Drilling Commences On The Silver Cliff Property 

VANCOUVER, BC - Viscount Mining Corp. has commenced drilling of its Silver Cliff property in the Hardscrabble Silver District in Custer County, Colorado. The drill program has the objective of confirming the historical documentation on one of the Silver Cliff deposits known as "Kate" and will also include angle holes which will test steeply dipping mineralized structures that have the potential for enhancing historical estimates based on vertical holes that tested flat-lying mineralized bodies.

In late July 2016, the Company completed over thirty line-miles of magnetic geophysical surveying. The resulting extensive data package has subsequently been compiled and clearly shows a good correlation between high magnetic responses and silver mineralization encountered by historical drilling. Not only do the high magnetic responses correlate with known silver mineralization, but there also are other high response zones that remain untested by the drilling.

In this first phase of core drilling, the Company intends to complete 10 holes totaling 2,000 feet. This program will begin to define the deposits. The Company on the basis of historical estimates has a target of 40 to 50 million ounces of silver on the Property. However, potential quantity and grade is conceptual in nature, as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Recent preliminary results of representative, continuous rock chip sampling and geological mapping at a scale of 1:240 around the perimeter of the 7960 bench in the existing aggregate pit shows that silver, manganese, lead, zinc, gallium, and indium are present. 

The detailed mapping completed in October 2016 revealed a previously undocumented, silicified carbonate reef complex. The silicification indicates replacement by hydrothermal fluids. Further, both the Kate Deposit and the silicified carbonate reef occupy the same stratigraphic position, directly above an obsidian bed. If the carbonate reef was completely replaced by silica, it would be a very brittle rock, easily shattered by minor tectonic adjustments, creating a breccia whose matrix could become mineralized by hydrothermal fluids from an epi- or hypothermal feeder vein. The discovery of the carbonate reef complex has yielded a completely different genetic model for the Kate Deposit than that proposed by previous geologists.

Jim MacKenzie, Viscount President and CEO stated: "We are very pleased with the ongoing work program at Silver Cliff. With the detailed mapping just completed revealing a previously undocumented new reef complex, we made the decision to adjust the drilling schedule to further investigate this new reef. We are very excited as this newly identified complex represents a possible expansion of Silver Cliff."

The Silver Cliff property lies within the historic Hardscrabble Silver District in Colorado. The Property consists of 96 lode claims where high grade silver, gold and base metal production came from numerous mines during the period 1878 to 1894. It is located 44 miles WSW of Pueblo Colorado and has year-around access by paved road. The property underwent substantial exploration between 1967 and 1984 for the purpose of defining mineral inventories. The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals.