New Area Of Mineralization Drilling At Silver Cliff Property
VANCOUVER - Viscount Mining Corp. has received additional drill results which have confirmed the recent geophysical and geochemical study at its Silver Cliff property in Colorado. It is currently wrapping up phase 2, and beginning planning for phase 3 of the multi-phase exploration program. This was an experimental phase, and has made us better understand trends that exists in the Kate Resource area. It has helped us define the relationships between geophysical, geochemical expressions and subsurface data. This exercise was successful, and additional surface soil samples have been collected, and analysis are pending. Several of the drill holes were designed to test the outer limits of the Kate area, and will guide the phase 3 program, that will be designed to expand the Kate Resource area. An additional three holes were drilled in the Passiflora target, and are currently being analyzed to better understand trends and future exploration targets.
In early March, Viscount Mining conducted an initial soil sampling survey over the Kate East deposit. The results from this 100-sample survey showed the surficial variance of silver concentration, indicating areas of probable silver deposition closer to the surface. In response to these promising results, Viscount Mining decided to conduct a second round of soil sampling. As shown in the image above, this second round of soil sampling includes 175 additional samples. 75 of these account for expanding the area of the initial survey, with one line added to the south, and two lines combined to the higher-concentrated northern area. The last 100 samples of this second soil survey are being collected to the northwest of the current known extent of the Kate deposit. Historic drilling around this area shows some silver deposition near the surface, but no recent data has been collected in this region. Results from this second round of soil sampling will aid in guiding future drilling campaigns and could be key in determining the further extent of the Kate deposit. Analytical results from all five holes drilled in the Kate East zone in Spring 2021 have been received. Hole DDH-21-03 is located outside of the survey areas, but showed 24.4 meters of 51.4 g/t from 14 meters to 34.4 meters, including 128.9g/t silver over 4.4 meters from 27.1 meters to 31.5 meters. The first graphic above illustrates higher concentrations of silver seem to appear at the surface above areas of lower magnetism. The concentration of silver in the soil correlates positively with zinc and lead, which is very similar to what we found in the analysis of the core from the 2020 drill program.
From the graphic on the above they both demonstrate that Drill hole DDH-21-04 is located towards the South-West of the survey area in a low magnetic region. It had a medium strong soil sample associated with it. It had two mineralized intervals, one from 0 to 7.6 meters assayed 75.1 g/t silver, and the second from 15.2 meters to 23.5 meters assayed 69.5 g/t silver. The results for DDH-21 - 05 and 06 showed no significant silver concentrations, though both holes showed silver throughout its entire length, with some individual assays of good grade. Holes DDH -2021-05 and 06 were stepped out 50 and 70 meters respectively from the NI 43-101 defined resource. These holes were found to be in a lower grade zone, as was later confirmed by the soil and magnetometer surveys. Hole DDH-2021-06 had a 1.5 meter sample that started at 19.8 meters and assayed 68.4 g/t silver and another 1.5 meter sample that started at 22.9 meters and assayed 61.9 g/t silver respectively.
Both of these holes are in the magnetic high region, and soil geochemical low area. This is a relationship that was anticipated. The magnetic minerals that was present when the hydrothermal fluids altered the rhyolite were destroyed and replaced by the silver bearing fluids. Phase 2 was designed as an exploration program to test unknown areas and confirm our understanding of the magnetic and soil geochemical areas. Our QP targets in this current program provided him with the ore body direction of mineralization and understanding of additional areas of mineralization. In Phase 3 based on the successful results, Viscount will add further exploration holes to expand the current deposit beyond the historical deposit area.
Holes DDH-21-05 to 07 were used to test limits to the deposit. These holes were of considerable distance from the defined resource established in Viscount's NI 43-101. Hole DDH-21-07 was located 495 meters from Viscount's NI 43-101 defined silver resource and was going to twin WH_255_CONO that had a shallow 4.57 meter intercept of 132.39 g/t silver. High voltage powerlines have been installed over the historic hole. This necessitated Viscount to have to move the hole 150 feet away from the power line (MSHA regulations). This was an untested area and the hole still showed anomalous silver mineralization throughout its 125 meter length. Further exploration in this area will be proceeded by soil Geochem or geophysics or both.
Jacob Hooker, Exploration Manager, said, "We are improving our understanding and proving out the Kate Silver Deposit. The recent results have reinforced to us that the Kate East Zone has proved to be open in all directions which will make our goal of expanding the current NI 43-101 resource possible. Our Phase 3 exploration program including the next phase of drilling set to begin this summer under the direction of our QP will strategically focus the next set of holes for resource expansion."