Viscount Mining Corp (CVE:VML) (OTCMKTS:VLMGF) told investors that reconnaissance drilling at its Cherry Creek property in Nevada had achieved its aims.
The objective of the work was to test the Star Vein and the Exchequer Vein systems for continuity at depth, said the Vancouver-based company.
Cherry Creek consists of 293 unpatented and patented claims as well as mill rights and spans over 2,442 hectares. It includes more than 20 past producing mines.
The two-hole (CC045 and CC046) reverse circulation (RC) program took place in late November and early December.
"First, hole CC045 established that the South Star Vein extends much deeper than previously known from review of existing underground mapping. Further, the vein possibly widens at depth, although more drilling is required to confirm this," said Mark Abrams, Viscount's director and geologist.
He said the hole successfully tested the upper level of the lesser known North Star Vein and established gold and silver mineralization was present within 132 m (434 ft) of the surface, even though the vein has not been mapped on the surface.
Additionally, both hole CC045 and CC046 appear to have identified quartz vein stockwork alteration which Viscount plans to investigate further.
Stockworks are a common feature in many mineral deposits and mines worldwide.
Highlight intercepts in CC045 included 3.26 g/t (grams per ton) gold (0.10 oz/ton) and 36 g/t silver (1.15 oz/ton) over 1.52 m (meters).
Contact Giles at [email protected]