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Stephen Petranek Appointed to NexOptic Board
http://www.marketwatch.com/story/stephen-petranek-appointed-to-nexoptic-board-2017-01-10-91601040
Jan 10, 2017 (Marketwired via COMTEX) -- VANCOUVER, BC--(Marketwired - January 10, 2017) -
For the audio version of today's news release please visit http://nexoptic.com/investors/news/
NexOptic Technology Corp. ("NexOptic") (otcqb:NXOPF) (NXO) (frankfurt:E301) (berlin:E301) and Spectrum Optix Inc. of Calgary, Canada ("Spectrum,") and together with NexOptic, the "Companies") are pleased to announce that Mr. Stephen Petranek has joined the Board of Directors of NexOptic Technology Corp.
A widely-recognized technology futurist and award-winning author, Mr. Stephen Petranek is the former editor-in-chief of several respected scientific and financial publications. He is also Co-Executive Producer of the National Geographic mini-series "MARS", which is based on, and inspired by, his book, "How We'll Live on Mars," published by Simon and Shuster and the TED Conferences. Petranek's critically acclaimed book was partly a result of extensive conversations and interviews with Elon Musk, CEO of Space-X, and senior management and leading scientists at NASA.
Petranek is the former editor-in-chief of the world's largest scientific magazine, Discover, and was the senior editor for sciences at Life Magazine. Earlier in his career Petranek was the editor of The Washington Post's magazine and editor-in-chief of The Miami Herald's Sunday magazine. Mr. Petranek is also a recipient of the prestigious John Hancock Award for Business and Financial Writing, considered by many to be the Pulitzer of financial writing.
Paul McKenzie, President, and CEO of NexOptic, commented:
"Stephen's tremendous knowledge and his many connections within the scientific community, including to leading technology corporations, combined with his experience with publicly traded companies and ties to financial networks, make him an excellent addition to our team. We are proud to have him join us and very much look forward to working closely with Stephen as we work to advance our Company and our technologies."
Upon his appointment to NexOptic's Board of Directors, Petranek stated:
"I am honored and excited to be joining such an innovative company at the cutting edge of a technological revolution. The team at NexOptic is energetic, dedicated and determined to succeed and I believe that the Blade Optics technology has the potential to completely alter our current concept of how we think of lenses and what they can do. I look forward to being part of a potential disruptive shift in how we observe the world around us."
Stock Option Grant
NexOptic also reports that it has granted an aggregate of 550,000 stock options to employees and consultants having an exercise price of $0.95 and a term of five years.
Further, and at the request of IIROC, NexOptic confirms that, other than as set forth herein, it is not aware of any material change in its operations or affairs that would account for recent increase in the market activity of its common shares. However, as previously disclosed, the Company and Spectrum Optix Inc. ("Spectrum") continue to steadily advance their business strategy, including completing their proof of concept ("POC") imaging prototype, which is in its final stages.
About NexOptic Technology Corp.
NexOptic is a publicly traded company, which has an option to acquire, in the aggregate, 100% of Spectrum Optix Inc., a private corporation. The Companies are, in essence, working as a single corporation at this time, with their respective CEOs sitting on each other's boards of directors. Please see NexOptic's news release dated November 18, 2014 for additional details regarding this relationship.
Spectrum is developing technologies relating to imagery and light concentration applications. Utilizing its patent-pending Blade Optics™ technology, which contains flat lenses, the company aims to disrupt conventional lens and image capture-based systems.
Benefits of Blade Optics™ Technology
The Companies' believe that Blade Optics™ has the potential to breakdown many of the limitations associated with conventional, curved lens stacks, including:
Aperture size: Allowing the aperture-to-depth ratio to be increased in depth-limited optical devices to permit increased resolution compared to conventional curved optical devices with similar depth.
Compactness: Decreasing the depth of the lens stack would create the possibility of more compact and practical imaging devices.
Spectrum is currently developing a proof-of-concept telescope prototype that will utilize its Blade Optics™ technology, other optical elements and electronic components. The prototype is intended to demonstrate the marketable features of Spectrum's Blade Optics™ technology and its potential to serve as a platform to be used in various optical applications. Please see the Companies' joint press release dated May 25, 2016 for the latest progress report on this first of its kind prototype.
NexOptic trades on the OTCQB under the symbol "NXOPF," on the TSX Venture as "NXO," on Frankfurt as "E301" and Berlin as "E301." More information is available at www.nexoptic.com.
On behalf of the Boards of Directors
NexOptic Technology Corp. Paul McKenzie, President & CEO
Spectrum Optix Inc. John Daugela, President & CEO
www.NexOptic.com Look@NexOptic.com +1 (604) 669 - 7330
OTCQB: NXOPF TSX VENTURE: NXO Frankfurt: E301 Berlin: E301
Forward Looking Statements
This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements with respect to expectations concerning the development of its technology, the development of the prototype, the potential applications of Spectrum's technologies and the technology's potential market impacts. The reader is cautioned that forward looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward looking statements. Forward looking statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Companies operate and are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including, among others: risks commonly associated with the development of new technologies, including that the prototype development is at an early stage and additional work will be required to confirm potential applications and feasibility of Spectrum's technologies; the Companies may not be able complete the prototype as currently expected; the potential applications and market assessment set forth in the Study are based on limited studies and may not be representative of the broader market; the risk that the prototype may not achieve results expected by the Companies; NexOptic may not have access to necessary financing on acceptable terms or at all, including, in order to exercise the options under NexOptic's formal agreement with Spectrum and its shareholders or the conditions to NexOptic's options to acquire Spectrum shares may not be otherwise satisfied; and other risks inherent with the patent process, transactions of this type and the business of Spectrum and/or NexOptic. Such forward looking statements should therefore be construed in light of such factors. Other than in accordance with its legal or regulatory obligations, NexOptic is not under any obligation and it expressly disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
Neither the 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 news release.
Image Available: http://www.marketwire.com/library/MwGo/2017/1/10/11G126952/Images/stephen_petranek_news_release-5d206473cf9fa183b01d20b8a5faa188.jpg
NexOptic Technology Corp. Paul McKenzie President & CEO Spectrum Optix Inc. John Daugela President & CEO www.NexOptic.com Look@NexOptic.com +1 (604) 669 - 7330
© 2017 Nasdaq, Inc. All rights reserved.
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
Sumitomo's quest for more gold starts with Viscount Mining
What does Sumitomo know ?
http://www.mining.com/web/sumitomos-quest-for-more-gold-starts-with-viscount-mining/
Japanese giant Sumitomo Corporation is on a quest for gold. Its only exploration-level joint venture is with Viscount Mining. Resource Maven Gwen Preston explores the Viscount proposition, including the historic potential of its Cherry Creek, Nevada, land package and its potential to produce Carlin-type gold.
Sumitomo's quest - Viscount Mining Corp map
Sumitomo Corporation currently has very few exploration-stage joint ventures. One of them has subsidiary Summit Mining International advancing a project owned by Viscount Mining Corp. (VML:TSX.V).
Viscount's flagship asset is the Cherry Creek project in Nevada. And last February Sumitomo, through its subsidiary Summit Mining, signed on to earn 75% ownership by spending $10 million on the project over eight years, in addition to producing a bankable feasibility study at an estimated cost of between $30 million and $40 million.
Why is Sumitomo Corporation interested in Cherry Creek? For its multi-faceted potential.
Cherry Creek is a land package that for many years was divided up among a list of owners, most of whom were not inclined to work together. Viscount's first feat was negotiating with each of these owners and assembling the property for the first time.
"The really enticing aspect of Viscount Mining Corp.'s Cherry Creek is the possibility of Carlin-type gold."
History speaks to part of its potential: Cherry Creek hosts 20 historic mines that produced silver, gold and tungsten between 1872 and 1940. The mines tapped into vein mineralization, the extent and sources of which have never been explored with modern techniques. The possibility of finding more high-grade silver and tungsten is pretty high.
That's interesting, but the really enticing aspect of Cherry Creek is the possibility of Carlin-type gold.
Cherry Creek, Nevada
Cherry Creek, Nevada
The Flint Canyon area of Cherry Creek comprises dissected blocks of the Dunderberg Shale, with Marjum Limestone underneath and Notch Peak Limestone and Pogonip Formation on top.
At nearby deposits the Dunderberg, Notch Peak and Pogonip units are important Carlin gold hosts. At Flint Canyon not only are all three units present, but a second key characteristic also prevails: jasperoid outcrops.
Many Carlin-type gold deposits have been found because jasperoid outcrops along the bedding contacts of mineralization carbonate rocks. At Flint Canyon, the jasperoids appear to lie along the base of the Dunderberg shale and along the Pogonip-Notch Peak contact.
At this point Flint Canyon has only seen mapping, which determined the jasperoid and carbonate bedding relationships just described, and rock chip sampling, which returned gold in 138 of 203 samples.
"Last year, near the end of the season in October, Summit specifically focused on Flint Canyon and its Carlin-type gold characteristics," said Jim MacKenzie, CEO of Viscount Mining. "Based on that work, they are going to make Flint Canyon a very high priority target in 2016. What got them really excited were all the jasperoid occurrences."
MacKenzie couldn't provide any details on Summit's plans for the year because they have not yet been announced, but he did say there's "going to be a significant amount of money put into Flint Canyon this year." The work will start with building roads—and that in itself is notable, as Summit had previously planned to do helicopter work and the decision to build roads suggests the company plans to be there for a while.
Flint won't be the only part of the project getting attention.
MacKenzie says Summit will be mapping, sampling and drilling other targets as well. A detailed exploration plan should be announced shortly.
"What they originally liked about the property: they referred to it as a 'candy store' because of all the targets and the potential for gold, silver, lead, zinc and tungsten," said MacKenzie.
The market has already noticed the significance of the relationship: Viscount's shares are up 160% since last summer.
With almost a decade of junior resource-focused journalism under her belt, Gwen Preston launched Resource Maven. Preston watches the wires, talks to her network and analyzes economics to identify resource news that matters and figure out how to profit. She focuses on early-stage exploration and development stories. Preston has been interviewed on CBC and in Financial Post.
Want to read more Gold Report interviews like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators, visit our Streetwise Interviews page.
Source: Gwen Preston, Resource Maven (3/21/16)
https://www.streetwisereports.com/pub/na/sumitomos-quest-for-more-gold-could-start-with-viscount-mining
Disclosure:
1) The following companies mentioned in the article are sponsors of Streetwise Reports: Viscount Mining Corp. Streetwise Reports does not accept stock in exchange for its services.
2) Gwen Preston: I own, or my family owns, shares of the following companies mentioned in this interview: None. I personally am, or my family is, paid by the following companies mentioned in this interview: None. My company has a financial relationship with the following companies mentioned in this interview: None. I was not paid by Streetwise Reports for writing this article.
3) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer.
4) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their families are prohibited from making purchases and/or sales of those securities in the open market or otherwise during the up-to-four-week interval from the time of the interview until after it publishes.
Source for images and maps: Viscount Mining Corp.
These results are absolutely amazing! Have there ever been such good results?
VML/ VLMGF also drilled 57.2 oz per ton Silver Cliff, Colorado
Assay results for confirmation hole K16-01 drilled at an inclination of minus 60 degrees averaged 1,778 parts per million (also grams per tonne and which equals 57.2 ounces per ton) over 20 feet (6.1 metres) from 60 feet to 80 feet (18.3 metres to 24.4 metres) of core interval.
1st Drill hole announced that I can find so with 42-43 coming in both CO & NEV look out for sure in 2017
http://www.stockwatch.com/Chart/Advanced.aspx?time=1&symbol=VML®ion=C
This is Great News !!
Drilling Update at Viscount's Flint Canyon, Cherry Creek Property in Nevada
http://finance.yahoo.com/news/drilling-viscounts-flint-canyon-cherry-140800666.html;_ylt=A0LEVybWJW1YCU0AzAFXNyoA;_ylu=X3oDMTExN2w1ZXNrBGNvbG8DYmYxBHBvcwMyBHZ0aWQDVUlDMl8xBHNlYwNzYw--?soc_src=social-sh&soc_trk=tw via @YahooFinance
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Drilling Update at Viscount's Flint Canyon, Cherry Creek Property in Nevada
Marketwired MarketwiredNovember 22, 2016
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 22, 2016) - Viscount Mining Corp. (TSX VENTURE:VML)(OTCQB:VLMGF) ("Viscount" or "the Company"), is pleased to provide an update on its flagship Cherry Creek Nevada Property (the "Property"). The Phase 1 drilling commenced at Flint Canyon in early September; and is being managed and funded by Summit Mining Exploration Inc. ("Summit"), a wholly-owned US subsidiary of Sumitomo Corporation, under the Exploration-Earn In Agreement.
The 2016 Phase 4 soil sampling program was completed in late July. A total of 1,250 samples were collected, including those at closer spacing than the 75m by 75m reported in the news release of (August 10, 2016). All were submitted to ALS Global for gold assay and multi-element geochemical analysis. In the central Flint Canyon area, the results reported by Summit show a positive correlation of gold and arsenic to the locations of the jasperoid occurrences and with major faults and regional structures. The soil sample results and geological map data were used for guidance in the drill planning.
A reverse circulation (RC) drill plan was made based on soil anomalies, geologic mapping, and targeting of the jasperoid outcrops. The initial drill program that was reported in the news release of (September 7, 2016) was for 18 holes from 12 drill sites for total of 14,366 feet (4,380 m).
The revised drill plan is for 34 holes from 11 sites for 24,000 feet (7,317 m). Drilling has progressed well and is continuing due to good weather, ground conditions, and short drill rig moves. Currently the program is expected to continue to the end of November.
A map showing the new roads and drill pads at Flint Canyon may be consulted using the following link: http://media3.marketwire.com/docs/Flint_Cayon_Road_and_Drill_Pad_Map.jpg
Mark Abrams, Viscount Technical Advisory Board, stated: "Summit has conducted a very well planned and executed exploration program to date at Flint Canyon. My initial examination of Flint Canyon drill samples shows features typically associated with a Carlin-type gold deposit, including silicification and disseminated fine grained pyrite which are present. We look forward to the continued testing of targets on the property and the analysis of the lab results that will follow."
About Flint Canyon
The 2015 and 2016 mapping at Flint Canyon found the faulting to be more complex than previously indicated on the Adair 1961 geologic base map. Summit's mapping program found that east-west orientated faults and fractures, which are important ore controlling structures at the Ticup and Star Mines, also occur in the area. The Flint Canyon area contains highly dissected fault blocks of the Dunderberg Shale with the underlying Marjum Limestone and overlying Notch Peak Limestone. The Pogonip Formation overlies the Notch Peak and both units are important host rocks for Carlin-type gold mineralization in east-central Nevada.
Jasperoid occurrences in Nevada are extremely significant in context to Carlin-type gold deposits and mineralized jasperoid outcrops are common throughout the Flint Canyon area. They occur principally along the base of the Dunderberg Shale, but other outcrops are found along the Pogonip-Notch Peak contact. Many major gold discoveries have been made based on the presence of outcropping, weakly mineralized jasperoid hosted in and along bedding contacts of carbonate rocks. At Flint Canyon, jasperoid is found in the same carbonate rocks that are prolific host rocks at nearby large gold deposits (Newmont Mining-Long Canyon and Kinross Gold Corporation-Bald Mountain deposits).
The jasperoid beds, interpreted as west dipping tabular features, occur along the base of the Dunderberg Shale and within the Pogonip group limestone. Summit's geological team indicates that the Dunderberg Shale is generally recessive and is exposed mainly along the outcropping contacts with more competent rocks. The Dunderberg appears to be moderately altered throughout its distribution, and, at Flint Canyon, it experienced widespread and significant alteration by hydrothermal fluids. The underlying Marjum Limestone is usually competent and unaltered, while the overlying Pogonip exhibits variable alteration.
Mineralization identified by this work is hosted within and extending out from silica bodies known as jasperoids formed at the Pogonip Limestone/Notch Peak Limestone contact, within the Dunderberg Shale, and within and extending out from jasperoids formed at the Dunderberg Shale/Marjum Limestone contact. Jasperoids form from silica and iron replacement of the limey component of rocks when warm springs carrying silica, iron and potentially metals such as gold circulate through the rock column. As the silica and iron rich waters percolate through the rock, the limey component of the rock dissolves, migrates away and redeposits as calcite veins (calcium carbonate) in areas outboard of the warm spring waters. The host rock, depending on its content of limey material, may form caves or even collapse as the limey component is flushed out. Collapse features have been noted in outcrop and in new road cuts in the anomaly areas of Flint Canyon. This event makes the rock more permeable and allows even more silica rich waters to flow in. As the waters flush in they begin to deposit silica and iron as jasperoids. Gold deposition can occur as part of this process and, in fact, has at Flint Canyon.
The Cherry Creek district, including Flint Canyon, is cut by very deep seated fault structures. These faults would have provided a very good plumbing system that allowed mineralizing waters to circulate through the rock column over a large area. In looking at the gold mineralized rock at Flint Canyon, one can see more than one event of silica, iron and likely gold introduction into the rock. Multiple events like this have been known to drive up the gold grade at other projects and may also have done so at Flint Canyon.
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").
The exploration and drill programs are being managed by David Tretbar, Summit Exploration's Executive Vice President, Exploration and Mineral Resources, a Qualified Person as defined by NI 43-101. Mr. Tretbar is a registered Professional Geologist in Arizona (#48036) and a Certified Professional Geologist (CPG #11086) with the American Institute of Professional Geologists. Mr. Tretbar holds a Master's Degree in Geochemistry from the Mackay School of Mines, University of Nevada Reno.
About Viscount Mining (TSX VENTURE:VML) (VLMGF)
Viscount Mining is an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines. Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property. Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.
For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
About 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. For more information about Sumitomo Corporation, visit www.sumitomocorp.co.jp
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie, President, CEO and Director
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 High Grade Silver Intercept at its Silver Cliff Property in Colorado
http://www.einnews.com/pr_news/358949987/viscount-mining-reports-high-grade-silver-intercept-at-its-silver-cliff-property-in-colorado
- Drill Hole K16-01 assayed 1,778.5 g/t or (57.2 oz/t) silver over 20-ft. or (6.1 m) in a 50-ft. (15.24 m) section averaging 837.4 g/t (26.9 oz/t)
/EINPresswire.com/ -- VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 21, 2016) - Viscount Mining Corp. (TSX VENTURE:VML) (OTCQB:VLMGF) ("Viscount" or "the Company"), is pleased to announce the first drill results from the Silver Cliff property in the Hardscrabble Silver District of Custer County, Colorado (the "Property"). The 2016 drill program that Viscount commenced in mid-November of this year had as its primary objective the confirmation of historical drilling and mineral resource documentation on one of the Silver Cliff deposits known as the Kate Silver Resource (the "KSR"). Nine holes with a total of 1,502 ft. (457.8 m) were completed as part of the drill program and this release is reporting values from K16-01, which was the first hole drilled and assayed at ALS Canada Ltd., at their laboratories in Reno, Nevada, and Vancouver, BC.
Assay results for confirmation hole K16-01 drilled at an inclination of -60° averaged 1,778 parts per million (ppm, i.e. g/t and which equals 57.2 oz/t) over 20 ft. (6.1 m) from 60 to 80 ft. (18.3 to 24.4 m) of core interval. Each analyzed sample in this interval represented 5 ft. (1.52 m). The 50 ft. (15.24 m) of mineralized core from 55 to 105 feet (16.76 to 32.00 m) averaged 837.35 ppm (26.92 oz/t). The collar of K16-01is estimated from historic maps and field evidence to be within 4 ft. (1.2 m) of historical drill hole DDH 73-2 for which reports show 1,927.7 g/t silver over 13.5 m (62 oz/t over 44.29 ft.).
Based on core logging, the mineralization is associated with silica which has replaced locally vuggy limestone of a reef comprised of fossilized stromatolites. Viscount's technical team attributes the difference in silver values between 2016 drill hole K16-01 and historical drill hole DDH73-2 to the fact that such replacement typically is not uniform. The mineralized siliceous zone intersected by K16-01 is located at a depth from which it could be mined efficiently utilizing open pit techniques, and, because the reef appears to be nearly flat-lying, there is potential for lateral extensions of the mineralization.
Kaare Foy, Viscount Chairman stated: "We are extremely pleased with the early results of our 2016 drill campaign at Silver Cliff. The high silver values represent a solid starting point toward addressing our primary goal for Silver Cliff which is to confirm the historical mineral resource and then look to enlarge that resource by extending the drill program outside the perimeter of the original resource on which the PEA was done by Tenneco. Today's release represents a solid cornerstone for this mission and we look forward to reporting further assays from this program as they become available."
Jim Ebisch, Viscount's Project Manager for the 2016 drill program further stated that: "Even given the fact that there is a historical silver resource and PEA completed for the Silver Cliff project, we believe the region containing, and immediately surrounding the KSR is materially underexplored and the historical resource there could be greatly enhanced in the future with just a few strategically placed drill holes. The 2016 drilling shows that the silver mineralization (blue-grey mineralization) is hosted predominantly by a gently-dipping, silicified carbonate reef that formed during a volcanic hiatus. The KSR at this juncture appears to be the result of simple carbonate replacement by silica-rich, silver/lead/zinc-bearing fluids adjacent to interpreted deep seated epithermal veins. These carbonate rock systems replaced by silicification-associated resources are commonly found over large lateral extents and the greatest promise for the KSR may eventually lie in undiscovered stacked horizons, in combination with high-grade epithermal veins that may underlie the KSR."
Future exploration work at Silver Cliff's KSR region will depend on the evaluation of the current confirmatory drill program once all of the assay results have been received and interpreted by Viscount's technical team.
About Silver Cliff Property
The Silver Cliff property lies within the historic Hardscrabble Silver District in Colorado. The Property consists of 96 lode claims where high grade silver, gold and base metal production came from numerous mines during the period 1878 to 1894. It is located 44 miles WSW of Pueblo, Colorado, and has year-around access by paved road. The property underwent substantial exploration between 1967 and 1984. The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals.
The Silver Cliff Property is interpreted to encompass a large caldera and porphyry system which offers 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 dating back to the late 1800s and early 1900s.
Drilling in the 1980s by Tenneco resulted in a historical pre-feasibility study which formed the company's decision to put the property into production. Known historical silver grades range from below detection to a high of 2,125 g/t (68 o/t) Ag over 13.4 metres. Known historical gold grades range from below detection to a high of 9.06 g/t (0.29 o/t) Au over 1.2 metres. Plans were halted due to the restructuring of Tenneco after it was sold.
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 analysis. Prior to transport, individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags that are then shipped. The sample pulps and rejects will be retrieved from ALS. All samples were analyzed for Ag and 50 other elements by ALS method "Ultra Trace Aqua Regia ICP-MS" with code ME-MS41. In the case of Ag determined by this method to be in excess of 100 ppm, a further analysis for Ag was done utilizing method "Ore Grade Aqua Regia ICP-AES" with ALS code Ag-OG46. For the three 5-ft interval samples from K16-01 containing more than 1,500 ppm Ag, the ALS method "Ag 30g FA - GRAV finish WST-SIM" with code Ag- GRA21 was utilized.
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 an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines. Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property. Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.
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
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 Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
11/22/2016 Drilling Update at Viscount's Flint Canyon, Cherry Creek Property in Nevada
http://finance.yahoo.com/news/drilling-viscounts-flint-canyon-cherry-140800666.html
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 22, 2016) - Viscount Mining Corp. (TSX VENTURE:VML)(OTCQB:VLMGF) ("Viscount" or "the Company"), is pleased to provide an update on its flagship Cherry Creek Nevada Property (the "Property"). The Phase 1 drilling commenced at Flint Canyon in early September; and is being managed and funded by Summit Mining Exploration Inc. ("Summit"), a wholly-owned US subsidiary of Sumitomo Corporation, under the Exploration-Earn In Agreement.
The 2016 Phase 4 soil sampling program was completed in late July. A total of 1,250 samples were collected, including those at closer spacing than the 75m by 75m reported in the news release of (August 10, 2016). All were submitted to ALS Global for gold assay and multi-element geochemical analysis. In the central Flint Canyon area, the results reported by Summit show a positive correlation of gold and arsenic to the locations of the jasperoid occurrences and with major faults and regional structures. The soil sample results and geological map data were used for guidance in the drill planning.
A reverse circulation (RC) drill plan was made based on soil anomalies, geologic mapping, and targeting of the jasperoid outcrops. The initial drill program that was reported in the news release of (September 7, 2016) was for 18 holes from 12 drill sites for total of 14,366 feet (4,380 m).
The revised drill plan is for 34 holes from 11 sites for 24,000 feet (7,317 m). Drilling has progressed well and is continuing due to good weather, ground conditions, and short drill rig moves. Currently the program is expected to continue to the end of November.
A map showing the new roads and drill pads at Flint Canyon may be consulted using the following link: http://media3.marketwire.com/docs/Flint_Cayon_Road_and_Drill_Pad_Map.jpg
Mark Abrams, Viscount Technical Advisory Board, stated: "Summit has conducted a very well planned and executed exploration program to date at Flint Canyon. My initial examination of Flint Canyon drill samples shows features typically associated with a Carlin-type gold deposit, including silicification and disseminated fine grained pyrite which are present. We look forward to the continued testing of targets on the property and the analysis of the lab results that will follow."
About Flint Canyon
The 2015 and 2016 mapping at Flint Canyon found the faulting to be more complex than previously indicated on the Adair 1961 geologic base map. Summit's mapping program found that east-west orientated faults and fractures, which are important ore controlling structures at the Ticup and Star Mines, also occur in the area. The Flint Canyon area contains highly dissected fault blocks of the Dunderberg Shale with the underlying Marjum Limestone and overlying Notch Peak Limestone. The Pogonip Formation overlies the Notch Peak and both units are important host rocks for Carlin-type gold mineralization in east-central Nevada.
Jasperoid occurrences in Nevada are extremely significant in context to Carlin-type gold deposits and mineralized jasperoid outcrops are common throughout the Flint Canyon area. They occur principally along the base of the Dunderberg Shale, but other outcrops are found along the Pogonip-Notch Peak contact. Many major gold discoveries have been made based on the presence of outcropping, weakly mineralized jasperoid hosted in and along bedding contacts of carbonate rocks. At Flint Canyon, jasperoid is found in the same carbonate rocks that are prolific host rocks at nearby large gold deposits (Newmont Mining-Long Canyon and Kinross Gold Corporation-Bald Mountain deposits).
The jasperoid beds, interpreted as west dipping tabular features, occur along the base of the Dunderberg Shale and within the Pogonip group limestone. Summit's geological team indicates that the Dunderberg Shale is generally recessive and is exposed mainly along the outcropping contacts with more competent rocks. The Dunderberg appears to be moderately altered throughout its distribution, and, at Flint Canyon, it experienced widespread and significant alteration by hydrothermal fluids. The underlying Marjum Limestone is usually competent and unaltered, while the overlying Pogonip exhibits variable alteration.
Mineralization identified by this work is hosted within and extending out from silica bodies known as jasperoids formed at the Pogonip Limestone/Notch Peak Limestone contact, within the Dunderberg Shale, and within and extending out from jasperoids formed at the Dunderberg Shale/Marjum Limestone contact. Jasperoids form from silica and iron replacement of the limey component of rocks when warm springs carrying silica, iron and potentially metals such as gold circulate through the rock column. As the silica and iron rich waters percolate through the rock, the limey component of the rock dissolves, migrates away and redeposits as calcite veins (calcium carbonate) in areas outboard of the warm spring waters. The host rock, depending on its content of limey material, may form caves or even collapse as the limey component is flushed out. Collapse features have been noted in outcrop and in new road cuts in the anomaly areas of Flint Canyon. This event makes the rock more permeable and allows even more silica rich waters to flow in. As the waters flush in they begin to deposit silica and iron as jasperoids. Gold deposition can occur as part of this process and, in fact, has at Flint Canyon.
The Cherry Creek district, including Flint Canyon, is cut by very deep seated fault structures. These faults would have provided a very good plumbing system that allowed mineralizing waters to circulate through the rock column over a large area. In looking at the gold mineralized rock at Flint Canyon, one can see more than one event of silica, iron and likely gold introduction into the rock. Multiple events like this have been known to drive up the gold grade at other projects and may also have done so at Flint Canyon.
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").
The exploration and drill programs are being managed by David Tretbar, Summit Exploration's Executive Vice President, Exploration and Mineral Resources, a Qualified Person as defined by NI 43-101. Mr. Tretbar is a registered Professional Geologist in Arizona (#48036) and a Certified Professional Geologist (CPG #11086) with the American Institute of Professional Geologists. Mr. Tretbar holds a Master's Degree in Geochemistry from the Mackay School of Mines, University of Nevada Reno.
About Viscount Mining (TSX VENTURE:VML) (VLMGF)
Viscount Mining is an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines. Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property. Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.
For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
About 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. For more information about Sumitomo Corporation, visit www.sumitomocorp.co.jp
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie, President, CEO and Director
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 Commences Drilling on the Silver Cliff Property in Colorado 11/16/2016
http://finance.yahoo.com/news/viscount-mining-commences-drilling-silver-140800539.html
Viscount Mining Commences Drilling on the Silver Cliff Property in Colorado
Marketwired MarketwiredNovember 16, 2016Comment
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 16, 2016) - Viscount Mining Corp. (TSX VENTURE:VML)(OTCQB:VLMGF) ("Viscount" or "the Company"), is pleased to announce it has commenced drilling of its Silver Cliff property in the Hardscrabble Silver District in Custer County, Colorado (the "Property"). The drill program has the objective of confirming the historical documentation on one of the Silver Cliff deposits known as "Kate" and will also include angle holes which will test steeply dipping mineralized structures that have the potential for enhancing historical estimates based on vertical holes that tested flat-lying mineralized bodies.
In late July 2016, the Company completed over thirty line-miles of magnetic geophysical surveying. The resulting extensive data package has subsequently been compiled and clearly shows a good correlation between high magnetic responses and silver mineralization encountered by historical drilling. Not only do the high magnetic responses correlate with known silver mineralization, but there also are other high response zones that remain untested by the drilling.
In this first phase of core drilling, the Company intends to complete 10 holes totaling 2,000 feet (610 m). This program will begin to define the deposits. As stated in previous news releases, the Company on the basis of historical estimates has a target of 40 to 50 million ounces of silver on the Property. However, potential quantity and grade is conceptual in nature, as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
Recent preliminary results of representative, continuous rock chip sampling and geological mapping at a scale of 1:240 around the perimeter of the 7960 bench in the existing aggregate pit shows that silver, manganese, lead, zinc, gallium, and indium are present. Only recently have indium and gallium become of great importance, with indium used in LCD televisions and computer monitors, and, gallium in medical devices, microwave circuits, high-speed switching circuits and infrared circuits. Semi-conductive gallium nitride and indium gallium nitride produce blue and violet light-emitting diodes (LED lights) and diode lasers.
Detailed geologic mapping at a scale of 1:1000 by Viscount geologists done in the vicinity of the Kate Deposit suggests that the polymetallic resource may be a combination of epithermal vein and a carbonate replacement deposit. Previous work considered the Kate Deposit to be of supergene origin. Supergene processes of enrichment produce ore deposits that occur relatively near the surface as opposed to hypogene processes which occur deeper below the earth's surface and result in deposits that are much later discovered after being exposed by erosion and by drilling.
The detailed mapping completed in October 2016 revealed a previously undocumented, silicified carbonate reef complex. The silicification indicates replacement by hydrothermal fluids. Further, both the Kate Deposit and the silicified carbonate reef occupy the same stratigraphic position, directly above an obsidian bed. If the carbonate reef was completely replaced by silica, it would be a very brittle rock, easily shattered by minor tectonic adjustments, creating a breccia whose matrix could become mineralized by hydrothermal fluids from an epi- or hypothermal feeder vein. The discovery of the carbonate reef complex has yielded a completely different genetic model for the Kate Deposit than that proposed by previous geologists.
Jim MacKenzie, Viscount President and CEO stated: "We are very pleased with the ongoing work program at Silver Cliff. With the detailed mapping just completed revealing a previously undocumented new reef complex, we made the decision to adjust the drilling schedule to further investigate this new reef. We are very excited as this newly identified complex represents a possible expansion of Silver Cliff."
About Silver Cliff Property
The Silver Cliff property lies within the historic Hardscrabble Silver District in Colorado. The Property consists of 96 lode claims where high grade silver, gold and base metal production came from numerous mines during the period 1878 to 1894. It is located 44 miles WSW 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 dating back to the late 1800s and early 1900s.
Drilling in the 1980s by Tenneco resulted in a historical pre-feasibility study which formed the company's decision to put the property into production. Known historical silver grades range from below detection to a high of 2,125 g/t (68 o/t) Ag over 13.4 metres. Known historical gold grades range from below detection to a high of 9.06 g/t (0.29 o/t) Au over 1.2 metres. Plans were halted due to the restructuring of Tenneco after it was sold.
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) (VLMGF)
Viscount Mining is an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines. Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property. Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.
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
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 Announces New Highly Anomalous Gold at Flint Canyon, Cherry Creek, Nevada.
Aug 10, 2016
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 10, 2016) - Viscount Mining Corp. (TSX VENTURE:VML)(OTCQB:VLMGF)("Viscount" or "the Company"), is pleased to provide an update on the recently completed Phase 4 soil sampling program (1,250 samples taken) as well as geologic mapping and rock chip sampling programs in the Flint Canyon area of its Cherry Creek Property (the "Property"), which is currently being explored by Summit Mining Exploration II Inc.("Summit"), a wholly-owned US subsidiary of Sumitomo Corporation.
The soil sampling combined with previously announced anomalous rock sample results (October 29, 2015) has yielded gold (Au) and pathfinder element anomalies for Mercury (Hg), Arsenic (As), Antinomy (Sb) and Thallium (Tl) similar in size and tenor to soil and rock geochemical sampling results at other mines and advanced properties in Nevada. These include Kinross Gold's Bald Mountain mine; Newmont Mining's Long Canyon project, Agnico-Eagle's West Pequop project and Pilot Gold's Kinsley Mountain project.
Phase 4 Soil Sampling Program
The Phase 4 soil geochemical survey was concluded and results for gold are included in the May - June activity report issued by Summit for Flint Canyon on the Cherry Creek property. They state that "1250 soil samples have been collected". This includes some samples collected outside the area shown on the accompanying Flint Canyon soil and rock sample maps provided by Summit. Analysis has been by a 51-element + gold ICP procedure (ME-MS41 & Au-TL43) at ALS Labs Limited, of Elko, Nevada. The sample grid spacing is 75m by 75m and tight GPS control.........
Click link >>>
https://www.linkedin.com/pulse/viscount-mining-announces-new-highly-anomalous-gold-flint-hyland
by @JamieHyland on @LinkedIn
Viscount Commences Exploration Program at Silver Cliff, Colorado
http://www.viscountmining.com/news-blog/news-release/viscount-commences-exploration-program-at-silver-cliff-colorado/
“We are very excited to have our geological team on the ground to confirm and build on the historical reserve,” said Jim MacKenzie, President & CEO of Viscount. “We feel that Silver Cliff has the potential for one or more world-class silver deposits that could be defined within the existing claims.”
About Silver Cliff Property
The Silver Cliff property lies within the historic Hardscrabble Silver District in Colorado. The Property consists of 96 lode claims where high grade silver, gold and base metal production came from numerous mines during the period 1878 to 1894. It is located 44 miles WSW 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 dating back to the late 1800s and early 1900s.
Past drilling at Silver Cliff was designed to test only the flat-lying shallow mineralized bodies with vertical holes but not the high-angle mineralized structures which are likely the ultimate controls for the emplacement of these mineralized bodies. This indicates that follow-up drill programs need to include angle holes which will cut these mineralized structures, potentially upgrading the deposits.
Drilling in the 1980s by Tenneco resulted in a historical pre-feasibility study which formed the company’s decision to put the property into production. Known historical silver grades range from below detection to a high of 2,125 g/t (68 o/t) Ag over 13.4 metres. Known historical gold grades range from below detection to a high of 9.06 g/t (0.29 o/t) Au over 1.2 metres. Plans were halted due to the restructuring of Tenneco after it was sold.
In this first phase, the Company has an exploration target of 40 to 50 million ounces of silver. However, potential quantity and grade is conceptual in nature, as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
Qualified Persons
Mark J. Abrams, M.Sc., P.G., R.G., C.P.G., an independent consulting geologist who is a “Qualified Person” reviewed, prepared and supervised the preparation or approval of the scientific and technical content in the news release as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).
Fascinating that SUMITOMO would be so interested in the opportunity with Viscount ! They must have done LOTS of Due Diligence...
Viscount Mining has been honoured as a 2016 TSX Venture 50™
Top 10 Mining company.
http://us11.campaign-archive2.com/?u=af27227ec882462e607807d65&id=3e4fab0509&e=bc168b4408
HARD MONEY ADVISORS
Jay Taylor – TAYLOR HARD MONEY ADVISORS, “Summit Mining Exploration, Sumitomo’s wholly-owned subsidiary, made it known to Viscount in the fall of 2015 that the Flint Canyon area of Cherry Creek exhibits alteration and mineralization characteristic of Carlin-type gold deposits, and has made “Flint Canyon is a very high priority target area” in 2016. Outside of Flint Canyon, on February 4, 2016, Viscount Mining reported what it called “large intervals of silver mineralization,” which included 27.5 metres of 52.0 grams per tonne (g/t) silver. Future upside for this Company could come from its Silver Cliff Project in Colorado, which lies within a silver district where numerous mines produced high-grade silver during 1878 to 1894, and between 1967 and 1984, more than 350 holes were drilled on the property. Thus, Viscount seems to be positioning itself smartly as a prospect generator and should be one to watch if the precious metals market continues to improve. For more insight on Viscount Mining see Jay Taylor’s commentary here >> http://smallcappower.com/top-stories/jay-taylor-puts-buy-recommendation-on-viscount-mining-corp-tsxv-vml-stock/
In The Media
Gwen Preston: Note that while there’s been some buzz building about Gold Standard Ventures Corp. (TSXV: GSV), with its large land holding on the Carlin Trend, following investments from both Goldcorp and OceanaGold (See more insight here), Viscount Mining Corp. (TSXV: VML) could also attract investor attention in the coming months given that its Cherry Creek property on the Pequop trend is comprised of more than 9,000 acres and includes more than 20 past producing mines. The Resource Maven - Gwen Preston : “ Sumitomo’s quest for gold via Viscount’s Cherry Creek” http://bit.ly/1Vk1MuD
Japan's sole gold mine owner readies for overseas acquisitions
http://www.businesstimes.com.sg/energy-commodities/japans-sole-gold-mine-owner-readies-for-overseas-acquisitions
Sumitomo is HUGE !! What do they know ?
Sorry, should be
VLMGF
Looks real good.
TOP TEN REASONS TO BE AN INVESTOR IN
TSX.V: VML – OTCQB: VMLGF
WWW.VISCOUNTMINING.COM
1. SUMITOMO – JV AGREEMENT IN 2015 – Sumitomo Corp. is one of the largest integrated trading and investment companies in japan. They are 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. Owns Mazda. http://www.sumitomocorp.co.jp/english/
2. LOCATION, LOCATION, LOCATION – Cherry Creek project, Nevada and & Silver Cliff project, Colorado are in pro mining states
3. HISTORIC MINING PORTFOLIO IN NEVADA – this is the first time Cherry Creek’s 20 past producing mines have been assembled under single ownership.
4. COMMODITIES – Gold and silver, plus, plus, plus
5. DRILLING – Both projects summer 2016
6. LAND OWNERSHIP – Majority patented land (100% owned)
7. CAPITAL STRUCTURE –
SHARES OUTSTANDING
35,210,673
STOCK OPTIONS
3,121,000
WARRANTS
10,603,047
FULLY DILUTED
48,934,720
Company ownership 60% to officers, directors and insiders…others/float 40%
8. MANAGEMENT TEAM – led by Kaare G. Foy – Chairman – former chairman of Great Panther Silver he took company to $600mm market cap on the NYSE. Prominent, capable, exploration and financing teams
9. LIQUIDITY – trades on the TSX.V and OTCQB
10. EXIT STRATEGY– JV and selling property to produce dividend returns to the investors