Viscount Mining Commences Drilling at Cherry Creek, Nevada

PRESS RELEASE                                                                                                         November 29, 2018

(TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce it has started a two to four hole (610 metres -1,464 metres) reverse circulation drill program to make an initial test of the Star and Exchequer vein systems. The program will be results driven and will be expanded as needed based on visual inspection of the samples logged on site.

Kaare Foy, Viscount Chairman stated: “In 2012 Snowden completed an NI 43-101 report on Cherry Creek and its geologists, while evaluating the Star mine property identified geological, structural, mineral
and stratigraphical similarities to Newmont’s Long Canyon mine to the north which they purchased for US$2.3 billion in 2011”.

Mark Abrams, Viscount geologist stated: “Assay results received from sampling also demonstrate the poly-metallic character of Cherry Creek’s mineralization. Many of the highest assay values coincide with the known historic mining trends and the structural interpretations across the Cherry Creek property. The distribution of mineralized samples throughout the prospect, and accompanying alteration, suggests good potential for significant metal accumulations.”

Star Mine

The Star vein was the most exploited vein in the Cherry Creek District. In an NI 43 101 completed by Snowden in 2012 they stated that a report was issued by the Nevada State Bureau of Mines in Cooperation with the United States Geological Survey, dated August 1, 1931, as University of Nevada Bulletin No. 14 and entitled “Spruce Mountain District, Elko County and Cherry Creek (Egan Canyon) District, White Pine County”, by F.C. Schrader, Geologist U.S. Geological Survey. On page 35 of this report it is stated that, “…engineers credit the Star mine with a proved reserve of 15,222 tons of ore containing about 30 ounces of silver to the ton and a possible additional reserve equivalent of about 4,000,000 ounces of silver”. The average grade of the ore was reported to be 7.8 grams per tonne (gpt) gold and 22 ounces per tonne silver and lead and zinc about 8 % each (Schrader 1931). The vein is 670 metres long and +250 meters deep based on incomplete production records and data. The best-known ore shoot is 300 metres long. These estimates must be considered as historic and do not meet the National Instrument 43-101 definitions for a resource or reserve as stated in sections 1.2 and 1.3. There has been no opportunity to verify either the grade or size of the reported “ready to mine” reserve, “proved” reserve or “additional reserve equivalent” reserve and therefore the estimates cannot be considered to comply with NI 43-101. Viscount has not completed sufficient work to classify the historical reserve estimate as either a current mineral resource or mineral reserve and Viscount is not treating the historical estimate as a current mineral resource or mineral reserve as defined in NI 43-101. The historical estimates should not be relied upon and therefore have not been used in any form to determine the geology, mineralization or reserve estimation. The Star Mine has never undergone exploration using modern techniques or modern drilling. It is likely there is depth potential similar to what has already been demonstrated by historical mining. There is an additional 370 metres of strike length along the Star vein where exploration drilling may identify additional precious metal resources. Given the potential, the Star Mine warrants a significant exploration drill program to test this potential.

Exchequer Mine, Blue Vein and New Century (Imperial) Mine

Similar to the Star Mine, the Exchequer and New Century (Imperial) mines are historic producers of silver and gold, which have not been adequately evaluated for exploration potential. The Exchequer mine consists of workings on two distinct subparallel veins, emplaced approximately 9 to 18 metres apart along the Exchequer Fault, with disseminated gold and silver in the quartz monzonite wall rocks between the two veins. The southernmost of the two veins is known as the Blue Vein. It is somewhat different than the northern Exchequer Vein in that the metallurgy is less complex and more likely to be amenable to cyanidation.

The Exchequer/Blue Vein/New Century vein structure has the reasonable potential to host an exploration target of silver over 350 metres of strike that includes parts of the Exchequer and New Century mine areas. The original length of the vein in these adjacent historic mines was at least 950 metres long. Surface mapping on other historic mines to the west has followed the vein for 1,200 metres. The additional 600 metres of strike along the Exchequer vein systems represents a substantial gold and silver target with excellent upside.

In a report on from the 2012 NI 43101 on the mineralization that occurs on the subject claims for Goldera Resources Inc., Dr. W.D. Groves, P.Eng. stated on page 3:

“Extensive assaying of ore shoots exposed in workings on Goldera’s three sets of Cherry Creek, Nevada properties has an indicated 47,000 tons of “ready to mine” ore with a weighted average grade of 0.0586
oz. gold/tonne and 24.1 oz. silver/tonne….”
The 47,000 tons are distributed over five locations as follows:
R-1 New Century mine, Upper adit – Blue Vein 10,000 tons
R-2 New Century mine, Shaft and lower levels, 20,000 tons
R-3 Exchequer mine Upper adit – Blue Vein 5,000 tons
R-5 Motherlode mine Open pit 10,000 tons
R-6 Pick & Gad Mine Open Pit 2,000 tons
TOTAL 47,000 tons

This estimate must be considered an historical resource and does not meet the National Instrument 43-101 definitions for a resource or reserve as stated in sections 1.2 and 1.3. There has been no opportunity to verify either the grade or size of the reported “ready to mine” reserve and the therefore the estimate cannot be considered to comply with NI 43-101. Viscount has not completed sufficient work to classify the historical reserve estimate as either a current mineral resource or mineral reserve and Viscount is not treating the historical estimate as a current mineral resource or mineral reserve as defined in NI 43-101. The historical estimate should not be relied upon.

Viscount is currently in the final planning stages for a winter drill program at Silver Cliff to expand the indicated and inferred mineral resource of 12,704,800 ounces of silver announced May 30th of this year. This next phase will continue to confirm the historical data reported by Tenneco in order to expand the current resource and test new targets. 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).

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 2,319.48 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 t he 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 takeover 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 50 miles north of the town of Ely, in White Pine County, Nevada. Cherry Creek consists of over 276 unpatented and 18 patented claims as well as mill rights, and is comprised of more than 6,000 acres. Cherry Creek includes more than 20 past producing mines including Blue Bird, Chance Mine, Filmore, Last Chance, Star, 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.

###

Copyright © 2018 Viscount Mining Corp., All rights reserved.
You are receiving this email because you opted in at our website, at one of our exhibitor booths, or requested information through a marketing program. If this is incorrect please accept our apologies and after unsubscribing you will not be contacted again.

Our mailing address is:
Viscount Mining Corp.
409 – 221 W. Esplanade
North Vancouver, BC V7M 3J3
Canada

Add us to your address book

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Viscount Mining Adds To Silver Cliff Land Position

PRESS RELEASE                                                                                                                 August 22, 2018

Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce it has signed an agreement acquiring leases on an additional 22.5 acres of patented claims in the Hardscrabble District as part of the ongoing enrichment of their Silver Cliff silver project in Colorado. Terms of the agreement include claim payments and a 1.5% NSR.  These claims have previously not been available to Viscount for exploration. These claims bridge the continuity and access to the Kate extension which is a highly prospective mineral tenure contiguous with the Silver Cliff claim block. The claims are located on the south west side of the Kate deposit. This acquisition increases the size of the Silver Cliff land package to 2319.48 acres.

Viscount is currently in the planning stages for a drill program at Silver Cliff to expand the indicated and inferred mineral resource of 12,704,800 ounces of silver announced May 30th of this year. This next phase will continue to confirm the historical data reported by Tenneco in order to expand the current resource. 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.

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 additional claims will greatly aid in the development of additional targets.”

Viscount also announces that it has applied to the TSX Venture Exchange for approval to extend the expiry date of 5,000,000 common share purchase warrants that were issued as part of a non-brokered private placement completed by the Company in August 2017. The Warrants are exercisable for common shares of Viscount at a price of $0.35 per share. The Company is proposing to extend the expiry date of the warrants by an additional two Years (2) to 4:30 p.m., Vancouver time on August 29, 2020. All other terms and conditions of the warrants, including the exercise price, will remain the same. The proposed extension of the expiry is conditional upon the receipt of Exchange approval.

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 2319.48 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 50 miles north of the town of Ely, in White Pine County, Nevada. Cherry Creek consists of over 276 unpatented and 18 patented claims as well as mill rights, and is comprised of more than 6,000 acres. Cherry Creek includes more than 20 past producing mines including Blue Bird, Chance Mine, Filmore, Last Chance, Star, 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.

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.