Viscount Mining Commences Drilling Silver Cliff Colorado
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Viscount Mining Commences Drilling Silver Cliff
Colorado
Vancouver, British Columbia - (October 14, 2020) - Viscount Mining Corp. (TSX-V: VML) (OTCQB:
VLMGF) ("Viscount Mining") is pleased to announce it has commenced the first phase of a three phase
drill program at its Silver Cliff property in Colorado.
Viscount’s 2020 drill campaign has three objectives. They are to expand the previously defined Kate
resource (the “KSR”). Also to further outline the South Kate high grade zone and to test new targets. Five
of the planned holes are East, North and West of the resource defined by Dr. Gilles Arseneau in his 2018
NI 43-101 report. Four drill holes are to start to define the south Kate high grade zone. If this is
successful, it will potentially improve the grade of the KSR
Many of the historic holes had been drilled for Tenneco Minerals at the KSR between 1987 and 1990,
following which the company completed a feasibility study for open pit mining of silver and announced
plans to construct a $35,000,000 milling operation at Silver Cliff. Shortly thereafter, the parent company,
Tenneco was sold and the new owners decided to divest their mineral interests and the decision was
reversed in 1991.
Viscounts 2016 and 2017 drill campaigns was to confirm historic drilling in the KSR. This was necessary,
since the core and RC chips from the previous drilling had been lost, and only incomplete assay results
are known. Based on the data collected by Viscount, and the selected historic drilling data, Dr. Gilles
Arseneau estimated that the Kate deposit contains 2,064,000 tonnes of indicated reserves averaging 84 gpt
silver, and an inferred resource of 7,143,900 tonnes averaging 70 gpt of silver, using a 35 gpt cut-ff.
Hole ID Length(m) Grade(gpt silver)
DDH-73-2 13.3 2,102.7
89-26 5.92 181.1
89-27 18.2 218.0
89-28 5 654.7
88-47 7.6 160.2
K16-01 6.1 1778.0
K16-03 9.15 233.0
In the above table all but K16-01 and K16-03 are from historic data. The Kate high grade zone is 82
meters in strike length, and open to the north east, and potentially to the north. The historical data in the
summary table used a 2 opt cut-off grade and total depth of the holes are not known.
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Two holes will test new targets. One of the holes in the Kate high grade zone will be drilled past the high
grade to test the hypothesis that a second mineralized zone exists at depth. The other drill hole will test
the Passiflora target. Historic drilling has showed significant silver and gold intercepts. An internal report
from CoCa Mines in 1983, estimated a 40 million ton resource, but this is not NI 43 101 compliant. The
historic data reported that 14 holes were drilled in the Passiflora area with the best silver grade being 256
gpt, and best gold 1.4 gpt.
Viscount will be continuing to drill with the objective of adding to the ACS resource estimate of the
KSR/Kate deposit, as well as moving forward on the evaluation of resource potential of several other
promising targets.
Qualified Persons
The scientific and technical information contained in this news release has been reviewed and approved
by Harald Hoegberg PG, an independent consulting geologist who is a "Qualified Person" (QP) as such
term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-
101").
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 property 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 2,319.48 hectares 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 from 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 a takeover by another company.
The Cherry Creek exploration property is in an area commonly known as the Cherry Creek Mining
District, located approximately 50 miles north of the town of Ely, White Pine County, Nevada. Cherry
Creek consists of 293 unpatented and patented claims as well as mill rights and is comprised of more than
2,442 hectares. Cherry Creek includes more than 20 past producing 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:
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Viscount Investor Relations
Email: [email protected]
FORWARD-LOOKING STATEMENTS
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of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements
with respect to Viscount Mining ’s operations, exploration and development plans, expansion plans, estimates,
expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains
forward looking statements with respect to the Offering, the receipt of required approvals, the timing of thereof and
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uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of
Viscount Mining to be materially different from those expressed or implied by such forward- looking statements,
including but not limited to: risks related to the exploration and development and operation of Viscount Mining’s
projects, the actual results of current explor ation, development activities, conclusions of economic evaluations,
changes in project parameters as plans continue to be refined, future precious metals prices, as well as those factors
discussed in the sections relating to risk factors of our business filed in Viscount Mining’s required securities filings
on SEDAR. Although Viscount Mining has attempted to identify important factors that could cause results to differ
materially from those contained in forward -looking statements, there may be other factors that cause results to be
materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward- looking statements will prove accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward -looking statements. Viscount Mining does not undertake to update any forward -looking
statements that are incorporated by reference herein, except in accordance with applicable securities laws.
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