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Viscount Mining Enters Into Long Term Agreement for Additional Acreage at its Silver Cliff Property, Colorado
Viscount Mining (TSX VENTURE:VML)(OTCQB:VLMGF) (“Viscount” or “the Company”), is pleased to announce that the Company has entered into a long term extension on the previous access and mineral rights agreement (the “Mineral Agreement”) for the area at Silver Cliff including the Kate Deposit (the “KSR”) located adjacent to the Town of Silver Cliff in the …
Viscount Mining (TSX VENTURE:VML)(OTCQB:VLMGF) (“Viscount” or “the Company”), is pleased to announce that the Company has entered into a long term extension on the previous access and mineral rights agreement (the “Mineral Agreement”) for the area at Silver Cliff including the Kate Deposit (the “KSR”) located adjacent to the Town of Silver Cliff in the State of Colorado.
The final lease/option agreements entered into with the underlying holders of the mineral rights are consistent with the previously announced terms and conditions and now provide for greater security and certainty of Viscount’s rights and interests.
After completing the 2016 Drill Program, Viscount has determined its access to historical data and other information on the property, including extensive maps of the district showing claims, old mines, exploration targets and prospects, locations of historic resource estimates, drill holes, township and infrastructure data is proving to be invaluable.
Target models in the available information include blanket-style mineralization near surface as demonstrated by the 2016 drill program located in the Silver Cliff Pit Area as well as blanket-style at depth and high-grade vein deposits.
Strategically, the Company made the decision to continue its control of 100% of the initial area plus an increase of 46.43 acres of additional land under long term control, for a total of 2,029 acres. In addition, the Company has acquired partial interest in an aggregate pit lease known as the Silver Cliff Pit area.
Click here to read the full text release.
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