Viscount Mining Adds To Silver Cliff Land Position
PRESS RELEASE August 22, 2018
Viscount Mining Adds To Silver Cliff Land Position
Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is
pleased to announce it has signed an agreement acquiring leases on an additional 22.5 acres of patented
claims in the Hardscrabble District as part of the ongoing enrichment of their Silver Clif f silver project in
Colorado. Terms of the agreement include claim payments and a 1.5% NSR. These claims have previously
not been available to Viscount for exploration. These claims bridge the continuity and access to the Kate
extension which is a highly prospective mineral tenure contiguous with the Silver Cliff claim block. The
claims are located on the south west side of the Kate deposit. This acquisition increases the size of the Silver
Cliff land package to 2319.48 acres.
Viscount is currently in the planning stages for a drill program at Silver Cliff to expand the indicated and
inferred mineral resource of 12,704,800 ounces of silver announced May 30th of this year. This next phase
will continue to confirm the historical data reported by Tenneco in order to expand the current resource.
Between 1987 and 1990 Tenneco Minerals completed a feasibility study after an intensive drilling
campaign and announced plans to construct a $35 million mill at Silver Cliff.
This was the year before the parent company, Tenneco, decided to divest their mineral interests so the
decision was reversed in 1991.
Mark Abrams Viscount Director and Geologist stated “The acquisition of this claim block is likely to
contribute to the expansion of the Kate deposit. These additional claims will greatly aid in the development
of additional targets.”
Viscount also announces that it has applied to the TSX Venture Exchange for approval to extend the expiry
date of 5,000,000 common share purchase warrants that were issued as part of a non -brokered private
placement completed by the Company in August 2017. The Warrants are exercisable for common shares
of Viscount at a price of $0.35 per share. The Company is proposing to extend the expiry date of the
warrants by an additional two Years (2) to 4:30 p.m., Vancouver time on August 29, 2020. All other terms
and conditions of the warrants, including the exercise price, will remain the same. The proposed extension
of the expiry is conditional upon the receipt of Exchange approval.
About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)
Viscount Mining is a project generator and an exploration company with a portfolio of silver and gold
properties in the Western United States, including Silver Cliff in Colorado and Cherry Creek in Nevada.
The Silver Cliff p roperty in Colorado lies within the historic Hardscrabble Silver District in the Wet
Mountain Valley, Custer County, south-central Colorado. It is located 44 miles WSW of Pueblo, Colorado,
and has year-around access by paved road. The property consists of 2319.48 acres where high grade silver,
gold and base metal production came from numerous mines during the period 1878 to the early 1900’s. The
property underwent substantial exploration between 1967 and 1984.
The property is interpreted to encompass a portion of a large caldera and highly altered sequence of Tertiary
rhyolitic flows and fragmental units which offers potential to host deposits with both precious and base
metals. This has been demonstrated in the mineralization historically extracted fr om the numerous
underground and surface mining operations. Drilling in the 1980s by Tenneco resulted in a historical pre -
feasibility study on which basis it was planned to bring the property to production. The plan was abandoned
following take over by another company.
The Cherry Creek Property is focused on exploration in the immediate vicinity of an area commonly known
as the Cherry Creek Mining District, located approximately 50 miles north of the town of Ely, in White Pine
County, Nevada. Cherry Creek consists of over 276 unpatented and 18 patented claims as well as mill rights,
and is comprised of more than 6,000 acres. Cherry Creek includes more than 20 past producing mines
including Blue Bird, Chance Mine, Filmore, Last Chance, Star, Exchequer/ New Century Mine, Ticup and
Motherlode mines.
For additional information regarding the above noted property and other corporate information,
please visit the Company's website at www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim MacKenzie”
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Phone: 1 844 863 3622
Email: [email protected]
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.
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are
statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "wo uld",
"may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward -looking
statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may
differ materially from those in forward looking statements. F orward looking statements are based on the beliefs, estimates and
opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining
Corp. undertakes no obligation to update these forward -looking statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.