Viscount Mining Unearths Historic Report Detailing Prolific Silver Potential at Nevada Prospect
31 Março 2014 - 10:24AM
Access Wire
VANCOUVER, BC / ACCESSWIRE / March 31, 2014 /
Viscount Mining Corp. (TSX VENTURE: VML) ("Viscount" or
"the Company"), a mineral resource development company with a
portfolio of past producing silver mines and exploration properties
on its wholly-owned land in Nevada, is pleased to announce it has
located a detailed geological report identifying previously unknown
facts regarding its wholly-owned lands in Nevada.
The report which is not 43-101 compliant authored in 1985, was
written by Michael Tignoni and titled," Ticup-Fillmore and Star
Mines, Cherry Creek Mining District, White Pine County Nevada for
Ticup Mining Corporation headed by Fred Anderson." The report
provides previously unknown historical information of the potential
of these strategic veins owned by Viscount Mining within the Cherry
Creek project area.
"The following salient points have been extracted from the
report and clearly demonstrate that a very great potential has come
to light, positioning the project with additional large tonnages of
silver and gold reserves," states Dr. Howard Lahti, VP of
Exploration at Viscount Mining Corp.
Ticup-Fillmore Mines
- A total of 46 samples were taken by Tognoni with 20 assaying
more than 5 oz./t silver, 12 samples with more than 20 oz./t
silver, 5 samples greater than 40 oz./t silver, and 3 samples with
greater than 150 oz./t silver. The highest sample 239.68 oz./t
silver.
- The Exchequer Vein extends from Pine Nut Canyon west of the
Ticup and goes past the Ticup Mine from a total length of 3.5 miles
and has the same azimuth as other prolific ore producers in Eastern
Nevada. The Fillmore Vein extends past the Chance Mine for a length
of 2.5miles up to the Black Metal Fault. The intersection of these
two veins near the Fillmore and Ticup Mines make this an extremely
attractive target.
- The silver mineralization in the Fillmore and Ticup Veins
occurs in lens shaped chutes with the Ticup Mine occurring in one
that according to historical records produced more than 3,000,000
ounces with some grades exceeding 3500 oz. /t silver by 1913.
Tognoni states that there is a very good potential of finding more
rich silver ore shoots in these two veins.
- The best example of the bedding replacement at the Ticup Mine
is on the Fillmore Vein. The vein intersects the Exchequer Vein at
Jacobsen Cut and extends for 2.5 miles to the Chase Mine and on to
the Black Metal Fault.
The Cherry Creek Mining District is located in White Pine County
approximately 90km north of Ely, NV. The district has a long
history of gold, silver and tungsten production from high-grade
vein and replacement deposits
"This report could presage a game-changing opportunity for the
Company," comments Jim MacKenzie CEO of Viscount Mining Corp. He
continues to state, "The report documents significant reserve
potential that clearly validates the need to commit additional
resources to this location. A drill program becomes a very high
priority and could prove out the intrinsic commercial value of this
extraordinary data."
Technical aspects of this news release have been reviewed and
approved by Dr. Howard Lahti, a qualified person within the meaning
of National Instrument 43-101.
About Viscount Mining (TSX-V: VML)
Viscount Mining is a development company with a portfolio of
exploration properties in Nevada comprising of 2,700 acres (the
majority of the claims are patented claims), all 100% owned
including more than 20 past producing silver and gold mines. For
additional information regarding the above noted property and other
corporate information, please visit the company's website at
www.viscountmining.com
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie,
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
Email: info@viscountmining.com
Phone: 604-960-0535
Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking
statements, which reflect the expectations of management.
Forward-looking statements consist of statements that are not
purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future, including
but not limited to the potential additional silver discovery at the
Ticup Mine. Such statements are subject to risks and uncertainties
that may cause actual results, performance or developments to
differ materially from those contained in the statements. No
assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what
benefits the Company will obtain from them. These forward-looking
statements reflect management's current views and are based on
certain expectations, estimates and assumptions which management
believes to be reasonable but which may prove to be incorrect. A
number of risks and uncertainties could cause our actual results to
differ materially from those expressed or implied by the
forward-looking statements, including: (1) a downturn in general
economic conditions in North America and internationally, (2) the
inherent uncertainties and speculative nature associated with
mineral exploration and production, (3) a decreased demand for
minerals, (4) any number of events or causes which may delay or
cease exploration and development of the Company's property
interests, such as environmental liabilities, weather, mechanical
failures, safety concerns and labor problems; (5) the risk that the
Company does not execute its business plan, (6) inability to retain
key employees, (7) inability to finance operations and growth, and
(8) other factors beyond the Company's control. These
forward-looking statements are made as of the date of this news
release and, except as required by law, the Company assumes no
obligation to update these forward-looking statements, or to update
the reasons why actual results differed from those projected in the
forward-looking statements
SOURCE: Viscount Mining Corp.
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