Viscount Mining Drilling Intercepts 1100m of Significant Sulfides In First Deep Drill Hole at the Passiflora in Silver Cliff, Colorado.
1 of 4
PRESS RELEASE March 20, 2025
Viscount Mining Drilling Intercepts 1100m of Significant Sulfides In First
Deep Drill Hole at the Passiflora in Silver Cliff, Colorado.
• According to Quantec geoscientists, a deposit with this large size and this high of a
conductivity (extremely low resistivity) is likely explained by a significant system of
interconnected mineralized fractures.
• The main body of the conductive anomaly starts at a depth of ~400m and continues to a
depth of ~1.5km, maybe deeper. The detectable length of the anomaly is ~1.4km in the
SW-NE direction with a width of at least 700m and an open interpretation to the untested
NW. This represents a total volume of over 665,000,000m3 as determined by Quantec.
• Noteworthy sulfides including chalcopyrite, molybdenite and pyrite prevailing over a
continuous interval of 1100m.
• Viscount's first drill hole in the Passiflora target seems to have most of the mineral
assemblage and alteration zones that are typical of most known copper porphyry systems.
VANCOUVER, Canada ( March 20, 2025) – Viscount Mining Corp. (TSX -V: VML) ( OTCQX:
VLMGF) (“Viscount” or “the Company”) is pleased to announce the first deep drill hole on the
Passiflora in Silver Cliff, Colorado has successfully been completed.
The first drill hole completed to a downhole depth of 1143m at the Passiflora has intersected continuous
sulphide mineralization throughout the entire length of the hole. The dri ll hole which identified
disseminated sulphides as well as more massive zones and abundant veins are present over an interval
of 1100m. Pyrite and chalcopyrite was first identified at 465m, followed by galena at 854m and
sphalerite noted tentatively at 213m but more confidently further down the hole. Magnetite was noted
in trace amounts at 680m and biotite at 125m. Argillic alteration was encountered below the overburden,
and around 200m it seems to change to phyllic al teration. Much of the hole after showed abundant
overprinting of different types of alteration. Also, three mineralized breccia zones were identified during
preliminary logging. Chalcopyrite is a brass-yellow mineral with a chemical composition of CuFeS2. It
occurs in all copper porphyry deposits and is the main copper mineral in the porphyry systems.
The core is presently being logged in detail and prepared for assay. Viscount is currently in the planning
stages for confirmation holes.
March 20, 2025 - Press release
2 of 7
Jim MacKenzie CEO of Viscount stated: “The first deep drill hole at Passiflora was very consistent with
the findings of the Quantec Tit an survey and exceeded our expectations. As predicted, the core has
abundant metallic minerals in disseminated and interlocking veins and masses that are all likely
connected over an interval of 1100m. This first hole with the geologic setting, in a caldera, the associated
alteration and the presence of Manto deposits, gives us the confidence of that a porphyry style deposit
may be reason for the geophysical anomaly.”
Photo 1. This photo shows both the vein pyrite. These are the metallic thin bands occur at several
places in the core and are steep angles to the core. The more massive pyrite occurs on both sides of the
wooden marker 1010 (306m). The core below the marker 1015 shows porphyritic texture; fine grey
ground mass with white larger minerals
March 20, 2025 - Press release
3 of 7
Photo 2. This piece of core exhibits three separate areas of galena, the major lead sulfide. They are
bright metallic luster and lead-grey in color. In porphyry copper deposits they often present as an
additional economic important metal to the copper.
March 20, 2025 - Press release
4 of 7
Photo 3. The chalcopyrite can be seen as being more brassy in color to pyrite. When disseminated or
in small veins, the metallic minerals are hard to tell apart. On the cross section of the core small blebs
of pyrite can be seen, and are easier to tell apart from the chalcopyrite than the pyrite with the arrow.
Figure 1, below, is a cross section of through line L1E which depicts a view of the massive, low
resistivity anomaly described by Quantec. As shown, the bowl-shaped anomaly extends ~1400m (~4590
ft) across the center of the caldera, and at least 1500m (~4920 ft) deep, maybe deeper, depending upon
the accuracy of resistivity detection below the conductive body.
March 20, 2025 - Press release
5 of 7
Figure 1. A cross section through line L1E showing resistivity (in ohm-m) to a depth of ~2400
With the volcanic history of the region as a caldera makes it completely reasonable to assume that the
Passiflora target could be a porphyry at depth. This caldera is one of at least ten eruptive centers of the
Central Colorado Volcanic Field (CCVF). Four of these ten have been further classified as silicic
eruptive centers, of which the Silver Cliff caldera is one (McIntosh and Chapin, 2004). Another member
of this classification is Cripple Creek Mine, a highly profitable, still active deposit located ~70km NNE
of the Passiflora. The ore being mined at Cripple Creek is primarily from diatremes (volcanic breccia
pipes), which overlie sulfide -altered, porphyritic igneous intrusions. Based on Viscount’s first hole a
similar system of sulfide-hosting igneous intrusions also exist at depth in the Passiflora target.”
March 20, 2025 - Press release
6 of 7
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) (OTCQX: 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 96 lode claims 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 historic ally extracted from the numerous
underground and surface mining operations. Based on the accumulated data and feasibility study,
Tenneco Minerals made the decision with silver at $5.00 USD an ounce to construct at that time a
$35,000,000 USD milling opera tion for the extraction of the silver reserves at Silver Cliff. Shortly
thereafter Tenneco’s Mining Unit was sold, and the planned milling operation was abandoned.
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 578 unpatented and 17 patented claims as well as mill rights. Cherry Creek includes
more than 20 past producing mines. In January 2021, Viscount entered an exploration earn - in
agreement with a wholly owned subsidiary of Centerra Gold Inc. Centerra is a Canadian -based gold
mining company focused on operating, developing, exploring and acquiring gold properties in North
America, Asia and other markets worldwide.
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
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.
March 20, 2025 - Press release
7 of 7
Forward-Looking Statements
This news release includes certain statements that may be deemed “forward -looking statements” within the meaning 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 actu al size of the anomaly , feasibility, grade of mineralization and the content of the
mineralization. Generally, forward -looking statements can be identified by the forward -looking terminology such as
“plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “projects”, “intends”,
“anticipates”, or “does not anticipate”, or “believes”, or “variations of such words and phrases or state that certain
actions, events or results “may”, “can”, “could”, “would”, “might”, or “will ” be taken”, “occur” or “be achieved”.
Forward-looking statements are subject to known and unknown risks, 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 exploration, 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 Mi ning’s
required securities filings on SEDARPlus. 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.