Viscount Mining Drills 477 g/t Silver (15.34 oz/t) over 7.5 meters (24.6 ft) At Its Silver Cliff Property In Colorado
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PRESS RELEASE March 5, 2018
Viscount Mining Drills 477 g/t Silver (15.34 oz/t) over 7.5 meters
(24.6 ft) At Its Silver Cliff Property In Colorado
• Including
- 714 g/t (22.96 oz/t) over 3 m (9.84 ft)
- 338.4 g/t (10.88 oz/t) over 12 m (39.37 ft)
- 279.6 g/t (8.99 oz/t) over 15 m (49.21 ft)
VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or
“the Company”), is pleased to announce the final set of assay results from the Phase 2 HQ core drill ing
program at their Silver Cliff property in the Hardscrabble Silver District of Custer County, Colorado (the
"Property"). The 2017 program commenced in mid -October and completed on December 9th ha s as its
primary objective the verification of historical drill results for current mineral resource estimation on one of
the Silver Cliff deposits known as the Kate Silver Resource (the “KSR”). This release is reporting values from
DDH P17005, DDH P17008 and DDH 17009.
2017 Drill Holes
Viscount
Hole #
Historical
Hole #
From
(m)
From
(ft.)
To
(m)
To
(ft.)
Length
(m)
Length
(ft.)
Ag
(oz/t)
Ag
(g/t)
P17001 79-02-03 24 78.74 33 108.27 9 29.53 3.65 113.5
P17001 79-02-03 25.5 83.66 28.5 93.50 3 9.84 7.64 237.5
P17002 79-05_CC 0 0 34.5 113.2 34.5 113.2 2.91 90.35
P17002 79-05_CC 12 39.4 30 98.4 18 59 3.88 120.58
P17003 SC-09 15 49.2 21 68.9 6 19.7 1.88 58.5
P17003 SC-09 16.5 54.13 18 59.05 1.5 4.92 2.76 86.0
P17004 77 -07_CC 6 19.7 39 128 33 108.3 2.83 90.35
P17004 77 -07_CC 9 29.5 39 128 30 98.5 3.07 95.48
P17004 77-07 _CC 15 49.2 39 128 24 78.8 3.51 109.04
P17005 88-57 9.5 31.17 24.5 80.38 15 49.21 8.99 279.6
P17005 88-57 11 36.09 14 45.93 3 9.84 22.96 714.0
P17005 88-57 11 36.09 18.5 60.70 7.5 24.61 15.34 477.0
P17005 88-57 11 36.09 23 75.46 12 39.37 10.88 338.4
P17006 88-16 0 0 24.5 80.4 24.5 80.4 4.82 149.88
P17006 88_16 0 0 15.5 50.9 15.5 50.9 6.56 203.90
P17007 88_32 0 0 39 128 39 128 1.38 42.85
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P17007 88_32 12 39.4 24 78.7 12 39.3 2.65 82.50
P17008 89_46 38 124.67 44 144.36 6 19.69 1.25 39.0
P17009 89_16 11 36.08 17 55.76 6 19.68 1.95 60.5
P17010 RH27_CAL 13.5 44.3 46.5 152.6 33 108.3 2.57 79.53
P17010 RH27_CAL 33 108.3 46.5 152.5 13.5 44.5 3.95 122.85
Current hole P17005was drilled at -60 degrees and gave the following results: 279.6 g/t (8.99 oz/t) over 15 m
(49.2 ft) from 9.5m (31.17 ft) to 24.5 m (80.38ft) including 714 g/t (22.96 oz/t) over 3 m (9.84 ft) from 11 m
(36.09 ft) to 14m (45.92 ft). Longer portions of the 15 m interval included: 477g/t (15.34 oz/t) from 11m (36.08
ft) to 18.5 m (60.70ft) and 338.4 g/t (10.88 oz/t) from 11m (36.09 ft) to 23m (75.46 ft). This hole is notable in
that it assessed the less tested northern portion of the Kate deposit. The true thickness of each reported interval
of this hole is estimated at 83%.
Current hole P17008 was drilled at -90 degrees and gave the following results: 39 g/t (1.25 oz/t) over 6 m
(19.69 ft) from 38 m (124.67 ft) to 44 m (144.36 ft). This hole is notable in that it also assessed the less tested
northern portion of the Kate deposit. True thickness of the reported interval for this hole is estimated at 100%.
Current hole P17009 was drilled at -90 degrees and gave the following results: 60.5 g/t (1.95 oz/t) over 6 m
(19.69 ft) from 11 m (36.09ft) to 17 m (55.78 ft). This hole is notable in that it assessed the less tested western
portion of the Kate deposit. True thickness of the reported interval for this hole is estimated at 100%.
The silver mineralization either parallels the topographic surface or the 3- 5° dip of the volcanic stratigraphy.
Thus, true thickness is approximated by the drill hole intersections of the vertical holes for which assays are
reported in the above table. They are 100% of the vertical drill hole intersections. The vertical holes are P17001,
P17002, P17003, P17004, P17008, P17009 and P17010. The other 3 holes were drilled at -60 degrees and true
thickness is estimated at 83% of reported intervals
Harald Hoegberg, Viscount Geologist and supervisor of the 2017 drill program stated: “The drilling in 2016
and 2017 was in rhyolite units which on a visual basis appear to be separate and are part of the Silver Cliff
caldera complex. Both volcanic units are thought to be of Miocene age. The 2016 drilling was done in a
white to cream colored unit and the 2017 drilling in what is thought to be a slightly older unit that is also
flow banded but highly fractured with pervasive black manganese staining and yellow to red iron staining.
The latter hosted profitable silver mining in the 1880’s.
Both units are highly silver mineralized and this expands the resource potential of Viscounts holdings.
Additional geologic sampling will most likely enlarge the areas that will be targeted for additional drilling
and further increase the resource opportunity.”
An NI43-101Technical Report of historical and current data from drilling and sampling at its Silver Cliff
Project in Colorado in 2016 and 2017 will be released in the 2nd quarter of this year. The report will be a proof
of concept updating the historical mineral resource defined by Tenneco in the 1980’s to a current NI43 -101
mineral resource.
Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody
The Company has implemented a QA/QC program using best industry practices at the Silver Cliff Property.
Drill core samples are sawn in half lengthwise and one half transported in secur ely-sealed bags to the ALS
laboratory in Reno, Nevada, for sample preparation and subsequent analysis at ALS Canada Ltd. in Vancouver.
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Prior to transport, i ndividual samples are labeled, placed in plastic sample bags and sealed. One certified
standard for each 20 samples is included. Groups of samples are then placed into durable rice bags that are
then shipped. The sample pulps and rejects will be retrieved from ALS. For the 1.5 m (4.92 ft) interval samples
that are the subject of this report of DDH’s PI 17005, DDH P17008, DDH 17009 and for the above tabulated
2017 holes. T he ALS method with code ME -GRA21 was utilized for determining both gold and silver . It
consists of fire assay and gravimetric finish (30g nominal sample weight).
Qualified Persons
The scientific and technical information contained in this news release has been reviewed and approved by
Dallas W. Davis, P.Eng, FEC, an independent consulting geologist who is a "Qualified Person" 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 2,296.98 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 alter ed 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 take over
by another company.
The Cherry Creek Property is f ocused on exploration in the immediate vicinity of an area commonly known
as the Cherry Creek Mining District, located approximately 30 miles north of the town of Ely, in White Pine
County, Nevada. Cherry Creek consists of over 400 unpatented and patented claims as well as mill rights, and
is comprised of more than 8,000 acres. 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”
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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", "anti cipates",
"believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "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. Forward looking statements are based on the beliefs, estimates and opini ons 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.
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