Viscount Mining Corp (CVE:VML) (OTCQB:VLMGF) announced it had wrapped up analysis of a recent geophysical and geochemical study at its Silver Creek property in Colorado.
The surveys looked at the relationship between surface geochemistry and sub-surficial magnetics and investigated how they could help direct future drill programs.
Higher concentrations of silver seemed to appear at the surface above areas of lower magnetism, Viscount said, and the concentration of silver in the soil “correlates positively” with zinc and lead.
READ: Viscount Mining says drilling at Silver Cliff indicates potential for high grade zone outside current resource area
In a statement, Viscount called the finding “important pathfinder set of elements to guide drilling in the future.”
Soil sampling showed further evidence of the presence of the North-East trending zone that was noticed after the 2020 drill program, Viscount’s vice president of exploration Mark Abrams told investors.
“Three core holes from the 2021 spring drilling campaign, completed in April, are located within the area of geophysical analysis. Drill hole 21-04 was drilled in a magnetic low region, and the drill holes 21-05 and 21-06 were drilled in a magnetic high region,” Abrams said.
“This should aid in further understanding the relationship between surficial and sub-surficial geochemistry of the Kate area. These results should help determine if either the MMI procedure or collection of magnetometer readings could be a vital resource for the guiding of future drill programs."
Viscount said it plans to start a Phase 3 drill program in the summer of 2021 ahead of an anticipated resource update.
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