Sunset Cove Acquires Gold Property in the Gold Rich Abitibi Area of Quebec
Toronto, Ontario--(Newsfile Corp. - December 24, 2014) - Sunset Cove Mining (TSXV: SSM) today announces that it has finalized agreements to acquire 100% of the La Pause Property owned by Cartier Resources (TSXV: ECR). This property is very well located in a well known long time Gold producing area of Quebec.
"We are purchasing this property now and are looking for others to allow us to start to build a portfolio of Quebec based mining properties," said Lorne Woods President of Sunset Cove Mining. "We feel the timing is right to start doing some work in our backyard and believe that this Gold property will work well in combination with our graphite properties to give us a balance of mineral types."
The La Pause property, made up of 36 claims and covering 1, 598 ha. is located only 2Kms from the Mouska Mine, currently owned by Iamgold, and very close to two mining centers where mining activity has been going on for 100+ years; the Doyon-Bousquet-La Ronde gold mining complex and the prolific Larder Lake-Cadillac Break area.
Recent exploration work performed in 2012 by Cartier has identified ten high priority drill ready targets on the la Pause Property. Sunset expects to be able to put together the exploration program with APEX Geoscience early in the new year.
This transaction and the related share issuances are subject to approval of the TSX Venture Exchange. Ms. Michelle Deakin, M.Sc., P.Geo., of APEX Geoscience Ltd., has reviewed and approved the technical content of this news release.
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 two properties in its portfolio, the Lac Guéret West graphite property 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.
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.
"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
lwoods@sunsetcovemining.com
www.sunsetcovemining.com