Viscount Mining Corp. [VML-TSXV; VLMGF-OTCQB] reported the first hole of 10 drilled in the second phase of a three-phase drill program at its 100%-owned Silver Cliff property located 44 miles west-southwest of Pueblo, Colorado.
Viscount began its spring drilling program on March 30 by spudding hole DDH21-01 to the north of the Kate East zone. It is located about 20 metres north of holes DDH-20-02 and DDH-20-03 and was sited to see if the zone extends to the north.
It assayed 147.6 g/t silver over 18.6 metres from 11 metres depth, including 236 g/t silver over 10 metres. As with the other holes in the Kate East zone, it showed strong correlation with copper, lead and zinc. This relationship is consistent with the other holes in the Kate East zone.
The holes drilled in the Kate East zone trend to the northeast. A similar trend was also noted in the geophysical magnetometer survey. Both the low response and the high response show a strong northeast-southwest trend. This will be further investigated this summer.
The Kate East zone consists of 17 holes to date and measures about 300 metres from southwest to northeast and is 125 metres at its widest. It is currently open ended in both directions, and the sides are not yet defined. An additional four holes were drilled in this zone in April, and the company is awaiting those results.
Viscount’s combined 2020/2021 program has three objectives. They are to expand on ACS 2018 resource estimate of the Kate silver resource. The company is also investigating the Kate East zone, as well as continued evaluation of several other promising targets.
Jim MacKenzie, president and CEO, said: â€œWe are very proud of the progress Viscount is making at the Kate silver deposit. The drill results from the Kate East zone has demonstrated the deposit to be open ended in all directions. The next phase of drilling will allow us continue to step-out drill holes on all sides of the deposit, which will make our goal of expanding the current NI 43-101 resource possible.â€
Earlier drill results returned 16.2 metres of 837.4, including 6.1 metres of 1,778.5 g/t silver in hole K16-1; 21.3 metres of 179.1 g/t silver, including 13.7 metres of 250.7 g/t silver in hole K16-4 as well as many other high-grade intersections. Refer to company press release for complete assays..
An internal report from CoCa Mines in 1983 estimated a potential resource of 40 million tons (not NI 43-101-compliant) at the Passiflora, based on 14 drill holes with the best intercept reporting to be 256 g/t silver and 1.4 g/t gold. Viscount drilled one hole in the Passiflora in 2020 to a depth of 193.9 metres that showed anomalous silver throughout, some anomalous gold as well as strong silica and clay alteration and pyritization over most of the hole. An additional three holes were drilled in April in this target, and Viscount is waiting for assays.
Phase 3 will be focusing on the discoveries of Phase 2 and looking toward expanding the Kate silver resource to the north.