PHOTO_EN_19874.jpg