Viscount Mining Drilling Update for Silver Cliff in Colorado
Viscount Mining Corp has received additional drill results which have confirmed the recent geophysical and geochemical study at its Silver Cliff property in Colorado. Viscount is currently wrapping up phase 2, and beginning planning for phase 3 of the multi-phase exploration program. This was an experimental phase, and has made us better understand trends that exist in the Kate Resource area. It has helped us define the relationships between geophysical, geochemical expressions and subsurface data. This exercise was successful, and additional surface soil samples have been collected and analysis are pending. Several of the drill holes were designed to test the outer limits of the Kate area, and will guide the phase 3 program, that will be designed to expand the Kate Resource area. An additional three holes were drilled in the Passiflora target, and are currently being analyzed to better understand trends and future exploration targets.
In early March, Viscount Mining conducted an initial soil sampling survey over the Kate East deposit. The results from this 100-sample survey showed the surficial variance of silver concentration, indicating areas of probable silver deposition closer to the surface.
In response to these promising results, Viscount Mining decided to conduct a second round of soil sampling. This second round of soil sampling includes 175 additional samples. 75 of these account for expanding the area of the initial survey, with one line added to the south, and two lines combined to the higher-concentrated northern area. The last 100 samples of this second soil survey are being collected to the northwest of the current known extent of the Kate deposit. Historic drilling around this area shows some silver deposition near the surface, but no recent data has been collected in this region. Results from this second round of soil sampling will aid in guiding future drilling campaigns and could be key in determining the further extent of the Kate deposit. Analytical results from all five holes drilled in the Kate East zone in Spring 2021 have been received.
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 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 historical pre-feasibility study on which basis it was planned to bring the property to production. The plan was abandoned following a takeover by another company.
The Cherry Creek exploration property is in an area commonly known as the Cherry Creek Mining District, located approximately 50 miles north of the town of Ely, White Pine County, Nevada. Cherry Creek consists of 293 unpatented and patented claims as well as mill rights and is comprised of more than 2,442 hectares.
Cherry Creek includes more than 20 past producing mines. In January 2021, Viscount entered into an exploration earn – in agreement with a wholly owned subsidiary of Centerra Gold Inc. Centerra is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide and is one of the largest Western-based gold producers in Central Asia.