Business & Finance
Fri, February 4, 2011Thu, February 3, 2011Wed, February 2, 2011Tue, February 1, 2011Mon, January 31, 2011Sun, January 30, 2011Sat, January 29, 2011Fri, January 28, 2011Thu, January 27, 2011Wed, January 26, 2011Sunset Cove Reports Results of Samples From a New Breccia Found on The Carolay Property
Published in Business and Finance on Tuesday, February 1st 2011 at 7:35 GMT by Market Wire
MONTREAL, Feb. 1 /CNW Telbec/ - (TSX-V:SSM): Lorne Woods, President of Sunset Cove Mining reports the following results from surface samples taken on its silver- polymetallic Carolay Property in the province of La Libertad in Peru.
"The results that are coming from each of our exploration activities are providing key information regarding the potential of the Carolay property." said Woods. "Each piece is helping us to fill in the picture of what we have."
Carolay Breccia
The company's technical team took three rock chip samples from a steeply dipping brecciated sulphide vein located 625 meters east of and sub-parallel to the Carolay Vein that had been exposed during roadway maintenance.
Samples averaged more than 43 g/t Ag over a 3.25 meter wide section of the breccia. More sampling needs to be undertaken to establish the full width of the breccia zone.
A channel chip sample of 0.25 m width across the breccia zone yielded 91 g/t Ag, >1% Pb and >1% Zn; a second channel chip sample of 1.5 meters length taken from the hanging wall immediately adjacent to, but not including the breccia, ran 33 g/t Ag, 0.49% Pb and >1.0% Zn.
A third channel chip sample of 1.5 meters length was taken in a similar manner from the foot wall and ran 6.4 g/t Ag, 0.15% Pb and 0.82% Zn.
In addition, Sunset submitted one sample from the breccia for metallurgic testing to the laboratory of the National University of Engineering (Universidad National de Ingeniería) "UNI" the results of this test were taken to K.W. QUIMICA GERMANA S.A.C. for verification. Both laboratories are based in Lima, Peru.
The results from the rougher concentrate for silver showed 74.5% recovery with a grade of 10.6 oz/t Ag; results for lead gave 93.0% recovery with a grade of 35.2% Pb. The ore was termed docile with low consumption of chemical reagents and a low presence of contaminants (As, Sb).
Lorne Woods, president of Sunset Cove would also like to welcome Sr. Arnaldo Leon to the Board of the company. Sr. Leon has a long career as a mining consultant and engineer who has worked with the World Bank and the Inter-American Development Bank.
In addition he is the founder of Arnaldo Leon & Associates, a mining consultancy to both Peruvian and International mining companies.
Quality assurance/quality control
Steven Park P. Geo, an independent consultant and qualified person as designated by National Instrument 43-101, has reviewed the technical content of this release. Bratzon Salvador, P.Eng, 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.
We seek Safe Harbor.
About Sunset Cove
Sunset Cove is a mineral exploration company incorporated in Canada that seeks to increase shareholder value through the acquisition, exploration and advancement of potentially large-scale precious metals and copper properties. It has a Peruvian mining portfolio in precious metals and copper, with two properties under contract. One of those properties is the Carolay Polymetallic Silver Property (the "Carolay Property").
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.
