Viscount Mining Corp (VLMGF)

[DoYourDDLikeMe]

The 1st mos. of drilling is almost complete at Cherry Creek, Nevada in the Flint Canyon portion of that project. Drilling at the Silver Cliff Colorado Project is expected to commence by or before month end October following up Hecla-Tenneco's historical resource drilling of the 1980's. Aside from VML/VLMGF's web-site, below is a helpful overview.


(TSX VENTURE: VML) (OTCQB: VLMGF) Viscount Mining is an exploration company with 2 significant drill projects in prime locations in the Western United States, one primarily for gold in Nevada and the other for silver in Colorado. A history of previous news releases are posted on the forum for your perusal.

The 1st project is their Cherry Creek, Nevada Gold Project that commenced being drilled Sept. 7th, 2016 with $30+ Bn EARN IN PARTNER Sumitomo Corp.

Cherry Creek is comprised of more than 9,000 acres and is surrounded by Newmont Mining (NYSE: NEM) and McEwen Mining (NYSE:MUX).

This ground was only recently consolidated into single ownership by Viscount from 5 families that held approx 3,000 of its acres back as far as the 1850's.

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

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

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

Cherry Creek offers investors a superior jurisdiction with its optimal positioning in Nevada, the largest gold producing region in the US with 73% of all US gold production in 2014. Nevada is now ranked as the 4th largest gold producing jurisdiction in the world.

Viscount c/o its Earn In Agreement bears zero expenditure at Cherry Creek giving Viscount significant financial flexibility de-risking its stock from high expenditures and the need to raise funding.

Viscount's 2nd project is their 100% owned Silver Cliff, Colorado Project that is slated for drilling October - November, 2016. "While Sumitomo manages the Cherry Creek property, Viscount is completing phase 1 exploration of Silver Cliff which is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.

Silver, gold, and base metal production came from numerous mines during the late 1800s. The property again underwent substantial drilling in the 1980s by Hecla Mining and Tenneco, resulting in a historic pre-feasibility study, which led to the Company's decision to put the property into production.

Subsequently a change of control and direction at Tenneco led to the stalling of the partnership and the project has been halted until present day when Viscount negotiated terms and resurrected the project thanks to access of historical records.

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

In late March 2016, prior to the completion of a 2 stage $2.3 M CDN Financing in June, 2016 at $0.50 CDN per share, an introductory article came out from well regarded mining and geologist commentarist Gwen Preston entitled “ Sumitomo’s quest for gold via Viscount’s Cherry Creek” http://bit.ly/1Vk1MuD . Initiation of research coverage commenced August 10th and August 22nd, 2016 and can be read cutting and pasting the following links http://bit.ly/2bLkZ59 and http://bit.ly/2buei6A into your browser. These are extremely helpful for Due Diligence.

For specific information regarding the above noted properties and other corporate info., visit the Company's website at www.viscountmining.com

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

About Cherry Creek Earn In Partner Sumitomo Corporation

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

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

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