Sunset Cove Reports of the Discovery of High Grade Silver in the
Maria Structure
Two High-grade Channel Samples of 1165 g/t Ag and 1050 g/t
Ag.
TORONTO,
Nov. 21, 2012 /CNW Telbec/ -
(TSXV: SSM) (BVL: SSM) Sunset
Cove is pleased to announce the presence of high grade
silver in channel samples from altered andesite within the Maria
Structure. The Maria structure hosts the May Linn and May Linn1
veins and may be the main feeder structure for the Carolay vein
system. The sampling was conducted in two stages: the first stage
sampling was designed to characterize the mineralogy and alteration
present in the structure. The second stage sampling was focused on
obtaining good weighted average grade information in channel
traverses across the main structure.
The best assay results for both stages were as
follows:
- Two high-grade individual values: 1165 grams per tonne (g/t)
silver (Ag) across 0.3 m and 1050 g/t Ag across 0.30m, with a best
average grade of 78.43 g/t Ag across 4.53 m.
- Four anomalous copper (Cu) values that range from 0.43% Cu to
1.88% Cu.
- Twelve anomalous zinc (Zn) values that range from 1.13% Zn to
2.59% Zn.
The Maria structure is cored by an andesitic
dike that exhibits moderate argillic alteration, strong
silicification and features a dark color likely due to the presence
of mafic minerals and manganese. The Maria structure contains a
hydrothermal alteration assemblage in the form of quartz veinlets
with a variety of sulphides including chalcopyrite and disseminated
tetrahedrite. The Maria structure has a strike of 335° azimuth and
a vertical inclination. The Maria structure measures 6.70 meters
wide on average and its visible outcrop measures 135 meters in
length, and is likely longer but is covered by overburden at either
end of the structure.
"Widespread alteration and polymetallic
mineralization within the Maria structure potentially demonstrates
that the Maria structure was the main hydrothermal feeder zone and
conduit for the fluids that have formed the Carolay vein system and
the multiple silver bearing veins that have been discovered to
date." said Mr. Lorne Woods,
President of Sunset Cove. "This is
another amazing discovery here at Sunset
Cove, as this might prove that the whole of the Carolay
Silver Polymetallic Property is prospective for many more
discoveries of sulphide-quartz veins that should contain precious
metals"
The northwest trending main Maria structure is
cut by a series of crossing normal and reverse faults, which have
created the rocky steps that are found within the exploration area.
The Maria structure has its strike along the Huayobal gorge axis.
The structure cuts across the surrounding metavolcanic rocks. The
structure is in contact with highly schistose metavolcanic rocks at
lower levels.
Sunset Cove will continue surface
exploration with an emphasis on the discovery and the channel
sampling of quartz veins in order to identify drill targets for
precious and non-precious metals. Sunset Cove plans to test the extent and grade
of precious metal mineralization associated with the Maria
structure through an upcoming 10,000-meter diamond drilling
campaign.
| |
WIDTH |
Ag g/t |
Cu % |
Pb % |
Zn % |
Au g/t |
HIGH VALUES IN THE
CHANNEL |
| CHANNEL 1 |
0.30 |
4.27 |
0.01 |
0.01 |
0.02 |
0.01 |
5.7 g/t Ag |
| CHANNEL 2 |
0.30 |
14.40 |
0.06 |
0.00 |
0.01 |
0.01 |
14.4 g/t Ag |
| CHANNEL 3 |
1.43 |
5.40 |
0.01 |
0.01 |
0.05 |
0.01 |
8.4 Ag g/t |
| CHANNEL 4 |
0.55 |
8.06 |
0.01 |
0.01 |
0.02 |
0.02 |
12.9 g/t Ag |
| CHANNEL 5 |
0.59 |
2.37 |
0.01 |
0.00 |
0.03 |
0.02 |
2.8 g/t Ag |
| CHANNEL 6 |
0.26 |
0.70 |
0.01 |
0.01 |
0.03 |
0.01 |
0.7 g/t Ag |
| CHANNEL 7 |
0.23 |
0.60 |
0.01 |
0.01 |
0.09 |
0.01 |
0.6 g/t Ag |
| CHANNEL 8 |
0.24 |
1.70 |
0.01 |
0.02 |
0.32 |
0.01 |
1.7 g/t Ag and 0.32% Zn |
| CHANNEL 9 |
0.66 |
6.94 |
0.01 |
0.02 |
0.06 |
0.02 |
12.8 g/t Ag |
| CHANNEL 10 |
0.65 |
25.36 |
0.04 |
0.01 |
0.03 |
0.02 |
49.7 g/t Ag |
| CHANNEL 11 |
0.32 |
0.20 |
0.01 |
0.01 |
0.05 |
0.01 |
0.2 g/t Ag |
| CHANNEL 12 |
0.96 |
2.32 |
0.01 |
0.02 |
0.15 |
0.01 |
3.8 g/t Ag and 0.26% Zn |
| CHANNEL 13 |
0.30 |
0.60 |
0.01 |
0.01 |
0.58 |
0.01 |
0.6 g/t Ag and 0.58% Zn |
| CHANNEL 14 |
0.72 |
0.91 |
0.01 |
0.01 |
0.03 |
0.01 |
1.3 g/t Ag |
| CHANNEL 15 |
0.33 |
6.30 |
0.03 |
0.07 |
0.78 |
0.01 |
6.3 g/t Ag and 0.78% Zn |
| CHANNEL 16 |
0.30 |
1165.07 |
1.88 |
0.01 |
0.05 |
0.01 |
1165.07 g/t Ag and 1.88% Cu |
| CHANNEL 17 |
0.86 |
2.00 |
0.02 |
0.02 |
0.44 |
0.01 |
2.9 g/t Ag and 0.48% Zn |
| CHANNEL 18 |
0.30 |
2.20 |
0.00 |
0.01 |
0.16 |
0.01 |
2.2 g/t Ag and 0.16% Zn |
| CHANNEL 19 |
0.98 |
4.71 |
0.01 |
0.02 |
1.17 |
0.01 |
9.9 g/t Ag and 1.99% Zn |
Weighted Average Grades - Sampling - Stage
1
| CHANNEL |
WIDTH |
Ag g/t |
Cu % |
Pb % |
Zn % |
HIGH VALUES IN THE
CHANNEL |
| C7 |
0.87 |
1.10 |
0.01 |
0.02 |
0.09 |
2 g/t Ag and 0.2% Zn |
| C4 |
1.72 |
9.71 |
0.03 |
0.01 |
0.01 |
15.6 g/t Ag |
| C1 |
2.46 |
2.84 |
0.01 |
0.07 |
0.22 |
9.3 g/t Ag and 0.44%
Zn |
| C3 |
1.40 |
2.02 |
0.02 |
0.03 |
0.32 |
7.2 g/t Ag and 0.33% Pb and
1.43% Zn |
| C6 |
1.12 |
26.35 |
0.13 |
0.01 |
0.03 |
92.4 g/t Ag and 0.43%
Cu |
| C2 |
2.18 |
11.71 |
0.01 |
0.04 |
0.20 |
22.8 g/t Ag and 0.35%
Zn |
| C5 |
4.91 |
10.26 |
0.02 |
0.01 |
0.09 |
54.4 g/t Ag and 0.26%
Zn |
| C8 |
4.20 |
4.54 |
0.01 |
0.01 |
0.06 |
6.2 g/t Ag and 0.13%
Zn |
| C9 |
3.35 |
6.63 |
0.01 |
0.01 |
0.17 |
18.9 g/t Ag and 0.49%
Zn |
| C10 |
4.53 |
78.43 |
0.08 |
0.01 |
0.05 |
1050 g/t Ag and 0.71% Cu and
0.11% Zn |
| C11 |
7.71 |
2.26 |
0.01 |
0.04 |
1.03 |
8.9 g/t Ag and 0.13% Pb and
2.59% Zn |
Weighted Average Grades - Sampling - Stage
2
Graphic representation of the vein system at the Carolay
Project.
http://files.newswire.ca/993/Carolay_Project.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/2012/11/21/20121121_C2292_DOC_EN_21032.pdf