Sunset Cove Announces Exploration Program for 2015
Toronto, Ontario--(Newsfile Corp. - February 27, 2015) - Sunset Cove Mining (TSXV: SSM) today announces that the TSX Venture Exchange has approved the option agreements of three exploration properties in Quebec that had previously been announced by Sunset Cove. This now brings to four the number of properties that are owned by Sunset and located in Quebec.
"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.
About Sunset Cove - Sunset Cove Mining Inc. is a dynamic Canadian junior mineral exploration and development company dedicated to driving shareholder value through the economical acquisition, exploration and development of strategic metals properties in Canada and Latin American locations to the point where they become attractive joint venture or acquisition targets. Sunset currently has four properties in its portfolio, the Lac Guéret West and North graphite properties; the La Pause and Lac des Vents Gold properties in Quebec and the Carolay Silver property in Peru.
Quality Assurance — Quality Control
Sunset Cove's exploration program is under the supervision of Mr. Michael Dufresne, M.Sc., P.Geo. of APEX Geoscience Ltd. 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 Peruvian projects. All technical information for the company's projects is obtained and reported under a formal quality assurance and quality control (QA/QC) program.
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.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information, please contact:
Lorne Woods, President, Sunset Cove Mining
(877) 234-0692; ext. 250