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Viscount Mining Corp.

Viscount Mining sees 5.56mln indicated ounces silver at Silver Cliff; deposit remains open

This initial estimate was generated from results from 19 holes at the Kate Silver Resource (KSR)

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Viscount Mining unveiled a maiden resource for the Silver Cliff property

Canada-listed explorer Viscount Mining Corp (CVE:VML) has leapt forward at its Silver Cliff property in Colorado, with the release of a maiden resource estimate.

This initial estimate was generated from results documented during two phases of drilling in 2016 and 2017 totaling 19 holes at the Kate Silver Resource (KSR).

Kate is one of the four known historical silver deposits on the property.

Arseneau Consulting Services (ACS) has estimated that the Kate deposit contains 2.064mln tonnes of higher confidence indicated mineral resource, averaging 84 grams of silver per tonne for 5.560mln ounces of silver.

There are 3.172mln tonnes of inferred resource averaging 70 grams of silver per tonne for 7.143mln ounces of silver.

"The drilling in 2016 and 2017 were in two separate rhyolite units that comprise part of the Silver Cliff caldera complex," said Harald Hoegberg, Viscount's geologist and the supervisor of the 2017 drill program.

"It was this caldera complex formation that produced profitable silver mining from this region in the 1880s.

"Both units are highly silver mineralized and this expands the resource potential of Viscount's holdings.

"Additional geologic sampling will most likely enlarge the areas that will be targeted for additional drilling and further increase the resource opportunity.

Hoegberg added: "The deposit remains open to the west and possibly to the northeast where a limited amount of drill testing has been conducted."

Viscount Mining is a project generator and an explorer with a portfolio of silver and gold properties in the western USA, including Silver Cliff in Colorado and Cherry Creek in Nevada.

Shares ticked 3.13% higher on Wednesday to stand at C$0.33.

Quick facts: Viscount Mining Corp.

Price: $0.24

Market: TSX-V
Market Cap: $12.65 m
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