Viscount and Centerra Gold Launch Drilling Operations at Cherry Creek, Nevada

Viscount Mining Corp., in collaboration with its partner, a wholly owned subsidiary of Centerra Gold Inc., has initiated a drilling program at the Cherry Creek property in Nevada. The exploration focuses on two primary targets, starting with an area displaying a significant geochemical anomaly of molybdenum and gold in soil and rock samples. This region is underlain by gold-bearing jasperoid formations located at the upper and lower contacts of the Eureka Quartzite. Jasperoid, an iron-rich siliceous material, forms when hydrothermal fluids introduce silica into susceptible host rocks, often serving as an indicator of nearby or deeper mineralization, though not all jasperoids are mineralized.

The first target also features a magnetic anomaly dipping moderately eastward, which might represent a magnetic dike or porphyry associated with the Eocene-age pluton underlying the Cherry Creek mining district. The convergence of magnetic and molybdenum anomalies points to the possibility of a mineralized porphyry at depth. Such a porphyry could be the driving force behind the district's diverse mineralization, including silver and base metal veins, carbonate replacement deposits (CRD), and Carlin-style gold mineralization.

The second target focuses on extending the mineralized Exchequer Fault zone into the southwestern portion of the property. This fault is a deep-seated, northeast-trending structure that likely served as a conduit for hydrothermal activity within the Cherry Creek district. It is characterized by several subsidiary faults and splays, which broaden its mineralized footprint. These structural features are believed to be the source of gold mineralization in adjacent claims southwest of Cherry Creek.

The drilling program plans to execute approximately seven reverse circulation (RC) drill holes, totaling 1,500 meters. These efforts aim to further delineate mineralization in the targeted areas and enhance the understanding of the district's geological framework.

Viscount Mining is an exploration company and project generator with a portfolio of silver and gold properties in the Western United States, including the Silver Cliff project in Colorado and the Cherry Creek project in Nevada.

The Silver Cliff property, located in Colorado's historic Hardscrabble Silver District within the Wet Mountain Valley, Custer County, lies 44 miles west-southwest of Pueblo and offers year-round access via paved roads. Covering 96 lode claims, the property was a significant source of high-grade silver, gold, and base metals, produced from numerous mines between 1878 and the early 1900s. Extensive exploration from 1967 to 1992 revealed that Silver Cliff is part of a large caldera and a highly altered sequence of tertiary rhyolitic flows, which host both precious and base metal deposits. This potential has been demonstrated by the ore recovered from historical surface and underground mining operations. 

In light of these findings and feasibility studies, Tenneco Minerals planned to construct a $35 million milling facility to extract Silver Cliff’s silver reserves, based on a silver price of $5.00 per ounce. However, following the sale of Tenneco’s Mining Unit, the milling project was abandoned, leaving the property with untapped potential.