Viscount Mining Reports Initial Mineral Resource Estimate for Silver Cliff Property in Colorado

PRESS RELEASE                                                                                            May 30, 2018

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce an initial mineral resource estimate prepared by Dr. Gilles Arseneau, Ph.D., P. Geo of Arseneau Consulting Services (“ACS”) in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101 (“NI 43-101”) for its Silver Cliff property in Colorado.

The Kate Silver Resource (the “KSR”) was the first area drilled and is one of four known historical silver deposits on the Silver Cliff property. The KSR comprises of about 36 hectares of the 900 plus hectares at Silver Cliff which Viscount controls.

This initial or maiden silver resource estimate was generated from results documented during two phases of HQ core drilling in 2016 and 2017 totaling 19 holes at the KSR. The two drill programs had as their primary objective the verification of historical drill results to provide a foundational framework towards confirming the historical data reported by Tenneco. Between 1987 and 1990 Tenneco Minerals completed a feasibility study after an intensive drilling campaign and announced plans to construct a $35 million mill at Silver Cliff.

This was the year before the parent company, Tenneco, decided to divest their mineral interests so the decision was reversed in 1991.

 A supporting NI 43-101 Technical Report will be filed on SEDAR at www.sedar.com and on Viscount’s website within 45 days of this release.

 Effective April 15 2018, ACS estimated that the Kate deposit contained 2,064,000 tonnes of Indicated Mineral Resource averaging 84 grams of silver per tonne for 5,560,000 ounces of silver and 3,172,000 tonnes of Inferred Mineral Resource averaging 70 grams of silver per tonne for 7,143,900 ounces of silver.

classification tonnes grade Ag (g/t) ounces silver
Indicated 2,064,000 84 5,560,900
Inferred 3,172,000 70 7,143,900

(1)              Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

(2)             The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.

(3)             The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.

(4)             The Mineral Resources in this report were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council.

 The Mineral Resources were estimated from 133 drill holes, 19 of which were drilled by Viscount in 2016 and 2017.  A three-dimensional solid of the Kate mineralization was generated on north-south sections spaced 25 m apart. All silver grades were capped to 1,000 g/t and composited to 2.5 m prior to estimation.

Mineral Resources were estimated by ordinary kriging using Geovia GEMs Version 6.8.1 modelling software into 10 by 10 by 5 m blocks. All mineralized blocks were assigned a 2.36 t/m3 bulk density. ACS considers that blocks estimated during pass one and from at least 4 drill holes could be assigned to the Indicated category.

Viscount’s two drilling campaigns on the Silver Cliff Property to date targeted the Kate deposit and primarily aimed at verifying the historical drill results. The 2016 drilling was carried out by Godbe Drilling, an independent drilling contractor. All logging was done by contractors employed by Viscount. The 2017 drill program was carried out by BDW International Drilling of Nevada, all cores for the Viscount drilling were HQ in size. Based on Viscount’s technical team assessment of prior work done at the KSR it appears the historical resource was generated using data collected from roughly 285 drill holes completed within the vicinity of the KSR area.

Harald Hoegberg, Viscount Geologist and supervisor of the 2017 drill program stated: The drilling in 2016 and 2017 were in two separate rhyolite units that comprise part of the Silver Cliff caldera complex. It was this caldera complex formation that produced profitable silver mining from this region in the 1880’s.

Both units are highly silver mineralized and this expands the resource potential of Viscount’s holdings.

Additional geologic sampling will most likely enlarge the areas that will be targeted for additional drilling and further increase the resource opportunity. The deposit remains open to the west and possibly to the northeast where a limited amount of drill testing has been conducted.”

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 900 hectares 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 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 exploration is focused in 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 3238 hectares.  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.

Viscount  Mining  Drills  477 g/t  Silver (15.34 oz/t)  over 7.5 meters (24.6 ft) At  Its  Silver  Cliff  Property  In  Colorado

  •  Including
    – 714 g/t (22.96 oz/t) over 3 m (9.84 ft)
    – 338.4 g/t (10.88 oz/t) over 12 m (39.37 ft)
    – 279.6 g/t (8.99 oz/t) over 15 m (49.21 ft)

 PRESS RELEASE                                                                                           March 5, 2018

 

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce the final set of 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 and completed on December 9th 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”). This release is reporting values from DDH P17005, DDH P17008 and DDH 17009.

2017 Drill Holes

Viscount Hole # Historical Hole # From (m) From (ft.) To

(m)

To

(ft.)

Length (m) Length (ft.) Ag

(oz/t)

Ag

(g/t)

P17001 79-02-03 24 78.74 33 108.27 9 29.53 3.65 113.5
P17001 79-02-03 25.5 83.66 28.5 93.50 3 9.84 7.64        237.5
P17002 79-05_CC 0 0 34.5 113.2 34.5 113.2 2.91 90.35
P17002 79-05_CC 12 39.4 30 98.4 18 59 3.88 120.58
P17003 SC-09 15 49.2 21 68.9 6 19.7 1.88 58.5
P17003 SC-09 16.5 54.13 18 59.05 1.5 4.92 2.76          86.0
P17004 77 -07_CC 6 19.7 39 128 33 108.3 2.83 90.35
P17004 77 -07_CC 9 29.5 39 128 30 98.5 3.07 95.48
P17004 77-07 _CC 15 49.2 39 128 24 78.8 3.51 109.04
P17005 88-57 9.5 31.17 24.5 80.38 15 49.21 8.99        279.6
P17005 88-57 11 36.09 14 45.93 3 9.84 22.96        714.0
P17005 88-57 11 36.09 18.5 60.70 7.5 24.61 15.34        477.0
P17005 88-57 11 36.09 23 75.46 12 39.37 10.88        338.4
P17006 88-16 0 0 24.5 80.4 24.5 80.4 4.82 149.88
P17006 88_16 0 0 15.5 50.9 15.5 50.9 6.56 203.90
P17007 88_32 0 0 39 128 39 128 1.38 42.85
P17007 88_32 12 39.4 24 78.7 12 39.3 2.65 82.50
P17008 89_46 38 124.67 44 144.36 6 19.69 1.25         39.0
P17009 89_16 11 36.08 17 55.76 6 19.68 1.95         60.5
P17010 RH27_CAL 13.5 44.3 46.5 152.6 33 108.3 2.57 79.53
P17010 RH27_CAL 33 108.3 46.5 152.5 13.5 44.5 3.95 122.85

Current hole P17005was drilled at -60 degrees and gave the following results: 279.6 g/t (8.99 oz/t) over 15 m (49.2 ft) from 9.5m (31.17 ft) to 24.5 m (80.38ft) including 714 g/t (22.96 oz/t) over 3 m (9.84 ft) from 11  m (36.09 ft) to 14m (45.92 ft). Longer portions of the 15 m interval included: 477g/t (15.34 oz/t) from 11m (36.08 ft) to 18.5 m (60.70ft) and 338.4 g/t (10.88 oz/t) from 11m (36.09 ft) to 23m (75.46 ft). This hole is notable in that it assessed the less tested northern portion of the Kate deposit.  The true thickness of each reported interval of this hole is estimated at 83%.

Current hole P17008 was drilled at -90 degrees and gave the following results: 39 g/t (1.25 oz/t) over 6 m (19.69 ft) from 38 m (124.67 ft) to 44 m (144.36 ft). This hole is notable in that it also assessed the less tested northern portion of the Kate deposit. True thickness of the reported interval for this hole is estimated at 100%.

Current hole P17009 was drilled at -90 degrees and gave the following results: 60.5 g/t (1.95 oz/t) over 6 m (19.69 ft) from 11 m (36.09ft) to 17 m (55.78 ft). This hole is notable in that it assessed the less tested western portion of the Kate deposit. True thickness of the reported interval for this hole is estimated at 100%.

The silver mineralization either parallels the topographic surface or the 3-5° dip of the volcanic stratigraphy. Thus, true thickness is approximated by the drill hole intersections of the vertical holes for which assays are reported in the above table. They are 100% of the vertical drill hole intersections. The vertical holes are P17001, P17002, P17003, P17004, P17008, P17009 and P17010. The other 3 holes were drilled at -60 degrees and true thickness is estimated at 83% of reported intervals

 Harald Hoegberg, Viscount Geologist and supervisor of the 2017 drill program stated: “The drilling in 2016 and 2017 was in rhyolite units which on a visual basis appear to be separate and are part of the Silver Cliff caldera complex.  Both volcanic units are thought to be of Miocene age. The 2016 drilling was done in a white to cream colored unit and the 2017 drilling in what is thought to be a slightly older unit that is also flow banded but highly fractured with pervasive black manganese staining and yellow to red iron staining. The latter hosted profitable silver mining in the 1880’s.

Both units are highly silver mineralized and this expands the resource potential of Viscounts holdings.

Additional geologic sampling will most likely enlarge the areas that will be targeted for additional drilling and further increase the resource opportunity.”

An NI43-101Technical Report of historical and current data from drilling and sampling at its Silver Cliff Project in Colorado in 2016 and 2017 will be released in the 2nd quarter of this year. The report will be a proof of concept updating the historical mineral resource defined by Tenneco in the 1980’s to a current NI43-101 mineral resource.

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’s PI 17005, DDH P17008, DDH 17009 and for the above tabulated 2017 holes. 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).

 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 2,296.98 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 Mining Expands Silver Cliff Through Lease Of Adjacent Property

PRESS RELEASE                                                                                            February 21, 2018

VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce it has signed a term sheet to lease on an additional 267.98 acres of patented claims in the Hardscrabble District as part of the ongoing enhancement of their Silver Cliff silver project.  The Diamond Lode claim is part of this claim block, and enhances the exploration of the Kate deposit. The claim has previously not been available to Viscount for exploration and is a highly prospective mineral tenure contiguous with the Silver Cliff claim block. It is located on the west side of the Kate deposit. Upon completion of the lease Viscount increases the size of the Silver Cliff land package to 2296.98 acres.

Mark Abrams Viscount Director and Geologist stated “The acquisition of this claim block is likely to contribute to the expansion of the Kate deposit.  These other claims will greatly aid in the development of additional targets.”

Highlights of 2016 and 2017 Drill Holes Announced to Date

Viscount has 3 holes left to report. An NI43-101 Report of its historical and current data from drilling and sampling at its Silver Cliff Project in Colorado in 2016 and 2017 will be released in the 2nd quarter of this year. The report will be a proof of concept updating the historical mineral resource defined by Tenneco in the 1980’s to a current NI43-101 mineral resource.

 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. 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).

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 2,296.98 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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