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$VLMGF Viscount Mining Fact Sheet
https://www.docsconsultingltd.com/clients/viscount-mining/pdf/Viscount-One-Sheet-Oct%205-2022.pdf
Waiting on drill results from VLMGF partner Centerra Gold.
15 drill holes should be all completed by now and in the lab, so lots of news coming!!
VLMGF: Viscount Mining kicks off Phase 4 drilling at its Silver Cliff property in Colorado
[url]https://ca.proactiveinvestors.com/companies/news/978143/viscount-mining-kicks-off-phase-4-drilling-at-its-silver-cliff-property-in-colorado-978143.html
VLMGF: Viscount Drill Results Uncover a Potential Porphyry System in the Passiflora Region, Silver Cliff, Colorado
[url]https://www.docsconsultingltd.com/clients/viscount-mining/news/2022/Viscount-Drill-Results-Uncover-a-Potential-Porphyry-System-in-the-Passiflora-Region-Silver-Cliff-Colorado.php
[/url][tag]insert-text-here[/tag]
VLMGF: Viscount Mining Receives Results from Phase 3 Field Survey, Silver Cliff Colorado
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2021) - Viscount Mining Corp. (TSXV: VML) (OTCQX: VLMGF) ("Viscount or "the Company") is pleased to announce it has received results from its third phase of the rock chip program at their Silver Cliff property in Colorado.
Highlighted results include:
28 samples assaying over 100 g/t silver.
18 samples assaying over 200 g/t silver.
4 samples assaying over 550 g/t silver including 1330 g/t and 737 g/t in the northern Kate area and 692 g/t and 560 g/t in the south Passiflora area.
Phase 3 of Viscount Mining's Silver Cliff drill program consisting of 13 holes over 881 meters has recently concluded and all of the core samples have been shipped and are currently being assayed. As a supplemental part of Viscount's phase 3 drilling program, 50 surface rock chip samples were collected around the Kate Deposit, Passiflora and surrounding areas. Most of these samples were gathered from century-year-old, shallow mining pits which are found scattered throughout the Silver Cliff region. A map depicting silver concentration of each of these 124 surface samples including 74 local rock chip samples collected back in 2013 is shown below.
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Silver Concentration and Locations
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Twenty eight (28) of these rock chip samples collected at the surface tested over 100 g/t silver, with the highest testing sample assayed 1330 g/t silver. The presence of such high-grade silver deposits being revealed at the surface by shallow, abandoned pits, shows high promise for an eventual open pit mine. Many of these higher testing samples were collected from two locations: the southwest Passiflora and the northern area of the Kate Deposit and extension.
In the southwest Passiflora area, concentrations of silver in collected rock chip samples ranged from 122 G/T to 692 G/T. Though Viscount has done less extensive drilling in the Passiflora, most of the promising mineralization and assay values have come from holes drilled in this southwest region (DDH-20-05 and DDH-21-10). Two of the holes drilled during phase 3 were also located in this area and are currently being assayed. An internal report from CoCa Mines in 1983, estimated a potential resource of 40 million short tons, based on 14 drill holes (not NI 43-101 compliant), with the best intercept reporting to be 256 g/t silver and 1.4 g/t gold. Viscount drilled four holes in the Passiflora in 2020/21 to depths greater than 193 m that showed anomalous silver throughout all, some anomalous gold as well as strong silica and clay alteration and pyritization over most of the holes. Duval Mining geologists had identified a quartz monzonite at shallow depth in the vicinity of the Passiflora mine. Quartz monzonite is a rock that is also commonly associated with porphyry ore bodies. The additional holes at the Passiflora are aimed at identifying this structure.
In the northern area of the Kate Deposit, 15 surface rock chip samples assayed between 71 and 1330 g/t silver, well above the current economic cut-off grade. Seven (7) of these high-grade rock chip samples, including the two highest testing (737 and 1330 G/T), on land outside of the current extent of the ore body as defined by Dr. Gilles Arseneau in 2018. The report titled Mineral Resource Estimate for the Silver Cliff Property, Custer County, Colorado, USA dated April 15, 2018 was 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.
These results support a possible expansion of the ore body, specifically near the surface, both to the West and Northeast. These are areas that were drilled during the third phase. As we await the core results, this collection of surface rock chip results gives us some insight into the silver resource expansion as defined by Dr. Gilles Arseneau in 2018 and for the Phase 4 drill program preparation.
Jacob Hooker, Exploration Manager commented: "The completion of Phase 3 drilling was designed to test outside the boundaries of the Kate Deposit. Upon receipt of the drill results in correlation with the soil samples, the final phase 4 of drilling will be designed to further the understanding of the Kate deposit. The goal of expanding our NI 43-101 resource is meeting and surpassing company expectations."
Tenneco Minerals leased the Kate property in 1987. They had previous drill data available to them, which was the results from 11,930 meters in 249 drill holes that had been done since 1968.The following two years, Tenneco drilled an additional 143 holes totaling 7,949 meters. Based on the accumulated data and feasibility study, Tenneco Minerals made the decision with silver at $5.00 USD an ounce to construct at that time a $35,000,000 USD milling operation for the extraction of the silver reserves at Silver Cliff. Shortly thereafter Tenneco's parent company was sold, and the planned milling operation was abandoned.
Qualified Persons
The scientific and technical information contained in this news release has been reviewed and approved by Harald Hoegberg PG, an independent consulting geologist who is a "Qualified Person" (QP) as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
About Viscount Mining (TSXV: VML) (OTCQX: 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 96 lode claims 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 578 unpatented and 17 patented claims as well as mill rights. 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.
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
Email: info@viscountmining.com
FORWARD-LOOKING STATEMENTS
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Viscount Mining's operations, exploration and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward-looking statements with respect to the Offering, the receipt of required approvals, the timing of thereof and the amount and use of proceeds therefrom. Generally, forward-looking statements can be identified by the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Viscount Mining to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of Viscount Mining's projects, the actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future precious metals prices, as well as those factors discussed in the sections relating to risk factors of our business filed in Viscount Mining's required securities filings on SEDAR. Although Viscount Mining has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Viscount Mining does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. 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 RELEASE.
VLMGF:Viscount Mining Drills 99.6 g/t Silver over 21.6 Meters at Silver Cliff Colorado
Newsfile Corp.
Wed, January 13, 2021, 7:00 AM PST
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2021) - Viscount Mining Corp. (TSXV: VML) (OTCQB: VLMGF) ("Viscount Mining") is pleased to announce the results from our first of 10 holes of the 2020 drill campaign at our Silver Cliff project in Colorado. Hole DDH-20-01 had the purpose of seeing if ore grade mineralization (above 35 g/t silver according to Viscounts 2018 NI 43-101) was continuous from hole K16-05 (390.9 g/t silver over 13.7 meters) in the south, to hole K16-01 (837.4 g/t silver over 15.2 meters), about 81 meters to the north-east.
The new hole, DDH-20-01 assayed 99.6 g/t silver over 21.6 meters from 19.5 meters to 41.1 meters. Strong showings were encountered of 137.9 g/t silver from 19.5 meters to 25.3 meters and 202.7g/t silver, from 35.3 meters to 41.4 meters. This seems to indicate that there may be continuity of the "Kate East Zone". An additional three holes were drilled in this zone, and we are awaiting those results.
Figure 1
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The core from the 10 holes has been submitted to the lab for assays and will be news released when received.
The next phase of the exploration program is planned to commence in early this year. Plans include conducting additional drilling, geophysics, field mapping and sampling in areas that have not received the full attention they deserved during the historic exploration.
Viscount's 2020/2021 drill campaign has three objectives. They are to expand the previously defined Kate resource (the "KSR") with the objective of adding to the ACS resource estimate of the KSR/Kate deposit. Also, to further outline the Kate East high-grade zone as well as moving forward on the evaluation of the resource potential of several other promising targets.
Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody:
All the drilling to date has been core. The company has implemented a rigorous quality assurance/quality control program at the Silver Cliff project. Core is retrieved from then drill site to a locked storage facility, where it is logged and then cut by independent geologists. Half of the core is bagged, and standards, blanks and duplicates are frequently inserted in to the sample stream. These are then boxed and then shipped via UPS to Skyline Labs in Tucson, Arizona. Pulps and rejects will then be retrieved, and stored with the split core at our locked facility.
Qualified Persons
The scientific and technical information contained in this news release has been reviewed and approved by Harald Hoegberg PG, an independent consulting geologist who is a "Qualified Person" (QP) as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
About Viscount Mining (TSXV: 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 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 320 unpatented and patented claims as well as mill rights and is comprised of more than 2,658 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
Email: info@viscountmining.com
FORWARD-LOOKING STATEMENTS
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Viscount Mining's operations, exploration and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward-looking statements with respect to the Offering, the receipt of required approvals, the timing of thereof and the amount and use of proceeds therefrom. Generally, forward-looking statements can be identified by the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Viscount Mining to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of Viscount Mining's projects, the actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future precious metals prices, as well as those factors discussed in the sections relating to risk factors of our business filed in Viscount Mining's required securities filings on SEDAR. Although Viscount Mining has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Viscount Mining does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. 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 RELEASE.
VLMGF: ResourceWorld Magazine Article
Viscount Mining Corp. [VML-TSXV; VLMGF-OTCQB] has entered into an exploration earn-in agreement with a wholly owned subsidiary of Centerra Gold Inc. [CG-TSX]. 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.
The agreement covers the company’s Cherry Creek property located in White Pine County, northeastern Nevada Initially, Viscount will be project manager.
The Cherry Creek Project consists of 320 unpatented and patented claims covering more than 2,658 hectares. The property contains more than 20 past-producing mines where high-grade gold and silver production came from up to the 1920s.
Jim MacKenzie, CEO of Viscount, commented, “We are very pleased to have entered into an agreement with a company of Centerra’s stature and experience, and look forward to a long and mutually beneficial relationship.”
Mark Abrams, vice-president of exploration of Viscount, stated: “Cherry Creek is one of the few remaining underexplored mining districts with geological attributes to the formation of both those in production at nearby Kinross’s Bald Mountain mine, and Newmont’s Long Canyon mine. We are excited to have Centerra bring their exploration and financial strength and join us in exploring the Cherry Creek project.”
Under terms of the agreement, Centerra can acquire a 70% interest in the property by making annual payments of US$250,000 over four years and spending US$8-million on mineral exploration over four years. If Centerra’s option vests, then Viscount and Centerra will enter into a joint venture agreement:
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.
VLMGF: Viscount Mining Completes Phase 1 Drilling At
Silver Cliff Colorado
Viscount Mining Completes Phase 1 Drilling at Silver Cliff Colorado
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2020) - Viscount Mining Corp. (TSXV: VML) (OTCQB: VLMGF) ("Viscount Mining") is pleased to announce it has completed the first phase on November 9th of a three phase drill program at its Silver Cliff property in Colorado.
A total of ten NQ core holes were drilled for a combined length of 2,379 feet (729.8 meters).
Four holes were drilled to further define the Kate East high grade zone. Hole DDH-20-01 drilled in this zone showed some spectacular acanthite mineralization. Acanthite is a common silver mineral in moderately low-temperature hydrothermal veins and in zones of supergene enrichment. Acanthite, a silver sulfide mineral (Ag2S) is the most important mineral of silver in the Kate mineral deposit.
Five of the holes were drilled to expand the resource defined in Viscount's NI 43-101 report by Dr. Gilles Arseneau of ACS in 2018.
Hole DDH-20-05 was drilled in the Passiflora target area. Moderate sulfidation and silcification was encountered at 40 feet (12.1 meters) and continued to 564 feet (179.9 meters). Here, a zone was encountered of marked increase in sulfidation and silicification. This was the target zone based on early historic drilling done in the 1980s. It persisted to about 610 feet (184.5 meters), which was longer than expected. Moderate pyrite was observed to the end of the bore. The core from the 10 holes has been submitted to the lab for assays and will be news released when received.
The next phase of the exploration program is planned to commence in early 2021. Plans include conducting additional drilling, geophysics, field mapping and sampling in areas that have not received the full attention they deserved during the historic exploration.
Viscount's 2020/2021 drill campaign has three objectives. They are to expand the previously defined Kate resource (the "KSR") with the objective of adding to the ACS resource estimate of the KSR/Kate deposit. Also, to further outline the South Kate high grade zone as well as moving forward on the evaluation of the resource potential of several other promising targets.
Qualified Persons
The scientific and technical information contained in this news release has been reviewed and approved by Harald Hoegberg PG, an independent consulting geologist who is a "Qualified Person" (QP) as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
About Viscount Mining (TSXV: 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 hectares where high grade silver, gold and base metal production came from numerous mines during the period 1878 to the early 1900s. 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 320 unpatented and patented claims as well as mill rights and is comprised of more than 2,658 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
Email: info@viscountmining.com
FORWARD-LOOKING STATEMENTS
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Viscount Mining's operations, exploration and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward looking statements with respect to the Offering, the receipt of required approvals, the timing of thereof and the amount and use of proceeds therefrom. Generally, forward-looking statements can be identified by the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Viscount Mining to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of Viscount Mining's projects, the actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future precious metals prices, as well as those factors discussed in the sections relating to risk factors of our business filed in Viscount Mining's required securities filings on SEDAR. Although Viscount Mining has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Viscount Mining does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. 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 RELEASE.
VLMGF:VISCOUNT MINING'S OCTOBER INVESTOR PRESENTATION 2020
This report is provided by Doc's Consulting Ltd
Please contact Craig Doctor if you have any questions.
(604) 278 4656
VISCOUNT MINING OVERVIEW
www.viscountmining.com
SILVER CLIFF –POTENTIALLY THE LARGEST SILVER DEPOSIT IN THE U.S.
Located in the Hardscrabble Silver District, ~225 km south of Denver, consisting of 96 contiguous claims encompassing ~900 hectares
Current 43-101 resource of 12.7M oz
Politically stable, mining-friendly jurisdiction with year-round access by paved road
Strong social environment and highly supportive community
Believed to overlie a large caldera and porphyry system, supported by the mineralogy and grade from the previous operators (high grade silver, gold and base metals)
In 2014, Viscount acquired the property & strategically increased its land holdings
In 2016 to 2017, 1,367m were drilled across 19 holes returning bonanza-type grades as high as 1,768 g/t Ag at the Kate deposit.
–Near surface, open along strike and at depth –amenable to open-pit mining
Currently exploring to expand Kate to evaluate the resource potential of other historic mining areas
Geological mapping suggests that the polymetallic resource maybe a combination of epithermal vein and a carbonate replacement deposit (CRD)
CHERRY CREEK –EXPLORING THE EXTENSIONS OF MAJOR VEINS
Located in Nevada ~50 miles north of Ely, consisting of 320contiguous claims, as well as mill rights. Covering more than 2,658 hectares containing over 20 past producing mines. Documented historical production of:
–312k short tons of mineralized material containing 1.6M oz Ag, 32k oz Au, 144k lbsCu and 832k lbs Pb as well as an undisclosed amount of tungsten related to the World War II effort
SnowdonMining Industry Consultants identified structural, mineralogical and stratigraphic parallels with the sediment-hosted deposit being mined by Newmont at Long Canyon.
Viscount has now consolidated the majority of Cherry Creek’s historical mines
–The district also shares characteristics with Long Canyon (Newmont), Bald Mountain (Kinross), Pequot (Agnico).
In 2015 and 2018, the Company conducted drilling programs totaling 2,658m
In 2019, a thesis was completed by David Freedman on the Cherry Creek District under the direction of Dr. Ressel–Former Chief Geo. of Newmont North America.
To see a full Investors Presentation Please click here: https://www.docsconsultingltd.com/clients/viscount-mining/VMLOctober2020Presentation.pdf
Viscount Mining Samples 1925 g/t Silver and 76g/t Gold and Adds Claims at Cherry Creek Property in Nevada
VANCOUVER, Canada –- October 20, 2020 Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”) has expanded the claim block on their 100% controlled Cherry Creek Project in eastern White Pine County, Nevada. The company staked 24 unpatented lode claims in the southeast part of the project, adjacent to an area of prolific historic gold and silver mining. Precious metal mineralization in the area commonly occurs in quartz veins with several distinct orientations hosted by quartzite and interbedded phyllite. Review and reinterpretation of existing surface geochemical data identified three untested gold and silver exploration targets, including: New Century Mine East, Rattlesnake Canyon and Nitown.
The New Century Mine is a historic gold and silver producer on the east end of an east-west trending mineralized vein that includes the past-producing Exchequer Mine. Gold and silver ore in the New Century occurred in near-vertical quartz veins and breccia zones in a quartzite host rock. The East New Century Mine target occurs along a projected eastern extension of the New Century vein. The extension is defined by an east-striking quartz vein, with local large resistant outcrops of jasperoid and silicified quartz breccia that occur at intersections between the veins and north-striking high-angle faults. A sample of a brecciated quartz vein outcrop along the eastern extension contained a gold concentration of 1.69 g/t and 320 g/t Ag. Another sample taken approximately 600 meters to the east of the previous sample, contained 16.95 g/t Au and 1925 g/t Ag. This indicates that the extension could have a strike length on the order of 800 meters. Jasperoid breccia outcrops contained elevated gold (0.034 g/t) and silver concentrations (2.65 g/t), although were not extensively sampled.
Further east of the New Century Mine, samples from the dumps of two small prospects in the Rattlesnake Canyon area contained gold concentrations of 76 g/t and 7.5 g/t. The samples came from quartz veins that possibly strike to the north in quartzite. The 76 g/t sample represents the highest gold value in a rock-chip sample on the Cherry Creek project. Beyond local rock-chip sampling, little exploration or evaluation work has been done in this area.
The Nitown target occurs along a ridge with scattered workings and mining disturbance several hundred meters southeast of the Star Mine, the largest historic gold and silver mine on the property. The exploration target is defined by gold concentrations in soil samples. The gold in soils anomaly includes four soil samples of greater than 100 ppb Au, two of which are greater than 700 ppb Au. The samples occur in an elongated southeast trend that is approximately 800 meters long. Rock-chip sampling, additional geologic mapping, and possible trenching are warranted to evaluate this target.
Work plans are currently being formulated to evaluate these targets along with other known targets on the property.
QC and Analytical Procedures
The soil and rock chip analytical packages have been conducted by ALS Labs Limited, of Elko, Nevada. Soil samples were collected and analyzed by a 58 elements via ME-MS61 and AuAA-23, with over limit analyses for Au, Ag, Pb, Zn and Cu. Rock Chip samples were collected and analyzed by a 58 elements via ME-MS61 and AuAA-23, with over limit analyses for Au, Ag, Pb, Zn and Cu. Consult the ALS website for more information on the analytical packages being used on the Cherry Creek samples: http://www.alsglobal.com/Our-Services/Minerals/Geochemistry/Service-Schedule
Qualified Persons
The scientific and technical information contained in this news release has been reviewed and approved by Harald Hoegberg PG, an independent consulting geologist who is a "Qualified Person" (QP) 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 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.
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
Email: info@viscountmining.com
FORWARD-LOOKING STATEMENTS
This news release includes certain statements that may be deemed “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Viscount Mining’s operations, exploration and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward looking statements with respect to the Offering, the receipt of required approvals, the timing of thereof and the amount and use of proceeds therefrom. Generally, forward-looking statements can be identified by the forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “projects”, “intends”, “anticipates”, or “does not anticipate”, or “believes”, or “variations of such words and phrases or state that certain actions, events or results “may”, “can”, “could”, “would”, “might”, or “will” be taken”, “occur” or “be achieved”. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Viscount Mining to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of Viscount Mining’s projects, the actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future precious metals prices, as well as those factors discussed in the sections relating to risk factors of our business filed in Viscount Mining’s required securities filings on SEDAR. Although Viscount Mining has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Viscount Mining does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. 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 RELEASE.
VLMGF: Viscount Mining Commences Drilling Silver Cliff Colorado
Vancouver, British Columbia--(Newsfile Corp. - October 14, 2020) - Viscount Mining Corp. (TSXV: VML) (OTCQB: VLMGF) ("Viscount Mining") is pleased to announce it has commenced the first phase of a three phase drill program at its Silver Cliff property in Colorado.
Viscount's 2020 drill campaign has three objectives. They are to expand the previously defined Kate resource (the "KSR"). Also to further outline the South Kate high grade zone and to test new targets. Five of the planned holes are East, North and West of the resource defined by Dr. Gilles Arseneau in his 2018 NI 43-101 report. Four drill holes are to start to define the south Kate high grade zone. If this is successful, it will potentially improve the grade of the KSR
Many of the historic holes had been drilled for Tenneco Minerals at the KSR between 1987 and 1990, following which the company completed a feasibility study for open pit mining of silver and announced plans to construct a $35,000,000 milling operation at Silver Cliff. Shortly thereafter, the parent company, Tenneco was sold and the new owners decided to divest their mineral interests and the decision was reversed in 1991.
Viscounts 2016 and 2017 drill campaigns was to confirm historic drilling in the KSR. This was necessary, since the core and RC chips from the previous drilling had been lost, and only incomplete assay results are known. Based on the data collected by Viscount, and the selected historic drilling data, Dr. Gilles Arseneau estimated that the Kate deposit contained 2,064,000 tonnes of Indicated Mineral Resource averaging 84 g/t of silver for 5,560,000 ounces of silver and 3,172,000 tonnes of Inferred Mineral Resource averaging 70 g/t of silver for 7,143,900 ounces of silver.
Hole ID Length (m) Grade (gpt silver)
DDH-73-2 13.3 2,102.7
89-26 5.92 181.1
89-27 18.2 218.0
89-28 5 654.7
88-47 7.6 160.2
K16-01 6.1 1778.0
K16-03 9.15 233.0
In the above table, all but K16-01 and K16-03 are from historic data. The Kate high grade zone is 82 meters in strike length, and open to the north east, and potentially to the north. The historical data in the summary table used a 2 opt cut-off grade and total depth of the holes are not known.
Two holes will test new targets. One of the holes in the Kate high grade zone will be drilled past the high grade to test the hypothesis that a second mineralized zone exists at depth. The other drill hole will test the Passiflora target. Historic drilling has showed significant silver and gold intercepts. An internal report from CoCa Mines in 1983, estimated a 40 million ton resource, but this is not NI 43 101 compliant. The historic data reported that 14 holes were drilled in the Passiflora area with the best silver grade being 256 gpt, and best gold 1.4 gpt.
Viscount will be continuing to drill with the objective of adding to the ACS resource estimate of the KSR/Kate deposit, as well as moving forward on the evaluation of resource potential of several other promising targets.
Qualified Persons
The scientific and technical information contained in this news release has been reviewed and approved by Harald Hoegberg PG, an independent consulting geologist who is a "Qualified Person" (QP) as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
About Viscount Mining (TSXV: 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 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.
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
Email: info@viscountmining.com
FORWARD-LOOKING STATEMENTS
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Viscount Mining's operations, exploration and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward looking statements with respect to the Offering, the receipt of required approvals, the timing of thereof and the amount and use of proceeds therefrom. Generally, forward-looking statements can be identified by the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Viscount Mining to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of Viscount Mining's projects, the actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future precious metals prices, as well as those factors discussed in the sections relating to risk factors of our business filed in Viscount Mining's required securities filings on SEDAR. Although Viscount Mining has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Viscount Mining does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. 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 RELEASE.
VLMGF: Viscount Mining Announces Closing of Over Subscribed Non - Brokered Private Placement
VANCOUVER, British Columbia, Jul 29, 2020 (GLOBE NEWSWIRE via COMTEX) -- VANCOUVER, British Columbia, July 29, 2020 (GLOBE NEWSWIRE) -- Viscount Mining Corp. (TSX-V: VML) (OTCQB:VLMGF) ("Viscount Mining") is pleased to announce it has closed its non-brokered private placement (the "Private Placement") with the assistance of IBK Capital Corp announced by news release dated July 23, 2020. The private placement was originally announced for total gross proceeds of up to $4,000,000 however Viscount filed a price reservation form to increase the size of the Private Placement to total gross proceeds of $5,000,000 with and as sought approval for an over-allotment of 15% for a total of $5,750,000.
The closing comprises 23,958,332 units of the Company (each a "Unit") at a price of $0.24 per Unit. Each Unit consists of one common share of the Company (a "Share") and one transferrable Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share at a price of $0.32 for term of 2 years following closing, being July 29, 2022 (the "ExpiryDate").
Net proceeds from the Offering, are expected to be used for the exploration and development of the Viscount Mining mineral property interests and ongoing working capital requirements.
In connection with the closing the Company will pay cash commissions of $343,610 and issue 1,426,964 finder's warrants pursuant to and in accordance with applicable securities laws and Exchange policy. The finder's warrants have the same terms as the Warrants.
The transaction constituted a related party transaction within the meaning of Multilateral Instrument 61-101 ("MI 61-101") as a policy of the TSX Venture Exchange, there were directors and insiders of the Company that participated and together subscribed for an aggregate of 1,096,958 Units pursuant to the Offering. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Offering by the insider does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.
The Offering is subject to TSX Venture Exchange approval. There will be a hold period of four months and one day on all securities issued under this financing.
Viscount is in the final planning stages of preparing for a drill program beginning in August at Silver Cliff, Colorado, where we have an open pit resource which we expect to expand.
The Silver Cliff project consists of 96 contiguous patented and unpatented lode claims encompassing approximately 900 hectares in the Hardscrabble Silver District, Custer County, south-central Colorado. The project lies immediately north of the town of Silver Cliff and Westcliffe and is 50 kilometers south of Canon City, 88 kilometers west-southwest of Pueblo and 225 kilometers south of Denver.
The Kate Silver Resource (the "KSR") has been extensively drilled since the 1960's, and is one of four known historic silver deposits on the Silver Cliff property. The KSR underlies approximately 36 hectares or 4% of the 900 hectares at Silver Cliff which Viscount controls.
The initial KSR silver resource estimate for Viscount was prepared in April 2018 by Gilles Arseneau, Ph.D., P. Geo., of Arseneau Consulting Services ("ACS") in accordance with CIM standards incorporated by reference in National Instrument 43-101 ("NI 43-101") using results from 19 cored HQ holes drilled in two phases in 2016 and 2017 plus results from historic holes verified by the 2016-17 programs as assessed by ACS.
Many of the historic holes had been drilled for Tenneco Minerals at the KSR between 1987 and 1990, following which the company completed a feasibility study for open pit mining of silver and announced plans to construct a $35,000,000 milling operation at Silver Cliff. Shortly thereafter, the parent company, Tenneco was sold and the new owners decided to divest their mineral interests and the decision was reversed in 1991.
Of Viscount's two drilling campaigns on the KSR/Kate deposit, nine holes totalling 455.2 metres were drilled in 2016 and ten additional holes totalling 912.1 metres were drilled in October of 2017. The drilling programs were primarily aimed at verifying the historical drill results. The best intersections from the 2016 and 2017 drilling according to ACS are:
Hole # From (m) To (m) Interval (m) Ag (g/t)
K16-01 Including Including 18.29 18.29 24.38 32.00 24.38 28.04 13.71 6.09 3.66 924.0 1,768.0 427.0
K16-03 Including 17.37 24.99 34.14 34.14 16.76 9.14 141.5 241.5
K16-04 Including 18.59 27.74 36.88 35.36 18.29 7.62 204.0 380.0
K16-05 including 19.81 25.91 33.53 32.00 13.72 6.09 390.6 762.0
K16-08 Including 32.00 39.62 52.73 50.29 20.73 10.67 230.0 403.0
K17-02 including 1.50 12.00 34.50 30.00 33.00 18.00 93.0 120.5
K17-04 Including 18.00 22.50 39.00 34.50 21.00 12.00 121.7 180.8
K17-05 including 9.50 11.00 24.50 18.50 15.00 7.50 279.6 477.0
Effective April 15 2018, ACS estimated that the Kate deposit contained 2,064,000 tonnes of Indicated Mineral Resource averaging 84 g/t of silver for 5,560,000 ounces of silver and 3,172,000 tonnes of Inferred Mineral Resource averaging 70 g/t of silver 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.
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/m3bulk density. ACS considers that blocks estimated during pass one and from at least 4 drill holes could be assigned to the Indicated category.
Viscount will be continuing to drill with the objective of adding to the ACS resource estimate of the KSR/Kate deposit as well as moving forward on the evaluation of resource potential on 3 other areas of historic deposits at Silver Cliff.
Qualified Persons
The scientific and technical information contained in this news release has been reviewed and approved by Harald Hoegberg PG, an independent consulting geologist who is a "Qualified Person" (QP) 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 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.
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
Email: info@viscountmining.com
FORWARD-LOOKING STATEMENTS
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Viscount Mining's operations, exploration and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward looking statements with respect to the Offering, the receipt of required approvals, the timing of thereof and the amount and use of proceeds therefrom. Generally, forward-looking statements can be identified by the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Viscount Mining to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of Viscount Mining's projects, the actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future precious metals prices, as well as those factors discussed in the sections relating to risk factors of our business filed in Viscount Mining's required securities filings on SEDAR. Although Viscount Mining has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Viscount Mining does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. 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 RELEASE.
VLMGF: Viscount Mining Arranges $4-Million Financing
Viscount Mining Corp
Symbol VML
Shares Issued 54,802,129
Close 2020-07-22 C$ 0.355
Recent Sedar Documents
View Original Document
Viscount Mining arranges $4-million financing
2020-07-23 08:57 ET - News Release
Mr. Jim MacKenzie reports
VISCOUNT MINING CORPORATE UPDATE
Viscount Mining Corp. has arranged a non-brokered private placement with the assistance of IBK Capital Corp. for the sale of up to 16,666,667 units of Viscount Mining at a price of 24 cents per unit for gross proceeds of up to $4-million. Each unit will consist of one common share and one common share purchase warrant, with each warrant exercisable to acquire one additional share at a price of 32 cents per warrant share for a period of two years following the closing date of the offering.
Net proceeds from the offering are expected to be used for the exploration and development of the Viscount Mining mineral property interests and continuing working capital requirements.
The final closing expected to occur on or before Tuesday, July 28, 2020. Completion of the offering is subject to certain conditions, and receipt of all necessary regulatory approvals, including TSX Venture Exchange approval. All securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The company will be paying a finder's fee or commission on a portion of the private placement.
Viscount is in the final planning stages of preparing for a drill program beginning in August at Silver Cliff, Colorado, where the company has an open-pit resource which it expects to expand. The Silver Cliff project consists of 96 contiguous patented and unpatented lode claims encompassing approximately 900 hectares in the Hardscrabble silver district, Custer county, south-central Colorado. The project lies immediately north of the town of Silver Cliff and Westcliffe and is 50 kilometres south of Canon City, 88 kilometres west-southwest of Pueblo and 225 kilometres south of Denver.
The Kate silver resource (the KSR) has been extensively drilled since the 1960s, and is one of four known historic silver deposits on the Silver Cliff property. The KSR underlies approximately 36 hectares or 4 per cent of the 900 hectares at Silver Cliff which Viscount controls.
The initial KSR silver resource estimate for Viscount was prepared in April, 2018, by Gilles Arseneau, PhD, PGeo, of Arseneau Consulting Services (ACS), in accordance with CIM standards incorporated by reference in National Instrument 43-101 using results from 19 cored HQ holes drilled in two phases in 2016 and 2017 plus results from historic holes verified by the 2016 to 2017 programs as assessed by ACS.
Many of the historic holes had been drilled for Tenneco Minerals at the KSR between 1987 and 1990, following which the company completed a feasibility study for open-pit mining of silver and announced plans to construct a $35-million milling operation at Silver Cliff. Shortly thereafter, the parent company, Tenneco was sold and the new owners decided to divest their mineral interests and the decision was reversed in 1991.
Of Viscount's two drilling campaigns on the KSR/Kate deposit, nine holes totalling 455.2 metres were drilled in 2016 and 10 additional holes totalling 912.1 metres were drilled in October of 2017. The drilling programs were primarily aimed at verifying the historical drill results. The best intersections from the 2016 and 2017 drilling according to ACS are as displayed in the attached table.
Hole No. From To Interval Ag
(m) (m) (m) (g/t)
K16-01 18.29 32.00 13.71 924.0
Including 18.29 24.38 6.09 1,768.0
Including 24.38 28.04 3.66 427.0
K16-03 17.37 34.14 16.76 141.5
Including 24.99 34.14 9.14 241.5
K16-04 18.59 36.88 18.29 204.0
Including 27.74 35.36 7.62 380.0
K16-05 19.81 33.53 13.72 390.6
including 25.91 32.00 6.09 762.0
K16-08 32.00 52.73 20.73 230.0
Including 39.62 50.29 10.67 403.0
K17-02 1.50 34.50 33.00 93.0
including 12.00 30.00 18.00 120.5
K17-04 18.00 39.00 21.00 121.7
Including 22.50 34.50 12.00 180.8
K17-05 9.50 24.50 15.00 279.6
including 11.00 18.50 7.50 477.0
Effective April 15, 2018, ACS estimated that the Kate deposit contained 2,064,000 tonnes of indicated mineral resource averaging 84 g/t of silver for 5.56 million ounces of silver and 3,172,000 tonnes of inferred mineral resource averaging 70 g/t of silver for 7,143,900 ounces of silver.
Classification Tonnes Grade Ag (g/t) Silver (oz)
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.
Mineral resources were estimated by ordinary kriging using Geovia GEMs version 6.8.1 modelling software into 10 by 10 by five m blocks. All mineralized blocks were assigned 2.36 tonnes per cubic /m bulk density. ACS considers that blocks estimated during pass one and from at least four drill holes could be assigned to the indicated category.
Viscount will be continuing to drill with the objective of adding to the ACS resource estimate of the KSR/Kate deposit as well as moving forward on the evaluation of resource potential on three other areas of historic deposits at Silver Cliff.
Qualified persons
The scientific and technical information contained in this news release has been reviewed and approved by Harald Hoegberg, PG, an independent consulting geologist who is a qualified person (QP) as such term is defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.
About Viscount Mining Corp.
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 west-southwest of Pueblo, Colo., and has year-around access by paved road.
We seek Safe Harbor.
© 2020 Canjex Publishing Ltd. All rights reserved.
VLMGF:
Viscount Likes a Lot of Silver- Bob Moriarty of 321gold explains why he has invested in this silver explorer with a project in Colorado.
https://www.docsconsultingltd.com/clients/viscount-mining/news/2020/Bob-Moriarty-of-321gold-Viscount-Likes-a%20Lot-of-Silver.php
VLMGF: Viscount Mining Investor Fall Presentation
https://www.docsconsultingltd.com/clients/viscount-mining/Viscount-Investor-Presentation-Fall2019.pdf
VLMGF:Viscount Mining Provides Corporate Update
VANCOUVER, Canada – Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to provide a corporate update and review of our two properties located in Cherry Creek, Nevada, and Silver Cliff, Colorado.
Jim MacKenzie, Viscount CEO, stated “We are very excited by the prospects for the company in the coming year. After much uncertainty in the junior resource sector we believe we are well positioned with two strong properties located in the United States. Viscount is very encouraged by the potential at Cherry Creek, Nevada, with 20 past producing mines and at Silver Cliff, Colorado, where we have an open pit discovery which we expect to expand with future drill programs.”
1. Cherry Creek Nevada
The Cherry Creek property is 100% owned by Viscount and consists of 276 contiguous unpatented and 17 patented claims as well as mill rights. This 2,434 hectare property encompasses more than 20 past producing gold and silver mines with the three largest of these historic mines being the Exchequer/New Century, the Ticup and the prolific Star Mine. In 2013, Snowden Mining Industry Consultants Inc. completed a NI 43-101 Technical Report on Cherry Creek. Their geologists, while investigating the area of the historic Star mine, ranged to the west into the Flint Canyon area and identified structural, mineralogical and stratigraphic parallels with the sediment-hosted deposit being mined by Newmont Goldcorp Corp. at Long Canyon 96 kilometers to the north and which was purchased for US$2.3 billion in 2011.
On September 25th, Viscount announced receipt of a thesis completed by David J. Freedman on the Cherry Creek Mining District as partial fulfillment of the requirements for a Master of Science degree in Geology at the University of Nevada, Reno, Ralph J. Roberts Center for Research in Economic Geology (CREG) under the direction of advisor Dr. Michael W. Ressel, Ph.D., a research geologist with the Nevada Bureau of Mines and Geology. Previously, Dr. Ressel was Newmont Mining’s Chief Geologist for North America.
Mr. Freedman’s thesis documents a large, long-lived hydrothermal system and shows abundant evidence of hydrothermal-induced mineralization (metals carried by hot water and deposited in favorable rocks, and structures, etc.). This large hydrothermal footprint encompasses nearly eight square kilometers of favorable structures and stratigraphy; and, is responsible for the metallic mineralization that has allowed over 20 historical mines to operate in the district. The thesis documents the various mineral occurrences and relates them to each other in time and space, which is extremely useful for pursuing exploration targets because Viscount can now use this work to help develop a model of the mineralizing events and to a degree predict where the next deposits might be located.
Historic Mining
Cherry Creek has historically documented production of 312,012 short tons of mineralized material that yielded 32,450 ounces of gold, 1.6 million ounces of silver, 144,000 pounds of copper and 832,000 pounds of lead from more than 20 historic silver and gold mines including the Exchequer/New Century, Ticup/Motherlode and the Star Mine.
Geologically, the majority of the historic mines produced from vein deposits in numerous Precambrian to Triassic-age quartzites, shales, limestones and dolomites, mostly in the Prospect Mountain Quartzite and the Cambrian Carbonate Formations. The two largest were the Exchequer/New Century Mine and the Star Mine. Both ceased operations in the 1920s. F.C. Schrader reports on the historical resources at the Exchequer/New Century and Star mines in (Schrader, Frank C., 1931, Spruce Mountain District Elko County and Cherry Creek (Egan Canyon) District White Pine County, Nevada State Bureau of Mines, University of Nevada Bulletin No. 7). In this report, Schrader comments on the Star mine as follows: “The mineralized material at Star mine is said to average about a quarter of an ounce in gold and 20 ounces in silver to the ton, and about 8% each in lead and zinc. Some of the mineralized material, however, is very rich in both gold and silver and is said to run as high as 800 ounces in silver to the ton”.
The data disclosed by Schrader in 1931 has not been verified by a qualified person as defined in NI 43-101 because the actual production records are not known to be available for examination.
Work Programs
The 2014 sampling results indicate widespread occurrences of anomalous to high grade gold, silver, and base metal mineralization thereby confirming the information cited in historic reports.
From the 302 samples collected, 17 assayed greater than 1 g/t gold with 7 assaying greater than 10 g/t gold and a high value of 76.9 g/t or nearly 2.5 ounces per ton gold. Ninety nine samples assayed higher than 1 ounce per ton silver, with 31 having values greater than 10 ounces per ton and a high value of more than 8,700 g/t or 280 ounces per ton silver.
Surface base metal values were also very anomalous: with 3 containing greater than 1% copper and one with 3.4%; 14 lead assays were greater than 1% with a maximum value of than 20%. Zinc showed 10 sample assays greater than 1% with a high of 14%.
Ticup, Doctor’s Cut and Jacob’s Cut historic mines
In 2015 12 RC drill holes were completed in the historic silver mining area encompassing the former Ticup, Doctor’s Cut and Jacob’s Cut mines. Hole depths ranged from 79.3m (260 ft.) to 329.3m (1080 ft.), with a total of 2224.1m (7297 ft.) completed. This area will be revisited in our upcoming work program.
Notable Drill and Silver Assays:
Hole CC001: 9.1 meters at 52.6 g/t Ag (maximum silver assay 99.4 g/t)
Hole CC002: 27.5 meters at 52.0 g/t Ag (maximum silver assay 167g/t)
Hole CC006: 12.2 meters at 117.6 g/t Ag (maximum silver assay 506 g/t
Hole CC008: 100.5 meters at 7.4 g/t Ag (maximum silver assay 64g/t)
Hole CC010: 15.2 meters at 54.2 g/t Ag (maximum silver assay 133g/t)
Hole CC011: 30 meters at 50.00 g/t Ag (maximum silver assay 247g/t)
The intercepts stated above are drill widths. True thickness of the intercepts cannot be estimated at this time. Additional drilling is required to obtain the additional information required to estimate the true thickness of the mineralized intercepts of these zones.
RC Hole CC045 Reconnaissance test of the Star Vein System, 2018
The Star Mine had the largest historic production, exclusively from an east-west mineralized fault zone. Mine drifts followed two veins hosted in the Pre-Cambrian quartzites, shales and limestones.
After encountering an underground working from 123.4 to 125 m, hole CC045 intersected 7.6 m to 132.6 m of quartz-veined black phyllite interpreted to be an unmined portion of the North Star Vein and its footwall. This intercept of 4.5 m estimated true thickness, assayed 1.6 g/t gold and 24.88 g/t silver. The intercept includes two higher grade intervals: 3.26 g/t gold and 36 g/t silver over 1.52 m (126.49-128.01 m) and 2.42 g/t gold and 27.5 silver over 1.53 m (131.06-132.59m) respectively of estimated true thickness 0.90 m and 0.91 m.
RC Hole CC046 Reconnaissance test of the Exchequer Vein System, 2018
The Exchequer vein system hosted some of the oldest mines in the district, namely the Exchequer and Imperial (New Century) mines in what was considered the northern part of the Star Group of claims (Snowden, May 2013 and Bulletin No. 7, 1931). There are two veins that are roughly parallel, 9 to 18m apart, and strike N 80 W. They are called the Exchequer to the north and the Blue Vein to the south. They can be traced for about 915m and the quartz monzonite between the two veins was said to be of milling grade (Schrader 1931). The 915 m or greater strike length of the Exchequer vein systems is considered to represent a gold and silver target with excellent upside.
Hole CC046 was drilled to 174 meters across the Exchequer and Blue veins at an azimuth of 200° and angle of -65°. It was designed to test the deeper portions of both veins as well as the intervening mineralized intrusive.
The geology encountered by hole CC046 is complex due to the Exchequer Vein’s propensity to
“feather out” in quartzite of the Precambrian Prospect Mountain Formation. This Formation in the Exchequer Mine area hosts numerous veins as well as a mix of intermediate intrusive dikes that have intruded parallel to the veins. A “feathered” appearance noted in drill sample chips of the Exchequer Vein may indicate potential for a stockwork type of mineralization surrounding the main veins and, if so, suggests the possibility for a much larger mineralization target. Surface rock sampling of stockwork quartz veining along the strike of the Exchequer Vein in an area of no historic mining or drilling has yielded sample results up to 1.69 g/t gold and 320 g/t silver also providing encouragement to search for a nearby bulk tonnage target.
1. Silver Cliff, Colorado
The Silver Cliff project consists of 96 contiguous patented and unpatented lode claims encompassing approximately 900 hectares in the Hardscrabble Silver District, Custer County, south-central Colorado. The project lies immediately north of the town of Silver Cliff and Westcliffe and is 50 kilometers south of Canon City, 88 kilometers west-southwest of Pueblo and 225 kilometers south of Denver.
The Kate Silver Resource (the “KSR”) was the first area drilled by Viscount and is one of four known historic silver deposits on the Silver Cliff property. The KSR underlies approximately 36 hectares or 4% of the 900 hectares at Silver Cliff which Viscount controls.
The initial or maiden KSR silver resource estimate for Viscount was prepared in April 2018 by Gilles Arseneau, Ph.D., P. Geo., of Arseneau Consulting Services (“ACS”) in accordance with CIM standards incorporated by reference in National Instrument 43-101 (“NI 43-101”) using results from 19 cored HQ holes drilled in two phases in 2016 and 2017 plus results from historic holes verified by the 2016- 17 programs as assessed by ACS.
Many of the historic holes had been drilled for Tenneco Minerals at the KSR between 1987 and 1990, following which the company completed a feasibility study for open pit mining of silver and announced plans to construct a mill at Silver Cliff. Shortly thereafter, the parent company, Tenneco, decided to divest their mineral interests and the decision was reversed in 1991.
Of Viscount’s two drilling campaigns on the KSR/Kate deposit, nine holes totalling 455.2 metres were drilled in 2016 and ten additional holes totalling 912.1 metres were drilled in October of 2017. The drilling programs were primarily aimed at verifying the historical drill results. The best intersections from the 2016 and 2017 drilling are:
Hole #
From (m)
To (m)
Interval (m)
Ag (g/t)
K16-01
Including Including
18.29
18.29
24.38
32.00
24.38
28.04
13.71
6.09
3.66
924.0
1,768.0
427.0
K16-03
Including
17.37
24.99
34.14
34.14
16.76
9.14
141.5
241.5
K16-04
Including
18.59
27.74
36.88
35.36
18.29
7.62
204.0
380.0
K16-05
including
19.81
25.91
33.53
32.00
13.72
6.09
390.6
762.0
K16-08
Including
32.00
39.62
52.73
50.29
20.73
10.67
230.0
403.0
K17-02
including
1.50
12.00
34.50
30.00
33.00
18.00
93.0
120.5
K17-04
Including
18.00
22.50
39.00
34.50
21.00
12.00
121.7
180.8
K17-05
including
9.50
11.00
24.50
18.50
15.00
7.50
279.6
477.0
Effective April 15 2018, ACS estimated that the Kate deposit contained 2,064,000 tonnes of Indicated Mineral Resource averaging 84 g/t of silver for 5,560,000 ounces of silver and 3,172,000 tonnes of Inferred Mineral Resource averaging 70 g/t of silver 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/m3bulk density. ACS considers that blocks estimated during pass one and from at least 4 drill holes could be assigned to the Indicated category.
Viscount will be continuing to drill with the objective of adding to the ACS resource estimate of the KSR/Kate deposit as well as moving forward on evaluation of resource potential on 3 other areas of historic mining at Silver Cliff.
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" (QP) as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). It should be noted that the QP has not conducted a field inspection of the Cherry Creek property.
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 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 in the 1967 to 1984 period and again in the late 1980s. The property encompasses a portion of a large caldera and highly altered sequence of Tertiary rhyolitic flows and fragmental units which 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 is in an area commonly known as the Cherry Creek Mining District, located approximately 53 miles north of the town of Ely, in White Pine County, Nevada. The property consists of 276 unpatented and 17 patented claims as well as mill rights, with its more than 2,434 hectares encompassing in excess of 20 historic 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.
(VLMGF) Viscount Mining Announces Completion of Master's Thesis For Cherry Creek Nevada
VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to announce the receipt of a master’s thesis completed on the Cherry Creek Mining District in Nevada where our Cherry Creek property is located.
The thesis was prepared by David J. Freedman as partial fulfillment of the requirements for the Master of Science degree in Geology at the University of Nevada, Reno Ralph J. Roberts Center for Research in Economic Geology (CREG); under the direction of advisor Dr. Michael W. Ressel Ph.D., a research geologist with the Nevada Bureau of Mines and Geology. Previously, Dr. Ressel was Chief Geologist of North America for Newmont Mining.
The thesis is entitled: “Igneous and Hydrothermal Geology of the Central Cherry Creek Range, White Pine County, Nevada.” It discusses the local geology, geochemistry, age date work, igneous geology, rock alteration, and mineralization. Several of the Company’s gold and silver target areas are discussed in the thesis and directly benefit from the new geological understanding and new geochemical data.
The thesis work has documented a large, long lived hydrothermal mineralizing system and shows abundant evidence of hydrothermal mineralization (metals carried by hot water and deposited in favorable rocks, and vein structures etc.) This large hydrothermal footprint encompasses nearly eight kilometers of stratigraphy and is responsible for the metallic mineralization that has allowed over 40 historical mines to operate in the district. The thesis documents the various mineral occurrences and relates them to each other in time and space, which is extremely useful for pursuing exploration targets because Viscount can now develop a model of the mineralizing events and to a degree predict where the next deposits might be located.
The company is currently incorporating the findings of this thesis into its targeting and exploration work for the fall of 2019.
Viscount Director Mark Abrams, BSc. and MSc. in Geology stated: “We are very pleased with the findings in Mr. Freedman’s thesis. The age of the intrusions and related mineralization is very consistent with other productive precious metal mining districts in north-central and eastern Nevada. The deep reaching through-going, high angle faults have fractured the host rocks and prepared them to allow circulation of mineralizing fluids carrying precious and base metals. These high-angle faults coupled with the low-angle bedding parallel faults allow the mineralizing fluids to ascend through the rock column and travel laterally along the contacts between rock units to later precipitate mineralization in favorable horizons in the known regional host rocks that occur at Cherry Creek.”
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 properties 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.
VLMGF Viscount Mining Announces Reconnaissance Drill Test Results At Its Cherry Creek Property In Nevada
VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”) conducted a two-hole reconnaissance reverse circulation (RC) drill test totaling 434 meters (m) or 1,425 feet (ft) on the Cherry Creek property in late November and early December 2018. Hole numbers are CC045 and CC046. The purpose of the drilling was to test the Star Vein and the Exchequer Vein system’s in the vicinity of their namesake historic mines for continuity of the veins at depth, and to better understand the nature of the mineralization in the veins and host geology. The holes were drilled utilizing a Foremost Explorer 1500 RC drill supplied by Boart Longyear of Elko, Nevada.
Mark Abrams, Viscount Director and geologist, stated: “The two-hole reconnaissance drill test program accomplished the objectives we hoped to achieve. First, hole CC045 established that the South Star Vein extends much deeper than previously known from review of existing underground mapping. Further, the vein possibly widens at depth, although more drilling is required to confirm this. Hole CC045 also successfully tested the upper level of the lesser known North Star Vein and established gold and silver mineralization is present within 132 m (434 ft) of the surface, even though the vein has not been mapped on the surface. We are encouraged by this and intend to explore for the North Star Vein on the surface. Additionally, both hole CC045 and CC046 appear to have identified quartz vein stockwork alteration which we plan to investigate further. Stockworks are a common feature in many mineral deposits and mines worldwide. They consist of swarms of thin discontinuous veinlets that can host mineralization.”
RC Hole CC045 test of the Star Vein System
The Star Vein system is comprised of the South Star Vein and the North Star Vein emplaced about 9 m (30 ft) apart and are subparallel to each other. Both veins have a production history, with the South Star Vein having the greatest production. Mineralization in the Star veins is hosted in a black phyllite and grey/tan quartzite of the Precambrian Prospect Mountain Formation.
Hole CC045 was drilled across the North Star and South Star veins. The hole was designed to test the deeper portion of the South Star vein, as well as, the North Star Vein. It was drilled to 261 m (855 ft) on an azimuth of 204° and at a -65° angle to horizontal.
After encountering an underground working from123.4 to 125 m (405-410 ft), hole CC045 intersected 7.6 m (25 ft) to 132.6 m (435 ft) of quartz-veined black phyllite interpreted to be an unmined portion of the North Star Vein and its footwall. This intercept of 4.5 m (14.76 ft) estimated true thickness assayed 1.6 grams of gold per tonne (g/t Au) or 0.051 oz/ton and 24.88 grams of silver per tonne (g/t Ag) or 0.796 oz/ton. The intercept includes two higher grade intervals: 3.26 g/t Au (0.10 oz/ton) and 36 g/t Ag (1.15 oz/ton) over 1.52 m (126.49-128.01 m or 415-420 ft) and 2.42 g/t Au (0.08 oz/ton) and 27.5 g/t Ag (0.88 oz/ton) over 1.53 m (131.06-132.59 or 430-435 ft), respectively of estimated true thickness 0.90 m (2.95 ft) and 0.91 m (2.97 ft).
Hole CC045 also intersected what is interpreted from the presence of quartz and sulphides in several sections to be an unmined portion of the South Star Vein from 230.1 m (755 ft) to 260.6 m (855 ft) where caving backfill in historic mine workings caused the hole to be terminated. The 30.5 m (100 ft) interval has an estimated true thickness of 19.59 m (64 ft) whereas the historic production width was in the 0.5-2.0 m range.
Included in the above interval was 1.52 m (5 ft) of quartz-veined black phyllite from 240.79 to 242.31 m (790-795 ft) that assayed 0.822 g/t Au (0.026 oz/ton) and 30 g/t Ag (0.96 oz/t). Estimated true thickness is 0.9 m (2.95 ft).
RC Hole CC046 test of the Exchequer Vein System
The Exchequer Vein system is comprised of the Exchequer Vein (also known as the New Century or Imperial Vein) and the Blue Vein. The Exchequer and Blue Veins are distinct, subparallel, approximately 9 to 18 m (30 to 60 ft) apart along the Exchequer Fault and separated by quartz monzonite which hosts disseminated gold and silver mineralization as reported in Nevada Bureau of Mines and Geology Bulletin 14, Spruce Mountain District, Elko County and Cherry Creek (Egan Canyon) District, White Pine County, F.C. Schrader (USGS), August 1, 1931. .
Hole CC046 was drilled to 174 m (570 ft) across the Exchequer and Blue veins at an azimuth of 200° and angle of -65°. It was designed to test the deeper portions of both veins as well as the intervening mineralized intrusive.
The geology encountered by hole CC046 is complex due to the Exchequer Vein’s propensity to “feather out” in quartzite of the Precambrian Prospect Mountain Formation. This Formation in the Exchequer Mine area hosts numerous veins as well as a mix of intermediate intrusive dikes that have intruded parallel to the veins. A “feathered” appearance noted in drill sample chips of the Exchequer Vein may indicate potential for a stockwork type of mineralization surrounding the main veins and, if so, suggests the possibility for a much larger mineralization target. Surface rock sampling of stockwork quartz veining along the strike of the Exchequer Vein in an area of no historic mining or drilling has yielded sample results up to 1.69 g/t Au (0.054 oz/ton) and 320 g/t Ag (10.24 oz/ton), also providing encouragement to search for a nearby bulk tonnage target.
Based on the amount of quartz vein and fine-grained sulfide in the chips, the Exchequer Vein is interpreted to have been intersected from 91 to 110 m (300-360 ft) in hole CC046. The true thickness is estimated at 12 m (39.3 ft). A dark porphyritic dike from126.5 to 129.5 m (415-425 ft) is likely the quartz monzonite dike noted in the literature as occurring between the Exchequer Vein and the Blue Vein. The Blue Vein, as evidenced by the abundance of blue-green chlorite in a 90% quartz matrix, was cut from 166 to 174 m (545-570 ft for an estimated true thickness of 5 m (16.4 ft). Assayed intervals from both veins were not anomalous.
Quality Assurance/Quality Control ("QA/QC") Measures, Chain of Custody
The Company has implemented a rigorous QA/QC program using best industry practices at the Cherry Creek Property. Drill cuttings samples are split down on the rig to 3-4 kilograms and placed in securely-sealed bags for transportation to the ALS laboratory in Elko, Nevada; for sample preparation and subsequent analysis at ALS Canada Ltd. in Vancouver. A small “B split” of each of drill cutting sample interval was collected at the rig and archived in secure storage. The sample pulps and rejects will be retrieved from ALS. The insertion of standards, blanks and duplicates as well as logging was conducted by Viscount personnel at the property site.
Assays for gold are completed at ALS using the Au-ICP21 method. This method includes a fire assay fusion of a 30 gram sample charge that has been pulverized to 85% passing 200 Mesh, followed by ICP (Inductively Coupled Plasma-Atomic Emission Spectrometry (ICP-AES). Analysis for silver and pathfinder elements was also completed at ALS using the ME-ICP41 method. This method utilizes a 0.5 gram sample charge that has been pulverized to 85% passing 200 Mesh followed by Aqua Regia dissolution and then analyzed by ICP-AES.
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" (QP) as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). It is noted that seasonal weather conditions have prevented a field inspection which will be conducted by the QP as soon as possible in the Spring.
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 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 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.
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.
VLMGF: Viscount Mining Corp Investor Fact Sheet
https://www.docsconsultingltd.com/clients/viscount-mining/Viscount-February-2019-Fact-Sheet.pdf
Viscount Mining Commences Drilling at Cherry Creek, Nevada
Vancouver, British Columbia--(Newsfile Corp. - November 29, 2018) - Viscount Mining Corp. (TSXV: 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 2013 Snowden completed a NI 43-101 report and its geologists, while evaluating the Star mine property identified geological, structural, mineral and stratigraphic parallels with Newmont's Long Canyon mine to the north which they purchased for US$2.3 billion in 2011 but mentioned the mineralization hosted by the Long Canyon Mine is not necessarily indicative of the mineralization hosted on the Company's Cherry Creek Property."
Mark Abrams, Viscount geologist, added: "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 Mine was the largest producer in the district. It produced from only a more or less east to west trending mineralized fault zone, with drifts following two veins hosted in the Pre-Cambrian quartzites, shales and limestones. (Snowden Mining Industry Consultants Technical Report, NI 43-101 May 20 2013). In reference to material extracted, Schrader (p. 35) states that "…it is said to average about a quarter of an ounce in gold and 20 ounces in silver to the ton, and about 8 per cent each in lead and zinc….Some….however, is very rich in both gold and silver and is said to run as high as 800 ounces in silver to the ton." (Schrader, Frank C., 1931, Spruce Mountain District Elko County and Cherry Creek (Egan Canyon) District White Pine County, Nevada State Bureau of Mines, University of Nevada Bulletin No. 7). The data disclosed by Schrader in 1931 has not been verified by a qualified person as defined in NI 43-101 because the actual production records are not known to be available for examination. The Star Mine has never undergone exploration using modern techniques or modern drilling. Recognizing that the range of grades cited by Schrader is only conceptual because of the limited information provided at the time, a significant exploration drill program nevertheless is considered to be warranted to test the potential.
Exchequer Mine, Blue Vein and New Century (Imperial) Mine
The Exchequer and Imperial (New Century) mines are some of the oldest in the district, and were considered the northern part of the Star Group of claims (Snowden, May 2013 and Bulletin No. 7 1931). There are two veins that are roughly parallel, 9 to 18m apart, and strike N 80 W. They are called the Exchequer to the north and the Blue Vein to the south. They are separated by a quartz monzonite that is hosted in argillite, shale and quartzite. They can be traced for about 915m and the quartz monzonite between the two veins was said to be of milling grade (Schrader 1931). The 915m or greater strike length of the Exchequer vein systems is considered to represent a gold and silver target with excellent upside.
Viscount also is currently in the final planning stages for a winter drill program at Silver Cliff to expand the indicated and inferred mineral resource announced by Viscount news release on 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 1990Tenneco 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 (TSXV: 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 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 takeover by another company.
The Cherry Creek Property exploration property 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.
GODYF: Lithium-Tellurium Battery Systems Show Promise for Electric Vehicle Industry
Vancouver, BC, Canada, September 20, 2018 – Deer Horn Capital Inc. (CSE: DHC, OTCBB: GODYF) (the “Company” or “Deer Horn”), reports that researchers working on more efficient batteries for electronic cars are claiming significant results with new lithium-tellurium (Li-Te) battery systems. In a January 2016 article, the peer-reviewed Journal of Applied Electrochemistry reports development of an “Li-Te rechargeable cell with exceptionally high specific capacity and cycling stability at high charge/discharge rates…”
The article, titled “A lithium–tellurium rechargeable battery with exceptional cycling stability” by Toshinari Koketsu, Benjamin Paul, Chao Wu, and Ralph Kraehnert reports that “Longterm cyclability tests involving 1000 charge/discharge cycles at 10C rate delivered an unprecedented specific capacity…at 100% efficiency.”
This may be good news for the electric vehicle industry. In the United States, new electric car sales surged by 72% in 2017, pushing total ownership to over 1 million vehicles. A study by the International Energy Agency predicts that “The number of electric vehicles on the road around the world will hit 125 million by 2030.”
Among the biggest obstacles to widespread adoption of electric cars are charging problems, lack of power and short travelling distances—all related to current battery technology. Millions are spent each year on researching and building lighter and more efficient batteries that will bring electric cars closer to the performance of combustion engine vehicles. To date, the standard battery for electric cars has been lithium-ion. However, a host of new battery companies is working to either improve upon current lithium technology or build better batteries with new materials.
The Financial Times recently reported how venture capital funds have already poured over $1 billion into car battery development, investigating better lithium-ion construction, new materials and other advancements such as solid state batteries. The discovery of efficiencies with Li-Te battery systems represents an important discovery from this research and development.
“We’re seeing more and more promising research into the application of tellurium for solving major technology and societal problems,” said Deer Horn President and CEO Tyrone Docherty. “This latest development for Li-Te batteries is one of many recent intriguing findings that we have reported over the past two years.”
Docherty added that solar power, thermo-electric devices and consumer electronics currently consume nearly three quarters of the world’s tellurium. “Solar power is on an exponential growth curve worldwide,” while growing consumer electronics consumption will also contribute to higher tellurium consumption.”
Research and Markets’ latest tellurium report, Global Tellurium Market 2018-2022, forecasts a compounded annual growth rate (CAGR) of 3% for tellurium consumption from 2018 to 2022.
“Considering potential supply issues and ongoing technology discoveries,” said Docherty, “we believe there will be stresses on tellurium supplies looking ahead.”
Deer Horn Capital is advancing its Deer Horn gold-silver-tellurium property in west-central British Columbia. “While there has recently been a flood of juniors jumping into the lithium market due to electric vehicle growth,” said Docherty, “we’re probably the only junior miner focused on tellurium exploration and development.”
Added Docherty, “When you add in potential supply disruptions due to changes in copper refining, we believe primary sources of tellurium will be in high demand in the future. This is why we continue to look for additional high-grade tellurium projects in North America.”
For more information, please visit www.deerhorncapital.ca, or download the Deer Horn Fact Sheet.
On behalf of the board of directors of
Deer Horn Capital Inc.
“Tyrone Docherty”
Tyrone Docherty
President and CEO
For further information please contact:
Tyrone Docherty
604.789.5653
tyrone@deerhorncapital.ca
Investor Relations, Craig Doctor
(604) 278-4656
craig@docsconsultingltd.com
Neither the Canadian Securities Exchange nor its regulations services accepts responsibility for the adequacy or accuracy of this release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the offering. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
GODYF Tellurium May Play a Crucial Role in Allevaiting the World's Growing Water Crisis
https://www.docsconsultingltd.com/clients/deer-horn-capital/news/2018/Tellurium-may-play-a-crucial-role-in-alleviating-the-worlds-growing-water-crisis.php
GODYF: Phase Change Memory Advances on Work by Industry Heavyweights
https://www.docsconsultingltd.com/clients/deer-horn-capital/news/2018/Phase-Change-Memory-Advances-on-Work-by-Industry-Heavyweights.php
GODYF: Tellurium Nanoparticles Have Potential to Revolutionize Desalination Efficiency
https://www.docsconsultingltd.com/clients/deer-horn-capital/news/2018/Tellurium-Nanoparticles-Have-Potential-to-Revolutionize-Desalination-Efficiency.php
GODYF: Struther Resource Stock Report
https://www.docsconsultingltd.com/clients/deer-horn-capital/pdf/Struther's-Resource-Stock-Report.pdf
Junior Mining Companies News Today Is Good For First Solar In More Then One Way
https://www.deerhorncapital.ca/news-media/news/2018/california-to-require-solar-panels-on-almost-all-new-homes-built-after-jan-1-2020
Saint Jean Carbon Signs Non-Binding Agreement to Acquire the Montpellier Graphite Mining Claims
OAKVILLE, Ontario, March 27, 2018 (GLOBE NEWSWIRE) -- Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V:SJL) (OTCQB:TORVF), a carbon science company engaged in the design and build of green energy storage, green energy creation and green re-creation through the use of carbon materials is pleased to announce that the Company, on March 20th, 2018, has entered into an arm’s length non-binding term sheet with Gratomic Inc. to acquire the Montpellier mining claims, located in the graphite rich south western Quebec region. The mining claims add more property to the growing list of claims the Company has in the region.
Terms of the transaction, the Company will issue 4,000,000 shares upon closing and pay a 1.75% Net Operational Operating Cost Royalty (“NOOCR”) for ten years if production has commenced on the subject claims. The transaction is subject to TSX Venture approval.
Paul Ogilvie, CEO, commented: “Our goal to hold what we believe to be the best graphite properties, for quality, grade and proximity to customers, continues to grow. We look forward to starting a drill program as soon as possible, with the plans to complete a technical report written in accordance with NI43-101. We have been working with a few tons of material from Montpellier through our mill, and we are encouraged by what seems be similar milling attributes as with our other properties.”
History of Montpellier Graphite Deposits
One zone of graphite mineralization was discovered by a prospector during the Spring of 1981, on a hill north of the Lavergne Lake, in Hartwell Township, at some 4 km east of the village of Montpellier, Quebec. A diamond drilling program started in 1984 with a portable Winkie Drill (7 holes) and 29 drill holes totalling 1 340 m were collared (Range V, Lot 1 of Hartwell Township). This work was carried out by 131317 Canada inc. In 2016, the QP visited that part of the property and verified the location of the 1984 drill sites. Casings have been removed, but the drill sites are still visible. Two grab samples were taken on outcrops located at proximity of the original zone of graphite mineralization. Results obtained are respectively 1.34 % Cg and 1.68% Cg. Samples were assayed by ALS Minerals Ltd. in Val d’Or, Quebec. This sample was weighted, crushed using method CRU-31 (70%, < 2mm) split and pulverized at 85% passing < 75µm. Analytical procedures were C-IR06 and ME-MS41 Ultra Trace Aqua Regia ICP-MS. The C-IR06 consists of determination of Graphite by multistage furnace treatment to remove organic carbon and infrared detection on LECO. The QP has reviewed and verified this historic information and considers it relevant and suitable for public disclosure.
One metallurgical test was made during the Summer of 1984 by the same company in the Metalor laboratory in Saint Foy, Quebec, which returned an average grade of 11% Cg. One concentrate of 75% Cg was obtained after floatation with a recovery of 94.3%. Flakes of 86.% C were obtained on the + 48 mesh screen and 59.3% of the fraction of the concentrate was recovered in the - 48 mesh pan. All this technical information is obtained from the Quebec Government’s SIGEOM data bank. The QP has reviewed this historic information and considers it relevant and suitable for public disclosure, however the QP has not verified this information.
During the same period, an outcrop containing graphite mineralization was discovered at some distance to the south, in Ripon Township, at some 30m north of Lavergne Lake. On May 16, 1989, Graphite Montpellier Inc., a private company, was incorporated and exploration work immediately started. The work consisted of line cutting, IP survey, trenching and diamond drilling. Phase I of the drilling program comprised 17 drill holes for a total length of 1150.32 m (3,774 feet). Holes R89-01 to R89-17 mostly delineated Zone” A”. Following this Phase I, the line cutting was extended to the west in order to better cover Zone “A”. In addition the IP survey was also extended to cover Zone «B» to the north and eastern part of Zone «A». In July and August 1989, the second drilling program was executed. Nineteen holes (R89-18 @ R89-48) were bored for a total length of 1579.17 m (5,181 feet) on Zones «A» and «B».
The mineralization of Zones «A» and “B” has three main forms:
1- Thin and rich horizons (5-25%) in the biotite paragneiss;
2- Rich graphitic Zone (10-25%) at the contact paragneiss -calcosilicated marbles;
3- Disseminated graphite (1-8%) in the marbles.
The two first occurrences are always contiguous, while the thin horizons in the paragneiss are sometimes found at several metres above the rich graphite zone. Based on those results, the consultants (SAGAX Geophysique inc. from Montreal, Quebec, GM 53475, 1989) for Graphite Montpellier inc., reported a historical estimate of 10 million tonnes averaging 3.50% Cg. This information has been taken from the following website: https://www.mern.gouv.qc.ca (Énergie et Ressources naturelles Quebec) and from the consultants’ report (GM54375, 1989) made available to the Company by the actual land owner. During Summer 2017, the QP has verified and recorded with a handheld GPS, the location of numerous 1989 drill casings. Flake graphite was present in most of the drill holes. In 2017, one grab sample taken by the QP at the same location where the 1989 bulk sample was taken. This sample returned 20.9 % Cg. It was assayed by ALS Minerals ltd., a certified laboratory in Val d’Or, Quebec. This sample was weighted, crushed using method CRU-31 (70%, < 2mm) split and pulverized at 85% passing < 75µm. Analytical procedures were C-IR06 and ME-MS41 Ultra Trace Aqua Regia ICP-MS. The C-IR06 consists of determination of graphite by multistage furnace treatment to remove organic carbon and infrared detection on LECO.
(Note: The Qualified Person has not done sufficient work to classify the historical estimate as current mineral resources or reserves. The Company is not treating the historical estimate as a current mineral resource or reserve. The historical reserves were calculated by block models using different cut-off grades, and a specific gravity of 2.70. The Company believes that the historic estimate is relevant to an appraisal of the merits of the property and forms a reliable basis upon which to develop future exploration programs. The Company will need to conduct further exploration which will include drill testing the project, and there is no guarantee that the results obtained will reflect the historical estimate).
In 2003, M.F. Taner, P.Geo., submitted four representative samples of quartzite taken above the graphitic gneiss, north of the Lavergne Lake. Assay results obtained from ALS Chemex of Val d’Or, Quebec, gave SiO2 values varying from 90.94% to 95.86%. Iron content is lower than 1% and Al2O3 varied from 0.90% to 3.09 % (biotite and plagioclases). The geologist concluded that the quartzite may have some industrial uses (abrasive, filler, etc.) as well as for construction and infrastructures. Its position as a roof over the graphite mineralization has not only protected the graphite, but will be the first rock to be extracted and sold before reaching the graphitic layers (GM 66138, 2003). The QP has been able to verify the information and he believes that the results are relevant. In 2017, the QP took two grab samples of quartzite at the same location 2003 samples. Results obtained from the same laboratory are respectively 92.5 % and 95.24% SiO2. The QP has reviewed and verified this historic information and considers it relevant and suitable for public disclosure.
On December 13th, 2013, CKR Carbon Corporation Ltd. (now Gratomic Inc.) announced the acquisition of the Graphite Montpellier property. This mining property covers the northern graphite zone located in Hartwell Township and a large part of the Graphite Montpellier Inc.’s mineralized zones located in Ripon Township. In 2016, CKR covered its claims by a helicopterborne Mag and TDEM survey. The known graphite mineralized zones are conductive and show their extents. One strong conductive anomaly located west of Zone “A” has never been drill tested. Some surface samplings made in 2016 and 2017, confirmed the presence of large flakes of graphite and the previous grades. Report of the helicopterborne survey was obtained from Gratomic and the interpretation of the anomalies is made by Saint Jean Carbon’s QP. The Company received a copy of the full geophysical report and the accompanied technical data.
Dr. Christian Derosier, P.Geo., President of C.D.G.C. Inc., is the qualified person (QP) as defined in National Instrument 43-101 and, acting on behalf of Saint Jean Carbon, has reviewed and approved the technical content of this news release.
About Saint Jean Carbon
Saint Jean is a publicly traded carbon science company, with specific interests in energy storage and green energy creation and green re-creation, with holdings in graphite mining and lithium claims in the province of Quebec in Canada. For the latest information on Saint Jean’s properties and news please refer to the website: http://www.saintjeancarbon.com/
On behalf of the Board of Directors
Saint Jean Carbon Inc.
Paul Ogilvie, CEO and Director
Information Contact :
Email: info@saintjeancarbon.com
Tel: (905) 844-1200
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 forward-looking statements, within the meaning of applicable securities legislation, concerning Saint Jean’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, “intends” ‘‘budget’’, ‘‘scheduled’’, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’ or variations of such words and phrases or state that certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’.
These forward-looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. The forward-looking statements in this news release assume, inter alia, that the conditions for completion of the Transaction, including regulatory and shareholder approvals, if necessary, will be met.
Although Saint Jean believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that these expectations will prove to be correct.
Statements of past performance should not be construed as an indication of future performance. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors, including those discussed above, could cause actual results to differ materially from the results discussed in the forward-looking statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary statement.
All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Saint Jean assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.
You have to listen to this podcast!!!!
Marksmen Energy Inc., CEO Archie NesbittJoins Everett Jolly on Uptick Newswire's "Stock Day" Podcast
Phoenix, AZ - March 15, 2018 - Marksmen Energy Inc. ("Marksmen" or the "Company") (OTCQB:MKSEF) (TSXV:MAH), CEO Archie Nesbitt, was recently interviewed on Uptick Newswire's "Stock Day" podcast with Mr. Everett Jolly.
"Today we are welcoming back Archie Nesbitt, Chief Executive Officer of Marksmen Energy Inc.," said Jolly. "The Company was with us in late November 2017, with a stock price of $0.07 and is now trading between $0.18 and $0.20."
The Company operates in the Clinton Sandstone Formation in Ohio and is close to completing its first horizontal well. "The well we are working on is the longest horizontal well in the formation," explained Nesbitt. "We are especially excited to have had oil flow to surface during the drilling process."
Marksmen Energy has amassed a talented and experienced technical team for its pioneering horizontal drilling program. "Based on our studies, horizontal drills produce 15-times the amount of oil that vertical drills produce, and we are planning to complete between eight and ten wells this year," continued Nesbitt. "Between our team and land positions, we are encouraged about the year to come."
To listen to the full interview please click here to the following link:
https://drive.google.com/file/d/1Jw1recsx_IJGz4A-5MJU5piqm0hqYQRQ/view
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.
This news release may contain certain forward-looking information and statements, including without limitation, the closing of the private placement, statements pertaining to the use of proceeds, and the Company's ability to obtain necessary approvals from the TSX Venture Exchange. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Marksmen's disclosure documents on the SEDAR website at www.sedar.com. Marksmen does not undertake to update any forward-looking information except in accordance with applicable securities laws.
About Uptick Newswire and the "Stock Day Podcast"
Uptick Newswire is a private company reaching out to the masses keeping investors and shareholders up to date on company news and bringing transparency to the undervalued, undersold, micro-cap stocks of the market and is the sole producer of the Uptick Network "Stock Day" Podcast. The Uptick Network "Stock Day" Podcast is an extension of Uptick Newswire and has recently launched the Video Interview Studio located in Phoenix, Arizona.
For additional information regarding this news release please contact Archie Nesbitt, Director and CEO of the Company at (403) 265-7270 or e-mail ajnesbitt@marksmenenergy.com.
Saint Jean Carbon Signs Non-Binding Agreement to Acquire an Historical
Graphite Property - Lochaber
February 23rd, 2018, Oakville, Ontario, Canada – Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V: SJL)
(OTCQB: TORVF), a carbon science company engaged in the design and build of green energy storage, green energy
creation and green re-creation through the use of carbon materials is pleased to announce that the Company on January
25th 2018 has entered into an arm’s length non-binding term sheet with Great Lake Graphite Inc. to acquire a 95%
ownership of the historical mining property known as the Lochaber claims located in South Western Quebec in the same
general region as the Company’s other flag ship properties. The Lochaber Graphite Deposit reports an Inferred Resource
of 4,091,000 tonnes at 4.01% Cg using a cut-off grade of 2.45% Cg. Link to
Resource:http://www.greatlakesgraphite.com/wp-content/uploads/2015/12/NI43-101-Res-Est-Lochaber.pdf
Terms; The Company will issue to Great Lakes Graphite Inc. 3,000,000 shares, pay a 1.75% net operational operating cost
royalty for 10 years, pay a fee of $425,000.00 divided equally into four payments over four years and enter into an offtake
agreement to allow Great Lakes the first right of refusal to purchase up to 10,000 metric tons per year for the life of the
mine. (The cost of the material will be a market value and the royalty will not be paid on offtake purchases).
The proposed terms are subject to the TSX Venture approval and if deemed necessary shareholder approval. The
transaction is subject to customary due diligence that will be completed in the coming weeks. Once completed, the
Companies will enter into a definitive agreement shortly thereafter.
Paul Ogilvie, CEO, commented: “The relationship between our properties is directly in the same historical past producing
zones, this will greatly increase our holdings. The ability to run mineralized material from other regional properties helps
us to better understand how a multi pit plan could possibly provide a more stable mining signature. Our goal to be the
largest holder of properties in SW Quebec continues to grow.”
Dr. Christian Derosier, P.Geo., President of C.D.G.C. Inc., is the qualified person (QP) as defined in National Instrument
43-101 and, acting on behalf of Saint Jean Carbon, has reviewed and approved the technical content of this news release.
About Saint Jean Carbon
Saint Jean is a publicly traded carbon science company, with specific interests in energy storage and green energy creation
and green re-creation, with holdings in graphite mining and lithium claims in the province of Quebec in Canada. For the
latest information on Saint Jean’s properties and news please refer to the website: http://www.saintjeancarbon.com/
On behalf of the Board of Directors
Saint Jean Carbon Inc.
Paul Ogilvie, CEO and Director
2
Information Contact :
Email: info@saintjeancarbon.com
Tel: (905) 844-1200
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 forward-looking statements, within the meaning
of applicable securities legislation, concerning Saint Jean’s business and affairs. In certain cases, forward-looking
statements can be identified by the use of words such as ‘‘plans’’, ‘‘expects’’ or ‘‘does not expect’’, “intends” ‘‘budget’’,
‘‘scheduled’’, ‘‘estimates’’, “forecasts’’, ‘‘intends’’, ‘‘anticipates’’ or variations of such words and phrases or state that
certain actions, events or results ‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’.
These forward-looking statements are based on current expectations, and are naturally subject to uncertainty and
changes in circumstances that may cause actual results to differ materially. The forward-looking statements in this news
release assume, inter alia, that the conditions for completion of the Transaction, including regulatory and shareholder
approvals, if necessary, will be met.
Although Saint Jean believes that the expectations represented in such forward-looking statements are reasonable, there
can be no assurance that these expectations will prove to be correct.
Statements of past performance should not be construed as an indication of future performance. Forward-looking
statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results,
and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors,
including those discussed above, could cause actual results to differ materially from the results discussed in the forwardlooking
statements. Any such forward-looking statements are expressly qualified in their entirety by this cautionary
statement.
All of the forward-looking statements made in this press release are qualified by these cautionary statements. Readers
are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided
as of the date of this press release, and Saint Jean assumes no obligation to update or revise them to reflect new events or
circumstances, except as may be required under applicable securities laws.
TORVF: Saint Jean Carbon Completes Mill
http://www.docsconsultingltd.com/news/Saint-Jean-Carbon-Completes-Mill.php
The 43-101 results are good and more drilling to be done on the Bell property this year.
Waiting on mill to be completed and then the Preliminary Economic Assessment news to follow.
TORVF: Saint Jean Carbon Completes 43-101 Report On The Bell Property
http://www.docsconsultingltd.com/news/Saint-Jean-Carbon-Completes-43-101-Report-on-the-Bell-Property.php
Saint Jean Carbon Mill Update
OAKVILLE, Ontario, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V:SJL) (OTCQB:TORVF), a carbon science company engaged in the design and build of green energy storage, green energy creation and green re-creation through the use of carbon materials is pleased to provide an update on the construction of the Company’s mill, lab and anode material manufacturing facility, as announced in a press release dated July 5th, 2017.
http://www.docsconsultingltd.com/news/Saint-Jean-Carbon-Mill-Update.php
TORVF: Saint Jean Carbon Issues 250,000 Common Shares
http://www.docsconsultingltd.com/news/Saint-Jean-Carbon-Issues-250,000-Common-Shares.php
Continental Receives In- Principal APProval Of First Refinery
https://www.continentalenergy.com/news-media/press-releases/detail/91/continental-receives-in-principal-approval-of-first-refinery
Saint Jean Carbon Is Participating In Two NSERC Grants
http://www.docsconsultingltd.com/news/Saint-Jean-Carbon-is-Participating-in-Two-NSERC-Grants.php
Continental Appoints New Vice-President
https://www.continentalenergy.com/news-media/press-releases/detail/90/continental-appoints-new-vice-president
Checkout new website www.continentalenergy.com