Announcement • 3h
Viscount Mining Corp Completes Ten-Hole Silver Cliff Kate Deposit Drill Program and Advances Exploration At Passiflora and Cherry Creek
Viscount Mining Corp. has completed its ten-hole 2026 core drill program focused on expanding and better defining the Kate Silver Resource area and testing high-priority structural and geological targets beyond the current resource footprint. The program was designed to evaluate the Tr2 and Tr3 rhyolite host units, which have historically hosted high-grade silver mineralization at Kate, while also testing step-out targets to the north, northwest and along the broader Kate-Passiflora trend. Visual logging from the program identified encouraging geological features, including hydrothermal alteration, brecciation, manganese oxide mineralization, visible galena, sulphide mineralization and localized massive sulphide veining in certain holes. The Company cautions that these observations are visual only and are not a substitute for laboratory assay results. Assays from the completed 2026 drill program are pending and will be released once received, compiled and interpreted. SLR Consulting is completing its review and re-analysis of the Kate mineral resource estimate. Viscount's confirmation drilling program has successfully brought historical drill holes into full NI 43-101 compliance, providing a stronger technical foundation for the updated resource. The Company believes the updated estimate has the potential to reflect a meaningful increase over the current resource. It should be noted that because historical sampling applied a one to two ounce per tonne silver cut-off, lower-grade intervals around those holes were not recorded, representing additional upside that is not yet captured in the model. The updated estimate remains subject to SLR's review, silver market conditions, and all applicable NI 43-101 requirements. At Passiflora, Rosor Exploration has completed its field work for the high-resolution airborne electromagnetic and magnetic survey at Silver Cliff. The Company is now awaiting interpreted results and datasets. Once received, Viscount intends to integrate the Rosor data with the prior Quantec TITAN MT survey, existing drilling, soil geochemistry and geological interpretation to refine and prioritize targets for the next phase of drilling. The Company’s current plan is to drill at least three deep holes this year to further test the broader Passiflora gold-copper porphyry potential. Passiflora remains one of the Company’s most important growth opportunities. The first drill hole at the target intersected 843.9 metres of continuous gold-copper mineralization and mineralization remains open in multiple directions and at depth. The integration of Rosor’s higher-resolution data with the existing Quantec dataset may significantly improve targeting and assist the Company in vectoring toward the core of the system. The Company also continues to maintain meaningful optionality at Cherry Creek, Nevada, where Viscount controls a district-scale land package in a historic mining camp with multiple styles of mineralization, including silver-gold veins, carbonate replacement targets, jasperoid systems and porphyry-related potential. Field work and drill-location planning at Cherry Creek remain part of the Company’s broader 2026 business plan. For the remainder of 2026, Viscount’s key priorities include: Receiving, compiling, and releasing assay results from the completed ten-hole Silver Cliff drill program. Completing the SLR review and re-analysis of the Kate resource. Receiving and interpreting Rosor’s airborne geophysical survey results. Integrating Rosor, Quantec, and drilling data to finalize Passiflora drill targets. Advancing plans for the next phase of deep drilling at Passiflora. Continuing field work and target refinement at Cherry Creek. The scientific and technical information contained in this news release has been reviewed and approved by Harald Hoegberg, C.P.G., an independent consulting geologist who is a “Qualified Person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. 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 copper-gold mineralization, which the Company interprets as being on the periphery of a potentially larger intrusive centre. Mineralization remains open in multiple directions. Cherry Creek Project — Nevada Cherry Creek covers 219 unpatented and 9 patented claims in a well-known historic mining district approximately fifty 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.