- Viscount Mining has commenced the second phase of a three phase drill program at its Silver Cliff property in Colorado
- The exploration campaign is designed to expand the NI 43-101 Kate Silver Resource done in 2018
- Four drill holes are planned to further define the Kate East zone
- Additional drilling will also be conducted in the Passiflora target to continue to explore the potential to add to the total resource of the Silver Cliff project
- Viscount Mining is up 4.23 per cent on the day, with shares trading at C$0.37 at 9:38 am ET
Viscount Mining has commenced the second phase of a three phase drill program at its Silver Cliff property in Colorado.
The 2021 phase 2 exploration campaign is designed to expand the NI 43-101 Kate Silver Resource (KSR) done in 2018. This will be done by further defining the limits of the Kate East zone, which has the potential of raising the grade of the deposit.
Viscount is also expanding the drilling to increase the tonnage that can be included in upcoming resource reports. Additional drilling will also be conducted in the Passiflora target to continue to explore the potential to add to the total resource of the Silver Cliff project.
Four drill holes are planned to further define the Kate East zone. To date, all holes drilled by Viscount have intercepted significant silver grades. If this continues, it will potentially improve the grade of the resource as defined in the 2018 NI 43-101 report.
Viscount is also planning to drill three additional holes in the Passiflora target. Historic drilling has showed significant silver and gold intercepts.
An internal report from 1983, estimated a potential resource of 40 million short tons, based on 14 drill holes (not NI 43-101 compliant), with the best intercept reporting to be 256 grams of silver per tonne of material and 1.4 grams of gold per tonne of material.
Viscount drilled one hole in the Passiflora in 2020 to a depth of 193.9 m that showed anomalous silver throughout, some anomalous gold as well as strong silica and clay alteration and pyritization over most of the hole.
“As Viscount continues its drill program defining additional silver targets at the Kate deposit, this will offer the potential for increasing the historic silver resource potentially mineable by open pit.
The high silver values from our last drill campaign and the most recent results continues toward addressing our primary goal which is to expand our current resource by extending the drill program outside the perimeter of the area encompassed by the Tenneco PEA.
We look forward to reporting further assays from this program as they become available,” said VP of Exploration Mark Abrams.
Viscount Mining is up 4.23 per cent on the day, with shares trading at C$ 0.37 at 9:38 am ET.
