The Conversation (0)
Sunset Cove Mining (TSXV:SSM) announced approval from the TSX Venture Exchange for option agreements of three exploration properties in Quebec. With this approval, Sunset Cove is planing a helicopter-borne magnetic and time-domain electromagnetic survey at its Lac Guéret North and West properties graphite properties adjacent to Mason Graphite’s Lac Guéret Property. The Company also announced that Marc Blais, co-founder and Director, is stepping down from those two roles and will be replaced by Mr. Mark Billings, MBA and CFA as a member of the Board of Sunset Cove.
As quoted in the press release:
“We are very happy to announce this approval so that we can now start the planning of our 2015 exploration program that will be directed by APEX Geoscience Ltd.,” said Lorne Woods, President of Sunset Cove. “Our aim is to design a work plan that will include a minimum five hole diamond drill program on high priority targets on the La Pause Property and an Airborne Time Domain Electromagnetic survey on the Lac des Vents Property.”
Both Gold properties are well located in a prolific gold mining area, near existing mining camps and have all of the necessary infrastructure for the exploration programs Sunset will undertake. The la Pause property is located 60km west-northwest of Val-d’Or and 40km east-northeast of Rouyn-Noranda.
The Lac des Vents Property is located 60km southwest of Chibougamau. The property covers the east-west-trending Guercheville Fault and is proximal to the Monster Gold Project, which is subject to ongoing exploration by IAMGOLD and TomaGold Corporation.
In addition, a plan is being created to explore Sunset’s two graphite properties that are adjacent to Mason Graphite’s Lac Guéret Property. Sunset’s Lac Guéret North and West properties and are located on two sides, north and west, of the Mason Property. Mason has reported its results in a Preliminary Economic Assessment last year showing strong potential to develop a graphite mine.
Sunset plans to use a helicopter-borne magnetic and time-domain electromagnetic survey at its graphite properties to identify electromagnetic anomalies and use this data to target prospective areas for further exploration.
As with most junior exploration companies, Sunset has been reducing its burn rate to better utilize their funds towards an exploration program and anticipated 2015 results. To that end we would like to announce that Marc Blais, a co-founder of Sunset and Director, is stepping down from those two roles. This will allow Marc to concentrate his efforts on B&W Milling a private subsidiary of Sunset.
Marc’s contributions to Sunset are innumerable and have had a long lasting impact on all of us who have worked with Marc over the past seven years. He will, however, continue as a key consultant to Sunset.
In his place we are pleased to welcome Mr. Mark Billings, MBA and CFA as a member of the Board of Sunset Cove. Mark is the Chief Executive Officer and Chairman of the Board of Directors of Canamex Resources Corp. and has been involved in the Canadian public markets since 2000.
Click here to read the Sunset Cove Mining (TSXV:SSM) press release
Click here to see the Sunset Cove Mining (TSXV:SSM) profile.