Viscount Mining Corp (TSX-V:VML, OTCQB:VLMGF) said drilling has begun in the 100%-controlled Cherry Creek Project in eastern White Pine County in Nevada and its partner Centerra Gold Inc. (TSX:CG) has signed an agreement with Alford Drilling of Spring Creek for core drilling services.
The initial drill program is anticipated to run until July 1, focusing on the Star target. The first phase of drilling is planned for 15 holes with an aggregate footage of 14,000 feet (4,268 meters).
"After significant work by the Centerra team on the property over the past year, very diligently defining targets, we are now able to start unlocking the potential of the Cherry Creek district,” Viscount CEO Jim MacKenzie said in a statement.
READ: Viscount Mining kicks off Phase 4 drilling at its Silver Cliff property in Colorado
“Starting with the Star target which had a substantial history of gold and silver production with noteworthy grades, including some of the ore shoots averaging 24,880 g/t silver, we look forward to getting started with the first of the initial eleven targets identified by Centerra.”
Many other targets are ready for drilling and will be announced accordingly, the company said.
The Star Vein system comprises the subparallel South Star Vein and the North Star Vein emplaced about nine meters (m) apart. Based on the Schrader report of 1931, both veins have a production history, with the South Star Vein the greater of the two. The larger South Star Vein had an average gold grade of 7.8 g/t gold and an average silver grade of 622 g/t silver; with 8% lead and 8% zinc. Some very rich ore shoots averaged 24,880 g/t silver. The vein system has been traced over 670m and extends over 260m at depth. The best ore shoot is 300m long, the company explained.
The Cherry Creek exploration property consists of 578 unpatented and 17 patented claims as well as mill rights and includes more than 20 past-producing mines. In January 2021, Viscount entered an exploration earn-in agreement with a wholly-owned subsidiary of Centerra Gold.
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.
Contact the author at jon.hopkins@proactiveinvestors.com