공고 • Jul 22
Viscount Mining Initiates Accelerated Data-Driven Targeting Program At Cherry Creek Project In Nevada
Viscount Mining has initiated an accelerated, data-driven targeting program at its 100%-owned Cherry Creek Project in Nevada, following the successful consolidation and enhancement of a significant historical dataset originally generated by Centerra Gold Inc. and Summit Mining (Sumitomo). Viscount’s technical team has completed a comprehensive review, validation, and upgrading of the datasets—transforming a previously fragmented and partially incomplete collection of files into a unified and highly actionable exploration database. Through this process, the Company has identified and enhanced original raw data, enabling—for the first time—a property-wide, integrated interpretation across multiple mineral systems. The Company has commenced the rapid generation of a full suite of modern exploration datasets, including property-wide geology and structural interpretations, multi-element rock, soil, and stream geochemistry, integrated geophysics (IP and aeromagnetic datasets), drill hole database with cross-sectional modeling, satellite-derived alteration and mineral mapping, and verified and corrected claim boundary mapping. These datasets will be integrated into a modern 3D targeting workflow, allowing Viscount to systematically identify, rank, and advance high-conviction drill targets. Cherry Creek is demonstrating the characteristics of a multi-system, district-scale mineral camp, with potential across several high-value deposit types including porphyry copper-molybdenum systems, carbonate replacement (CRD) silver-copper mineralization, high-grade gold vein systems, and strategic metals including tungsten and antimony. Initial work has already identified several priority target areas, including Lead Mine Canyon, Mary Anne, tungsten zones, and TiCup—some of which remain underexplored by modern standards and represent compelling opportunities for new discovery. The Company expects a consistent and building cadence of technical updates as Cherry Creek advances through the following stages: short-term completion of key datasets and integrated map layers, near-term target synthesis and prioritization across multiple zones, and next phase definition of drill-ready targets and advancement toward field programs. With a significantly upgraded technical foundation and multiple target styles emerging, Cherry Creek is transitioning into a high-impact exploration asset with meaningful scale potential. The Company also announces that its Board of Directors has approved the granting of 500,000 stock options to a consultant pursuant to the Company's Stock Option Plan. The options are exercisable at a price of $0.50 per share for a period of three years from the date of grant. Of the total options granted, 200,000 vest immediately on the date of grant and the remaining 300,000 vest in equal monthly instalments of 50,000 options per month over the six months following the date of grant. All options remain subject to applicable regulatory approvals. The scientific and technical information contained in this news release has been reviewed and approved by Harald Hoegberg CPG, an independent consulting geologist who is a “Qualified Person” (QP) as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Silver Cliff is in the historic Hardscrabble Silver District and comprises 96 lode claims with year-round paved access and established local infrastructure. The project covers a large volcanic caldera system recognized for its silver, gold, and base-metal potential. The property includes two principal zones of focus: Kate Deposit (Silver Resource Area): The Kate hosts a NI 43-101 compliant near-surface silver resource published by an independent QP (details: Measured & Indicated and Inferred silver resources were reported in the Company’s technical disclosure; investors are encouraged to review the full technical report available on SEDAR+ for tonnage, grade, and methodology). Passiflora Porphyry Target: Historical and modern drilling indicates extensive hydrothermal alteration consistent with a large porphyry system. Recent drilling by Viscount (hole PF-23-03A) intersected 843.9 metres of continuous Gold-Copper mineralization, which the Company interprets as being on the periphery of a potentially larger intrusive centre. Mineralization remains open in multiple directions. Cherry Creek covers 219 unpatented and 19 patented claims in a well-known historic mining district approximately 50 miles north of Ely. The property includes more than 20 past-producing mines and hosts several styles of mineralization, including silver-gold veins, carbonate-replacement (CRD) zones, jasperoids, and porphyry-related alteration. The district is 100% controlled by Viscount and is considered highly prospective for multi-metal discoveries within the broader mineralized system.