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 has commenced on the Cherry Creek Project in White Pine County, Nevada
The Cherry Creek Project (the “Property”) lies within an historic silver district, where high grade silver production came from numerous mines up to the 1920’s. This land holding includes the three largest past producing silver mines on the property – the Exchequer/New Century Mine, the Ticup Mine and the Star Mine.
After signing an Exploration–Earn In Agreement with Summit Mining Exploration II Inc.(“Summit”), a wholly owned US subsidiary of Sumitomo Corporation, Summit as operators are primed to initiate the 2015 exploration campaign on the Company’s Cherry Creek property block.
Summit has retained the services of Rangefront Geological Services of Elko, Nevada to begin an extensive soil sampling survey to collect approximately 1500 samples. Much of this area exhibited strong silver-gold and base metal anomalies from samples previously collected from outcrops. ALS Chemex in Reno Nevada will conduct the analytical work.
Summit has also strengthened its team with the addition of Geologist Dr. James Robinson Ph.D. PG.Mr. Jim MacKenzie, President and CEO of Viscount stated: ”Dr. Robinson has worked extensively in eastern Nevada and is well published in technical journals, and has been working at Kinsley Peak (Pilot Gold) in recent years. We need detailed structural mapping and his experience with the same aged rocks as we have at Cherry Creek is invaluable”.
During the 2015 and 2016 work seasons Summit Mining International Inc. will be funding a graduate student from the University of Nevada, Reno (UNR) to conduct research on specific aspects of the property geology. The program is administered through the Center for Research in Economic Geology (CREG) at UNR. The research project will be coordinated by Mike Ressel Ph.D, a research geologist with the Nevada Bureau of Mines and Geology. Previously, Mike was Chief Geologist of North America for Newmont Mining. Mike has a B.S. in Geology from California State Polytechnic University, Pomona (1989) and M.S. and Ph.D. degrees in Geology (1996 and 2005, respectively) from the University of Nevada, Reno. His graduate studies were Nevada-focused and broadly covered aspects of Tertiary volcanic geology, igneous petrology, regional magmatism, ore deposits, and tectonics. A major focus of his Ph.D. work was on the relationships between magmatism and Carlin-type gold mineralization on the Carlin Trend, Nevada.
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
About Viscount Mining (TSX-V: VML)
Viscount Mining is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
About Sumitomo Corporation
Sumitomo Corporation is one of the largest integrated trading and investment companies in Japan. Sumitomo Corporation, a fortune 500 company, conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in businesses from the information industry to the retailing industry. Summit Mining Exploration, Inc. is wholly owned subsidiary of Sumitomo Corporation and is headquartered in Colorado, USA. For more information about Sumitomo Corporation, visit www.sumitomocorp.co.jp/english/
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. 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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