Viscount Mining Continues to Drill High Grade Silver at its Silver Cliff Property in Colorado

 PRESS RELEASE                                                                                                      November 28, 2017

  • Drill Hole DDH P17002 assayed 90.35 g/t (2.91 oz/t) silver from surface to 34.5 m (113 ft) including an 18 m (59 ft) portion averaging 120.58 g/t (3.88 oz/t)

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce the first assay results from the Phase 2 HQ core drilling program at their Silver Cliff property in the Hardscrabble Silver District of Custer County, Colorado (the “Property”).  The 2017 program commenced in mid-October has 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”). A second objective is to test the potential for deeper silver mineralization. This release is reporting values from DDH P17002, the first of ten holes.

Vertical hole (-90°) P17002 penetrated to a depth of 197.1 m (646.7 ft) and assays of continuous 1.5 m (4.92 ft) sample intervals only to a depth 36 m (118.1 ft) have been received from ALS Canada Ltd. Of this portion of the hole, the first 34.5 m (113.2 ft) from surface averaged 90.35 parts per million (ppm, i.e. g/t or 2.91 oz/t), including an 18 m (59 ft) portion from 12 to 30 m (39.4 to 98.4 ft ) averaging 120.58 g/t (3.88 oz/t).  Historical hole 79_5_CC drilled in 1979 and twinned by P17002 was reported to have only an 18.3 m (60 ft) interval averaging more than 31.1 g/t (1.0 oz/t), namely, from 15.2 m to 33.5 m (50 to 110 ft)  with 105.43 g/t (3.39oz/t). Although results from more drill holes will be required to determine true thickness, historical geological records and Viscount’s 2016 drilling profiles indicate that the mineralized rhyolite tuff beds are nearly horizontal with apparent variations from the horizontal due to vertical displacement by faults.

Kaare Foy, Viscount Chairman stated: “We are very encouraged with the results of our first hole of Phase 2 drilling at Silver Cliff.  The results show the twinned hole multiple ounce mineralization to be almost double in length.  This was also indicated in some of the 9 twinned holes drilled in 2016 where 5 out of 9 holes had noticeably thicker silver-rich sections.”

Dr. Howard Lahti, VP of Exploration commented: “Viscount is continuing the drill program to see if there are other locations within the Kate deposit with much thicker or multiple zones which would offer the potential for increasing the historic silver resource potentially mineable by open pit. The high silver values from our last drill campaign and the most recent result continues toward addressing our primary goal which is to verify the historical mineral resource. Our goal also is to enlarge the historic resource by extending the drill program outside the perimeter of the area encompassed by the Tenneco PEA.  We look forward to reporting further assays from this program as they become available.” 

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 sample preparation and subsequent analysis at ALS Canada Ltd. in Vancouver. Prior to transport, individual 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 P17002 results, the 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). Five certified standards were included with this shipment.

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 2,029 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 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 take over by another company.

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 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”
President, CEO and Director

For further information, please contact:

Viscount Investor Relations
Phone: 1 844 863 3622
Email: info@viscountmining.com

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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VISCOUNT COMMENCES PHASE 2 DRILLING AT SILVER CLIFF COLORADO

 

PRESS RELEASE                                                                                                        October 24, 2017

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQBVLMGF) (“Viscount” or the “Company”) is pleased to announce that its Phase 2 twin drilling program has commenced at Silver Cliff, Colorado, using a  coring rig operated by BDW International Drilling Inc.

Geologist Harald Hoegberg has been engaged for on-site supervision of the drill program to ensure compliance with QA/QC protocol adopted in consultation with our Qualified Person (QP) Dallas Davis.  Dr. Gilles Arseneau of “Arseneau Consulting Services” is providing overall supervision and has chosen 10 of the Kate Silver Deposit historical drill holes to be twinned.

Results will assess upside potential and contribute to the verification of historical resources at the nearly flat-lying Kate Silver Deposit which, at less than 70 feet (21 metres) depth and up to 88 feet (27 metres) apparent true thickness, would have open pit mining potential.  The 2017 holes will be drilled to an average depth of about 328 feet (100 metres) versus an average of 197 feet (60 metres) for historic drilling at Kate.

Dr. Howard Lahti, VP Exploration, stated “I am extremely optimistic that this 2nd phase of drilling will not only advance confidence in the historical silver mineralization reported for the Kate Deposit, but also demonstrate that there is considerable resource potential at depth.”  Historical records show that deeper rhyolite tuff layers have elevated silver concentrations.  In particular, a number of the few historic holes deeper than 197 feet (60 metres) either ended in or passed through mineralized tuff and Emmons (1896, p. 10) reported “films or stains of metallic sulphides, said to assay high in silver… lining delicate cracks in the tuff” units intercepted when sinking the 2,640-foot (805 metres) Geyser mine shaft approximately 2625 feet (800 metres) southeast of Viscount’s 2016 drill holes.  5 of the 10 planned holes will therefore probe to depths of more than 328 feet (100 metres) to test the potential continuity and grade of deeper mineralized tuff while one or more of the holes will test prominent cross-cutting faults for high grade silver, either in altered adjacent volcanics or in veins within the fault zones.

Chairman Kaare Foy stated “We have the opportunity to bring an historical resource current.  The drill results from our phase one program showed some of the highest silver grades drilled in North America.  As we continue with the Phase two drill program we will work toward the beginning of a current silver resource at Silver Cliff.”

In summary, Viscount will continue the process commenced with Phase 1 in 2016 for twinning past drill holes to determine intercept details that have not been available for preparing a NI-43-101 update of the historical silver resource.  The drilling will also test the potential for multiple mineralized zones that would increase the volume of material accessible by open pit mining.

Qualified Persons

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”), has prepared, supervised the preparation or approved the scientific and technical disclosure in this news release.

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 2,029 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 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 Minerals resulted in a historical pre-feasibility study which formed the company’s decision to put the property into production. Plans were halted due to the restructuring of Tenneco after it was sold.   Other companies exploring here besides Tenneco Minerals have included: 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.

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 8,000 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.

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: 1 844 863 3622
Email: info@viscountmining.com

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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VISCOUNT MINING ANNOUNCES PHASE 2 DRILL PROGRAM AT ITS SILVER CLIFF PROJECT

 

PRESS RELEASE                                                                                                        September 19, 2017

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQBVLMGF) (“Viscount” or the “Company”) is pleased to announce that its Phase 2 twin drilling program will start shortly at Silver Cliff, Colorado.  Results will assess upside potential and contribute to the verification of historical resources at the nearly flat-lying Kate Silver Deposit which at less than 70 feet (21 metres) depth, and up to 88 feet (27 metres) apparent true thickness, would have open pit mining potential.

Viscount has contracted Arseneau Consulting Services (ACS) to provide overall supervision of the drill program.  Dr. Gilles Arseneau, a professional geologist, has chosen 10 of the Kate Silver Deposit historical drill holes to be twinned.  They will be drilled to an average depth of about 328 feet (100 metres) versus an average of 197 feet (60 metres) for historic drilling at Kate.

Historical records show that deeper rhyolite tuff layers have elevated silver concentrations.  In particular, a number of the few historic holes deeper than 197 feet (60 metres) either ended in or passed through mineralized tuff and Emmons (1896, p. 10) reported “films or stains of metallic sulphides, said to assay high in silver… lining delicate cracks in the tuff” units intercepted when sinking the 2,640-foot (805 metres) Geyser mine shaft approximately 2625 feet (800 metres) southeast of Viscount’s 2016 drill holes.

ACS therefore has chosen to test the potential continuity and grade of deeper mineralized tuff with 5 of the 10 planned holes probing to depths of more than 328 feet (100 metres).  One or more of the holes also will test prominent cross-cutting faults for high grade silver, either in altered adjacent volcanics or in veins within the fault zones.  If the deep drilling locates other horizons with potentially economic concentrations of silver, it will have significant bearing on the next phase of work.

A local geologist with intimate knowledge of Silver Cliff’s geology, Mr. Harald Hoegberg, has been engaged for the permitting process, and on site supervision of the drilling program and to ensure compliance with QA/QC protocol adopted in consultation with the QP and Dr. Arseneau.  Viscount has contracted BDW International Drilling Inc. who will move an NQ coring rig onto the property once permitting has been completed.

In summary, Viscount will continue the process commenced with Phase 1 in 2016 for twinning past drill holes to determine intercept details that have not been available for preparing a valid update of the historical silver resource and will test the potential for multiple mineralized zones that would increase the volume of material accessible by open pit mining.  Dr. Howard Lahti, VP Exploration, stated “I am extremely optimistic that this 2nd phase of drilling will not only advance confidence in the historical silver mineralization reported for the Kate Deposit, but also will demonstrate that there is considerable resource potential at depth.”

Qualified Persons

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”), has prepared, supervised the preparation or approved the scientific and technical disclosure in this news release.

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 2,029 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 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 Minerals resulted in a historical pre-feasibility study which formed the company’s decision to put the property into production. Plans were halted due to the restructuring of Tenneco Minerals after it was sold.   Other companies exploring here besides Tenneco Minerals have included: Freeport, Hecla, Homestake, Moly Corp, Coca Mines. In January 2017, Viscount Mining reported additional high grade silver intersections from the drill program completed in December 2016.

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 8,000 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.

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: 1 844 863 3622
Email: info@viscountmining.com

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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