VANCOUVER, Canada –- Viscount Mining Corp. (TSX-V: VML) (“Viscount” or “the Company”), a mineral resource exploration company with a portfolio of past producing gold and silver mines and exploration properties in the Western United States, is pleased to announce the 2015 exploration campaign is poised to commence on the Silver Cliff Project in Custer County Colorado.
The Silver Cliff Property (the “Property”) lies within the historic Hardscabble Silver District, where high grade silver, gold and base metal production came from numerous mines during the period 1878 to 1894. The property underwent substantial exploration between 1967 and 1984. Companies who became involved with Silver Cliff since 1976 included, but was not limited to; Freeport, Homestake, Moly Corp, FMC, CoCo Mines, Hecla and Tenneco. Work completed at Silver Cliff has included drilling of approximately 350 holes.
The Company is now planning to initiate an exploration campaign, scheduled to begin early in May 2015 as there are no current mineral resources or mineral reserves identified on the property. None of the previous reports are currently NI 43 101 compliant and verifiable by a qualified person.
The program will include:
- Surface sampling of potential high-grade shows
- Check sampling of previously reported mineralized areas
- Survey of historically reported drill sites to aid in targeting for future drilling campaigns
- Evaluation of current claim coverage for potential upgrades and additional staking
- Securing easement agreements from local land owners
- Initiating permitting necessary for planned development work
- Collection of representative material from previously reported mineral inventories
- Test work for proprietary mineral concentration methodologies on mineralized material
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
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
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.
This news release contains certain statements that may be deemed “forward-looking statements” under applicable securities legislation. All statements in this release, other than statements of historical fact, that address events or developments that Viscount expects to occur, are 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”, “indicate” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements in this news release include statements regarding the Agreement with Summit, completion of the transaction pursuant to the Agreement and timing for closing of the Agreement and the receipt of required approvals. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the transaction as described in the Agreement may not be completed for any reason whatsoever, including that the shareholder, court and/or regulators may not approve the transaction and the parties may be unable to realize on the anticipated benefits of the transaction. Although Viscount 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. In addition to other factors and assumptions which may be identified in this news release, assumptions have been made regarding and are implicit in, among other things, the timely receipt of any required regulatory approvals (including court and shareholder approvals). Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Viscount and described in the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Viscount undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward looking statements contained in this press release are expressly qualified by this cautionary statement.
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