Sunset Cove’s New Results From Carolay
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 a News Release of November 4, 2010 the following information comes from an 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 Mara on 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.
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.
Posted February 4, 2011
