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Viscount Mining Corp. (VLMGF)

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Last Post: 11/22/2016 2:30:39 PM - Followers: 5 - Board type: Free - Posts Today: 0
TSX VENTURE: VML) (OTCQB: VLMGF) Viscount Mining is an exploration company with 2 significant drill projects in prime locations in the Western United States, one primarily for gold in Nevada and the other for silver in Colorado. A history of previous news releases are posted on the forum for your perusal. 

The 1st project is their Cherry Creek, Nevada Gold Project that commenced being drilled Sept. 7th, 2016 with $30+ Bn EARN IN PARTNER Sumitomo Corp.  Cherry Creek is comprised of more than 9,000 acres and is surrounded by Newmont Mining (NYSE: NEM) and McEwen Mining (NYSE:MUX).  This ground was only recently consolidated into single ownership by Viscount from 5 families that held approx 3,000 of its acres back as far as the 1850's. 

There is a unique earn in agreement with Sumitomo and of note, this is their only North American exploration project. (http://www.sumitomocorp.co.jp/english/business/

The land package here includes 20 past producing mines: Mascot, Chief of Hill, Big Giant, Little Giant, Ben Butler, Exchequer, Imperial/ New Century, Star Mine, Filmore, Ticup / Motherlode, Pick & Gad, Gray Eagle, National Mine, Old Imperial, Blue Bird, Only Chance, Silver Creek, and the Logan Mine. 

Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement. 

Cherry Creek offers investors a superior jurisdiction with its optimal positioning in Nevada, the largest gold producing region in the US with 73% of all US gold production in 2014. Nevada is now ranked as the 4th largest gold producing jurisdiction in the world. Viscount c/o its Earn In Agreement bears zero expenditure at Cherry Creek giving Viscount significant financial flexibility de-risking its stock from high expenditures and the need to raise funding. 

Viscount's 2nd project is their 100% owned Silver Cliff, Colorado Project that is slated for drilling October - November, 2016. "While Sumitomo manages the Cherry Creek property, Viscount is completing phase 1 exploration of Silver Cliff which is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills also historically referred to as  Colorado's Hardscrabble Silver District.  high grade silver, gold, and base metal production came from numerous mines during the late 1800s, early 1900s.  Its location is 44 miles West Southwest of Pueblo Colorado and has year-around access by paved road. The property underwent substantial exploration between 1967 and 1984 for the purpose of defining mineral inventories. The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals. 

Silver Cliff is thought to overlie a large caldera and porphyry system which increases the prospect's potential to host a number of deposits from both precious metals to base metals. This has been demonstrated in the mineralogy and grade historically extracted from numerous underground mining operations.  The property last underwent substantial drilling in the 1980s by Hecla Mining and Tenneco, resulting in a non  43-101 compliant (as 43-101 Regs. didn't exist  back then)  pre-feasibility study, which led to the Company's decision to put the property into production.  A change of control and direction at Tenneco stalled the project and it has been halted until present day when Viscount negotiated terms and resurrected the project thanks to access of historical records. 

The goal of pending drilling is to confirm the estimated 50 million ounce historical silver resource that reported grades as high as 2,215 g/t silver and 9.06 g/t gold. If Viscount is able to verify the accuracy of this historical resource, then its certainly large enough to move the needle for a major silver producer should Viscount choose to go the Earn in and/or JV route. 

In late March 2016, prior to the completion of a 2 stage $2.3 M CDN Financing in June, 2016 at $0.50 CDN per share, an introductory article came out from well regarded mining and geologist commentarist Gwen Preston entitled “ Sumitomo’s quest for gold via Viscount’s Cherry Creek”  http://bit.ly/1Vk1MuD . Initiation of research coverage commenced August 10th and August 22nd, 2016 and can be read cutting and pasting the following links into your browser.  See http://bit.ly/2bLkZ59 and http://bit.ly/2buei6A as they're extremely helpful for Due Diligence. For more specific information regarding the above noted properties and other corporate info., visit the Company's website at www.viscountmining.com 

See https://en.wikipedia.org/wiki/Silver_mining_in_Colorado for general historical information on mining in Colorado and https://binged.it/2cXXk3S to find Silver Cliff on a map of Colorado. 

About Cherry Creek Earn In Partner Sumitomo Corporation 

Sumitomo Corporation is one of the largest integrated trading and investment companies in Japan. Sumitomo Corporation, a Fortune 500 company, conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in businesses from the information industry to the retailing industry. Summit Mining Exploration, Inc. is a wholly-owned subsidiary of Sumitomo Corporation and is headquartered in Colorado, USA. 
Sumitomo operates through five business segments: 

1. Metal Products, Transportation & Construction Systems 
2. Environment & Infrastructure 
3. Media, Network, Lifestyle Related Goods & Services 
4. Mineral Resources, Energy, Chemical & Electronics 
• Global Revenue of $38.92B – EBITDA: $2.09B – Cash on hand: 8.12B 
• Sumitomo has a market cap of $13.65B 
• Sumitomo worldwide workforce is 66,860 (As of March 31, 2016) 
• Operates in 66 countries with 110 offices 

For more information about Sumitomo Corporation, visithttp://www.sumitomocorp.co.jp/english/business/



 
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#61   11/22/2016 Drilling Update at Viscount's Flint Canyon, kjlars5 11/22/16 02:30:39 PM
#60   Viscount Mining Commences Drilling on the Silver Cliff kjlars5 11/22/16 02:16:41 PM
#59   2016-09-13 - Silver Cliff "Mag" Survey lines up DoYourDDLikeMe 10/03/16 05:32:51 PM
#58   2016-09-07 Drilling has Commenced at Viscount’s Flint Canyon, DoYourDDLikeMe 10/03/16 05:28:50 PM
#57   The 1st mos. of drilling is almost complete DoYourDDLikeMe 10/03/16 03:24:39 PM
#56   VML mention in Resource world Magazine plus other DoYourDDLikeMe 08/16/16 01:17:12 AM
#55   Viscount Mining Announces New Highly Anomalous Gold at kjlars5 08/10/16 12:18:56 PM
#54   1-2 punch with Nevada Gold Au Project & DoYourDDLikeMe 07/14/16 05:09:48 PM
#53   Viscount Commences Exploration Program at Silver Cliff, Colorado kjlars5 07/08/16 11:05:22 AM
#52   PRESS RELEASE June 23, 2016 DoYourDDLikeMe 06/23/16 09:47:47 PM
#51   Interesting history KJ. Reposted what you sent here DoYourDDLikeMe 06/23/16 09:44:12 PM
#50   Fascinating that SUMITOMO would be so interested in kjlars5 06/23/16 11:37:26 AM
#49   Whoa Sumitomo Corp https://en.wikipedia.org/wiki/Sumitomo_Corporation DoYourDDLikeMe 06/23/16 03:13:39 AM
#48   The Resource Maven - Gwen Preston: DoYourDDLikeMe 06/23/16 01:48:05 AM
#47   Struthers Report V22 # 10.2 Short Barometer, Gold DoYourDDLikeMe 06/23/16 01:36:14 AM
#46   June 22nd, 2016 6:20 am PST Approx. DoYourDDLikeMe 06/23/16 01:25:30 AM
#45   June 2, 2016 9:12 AM DoYourDDLikeMe 06/23/16 01:22:47 AM
#44   May 31, 2016 5:12 PM DoYourDDLikeMe 06/23/16 01:20:52 AM
#43   April 25, 2016 9:12 AM DoYourDDLikeMe 06/23/16 01:17:32 AM
#42   April 6, 2016 9:28 AM DoYourDDLikeMe 06/23/16 01:14:13 AM
#41   February 10, 2016 9:07 AM DoYourDDLikeMe 06/23/16 01:10:32 AM
#40   February 4, 2016 9:07 AM DoYourDDLikeMe 06/23/16 01:05:49 AM
#39   January 25, 2016 Top 10 Ranking on TSX DoYourDDLikeMe 06/23/16 01:01:38 AM
#38   Viscount Mining has been honoured as a 2016 kjlars5 04/29/16 12:35:34 PM
#37   HARD MONEY ADVISORS kjlars5 04/28/16 05:54:06 PM
#36   In The Media kjlars5 04/28/16 05:35:57 PM
#35   Japan's sole gold mine owner readies for overseas acquisitions kjlars5 04/27/16 03:05:34 PM
#34   Sorry, should be kjlars5 04/27/16 03:00:09 PM
#33   Looks real good. kjlars5 04/27/16 02:58:21 PM
#32   Viscount Mining Corp Sets 52-Week High; Strong Momentum for DoYourDDLikeMe 12/09/15 03:09:51 PM
#31   VML/VLMGF samples 3.83 g/t Au DoYourDDLikeMe 11/01/15 03:47:25 PM
#30   VML / VLMGF Game on with the DoYourDDLikeMe 10/31/15 02:33:08 AM
#29   Yes, things looking to be going Great with McDigits087 10/28/15 07:53:26 PM
#28   PRESS RELEASE October 29, 2015 DoYourDDLikeMe 10/28/15 07:48:55 PM
#27   Very nice indeed on Canadian Trading side of DoYourDDLikeMe 10/28/15 07:42:07 PM
#26   VERY NICE DAY HERE TODAY! Awesome! McDigits087 10/26/15 09:47:21 PM
#25   Have been doing some research, Cherry pointe could McDigits087 10/25/15 08:36:37 PM
#24   basic chart ## source: stockcharts.com stockcharts.com/c-sc/sc?s=VLMGF&p=D McDigits087 10/25/15 08:35:36 PM
#23   2015-10-14 06:16 ET - News Release DoYourDDLikeMe 10/15/15 09:29:51 PM
#22   2015-10-05 06:21 ET - News Release DoYourDDLikeMe 10/15/15 09:28:28 PM
#21   2015-08-26 16:47 ET - In the News DoYourDDLikeMe 10/15/15 09:27:06 PM
#20   2015-08-05 06:24 ET - News Release DoYourDDLikeMe 10/15/15 09:22:53 PM
#19   2015-07-07 06:21 ET - News Release DoYourDDLikeMe 10/15/15 09:16:00 PM
#18   2015-06-29 06:11 ET - News Release DoYourDDLikeMe 10/15/15 09:07:04 PM
#17   2015-06-09 06:15 ET - News Release DoYourDDLikeMe 10/15/15 08:57:12 PM
#16   2015-05-25 18:58 ET - In the News DoYourDDLikeMe 10/15/15 08:54:53 PM
#15   May 19, 2015 PRESS RELEASE DoYourDDLikeMe 10/14/15 05:09:14 PM
#14   May 13, 2015 PRESS RELEASE DoYourDDLikeMe 10/14/15 04:51:11 PM
#13   April 28, 2015 PRESS RELEASE DoYourDDLikeMe 10/14/15 04:48:23 PM
#12   April 13, 2015 PRESS RELEASE DoYourDDLikeMe 10/14/15 04:45:45 PM
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