Viscount Mining Corp (TSX-V:VML, OTCQB:VLMGF). has announced that the 2021 work program on the 100%-controlled Cherry Creek Project in eastern White Pine County, Nevada is continuing to meet the company’s planned milestones.
Viscount said its partner Centerra Gold Inc. (TSX:CG) has deployed a team of geologists on the project since late January to conduct fieldwork that includes geological mapping, the collection of geochemical samples, and claim staking.
Centerra's team is also responsible for the oversight of the geophysical contractor crews who are completing IP, aeromagnetic surveys, and ground magnetic surveys on target areas developed by Centerra.
READ: Viscount Mining kicks off phase 3 drilling at Silver Cliff in bid to expand Kate deposit resource
Viscount said both the new and historical geochemical sampling results indicate the potential for multiple target types including sediment-hosted, disseminated gold deposits; manto or replacement silver deposits; high-grade gold and silver vein deposits; and finally, intrusive-related base metal deposits.
The program was expanded based on results over time to include the following activities:
- Rock geochemical sampling (425 samples to date).
- Soil geochemical sampling (625 samples to date).
- Geological mapping--initially focused on the Star and Exchequer areas; moved onto the Doctor's Cut and TiCup mine areas; and now has expanded property-wide.
- IP survey (46.3-line km).
- Ground magnetic survey (8 sq. km).
- Aeromagnetic survey (850-line km).
Viscount said Centerra undertook the staking of 262 new lode claims, bringing the number of unpatented lode claims to 562. The property also includes 17 patented lode claims. The new claims were necessary in order to control and test the newly developing exploration targets as well as some the company had been working up previously. The claims were primarily added to the west, north and east sides of the project and include mineralized projections of the Black Metal and Exchequer Faults.
"The significance of the additional claims has increased the size of Cherry Creek by more than 7,011 hectares and has extended the opportunity to focus on multiple gold, silver and base metal targets,” said Viscount CEO Jim MacKenzie in a statement.
“Our partner Centerra has diligently and methodically worked on the property this year to significantly expand the potential of Cherry Creek. With many probable target areas to work with, Cherry Creek is a district play, rather than an individual target. We are looking forward to the upcoming drill program."
Mapping Eocene intrusive rock body
To better understand the prospective of the district, Viscount said Centerra has utilized geochemical sampling and geophysics to map the large Eocene intrusive rock body that floors the district.
Eocene intrusive rocks in Nevada are closely associated with many of the Carlin-type gold deposits in the region. Knowing the footprint of this permissive rock unit can help direct budget resources to develop the gold-silver and other related targets on the property.
Geologists from Centerra and Viscount are reviewing the data as it is received and are continually updating their understanding of the property.
The company has been working with EM Strategies to permit an initial Phase 1 core drilling program under a Notice of Intent (NOI). The NOI has been approved by the Bureau of Land Management (BLM.)
The permitting work on Cherry Creek was done with a forward-looking view to allow the program and permit to be expanded if needed without undue delays.
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham