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Sunset Cove Mining Completed First Drill Hole at Carolay

Investing News Network
May. 22, 2012 07:44AM PST
Silver Investing

Sunset Cove Mining (TSX:SSM) reported that the first drill hole of this year’s diamond drill campaign has been completed. The hole was successfully drilled to a depth of 508 meters and has completely crossed the targeted #1 I.P. Anomaly. A new structure was also discovered at 181 meters down-hole measuring 1 meter in true width.

Sunset Cove Mining (TSX:SSM) reported that the first drill hole of this year’s diamond drill campaign has been completed. The hole was successfully drilled to a depth of 508 meters and has completely crossed the targeted #1 I.P. Anomaly. A new structure was also discovered at 181 meters down-hole measuring 1 meter in true width.

As quoted in the press release:

The new vein was found from181.32m – 182.78 meters down-hole. It is described as a 1.46 meter wide milky quartz structure cut by 5% marmatite veins (an iron zinc sulphide and variety of sphalerite).

The Carolay vein was intersected between 228.67 and 229.47 metres down-hole and was found to contain 8 to 10% iron oxide minerals and marmite within quartz veins plus 5% disseminated silver suphides.

The Carolay 1 vein was intersected between 282.75 – 283.25 metres down-hole. The vein appears to be a hydrothermal breccia with its matrix composed of small marmatite veins to 8%, iron oxide veins to 8%, subangular polymictic fragments with an average size of 2.5cm, present calcite dissemination 3%, weak siliceous cement and moderate quartz-sericite alteration.

Sunset Cove President Lorne Woods said:

“The completion of this first hole is providing the technical team with significant information on the geological structures on the Carolay property,” “The logging of the core has confirmed that we have multiple mineralized zones.”

Click here to read the Sunset Cove Mining (TSX:SSM) press release
Click here to see the Sunset Cove Mining (TSX:SSM) profile.

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