Viscount Mining Receives Results from Phase 3 Field Survey, Silver Cliff Colorado
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Viscount Mining Receives Results from Phase 3
Field Survey, Silver Cliff Colorado
Vancouver, British Columbia - (November 3, 2021) - Viscount Mining Corp. (TSX-V: VML) (OTCQX:
VLMGF) ("Viscount or “the Company ") is pleased to announce it has received results from its third
phase of the rock chip program at their Silver Cliff property in Colorado.
Highlighted results include:
• 28 samples assaying over 100 g/t silver
• 18 samples assaying over 200 g/t silver
• 4 samples assaying over 550 g/t silver including 1330 g/t and 737 g/t in the northern Kate
area and 692 g/t and 560 g/t in the south Passiflora area.
Phase 3 of Viscount Mining’s Silver Cliff drill program consisting of 13 holes over 881 meters has recently
concluded and all of the core samples have been shipped and are currently being assayed. As a
supplemental part of Viscount’s phase 3 drilling program, 50 surface rock chip samples were collected
around the Kate Deposit, Passiflora and surrounding areas . Most of these samples were gathered from
century-year-old, shallow mining pits which are found scattered throughout the Silver Cliff region. A map
depicting silver concentration of each of these 124 surface samples including 74 local rock chip samples
collected back in 2013 is shown below.
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Silver Concentration and Locations
Twenty eight (28) of these rock chip samples collected at the surface tested over 100 g/t silver, with the
highest testing sample assayed 1330 g/t silver. The presence of such high- grade silver deposits being
revealed at the surface by shallow, abandoned pits, shows high promise for an eventual open pit mine. Many
of these higher testing samples were collected from two locations: the southwest Passiflora and the northern
area of the Kate Deposit and extension.
In the southwest Passiflora area, concentrations of silver in collected rock chip samples ranged from 122
G/T to 692 G/T. Though Viscount has done less extensive drilling in the Passiflora, most of the promising
mineralization and assay values have come from holes drilled in this southwest region (DDH -20-05 and
DDH-21-10). Two of the holes drilled during phase 3 were also located in this area and are currently being
assayed. An internal report fr om CoCa Mines in 1983, estimated a potential resource of 40 million short
tons, based on 14 drill holes (not NI 43-101 compliant), with the best intercept reporting to be 256 g/t silver
and 1.4 g/t gold. Viscount drilled four holes in the Passiflora in 2020/21 to depths greater than 193 m that
showed anomalous silver throughout all, some anomalous gold as well as strong silica and clay alteration
and pyritization over most of the holes. Duval Mining geologists had identified a quartz monzonite at
shallow depth in the vicinity of the Passiflora mine. Quartz monzonite is a rock that is also commonly
associated with porphyry ore bodies. The additional holes at the Passiflora are aimed at identifying this
structure.
In the northern area of the Kate Deposit, 15 surface rock chip samples assayed between 71 and 1330 g/t
silver, well above the current economic cut -off grade. Seven (7) of these high -grade rock chip samples,
including the two highest testing (737 and 1330 G/T), on land outside of the current extent of the ore body
as defined by Dr. Gilles Arseneau in 2018. The report titled Mineral Resource Estimate for the Silver Cliff
Property, Custer County, Colorado, USA dated April 15, 2018 was prepared by Dr. Gilles Arseneau, Ph.D.,
P. Geo of Arseneau Consulting Services (“ACS”) in accordance with the Canadian Institute of Mining,
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Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument
43-101 (“NI 43-101”) for its Silver Cliff property in Colorado.
These results support a possible expansion of the ore body, specifically near the surface, both to the West
and Northeast. These are areas that were drilled during the third phase. As we await the core results, this
collection of surface rock chip results gives us some insig ht into the silver resource expansion as defined
by Dr. Gilles Arseneau in 2018 and for the Phase 4 drill program preparation.
Jacob Hooker, Exploration Manager commented: “The completion of Phase 3 drilling was designed to test
outside the boundaries of the Kate D eposit. Upon receipt of the drill results in correlation with the soil
samples, the final phase 4 of drilling will be designed to further the understanding of the Kate deposit. The
goal of expanding our NI 43-101 resource is meeting and surpassing company expectations.”
Tenneco Minerals leased the Kate property in 1987. They had previous drill data available to them, which
was the results from 11,930 meters in 249 drill holes that had been done since 1968.The following two
years Tenneco drilled an additional 143 holes totaling 7,949 meters. Based on the accumulated data and
feasibility study, Tenneco Minerals made the decision with silver at $5.00 USD an ounce to construct a t
that time a $35,000,000 USD milling operation for the e xtraction of the silver reserves at Silver Cliff.
Shortly thereafter Tenneco’s parent company was sold, and the planned milling operation was abandoned.
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 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.
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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 into 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]
FORWARD-LOOKING STATEMENTS
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of applicable Canadian securities legislation. Forward- looking statements include, but are not limited to, statements
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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 Mining’ s required securities filings
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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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