Vancouver, BC, Canada, October 06, 2015 --(PR.com
)-- Viscount Mining Corp. (TSX-V: VML) (OTCQB: VLMGF) (“Viscount” or “the Company”), is pleased to report that it has begun mobilizing for the 2015 Phase 1 drilling program at its flagship Cherry Creek Nevada Property (the "Property"), which is currently being managed by Summit Mining Exploration Inc. (“Summit”), a wholly-owned US subsidiary of Sumitomo Corporation, under the Exploration–Earn In Agreement.
Phase 1 Reverse Circulation (RC) Drilling Program
Harris Exploration Drilling & Associates Inc. of Fallon, NV, has been chosen after a review of several drill company bids and is mobilizing to the project site. The initial reverse circulation (RC) drill program will comprise- approximately 10 to 12 holes totaling 10,000 feet (3,050 m). The maximum planned hole depth is 1,200 feet (365.85 m), but Harris will have extra drill pipe on hand to take depth to 1500 feet (457.3 m) as indicated by progress and results.
The drill program is being managed by Summit Exploration’s Executive Vice President, Exploration and Mineral Resources, David Tretbar, a Qualified Person as defined by NI 43-101. He is a Certified Professional Geologist (CPG #11086) with the American Institute of Professional Geologist and a Registered Professional Geologist in Arizona (#48036). Mr. Tretbar is a graduate of the Mackay School of Mines, University of Nevada Reno (M.S. Geochemistry).
Jim MacKenzie, Viscount President and CEO stated: "We are very pleased with the progress of the detailed mapping, sampling and selection of the drill targets and look forward to a successful drill campaign."
ALS Labs Limited will perform sample analysis at their facility in Elko, Nevada. QA/QC protocols including blanks, standards, duplicates and chain of custody have been established and will be followed in accordance with best industry practices and in compliance with NI 43-101 guidelines.
Property Road Access Improvements
Summit filed two Notices of Intent (NOI’s) with the Ely office of the Bureau of Land Management (BLM) to widen the switch back road western and for the construction of drill pads, with both notices being approved and bonded.
About Viscount Mining (TSX VENTURE: VML) (OTCQB: VLMGF)
Viscount Mining is an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines. Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property. Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.
For additional information regarding the above noted property and other corporate information, please visit the Company's website at www.viscountmining.com
About Sumitomo Corporation
Sumitomo Corporation is one of the largest integrated trading and investment companies in Japan. Sumitomo Corporation, a Fortune 500 company, conducts commodity transactions in all industries utilizing worldwide networks, provides related customers with various financing, serves as an organizer and a coordinator for various projects, and invests in businesses from the information industry to the retailing industry. Summit Mining Exploration, Inc. is a wholly-owned subsidiary of Sumitomo Corporation and is headquartered in Colorado, USA. For more information about Sumitomo Corporation, visit www.sumitomocorp.co.jp/english/
On Behalf of the Board of Directors
President, CEO and Director
For further information, please contact:
Viscount Investor Relations
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.
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.