Viscount Mining says drilling at Silver Cliff indicates potential for high grade zone outside current resource area

Viscount Mining Corp (CVE:VML) (OTCQB:VLMGF) (FRA:7VM) has wrapped up field work in the second phase of its three-phase drill program at its Silver Cliff project in Colorado. 

The company’s Phase 2 exploration program is designed to expand the existing resource at the property and further define the limits of the Kate East zone, potentially increasing the grade and size of the deposit, Viscount said in a statement. 

The Vancouver-based company also said it was expanding its drill program to increase the tonnage to include in upcoming resource reports.

READ: Viscount Mining says 2021 work program in full swing at Cherry Creek Project in Nevada

Additional drilling was conducted at the Pasiflora target in the hopes of potentially adding to Silver Cliff’s overall resource.

Viscount started drilling at the end of March and sunk 10 holes for a total of 697 metres (m) so far. Prior to drilling, a preliminary field test of ground magnetic and soil surveys was completed in mid-March, Viscount said.

According to Viscount, drilling so far indicates that there may be a higher grade zone just east of the Kate decline. Four holes drilled in 2020 returned positive results, including 100.6 grams per ton (g/t) of silver over 21.6m and 105.1 g/t silver over 15.2m.

All holes drilled in the Kate East zone have encountered “significantly higher” grade than the cut-off grade of 35 g/t silver used in the 2018 NI 43-101 report and previous estimates, Viscount told investors.

The Phase 3 program will focus on the discoveries of Phase 2, and also looking towards expanding the Kate resource to the north.

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Story by ProactiveInvestors