VANCOUVER, Canada – Viscount Mining Corp. (TSX VENTURE: VML) (“Viscount” or “the Company”), a mineral resource exploration company with a portfolio of past producing gold and silver mines and exploration properties in Nevada and Colorado is pleased to announce that it has staked a further 113 claims in strategic areas east and west of the main Cherry Creek claim block and additional fill-in claims within the general claim block area.
This additional claim group will protect newly targeted areas that will be evaluated this summer. These claims may contain further silver-gold base metal veins similar to those found in the larger past producers at Cherry Creek.
Mr. Jim MacKenzie, CEO of Viscount, comments “This new staking solidifies our land position at Cherry Creek, bringing our total area to more than 7,000 acres. We are planning to conduct extensive mapping and geophysical surveys to locate target areas requiring further exploration with diamond and reverse circulation drilling.”
Technical information in this news release has been approved by Dallas W. Davis, PEng, FEC, an independent consulting geologist and a qualified person as defined in NI 43-101.
The Company also announces that pursuant to the Company’s Stock Option Plan it has granted 255,200 stock options at a price of $0.20 per common share to directors and officers of the Company. Each option grant will vest immediately. As per the Company’s Stock Option Plan, the options granted are exercisable until July 11, 2019. Grant of the options is subject to the approval of the TSX Venture Exchange.
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 7,000 acres, all 100% owned, including more than 20 past producing silver and gold 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
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.
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to that the program by SCOA will consist of field sampling and reconnaissance that will advance the Property. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.