Viscount and Centerra Gold Commences Drilling at Cherry Creek, Nevada
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 e il partner Centerra Gold hanno avviato il loro programma di perforazione nel sito Cherry Creek in Nevada. Il programma si concentra su due aree chiave: innanzitutto, una regione con significative anomalie geochimiche di molibdeno e oro nei campioni di suolo e roccia, con formazioni di jasperoide contenenti oro; in secondo luogo, l'estensione della zona della Faglia Exchequer. L'anomalia magnetica nel primo obiettivo suggerisce la presenza di un porfido mineralizzato a profondità. Il programma comprende circa sette fori di perforazione a circolazione inversa (RC), per un totale di 1.500 metri di perforazione.
Viscount Mining y su socio Centerra Gold han iniciado su programa de perforación en la propiedad de Cherry Creek en Nevada. El programa se centra en dos áreas clave: primero, una región con anomalías geoquímicas significativas de molibdeno y oro en muestras de suelo y roca, que presenta formaciones de jasperoide que contienen oro; en segundo lugar, la extensión de la zona de la Falla Exchequer. La anomalia magnética en el primer objetivo sugiere un posible porfirio mineralizado en profundidad. El programa consta de aproximadamente siete agujeros de perforación de circulación inversa (RC), con un total de 1,500 metros de perforación.
Viscount Mining과 파트너인 Centerra Gold가 네바다의 체리 크릭 부지에서 시추 프로그램을 시작했습니다. 이 프로그램은 두 가지 주요 지역을 목표로 합니다. 첫째, 토양 및 암석 샘플에서의 상당한 몰리브데넘 및 금 지구화학적 이상이 있는 지역으로, 금을 함유한 자스페로이드 형성이 특징입니다. 둘째, 엑스체커 단층 zone의 연장입니다. 첫 번째 목표의 자기 이상은 깊이에서 광물이 풍부한 포르프리를 제안합니다. 이 프로그램은 약 7개의 역순환 시추(RC) 홀로 구성되어 있으며, 총 1,500미터의 시추가 진행됩니다.
Viscount Mining et son partenaire Centerra Gold ont lancé leur programme de forage sur la propriété de Cherry Creek au Nevada. Le programme cible deux zones clés : premièrement, une région avec d'importantes anomalies géochimiques de molybdène et d'or dans des échantillons de sol et de roche, présentant des formations de jasperoïde contenant de l'or ; deuxièmement, l'extension de la zone de la faille Exchequer. L'anomalie magnétique dans le premier objectif suggère un porphyre minéralisé à profondeur. Le programme consiste en environ sept forages en circulation inverse (RC), totalisant 1 500 mètres de forage.
Viscount Mining und Partner Centerra Gold haben ihr Bohrprogramm im Cherry Creek-Gelände in Nevada gestartet. Das Programm zielt auf zwei wichtige Bereiche ab: Zum einen eine Region mit signifikanten geochemischen Anomalien von Molybdän und Gold in Boden- und Gesteinsproben, die Gold führende Jasperoid-Formationen aufweist; zum anderen die Erweiterung der Exchequer-Verwerfungszone. Die magnetische Anomalie im ersten Ziel deutet auf eine mögliche mineralisierte Porphyr in der Tiefe hin. Das Programm umfasst etwa sieben Reverse Circulation (RC) Bohrlöcher mit einer Gesamtbohrtiefe von 1.500 Metern.
- Strategic drilling program launched with major partner Centerra Gold
- Multiple promising geological indicators including gold and molybdenum anomalies
- Potential for significant mineralization discovery through identified magnetic anomalies
- None.
Vancouver, British Columbia--(Newsfile Corp. - November 19, 2024) - Viscount Mining Corp. (TSXV: VML) (OTC Pink: VLMGF) ("Viscount" or "the Company") and our partner, a wholly owned subsidiary of Centerra Gold Inc. ("Centerra") (TSX: CG) (NYSE: CGAU) have started their drill program at our Cherry Creek property in Nevada.
The first target is an area with a large soil and rock sample molybdenum and gold geochemical anomaly. The area is underlain gold bearing jasperoid which occurs along the upper and lower contact of the Eureka Quartzite. Jasperoids are iron rich silicious bodies that form when silica floods into a susceptible host rock or contact along with hydrothermal fluids related to a potentially mineralizing event. Not all jasperoids are mineralized, but they are a good indication of mineralization nearby or at depth.
The magnetic anomaly of the first target is dipping moderately to the east and may represent a magnetic dike or porphyry related to the large Eocene age pluton that underlies the entire Cherry Creek mining district. The combined magnetic and molybdenum anomalies area are suggestive of a mineralized porphyry at depth. A porphyry in this area could be the engine driving the silver plus base metal veins, CRD occurrences, and Carlin type gold mineralization in the district.
The second target is to test the continuation of the mineralized Exchequer Fault zone where it extends into the southwest part of our property. The Exchequer Fault is a through-going, deep seated, northeast trending structure that likely served as a plumbing system for the main Cherry Creek district. It has several parallel subsidiary faults, and splays that widen its footprint. These features are likely the source for the gold mineralization on claims to the southwest of Cherry Creek.
Approximately seven Reverse Circulation (RC) drill holes, for 1,500 meters of drilling.
The map below shows the relative positions of the features discussed above and the approximate location of the planned drilling.
Plan View of the Two Overlapping Drill Targets and Features at Cherry Creek
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2736/230470_edd3beb9b4e90962_002full.jpg
About Viscount Mining (TSXV: VML) (OTC Pink: VLMGF)
Viscount Mining is a project generator and an exploration company with a portfolio of silver and gold properties in the Western United States, including Silver Cliff in Colorado and Cherry Creek in Nevada.
The Silver Cliff property in Colorado lies within the historic Hardscrabble Silver District in the Wet Mountain Valley, Custer County, south-central Colorado. It is located 44 miles WSW of Pueblo, Colorado, and has year-around access by paved road. The property consists of 96 lode claims where high grade silver, gold and base metal production came from numerous mines during the period 1878 to the early 1900's. The property underwent substantial exploration between 1967 and 1992 and is interpreted to encompass a portion of a large caldera and highly altered sequence of tertiary rhyolitic flows to host deposits with both precious and base metals. This has been demonstrated in the ore historically extracted from the numerous underground and surface mining operations. Based on the accumulated data and feasibility study, Tenneco Minerals made the decision with silver at
The Cherry Creek exploration property is in an area commonly known as the Cherry Creek Mining District, located approximately 50 miles north of the town of Ely, White Pine County, Nevada. Cherry Creek consists of 578 unpatented and 17 patented claims as well as mill rights. Cherry Creek includes more than 20 past producing mines. In January 2021, Viscount entered an exploration earn - in agreement with a wholly owned subsidiary of Centerra Gold Inc. Centerra is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Türkiye and other markets worldwide.
For additional information regarding the above 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
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.
Forward-Looking Statements
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Viscount Mining's operations, exploration and development plans, expansion plans, estimates, expectations, forecasts, objectives, predictions and projections of the future. Specifically, this news release contains forward looking statements with respect to contemplated drill program and any correlation to any historical results. The Company cannot provide any assurances that the entire drill program described above will be completed. Generally, forward-looking statements can be identified by the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Viscount Mining to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and development and operation of Viscount Mining's projects, the actual results of current exploration, development activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future precious metals prices, as well as those factors discussed in the sections relating to risk factors of our business filed in Viscount Mining's required securities filings on SEDAR. Although Viscount Mining has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.
There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Viscount Mining does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
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