Viscount Mining Corp.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
Suite 400 – 570 Granville Street Vancouver, B.C. Canada V6C 3P1 |
| Tel No.： | (604) 960-0535 |
| Fax No.： | (604) 960-0536 |
| Web Site： | www.viscountmining.com |
| E-mail： | jim@viscountmining.com |
| Contact Person： | Jim MacKenzie |
| Position： | CEO |
| Traded Market： | TSX-V |
| Traded Symbol： | VML |
| Outstanding Shares： | 29,000,000 |
| Public Float： | 8,000,000 |
| 52 Week High： | $ 0.30 |
| 52 Week Low： | $ 0.083 |
| Present Price： | Click Here |
Viscount Mining Corp. is a mineral exploration company with a strategic portfolio of properties containing known deposits of silver and gold in Western United States. Of interest is re-examining mineral projects in Nevada and Colorado that have reached advanced exploration, underground development, or gold or silver production.
Viscount is in 100% ownership of Cherry Creek, a flagship property in Nevada comprising of more than 9,000 acres and 20 past producing silver and gold mines. Nevada accounts for approximately 80% of all gold and silver production in America.
In Colorado, Viscount has the option to acquire a 100% interest in the Silver Cliff Project which includes 96 lode claims. The Silver Cliff prospect block covers much of the past-producing mineral districts of Silver Cliff and Rosita Hills, and is proven to host high-grade silver and gold deposits.
(1) Cherry Creek Project, Nevada
Viscount’s flagship project is the 100% owned Cherry Creek properties which are located approximately 90 miles south of the town of Wells, in White Pine County, Nevada.
Project Highlights
- Viscount’s portfolio of exploration properties in Cherry Creek, Nevada comprises of more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines.
- In June 2014 Viscount signed an exploration agreement with Sumitomo Corporation of Americas (SCOA). SCOA’s Parent Company is one of the largest integrated trading and investment companies in Japan.
- The program by SCOA consisted of intensive field sampling and reconnaissance mapping on the Property.
- Based on recommendations from the summer work program, Viscount added an additional 325 claims at Cherry Creek.
- Snowden completed an NI 43-101 report in 2012, and its geologists identified 2 miles north of the Star Mine the same lithology that hosts the large gold deposit at Long Canyon owned by Newmont (which was purchased in 2010 for $3.2 billion). The numerous past assays of high grade gold indicate that the property has a significant potential for a large Long Canyon type deposit.
- In 2012 Viscount geologists sampled the Exchequer Vein with the highest assay of silver being greater than 1,134 g/t.
Highlights of Previous Work at Cherry Creek
- Following-up the discovery by a Snowden geologist of Newmont’s Long Canyon type geology in an area 2 miles north of the Star Mine property, a highly qualified geologist staked 49 claims for Viscount that covered this type of gold target. This favourable geological target was mapped and sampled during the 2014 field season by Sumitomo.
- Staked more claims around the past producing Star, Exchequer, and New Century mines to cover prospective ground for further gold-silver mineralization.
- Viscount geologists examined the ground around the past producing mines and collected both grab and “insitu” rock chip samples to confirm some past historical information.
- Greater than 1,134 g/t of silver of a sample collected from the Exchequer Vein.
- Two other grab samples of the same vein material assayed just less than 1,134 g/t thus verifying that rich mineralization of silver can be found in the Exchequer Vein.
(2) Silver Cliff Project, Colorado
Viscount entered into an option agreement dated August 13, 2014 for the acquisition of a 100% interest in the Silver Cliff Project located in the State of Colorado.
Project Highlights
- The Silver Cliff prospect block, comprised of 96 lode claims, covers much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
- Located 50 miles west of Pueblo Colorado with year-around access by paved road.
- The district encompasses existing mineral inventories of 40 to 50 million ounces of silver. (A Qualified Person has not confirmed this and it is not NI 43-101 compliant).
- Silver Cliff has also been known to host high-grade silver-gold deposits.
- The claim block is situated in a highly prospective geological setting with unrestricted exploration potential similar to Cripple Creek Colorado.
- Greater than 350 holes were drilled on the Silver Cliff property block between 1967 to 1984 for the purpose of outlining mineral inventories.
- Major explorers in the area have included Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco.
- Historical drill hole assays include intercepts with less than 28 g/t silver ranging up to 144 metres of 1,919 g/t silver and 13 metres of 8.22 g/t gold (A Qualified Person has not confirmed this and it is not NI 43-101 compliant).
Current Work Program
- The summer 2014 work program by Sumitomo consisted of intensive field sampling and reconnaissance mapping on the Cherry Creek Property.
- Based on recommendations from Sumitomo’s summer work program, Viscount added an additional 325 claims to increase its exploration properties in Cherry Creek, Nevada to more than 9,000 acres, all 100% owned.
- In Colorado, Viscount has access to historical data and other information on Silver Cliff.
- Based on the preliminary review of available data, the Company is of the view that the Property merits additional exploration.
- Viscount geologists will be visiting the property to determine next steps to verify the historical estimates as necessary to reclassify them as a current resource under NI 43-101, as well as test for additional mineralization along known zones and explore for hitherto undetected zones.
Management and Directors
Kaare G. Foy, B.Ec., Chairman of the Board
Mr. Foy has more than 30 years of senior management and board experience in the mining industry. He was the Executive Chairman of Great Panther Silver Limited.
Jim MacKenzie, President and CEO, Director
Mr. MacKenzie is an expert in the development, structure, operation and financing with a successful track record of over 10 years of raising equity and project capital in Canada and the US.
Derick Sinclair, B.Comm, CA, Chief Financial Officer
Mr. Sinclair has over 20 years experience in management, financing and accounting serving publicly–traded companies. He is CFO at Madeira Minerals Ltd. and Cadan Resources Corp.
Dr. Howard Lahti, Vice President of Exploration
Dr. Lahti is a Qualified Person under NI 43-101. He worked in a wide variety of exploration roles with Texas Gulf Co., Dresser Minerals Inc., Boliden Preusag, Millennium Gold Ltd., Pancontinental Ltd., Barringer Research and Cerro Canada Ltd.
Dallas W. Davis, Advisor and QP
Mr. Davis brings more than 40 years of global professional expertise as a geologist and consultant to the mining industry.
William MacDonald, LLB, Director and Corporate Secretary
Mr. MacDonald has extensive experience serving companies listed on the TSX, TSX-V, CNSX and OTCBB.
Andrew Gertler, B.Comm, MBA, Director
Mr. Gertler has over 30 years experience in merger and acquisition activities, mining, real estate, cross-border financings, corporate reorganization and private equity investments.
Matt Hughes, Director
Mr. Hughes has over 25 years as a Geologist experienced in exploration, development and mining.
On February 2, 2015, Viscount Mining Corp. provided update on the Company's 2014 activities.
Recent significant activities reported by the Company are:
- June 17, 2014: Viscount announced it had signed an agreement with Sumitomo Corp. of Americas to conduct an exploration program on the Company's flagship Cherry Creek property in Nevada.
- July 17, 2014: Viscount staked a further 139 claims in strategic areas east and west of the main Cherry Creek claim block and additional fill-in claims within the general claim block area.
- Aug. 13, 2014: Viscount entered into an option agreement for the acquisition of a 100% interest in the Silver Cliff Project located in Colorado.
- Sept. 2, 2014: Viscount added 155 claims in strategic areas east and west of the main Cherry Creek claim block.
- Oct. 9, 2014: Viscount added 33 more claims in strategic areas at the main Cherry Creek Nevada claim block. Based on the work program by SCOA, Viscount added an additional 325 claims to increase its exploration properties in Cherry Creek, Nevada to more than 9,000 acres, all 100% owned.
- Oct. 28, 2014: Viscount extended the agreement announced June 17, 2014, with Sumitomo to conduct an exploration program on the Company's flagship Cherry Creek property in Nevada.
- Jan. 5, 2015: Viscount closed a non-brokered private placement for gross proceeds of $1.75-million.
Viscount also announced that it has retained Venture Liquidity Providers Inc. for market-making services.