TORONTO, Feb. 20, 2013 /CNW Telbec/ - (TSXV: SSM)
(BVL:SSM) Sunset Cove is pleased
to announce that it has discovered a new artisanal adit located
near the San Sebastian River at the base of the Carolay Silver
Polymetallic property.
"The discovery of this new adit with apparent polymetallic
mineralization during our exploration is very encouraging, " said
Lorne Woods, President and CEO of
Sunset Cove. "Its discovery means
that the Carolay Vein system has been traced over several
kilometers in length and now over several hundred meters of
vertical extent and is proving to be an extensive mineralized
system."
The entrance to the adit is found at 2028 meters above sea level
and measures 1.40 meters wide by 1.60 meters high and is 4.50
meters deep. The adit in the mine entrance has a strike of 57°North
and a dip of 55°Southeast and seems to follow a mineralized
tensional structure that is in the metasediment in the gneiss. This
tensional structure features strong silification with veinlets of
quartz, galena and stibinite and visible sulfur dissemination and
stockworks of iron-oxide and manganese-oxide veinlets.
The gneissic country rock features strong silification along
with sericite alteration. Sulfides are present in fractures and
faults.
It is possible that the San Sebastian River may be hosted in a
larger fault zone and that tensional structures associated with the
fault zone cross the gneiss and schist and are mineralized. Theses
mineralized tension structures may represent excellent
opportunities for the discovery of polymetallic mineralization of
the Carolay system over excellent widths.
The Target warrants further exploration and perhaps with more
work wider mineralized structures maybe discovered. The San
Sebastian River discovery also demonstrates that polymetallic
mineralization is not only present in the metavolcanic rocks but
may also be present in the gneisses.
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.