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Viscount Mining Corp (VLMGF) is a mineral exploration company focused on evaluating precious and base metal deposits in Nevada and Colorado's historic mining districts. This page provides investors and industry stakeholders with timely updates on corporate developments, technical achievements, and strategic initiatives.
Access authoritative reporting on drilling program results, partnership announcements, and financial updates. Our curated collection ensures you stay informed about key exploration milestones, including geophysical survey findings and property evaluations across the Cherry Creek and Silver Cliff projects.
Content highlights include press releases detailing reverse circulation drilling outcomes, analyses of geochemical anomalies, and updates on equity financing arrangements. Discover how the company's scientific approach to mineral exploration combines advanced techniques with historical district expertise.
Bookmark this page for continuous access to verified information about Viscount Mining's progress in identifying mineralized zones and expanding its project portfolio. Check regularly for new developments in this dynamic exploration sector.
Viscount Mining Corp (VLMGF) has reported significant findings from its first deep drill hole at the Passiflora project in Silver Cliff, Colorado. The drilling revealed continuous sulfide mineralization throughout the entire 1143m depth, with noteworthy minerals including chalcopyrite, galena, sphalerite, and pyrite over a 1100m interval.
Key discoveries include:
- Biotite presence at 125m depth
- Argillic alteration near surface, transitioning to phyllic alteration around 200m
- Chalcopyrite first identified at 465m
- Magnetite traces at 680m and galena at 854m
- Three mineralized breccia zones identified
The analysis of six thin sections from core samples between 450m and 970m depth revealed evidence of overprinting, with minerals typically associated with distinct alteration types found together, suggesting a complex mineralization process typical of copper porphyry systems.
Viscount Mining Corp (TSXV: VML) (OTC Pink: VLMGF) has completed its first deep drill hole at the Passiflora target in Silver Cliff, Colorado, intercepting continuous sulfide mineralization throughout the entire 1143m depth. The drill hole revealed significant findings including:
- Continuous sulfide mineralization over 1100m interval
- Discovery of chalcopyrite, molybdenite, and pyrite
- Three mineralized breccia zones identified
- Geophysical survey indicates a conductive anomaly starting at ~400m depth, extending to ~1.5km
The deposit's characteristics suggest a significant system of interconnected mineralized fractures, with a detectable anomaly length of ~1.4km in SW-NE direction, 700m width, and a total volume exceeding 665,000,000m³. The geological setting, within a caldera and associated alteration patterns, indicates potential for a porphyry-style deposit.
Viscount Mining has begun drilling at the Passiflora target in Silver Cliff, Colorado, focusing on a significant geophysical anomaly. The anomaly, detected by Quantec's survey, indicates a potentially large mineralized system starting at ~400m depth and extending to ~1.5km, with a detectable length of ~1.4km and width of at least 700m, representing a volume over 665,000,000m³.
Historic reports from 1983 indicated at least 64M oz. silver at 51.9 G/T (non-NI 43-101 compliant). The company is launching an 8000m drill program, starting with a 1500m core exploratory discovery hole. Previous drilling of six shallow holes showed phyllic alteration and increased metal concentration throughout.
The geologic setting, within a caldera, associated alteration, and presence of Manto deposits suggest a possible porphyry-style deposit. Quantec noted this as one of the lowest resistivity anomalies they have ever encountered.
Viscount Mining and partner Centerra Gold have initiated their drilling program at the Cherry Creek property in Nevada. The program targets two key areas: first, a region with significant molybdenum and gold geochemical anomalies in soil and rock samples, featuring gold-bearing jasperoid formations; second, the Exchequer Fault zone's extension. The magnetic anomaly in the first target suggests a possible mineralized porphyry at depth. The program consists of approximately seven Reverse Circulation (RC) drill holes, totaling 1,500 meters of drilling.
Viscount Mining Corp. (TSXV: VML) (OTC Pink: VLMGF) held its 2024 Annual General and Special Meeting of shareholders on September 23, 2024, in Vancouver, BC. The meeting saw a participation of 29,026,334 common shares, representing 26.34% of the company's outstanding common shares. Shareholders elected all director nominees listed in the Company's Management Information Circular dated August 20, 2024, including Jim MacKenzie, Andrew Gertler, Dr. Grant Devine, and Mark J. Abrams. Additionally, shareholders re-approved the Company's stock option plan and re-appointed Davidson & Company LLP as the Company's auditors.
Viscount Mining Corp. (TSXV: VML) (OTC Pink: VLMGF) has closed its over-subscribed non-brokered private placement, raising $5,552,300 by issuing 22,209,200 units at $0.25 per unit. Each unit includes one common share and one warrant exercisable at $0.30 for 24 months. The company will use the proceeds for exploration and development of its Colorado properties and general corporate purposes. Insider participation totaled 1,048,193 units. Viscount is preparing to drill exploratory holes at the Passiflora in Silver Cliff to test a large conductive anomaly, potentially indicating a significant mineral system. The company is also planning a drill program at the Kate Deposit in Silver Cliff, where it has an open pit NI 43-101 resource.
Viscount Mining has announced a $5,000,000 non-brokered private placement. The offering will comprise 20,000,000 units at $0.25 per unit. Each unit includes one common share and one transferable share purchase warrant, exercisable at $0.30 for two years. Up to 5% in cash may be paid as finders' fees. The proceeds will fund exploration, development, and working capital. Insider participation makes it a related party transaction under MI 61-101, but exemptions apply as insider involvement stays below 25% of market capitalization. Approval from TSX Venture Exchange is pending, and issued securities will have a four-month-plus-one-day hold period.
