Viscount Mining Corp (TSX-V:VML, OTCQB:VLMGF) and its partner, a wholly-owned subsidiary of Centerra Gold Inc, have completed Phase 1 core drilling at the Cherry Creek project in White Pine County, Nevada.
Viscount said in a statement that drilling carried out by Centerra identified three vertically stacked Carbonate Replacement Deposit (CRD) type features and mineralized zones at the Ti-Cup target.
These are large-scale brecciation features in the limestone that host high-grade silver veins and lower-grade silver mineralization that borders and overlaps the three zones, Viscount said.
READ: Viscount Mining adds historic Mary Anne group of claims at Cherry Creek in Nevada
Drilling revealed several hundred meters of brecciation and anomalous silver mineralization approaching economic grades at depth, and the potential for a high-grade silver bonanza CRD exists at the prospect and in the silver soil anomaly, the company noted.
Viscount VP Exploration Mark Abrams noted that the geological setting at Cherry Creek had many similarities to the Upper and Lower Hilltop Zones at the Ruby Hill gold mine recently reported on by i80 Gold Corp in their December 19, 2022, news release.
“The Ruby Hill mine is located approximately 50 miles west of the Cherry Creek project. There are many other examples of CRD deposits in the region, including those associated with the Bingham Canyon mining complex in Utah,” he said.
“CRD deposits are an important source of silver and base metals in many jurisdictions."
Looking ahead, initial work planned for 2023 at the project includes follow-up surface work associated with the drilling at Ti-Cup to verify the continuation of potential mineralization in the lower CRD unit; formulating drilling plans and continued permitting for two developing target areas in the southwest portion of the Cherry Creek land position where work earlier in 2022 identified magnetic geophysical, and molybdenum geochemical anomalies; and extending IP geophysics and geochemical sampling as well as geological mapping into the recently acquired Mary Anne patented claims located along the southeast border.
Viscount Mining is a project generator and an exploration company with a portfolio of silver and gold properties in the Western United States, including Silver Cliff in Colorado and Cherry Creek in Nevada.
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