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Sunset Cove Reports Additional Results from the Carolay Vein

^{Published on 2011-02-04 06:25:39 - Market Wire}
 

MONTREAL, Feb. 4 /CNW Telbec/ - (TSX-V:SSM): Lorne Woods, President of Sunset Cove Mining reports the following results from underground samples taken on its silver- polymetallic Carolay Property in the province of La Libertad in Peru.

Twelve channel chip samples were taken across the Carolay Vein in underground workings driven along the vein.  Five of these samples gave values of >100 g/t Ag with associated high values of 0.35% Cu, >1% Pb and >1% Zn across veins widths ranging from 0.3 - 0.5 meters.  (Overlimit values of Ag are pending.) 

Channel chip samples of 1.5 meters in length taken from wall rock immediately adjacent to, but not including the vein, averaged 22.6 g/t Ag, 0.05% Cu, 0.13% Pb, and 0.35% Zn, indicating that sulphide mineralization is not limited to the vein structure

"These results come from samples taken from inside the Carolay Vein show that the hanging and foot walls are mineralized," said Woods. "This news leads us to believe the vein structure could be larger than first thought."

As was previously announced in our News Release of November 4, 2010 the following information comes from our NI 43-101 Technical Report. The Carolay vein is the principal mineralized structure which is oriented northwest-southeast (Az. 120°) with 50-60° dip towards the northeast. The Carolay Vein varies in thickness between 0.4 and 1.2 metres. The vein is known to extend over a length of at least 130 metres from underground drift and subdrifts.

The Carolay Vein consists of a shear zone within schists, phyllites associated with pyrrhotite, argentiferous galena as well as sulphides (pyrites, arsenopyrite) silver tellurides oxides (limonite, goethite, hematite and sphalerite). Hydrothermal alteration (argillitization and chloritization) is observed at the contacts between the mineralized vein and host wall rocks.

The vertical extension was observed between two access adits between levels 2,960 metres and 3,025 metres of at least 65 metres. Along strike, the vein was followed with the 2,972 metre level subdrift and the 2,960 metres access drift (adit) for a minimum of 150 metres.

The deposit would represent syngenetic epithermal polymetallic veins and "mantos" or distal replacement metasomatic zones of base metals (Pb, Zn, Au, Ag, Cu) associated with carbonates, limonite, pyrite, arsenopyrite, chalcopyrite, goethite, pyrrhotite, and vesicular iron rich quartz.

The initial metallogeny is of Neoproterozoic epoch of the Maraňon Complex where the structures transcut the chlorite schists, phyllites and limestones of the Pucara Group. The vein and contact walls are oxidized and mostly enriched in supergene silver.

The structures and textures are characterized and dominated by the presence of banding and strong foliation. The veins are locally intensely silicified and argillitized and contain silver-rich galena and sphalerite with marmatite.

In addition, the Company confirms that as of the Qualifying Transaction, Horwath Leebosh Appel   SENCRL/LLP has been named as the successor auditors of the Company.  Sunset Cove also announces that it has granted 370,000 stock options to a new director and consultants. The options are priced at $ 0.20 and expire five years from their grant.

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.

In addition the NI 43-101 Technical report was produced under the supervision of Mr. Alain-Jean Beauregard of Geologica Inc. an independent consultant and qualified person as designated ny National Instrument 43-101 who has reviewed the technical content of this release.

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.