Showing posts with label silver. Show all posts
Showing posts with label silver. Show all posts

Tuesday, 18 April 2017

Viscount Mining Strengthens Technical Advisory Board with Senior Geologist


VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce that geologist James P. Robinson, Ph.D., has consented to join the Company's technical advisory board. As advisor to Viscount’s technical board he will be called on to provide insights based on his deep knowledge of Nevada, structural geology, precious-metals deposit models, and exploration techniques.

Recently, Dr. Robinson was a senior consulting geologist for Summit Mining Exploration, Inc., a wholly owned subsidiary of Sumitomo Corporation and was involved with all aspects of the initial two-year evaluation program of Viscount Mining’s Cherry Creek property. His responsibilities included comprehensive geologic mapping, geochemical sampling, drill target generation, drilling supervision, and subsurface interpretations.

Dr. Robinson has over 35 years of experience as a professional geologist, including approximately 30 years in precious metal exploration. Most of his mineral experience has focused on frontier and early-stage exploration in the eastern and southern Basin and Range of Nevada and Utah. This included managing successful exploration programs for Alta Gold Company, Pilot Gold Company, DNI Metals, and Battle Mountain Exploration Company.  Dr. Robinson was instrumental in the development of the Alta Gold Griffon Mine from grassroots discovery through production and the Alta Gold Kinsley Mine from development drilling to the discovery of several satellite deposits.

Dr. Robinson holds a Ph.D. in Geological Sciences from Cornell University, an M.S. in Geology from the University of Southern California, and a B.S. in Geology from Ohio University. He is a Registered Professional Geologist in the states of Utah, Idaho, and Arizona.   

Dr. Robinson stated, "I am very pleased to join the Company's advisory board. With my time on the Cherry Creek project, I feel it represents a rare opportunity in eastern Nevada to be the first modern comprehensive exploration program to evaluate a mining district with historic production of gold, silver, tungsten and base metals. In addition to the high-grade veins and replacement deposits exploited in the historic mines, recent geologic mapping, sampling, and limited drilling identified disseminated sediment-hosted gold in a previously unexplored area of Cherry Creek. The stratigraphic section, geochemical signature, and structural and igneous history of the sediment-hosted gold occurrence at Cherry Creek shares characteristics with modern gold mines in the general vicinity, including the Newmont Long Canyon Mine and Pilot Gold Kinsley Mountain Mine.  Subsequent exploration will further delineate gold anomalies defined by recent field work and greatly enhance the potential of finding an economic gold deposit in the subsurface."
Kaare Foy, Chairman of Viscount stated, "Dr. Robinson will collaborate closely with Viscount's management to provide guidance and recommendations to help Viscount set the direction of the company's roadmap and strategic initiatives at Cherry Creek as the company accelerates exploration and development plans."

About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)

Viscount Mining is project generator and an exploration company with a portfolio of silver and gold properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado.

The Cherry Creek Property is focused 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 9,000 acres. Cherry Creek includes more than 20 past producing mines including Blue Bird, Chance Mine, Filmore, Last Chance, Exchequer/ New Century Mine, Ticup and Motherlode mines.

The Silver Cliff property in Colorado lies within the historic Hardscrabble Silver District in the Wet Mountain Valley in south-central Colorado in Custer County. The property consists of 96 lode claims where high grade silver, gold and base metal production that came from numerous mines during the period 1878 to 1894. The property underwent substantial exploration between 1967 and 1984 for the purpose of defining mineral inventories. The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals. In January 2017, Viscount Mining reported additional high grade silver intersections from the drill program completed in December 2016.

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                                                                                                    


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", "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 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.

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Wednesday, 29 March 2017

Viscount Mining Releases Results of Exploration Program at the Cherry Creek Silver-Gold Project, Nevada


VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), reports that in 2016 Summit Mining Exploration Inc. (Summit) continued an ongoing mineral exploration and evaluation program in the Cherry Creek mining district of northern White Pine County, Nevada as part of their earn-in agreement with Viscount. Rather than explore the previously producing areas of the Cherry Creek property which encompasses just about all of the historical silver, silver gold-base metal and tungsten mines located in the Cherry Creek Mining District, Summit elected to focus their 2016 exploration program on a reverse‐circulation drilling program in the Flint Canyon area which they discovered in 2014‐15 to have anomalous gold in soil and rock chips. The area has no historic mines and had only minimal modern exploration prior to Viscount and Summit.

Summit’s initially proposed 2016 program was expanded to include: (1) drilling 32 reverse-circulation (RC) holes in the Flint Canyon target area; (2) geologic mapping at a scale of 1:2500 in the area south and west of the Flint Canyon target and in the north end of Silver Canyon, several kilometers to the east; (3) collection of 412 rock‐chip samples for geochemical analysis; and, (4) collection of 1868 soil samples for geochemical analysis in a grid that covers the Flint Canyon target area with extensions in all directions.

The 32 RC holes at Flint Canyon combined for 5,369 total meters (17,615 feet). They were drilled with variable azimuths and inclinations from eleven distinct pads to depths ranging from 86.9 to 304.9 meters. Formations encountered in the drill holes included Marjum limestone, Dunderberg Shale, Notch Peak Formation, Pogonip Formation, and undifferentiated dolomite (OSD). In general, the strongest gold concentrations occurred in near surface silicified zones in the Marjum limestone.  Gold intercepts occurred in local silicified zones along the Dunderberg/Marjum contact, in collapse breccias and silicified strata in the Pogonip Formation, and silicified breccia in undifferentiated dolomite.  Twenty‐one of the 32 holes included at least one sample interval with 0.100 g/t Au and two holes returned samples with greater than 1.00 g/t Au, with a maximum of 4.03 g/t gold in a single sample of a strongly oxidized, decomposed felsic dike in Hole CC021. The best multi‐sample intercept was by hole CC021 with 0 to 18.3 meters averaging 0.438 g/t Au, including the 4.03 g/t altered dike.  Five of the holes had intercepts of at least 10 meters with average gold concentrations of 0.100 g/t or greater.  Mineralized zones with elevated levels of gold display few associated geochemical anomalies, although weakly enhanced concentrations of arsenic (<200 and="" barium="" locally.="" o:p="" occur="" ppm="">

According to Summit’s report “the results of the 2016 drilling program could be interpreted to indicate that Flint Canyon is on the distal edge of a large disseminated gold system.”

None of the 32 holes were surveyed. Drill data density is insufficient to estimate true thickness of the mineralized intervals reported above.

Mapping south of Flint Canyon drill area identified a frontier‐level gold exploration target in Lead Mine Canyon. The target lies in a 250‐ x 75‐meter exposure of Marjum siltstone. Pods of jasperoid and coarse calcite occur along the limestone/siltstone contact and in minor faults that cut the contact. Four samples of jasperoid from those silicified zones contained gold values between 0.283 and 1.085 g/t. Soil samples from the siltstone commonly contained elevated gold values between 0.02 and 0.1 g/t, with one sample containing 0.5 g/t.

In Silver Canyon, jasperoid outcrops along the contact between Dunderberg Shale and Marjum limestone are locally enriched in silver, 200‐500 g/t, and commonly display low anomalous gold.

Summit has elected to exit the agreement and has given Viscount all the exploration data and information. Viscount now has complete control of the Cherry Creek property. 

Summit considers that there is still potential to find Kinsley Mine and Long Canyon type gold deposits on the property as outlined in this quote from their 2016 Exploration Report on Cherry Creek:

“In addition to the Flint Canyon area displaying the potential for a Kinsley Mine analogue, anomalous gold in soil and rock‐chip samples from the Pogonip Formation indicate that there could be a disseminated gold deposit at depth that is analogous to Newmont Mining Corporation’s Long Canyon Mine currently in production. At Long Canyon, disseminated gold mineralization occurs in a lenticular and laminated limestones as well as collapse breccias in the lower Pogonip Formation and in laminated limestone and siltstone at the base of the Notch Peak Formation near the contact with the Dunderberg Shale.”

In addition to follow up work required on untested gold in soil and rock chip samples at Flint Canyon and two targets previously described herein; several other targets exist on the property that warrant drill testing.  These targets will be summarized in a separate news release.

In the meantime Viscount is speaking with interested parties about the Cherry Creek property.

All of the results given in this news release were taken directly from the Rangefront Geological drill report prepared for Summit Mining Exploration Inc. All of the assaying was done by an ISO certified analytical company. Rangefront Geological and Summit geologists do all their work using the best industrial practices.

Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody:
The Company has implemented a rigorous QA/QC program using best industry practices at the Cherry Creek Property. Drill core samples are transported in security-sealed bags for analyses at ALS Labs Limited, of Elko, Nevada. Individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags that are then shipped. A small ‘B split’ of each sample of drill cutting interval was collected at the rig and archived in secure storage. The sample pulps and rejects will be retrieved from ALS. The insertion of standards, blanks and duplicates as well as logging was conducted by Rangefront Geological and Summit personnel at the property site.

Qualified Persons
The exploration and drill programs were managed by David Tretbar, Summit Exploration’s Executive Vice President, Exploration and Mineral Resources, a Qualified Person as defined by NI 43-101. Mr. Tretbar is a registered Professional Geologist in Arizona (# 48036) and a Certified Professional Geologist (CPG # 11086) with the American Institute of Professional Geologists.

The scientific and technical information contained in this news release has been reviewed 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 silver and gold 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. 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.

For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com

“Jim MacKenzie”       
President, CEO and Director                                                           

For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535                                                                                                    
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", "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 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.

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Thursday, 19 January 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 deposits 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 silver-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.

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 what he stated in the December 21st 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 volcanic 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 systems 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.”

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 samples are sawn in half lengthwise and one half transported in securely-sealed bags to the ALS laboratory in Reno, Nevada, for analysis. Prior to transport, individual 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 were 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% interest 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.

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                                                                                                    

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", "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 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.

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