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Viscount Mining CEO 'encouraged' by exploration potential at Nevada and Colorado assets

CEO Jim MacKenzie told investors that the company is “very excited” by its prospects in the coming year

Viscount Mining Corp -
The exploration company has assets in Nevada and Colorado

Viscount Mining Corp (CVE:VML) (OTCMKTS:VLMGF) is excited about the potential at its portfolio of assets in Nevada and Colorado as it outlined its plans moving forward at the properties. 

The Vancouver-based explorer is advancing the Cherry Creek exploration project in Nevada and the Silver Cliff operation in Colorado. 

CEO Jim MacKenzie told investors that the company is “very excited” by its prospects in the coming year.

READ: Viscount Mining gets geological assist from University of Nevada student's thesis

“After much uncertainty in the junior resource sector we believe we are well positioned with two strong properties located in the United States,” MacKenzie said.

“Viscount is very encouraged by the potential at Cherry Creek, Nevada, with 20 past producing mines and at Silver Cliff, Colorado, where we have an open pit discovery which we expect to expand with future drill programs."

Viscount’s Cherry Creek operation consists of more than 400 patented and unpatented claims as well as mill rights. The company has also acquired more than 20 past silver-, gold- or tungsten-producing mines.

A recently received master’s thesis, written by David Freedman at the University of Nevada, Reno, documented abundant hydrothermal mineralization and dove into the specific mineral occurrences.

The detailed thesis helps Viscount understand the geology and geochemistry of the area, useful in modeling the mineralization and predicting where additional deposits are located.

Silver Cliff consists of 96 contiguous claims encompassing around 900 hectares in Custer County, south-central Colorado. The Kate Silver Resource (KSR) was the first area drilled by Viscount and is one of four known historic silver deposits on the property.

Viscount said it will continue drilling to add to the resource estimate of the KSR deposit and evaluate the resource potential on three other areas of historic mining at Silver Cliff.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: Viscount Mining Corp

Price: 0.34 CAD

TSX-V:VML
Market: TSX-V
Market Cap: $18.61 m
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