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 it has strengthened its monopoly of the Cherry Creek Mining District 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, Ticup 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 gearing up for a full 2015 exploration campaign on the Company’s Cherry Creek property block. As such, the Company has, at Summit’s request, staked 17 additional lode claims to protect what they consider highly prospective ground. The area staked has been previously referred to as the “Zinc Beds”
Summit has also leased a 5 acre parcel from a local resident to erect an exploration base camp. The camp will include modular office and living quarters, core logging and storage facilities and installation of utilities.
For additional information regarding the above noted property and other corporate information, please visit the Company’s website at www.viscountmining.com
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/
ON BEHALF OF THE BOARD OF DIRECTORS
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
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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.