VANCOUVER, Canada / Viscount Mining Corp. (TSX VENTURE: VML) (“Viscount” or “the Company”), a mineral resource development company with a portfolio of past producing silver mines and exploration properties on its wholly-owned land in Nevada, is pleased to announce that it has commissioned the development of a 3D GIS model of its flagship project in the Cherry Creek Mining District located in eastern Nevada.
Oliver GeoServices LLC of Colleyville, Texas, has been selected to generate the model with the goal to both inventory past production and to gain a more detailed understanding of the 3D geometry of the various vein systems. The model will be constructed on a digital elevation base and will include all existing land status, geology, geochemistry, geophysics and drill data sets. The model will act as a work in progress with all newly discovered historical data or sample results updated as received in order to increase the overall knowledge base of the prospect.
The Cherry Creek Mining District is located in White Pine County approximately 90km north of Ely, NV. The district has a long history of gold, silver and tungsten production from high-grade vein and replacement deposits. Of significance, the potential exists for Long Canyon-style disseminated gold mineralization on ground controlled by the Company.
“The chief utility of the 3D model is its ability to guide future drilling,” states Kaare Foy, Chairman. “The Cherry Creek District is a target-rich environment that would greatly benefit from modern exploration technologies. Previous work has demonstrated the potential at the Exchequer, Star, Ticup and Motherlode vein systems. A 3D model of the district will provide immediate and tangible benefits to our development program.”
Technical aspects of this news release have been reviewed and approved by Dr. Howard Lahti, a qualified person within the meaning of National Instrument 43-101.
Viscount Mining is a development company with a portfolio of exploration properties in Nevada comprising of 2,700 acres (the majority of the claims are patented claims), all 100% owned including more than 20 past producing silver and gold 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
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
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Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the potential additional silver discovery at the Ticup Mine. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which management believes to be reasonable but which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration and production, (3) a decreased demand for minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company’s property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labor problems; (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, and (8) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements