Viscount Extends Exploration Agreement with Sumitomo
VANCOUVER, Canada / TNW-ACCESSWIRE / October 28 2014 / Viscount Mining Corp. (TSX-V: VML) ("Viscount" or "the Company"), a mineral resource exploration company with a portfolio of past producing gold and silver mines and exploration properties in the Western United States, is pleased to announce it has extended an agreement announced June 17, 2014 with Sumitomo Corporation of Americas ("SCOA") to conduct an exploration program on the Company's flagship property located in Cherry Creek, Nevada.
The Cherry Creek Property lies within an historic silver district, where high grade silver production came from numerous mines up to the 1920's. This land holding includes the three largest past producing silver mines on the property - the Exchequer/New Century Mine, Ticup and the Star Mine.
The summer program by SCOA consisted of intensive field sampling and reconnaissance mapping on the Property. Viscount granted SCOA full access to historical data and locations of previously producing mines. Based on the work program by SCOA, a total of 325 new claims were staked and acquired by Viscount over the summer to bring the total holdings at Cherry Creek to more than 9,000 acres.
Mr. Kaare Foy, Chairman of Viscount, comments: "We are very pleased to have this opportunity to work with SCOA towards entering into a multi year exploration program at our Cherry Creek project. They are a world class organization and we look forward to working with them to advance the Property".
Viscount announces the resignation of Mr. Andrew McCreath from the Board of Directors. Mr. Foy said: "On behalf of the Board, we appreciate Andy's continued friendship and thank him for his contributions during his tenure as a Director of Viscount".
Technical information in this news release has been approved by Dallas W. Davis, PEng, FEC, an independent consulting geologist and a qualified person as defined in NI 43-101.
About Viscount Mining (TSX-V: VML)
Viscount Mining is an exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising more than 9,000 acres, all 100% owned, including more than 20 past producing silver and gold mines. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past producing mineral districts of Silver Cliff and Rosita Hills.
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For additional information regarding the above noted property 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
For further information, please contact:
Viscount Investor Relations
Phone: 604-960-0535
Email: info@viscountmining.com
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.
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
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