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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VISCOUNT CLOSES NON-BROKERED PRIVATE PLACEMENT

 

PRESS RELEASE                                                                                                                 August 28, 2017

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQBVLMGF) (“Viscount” or the “Company”) is pleased to announce the completion of a Non Brokered Private Placement raising gross proceeds of $1,250,000 from the issuance and sale of 5,000,000 Units at a price of $0.250 per Unit.  Each Unit consists of one (1) common share (“Common Share”) of the Company and one (1) share purchase warrant (“Warrant”). No new insiders were created, nor any change of control occurred, as a result of this Private Placement.

Each Warrant will entitle the holder thereof to purchase one additional common share of the Issuer (a “Warrant Share”) for a period of 1 year from the Closing Date at an exercise price of $0.35 per Warrant Share.  The Issuer has the right to accelerate the expiry date of the Warrants in the event that the Shares trade on a recognized exchange at more than $0.50 for a 15 day period, which can include days where no Shares trade.

Finder fees were paid totaling $29,575.00 cash and 84,500 broker warrants which will have the same terms and conditions as unit warrants.

The Company intends to use the net proceeds of the Private Placement for a Phase 2 Drill Program to further advance its 100%-owned Silver Cliff property in Colorado as well as for general working capital. This follows the successful Phase 1 Drill Program from last fall, 2016.  Since then Viscount has acquired significant additional historical records from various sources that aided recently-completed surface sampling, geologic mapping, geophysics, geochemistry work.  Viscount’s primary goal is to confirm the historical geological work and resource estimates to substantiate the value of Silver Cliff.

Kaare Foy, Chairman commented, “We are very pleased with the confidence of key investors and their support of the Company as we continue to develop our two key projects at Silver Cliff, Colorado and Cherry Creek, Nevada.”

The table below displays summary data for Viscount’s 2016 “K” series of 2.5-inch diameter holes (HQ core) along with available data for the historic holes which were twinned. 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 true widths are not estimated.

Phase 1 Drilling Assay Results

2016 DDH Results Compared With Holes Twinned
Hole # From (ft.) To (ft.) Dip (°) Length (ft.) oz/t g/t Easting (m) Northing (m)
73-2-CC 54 98 -60 44 67.70 2105.7 460455 4221740
88-1 65 95 -60 30 16.30 507.0
K16-01 55 105 -60 50 26.92 837.4 460455 4221739
including 60 92 32 40.87 1271.1
including 60 80 20 57.18 1778.5
89-27 80 140 -90 60 7.00 217.7 460605 4221831
K16-03 57 112 -90 55 4.55 141.5 460604 4221829
including 82 112 30 7.49 233.0
89-26 50 120 -90 70 5.90 183.5 460575 4221830
K16-04 51 121 -90 70 5.74 178.5 460578 4221827
including 61 121 60 6.54 203.4
including 76 121 45 8.06 250.7
89-53 70 115 -60 45 8.30 258.2 460420 4221650
K16-05 65 110 -60 45 12.57 390.9 460420 4221654
88-2 90 120 -60 30 7.90 245.7 460483 4221830
K16-06 65 130 -60 65 1.05 32.8 460484 4221744
including 100 120 20 1.72 53.6
88-59 75 115 -60 40 4.20 130.6 460451 4221650
K16-07 47 152 -60 105 2.56 79.7 460452 4221650
including 72 137 65 3.94 122.6
including 77 137 60 4.21 131.1
including 92 117 25 8.13 252.8
88-36 115 170 -60 55 4.32 134.4 460513 4221711
K16-08 105 173 -60 68 7.35 228.6 460512 4221710
including 115 173 58 8.55 265.9
88-40 110 135 -60 25 2.99 93.0 460543 4221801
K16-09 85 135 -60 50 4.39 136.5 460542 4221799
including 110 135 25 7.11 221.0

 

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 Canada Ltd. laboratory in Reno, Nevada and Vancouver, BC, 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.

About the 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 the early 1900s. 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 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 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.

Qualified Persons

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 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 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 Appoints Dr. Gilles Arseneau to Complete a NI43-101 Study of Historical and Recent Field Work Results at the Silver Cliff Project, Colorado

PRESS RELEASE                                                                                                                July 18, 2017

VANCOUVER, Canada – Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce the appointment of Dr. Gilles Arseneau to complete a NI43-101 Report of its historical and current data from drilling and sampling at its Silver Cliff Project in Colorado. Dr. Arseneau holds a Ph.D Geology, from Colorado School of Mines, an M.Sc from the University of Western Ontario, 1984, and a B.Sc Univ. of New Brunswick.

Dr. Arseneau’s technical expertise includes evaluating gold and base metal deposits in North, Central, and South America, as well as China and Europe. He has more than 25 years’ experience consulting to mining companies and engineering firms. Since 2010 he has been independent, working as an associate to SRK Canada, fulfilling the role of Principal Geologist mainly responsible for due diligence reviews of mining projects, preparing resource estimates, including scoping and pre-feasibility studies for many types of metal deposits. Prior to SRK, Dr. Arseneau was the Manager of Geology at Wardrop Engineering from 2006 to 2010, supervising 18 staff in 4 offices in Canada, the UK, and China.

Extremely helpful to Viscount will be his insight gained while at the TSX Venture Exchange from 2002 to 2006, serving as Manager of Geology. Dr. Arseneau was the principal technical advisor for all major mining transactions, including reviewing NI43-101 technical reports, reviewing reverse takeovers, and listing applications. From 1997 to 2002, just after he left Echo Bay Mines, Dr. Arseneau established and then managed the Vancouver office for “RPA” (Roscoe Postle Associates Inc). Dr. Arseneau directed ore reserve audits, resource estimations, valuation of exploration properties and business development for gold and base metal projects in the Americas.

Over the years, some of Dr. Arseneau’s clients have included: Teck Mining, Hecla Mining, Nevsun, Silver Standard and Northair Mines.

Chairman Kaare Foy stated, “We are pleased to welcome Dr. Arseneau to the team. His technical expertise will be a tremendous asset reviewing not only our field work and drilling data, but also the newly acquired historical data. This data includes extensive maps of the district showing claims, locations of historic resource estimates, drill holes, township, and infrastructure data. This is all proving to be valuable as we move the project forward.”

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.  Subsequently, there was little activity until the late 1960s to early 1990s when the property underwent substantial periods of exploration and evaluation. 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.  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 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.

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.