Viscount Mining Reports Additional High Grade Silver Intersections of Drill Holes at its Silver Cliff Property in Colorado
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PRESS RELEASE January 19, 2017
Viscount Mining Reports Additional High Grade Silver
Intersections of Drill Holes at its Silver Cliff Property in
Colorado
Drill Hole K16-01 assayed 1,778.5 g/t (57.2 oz/t) silver over a 20-ft. (6.1m) interval within
a 50 ft. (15.2m) mineralized intersection averaging 837.4 g/t (26.9 oz/t)
VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or
“the Company” ), is pleased to announce further drill results from the Silver Cliff property in the
Hardscrabble Silver District of Custer County, Colorado (the "Property"). The 2016 drill program
commenced in mid-November had as its primary objective the confirmation of information in reports on
historical drilling on one of the Silver Cliff deposi ts known as the Kate Silver Resource ( the “KSR”) by
twinning historic holes.
Nine holes with a total of 1 ,502 ft . (457.8 m) were completed in the recent campaign and this release is
reporting values from K16-01, K16-03, K16-04, K16-05, K16-06, and K16-08 from which core was assayed
at ALS Canada Ltd., at their laboratories in Reno, Nevada, and Vancouver, BC. In the case of K16-08, core
sampling and , hence, assaying inadvertently stopped at 173 feet (52.7 m) , only 3 feet (0.9 m) past the
historical intersection of silver mineralization. Viscount will extend the sampling of this hole when the next
phase of work commences.
A summary of drill intersections for which assays have been received to date is presented below. The hole
collars lie within a northeast trending corridor that is 833 ft. (254m) from K16-05 to K16-03. Holes K16-03
and -04 were drilled at -90° (vertical) and the others toward north at -60° to the horizontal. Although rock
units dip or slope at 2° to 5° toward the east -southeast as noted under the heading “Silver Cliff Geology”, the
present interpretation is that silv er-bearing mineralization and silica have replaced portions of a porous
limestone reef unit. Such replacement is typically uneven rather than uniformly tabular. Because of this and
the early stage of drilling, true widths are not estimated.
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Viscount
Hole #
Twinned
Hole #
From
(m)
From
(ft.)
To
(m)
To
(ft.)
Length
(m)
Length
(ft.)
Ag
(oz/t)
Ag
(g/t)
K16-01 73-2 16.76 55 32.00 105 15.24 50 26.9 837.4
K16-01 73-2 18.29 60 28.04 92 9.75 32 40.9 1271.1
K16-01 73-2 18.29 60 24.38 80 6.09 20 57.2 1778.5
K16-03 89-27 17.37 57 34.14 112 16.77 55 4.5 141.1
K16-03 89-27 24.99 82 34.14 112 9.15 30 7.8 242.0
K16-04 89-26 15.54 51 36.88 121 21.34 70 5.7 178.5
K16-04 89-26 18.59 61 34.15 121 18.29 60 6.5 203.4
K16-04 89-26 23.17 76 34.15 121 13.72 45 8.1 250.7
K16-05 89-53 19.81 65 33.53 110 13.72 45 12.6 390.9
K16-06 88-2 19.81 65 36.58 120 16.77 55 1.2 36.1
K16-06 88-2 30.48 100 36.58 120 6.10 20 1.7 53.8
K16-08 88-36 32.00 105 52.73 173 20.73 68 7.4 228.6
K16-08 88-36 35.05 115 52.74 173 17.68 58 8.6 265.9
Kaare Foy, Viscount Chairman stated: “We are very pleased with the drill program conducted in 2016 as it
has demonstrated that there is significant silver mineralization that occurs at a shallow depth between 50 ft.
(15.2m) to about 175 ft. (53. 3m) that may be amenable to open pit mining. More drilling and a prefeasibility
report will need to be done before an economic evaluation can be made. These results have prompted the
Company to consider doing additional mapping, possible geophysical surveys and more strategically placed
drill holes to outline the shape, dimensions, and potential grade. Once this is completed and if warranted by
the results, a prefeasibility study will be considered that will include extensive metallurgical studies, mining
methods, and costs.”
Silver Cliff Geology
The following information has been obtained from historical reports that describe the Kate silver prospect.
Structure in the area appears quite simple. Dips are to the east-southeast at 2o to 5o. Faulting is not obvious on
the surface and a contour map of the surface of the lower obsidian suggest that no faults with more than 50
feet of displacement occur within the area of the Kate mineralization. Examination of PQ wireline core
drilled in 1989 for a metallurgical sample, indicate; however, that faults with minor displacement are
numerous.
Jim Ebisch reiterated wha t he stated in the December 21 st news release, namely that “The 2016 drilling
shows that the silver mineralization (blue -grey mineralization) is hosted predominantly by a gently -dipping,
silicified carbonate reef that formed during a v olcanic hiatus. The Kate Silver Resource (the “KSR”) at this
juncture appears to be the result of simple carbonate replacement by silica -rich, silver/lead/zinc -bearing
fluids adjacent to interpreted deep seated epithermal veins. These carbonate rock system s replaced by
silicification–associated resources are commonly found over large lateral extents and the greatest promise for
the KSR may eventually lie in undiscovered stacked horizons, in combination with high -grade epithermal
veins that may underlie the KSR.”
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About Silver Cliff Property
The Silver Cliff property lies within the historic Hardscrabble Silver District in Colorado. 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 1894. It is located 44 miles WSW of Pueblo , Colorado, and has year-around
access by paved road. The property underwent substantial exploration between 1967 and 1984. The major
explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals.
The Silver Cliff Property is interpreted to encompass a large caldera and porphyry system which offers
potential to host a number of deposits from both precious metals to base metals. This has been demonstrated
in the mineralogy and grade historically extracted from numerous underground mining operations dating
back to the late 1800s and early 1900s.
Drilling in the 1980s by Tenneco resulted in a historical pre -feasibility study which formed the company's
decision to put the property into production. Reported historical silver grades range from below detection to a
high of 2,125 g/t (68 o/t) Ag over 13.4 metres. Reported historical gold grades range from below detection to
a high of 9.06 g/t (0.29 o/t) Au over 1.2 metres. Plans were halted due to the restructuring of Tenneco after it
was sold.
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 s amples are sawn in half lengthwise and one half transported in secur ely-sealed bags to the ALS
laboratory in Reno, Nevada, for analysis. Prior to transport, i ndividual samples are labeled, placed in plastic
sample bags and sealed. Groups of samples are then placed into durable rice bags that are then shipped. The
sample pulps and rejects will be retrieved from ALS. All samples wer e analyzed for Ag and 50 other
elements by ALS method “Ultra Trace Aqua Regia ICP -MS” with code ME-MS41. In the case of Ag
determined by this method to be in excess of 100 ppm, a further analysis for Ag was done utilizing method
“Ore Grade Aqua Regia ICP -AES” with ALS code Ag -OG46. For the three 5-ft interval samples from K16 -
01 containing more than 1,500 ppm Ag, the ALS method “Ag 30g FA – GRAV finish WST-SIM” with code
Ag- GRA21 was utilized.
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 an exploration company with a portfolio of gold and silver properties in the Western
United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of
more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines. Viscount has
entered into an exploration earn -in agreement with Sumitomo Corporation covering the Cherry Creek
property. Sumitomo can earn in up to a 75% interes t in the property by producing a feasibility study and by
spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth
anniversary of the earn -in agreement. Silver Cliff in Colorado is comprised of 96 lode claims, covering
much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.
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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: 604-960-0535
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", "c ould" 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 m ay
differ mater ially from those in forward looking statements. Forward 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.