🕐12.07.12 - 17:00 Uhr

SUNSET COVE FINDS MORE SILVER AT CAROLAY IN ANOMALY #1



Breaking News Release


Breaking News Release

Sunset Cove Finds More Silver at Carolay in Anomaly #1


TORONTO, July 11, 2012 /CNW Telbec/ - Sunset Cove Mining (TSXV: SSM) (BVL: SSM) is pleased to announce the discovery of a new silver vein, Vanessa, where surface sampling shows 312.77 g/t AG, on its Carolay Polymetallic Silver Property. Vanessa is located 60 meters below the Carolay vein with a strike of 325� azimuth and a 56� dip to the northeast.

The mineralogy of the structure is composed of small veins of marmetite 5%, silver sulphides 4%, iron oxides and manganese 8%. The host rock is composed of metavolcanic, associated with a quartz-sericite alteration with strong silicification.

The sampling of two channels, contained in 20 meters of the Vanessa vein outcrop, reported 312.77 g/t silver over 1.22 meters wide at surface.

    Wide   Ag Gr/Tn   Cu %   Pb %   Zn %     0.53   179.40   0.1618   0.3019   1.07     0.32   596.00   0.3686   1.78   1.77     0.16   123.80   0.2701   0.5418   1.4     0.37   548.00   0.5312   0.6831   1.9 Channel 01   1.38   368.38   0.32   0.77   1.49                           0.25   650.00   1.41   1.19   1.15     0.29   225.30   0.1848   0.41   0.13     0.31   63.60   0.1003   0.08   0.17     0.21   34.50   0.0959   0.01   0.22 Channel 02   1.06   240.38   0.43   0.42   0.40                           1.38   268.38   0.32   0.77   1.49     1.06   240.38   0.43   0.42   0.40 Average   1.22   312.77   0.37   0.62   1.02

"Discovering Vanessa continues to prove that our faith in Carolay is being rewarded," said Sunset Cove President Lorne Woods, "but just as important are the new results generated by our continuing surface exploration at Carolay #4, on the Carolay Silver property". As announced in a news release dated March 2, 2012, Sunset reported assay results from the Carolay 4 vein that averaged 351.55 g/t of silver.

The Carolay 4 vein is a structure composed of disseminated marmetite and small veins (8%), associated with iron oxides and manganese (8%). The average grades found in the 15-meter long adit were 351.55 g/t and it is 1.32 meters wide. This vein was discovered close to the surface and only 20 meters from the Carolay adit, and approximately 13 meters from the underground projection of the Carolay vein.

"We are very encouraged that our surface exploration efforts are paying off so well," said Lorne Woods President of Sunset Cove. "The silver grades we are finding both on the surface and underground warrant further investment by Sunset."

In June 2012, surface exploration was undertaken to fully map out the continuation of the Carolay 4 vein. Channels samples were taken up to an additional length of 34 meters. These samples averaged 150.10 g/t silver with the vein measuring 0.68 meters wide.

The Carolay 4 vein as we now know it has a total surface of 49 meters long with an average grade of 282.84 g/t Ag and is approximately 1.00 meter wide. The highlights are sample number 5 which measures 0.6 meter and averaged 505 g/t AG, and sample number 7 with a width of 1.2 meters and averaged 331 g/t of silver.

March 2012 Channel Samples

Banding wide g/t Ag %Cu %Pb %Zn First 0.44 500.36 1.28 0.56 1.25 Second 0.44 50.31 0.08 0.24 0.62 Third 0.43 505.21 0.65 0.37 0.55   1.32 351.55 0.67 0.39 0.81

June 2012 Channel Sample Results

CHANNEL Wide Ag Gr/Tn Cu % Pb % Zn % CHANNEL 1 0.69 204.53 0.31 0.15 0.26 CHANNEL 2 0.48 179.16 0.25 0.11 0.20 CHANNEL 3 0.4 162.29 0.12 0.13 0.85 CHANNEL 4 0.64 27.52 0.03 0.05 0.26 CHANNEL 5 0.6 505.42 0.28 0.57 0.25 CHANNEL 6 0.55 35.68 0.05 0.07 0.20 CHANNEL 7 1.2 331.33 0.74 0.38 0.28 CHANNEL 8 0.63 56.36 0.06 0.05 0.16 CHANNEL 9 0.88 24.85 0.03 0.21 0.19 CHANNEL 10 0.53 66.12 0.10 0.06 0.39 CHANNEL 11 0.68 21.30 0.02 0.05 0.41 CHANNEL 12 0.92 101.99 0.07 0.09 0.33  



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