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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 |
| 0.68 | 150.10 | 0.20 | 0.18 | 0.30 |
Quality Assurance
The Carolay property exploration program is under the supervision of Mr. Alain-Jean Beauregard P.Geo. of Geologica Inc. 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., (TSX-V: SSM) 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.
Its flagship property is the Carolay Polymetallic Silver Property where advanced exploration drilling is taking place during 2012. The mineralization found on the Carolay property and the adjacent Marañon sector fits into the model of polymetallic veins and is similar to that found in the highly prospective Coeur D’Alene Silver District in Idaho, which historically has produced more silver than any other Silver District in the U.S.
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.
For further information:
Lorne Woods
President Sunset Cove Mining
(877) 234-0692; ext. 250
[email protected]
www.sunsetcovemining.com
