Core Viewpoint - Viscount Mining Corp. is advancing its exploration strategy for 2026, focusing on the Kate silver resource and emerging gold-copper system at Passiflora, with upcoming drilling expected to drive near-term catalysts [1][20]. Exploration Strategy - The company is fully funded for a robust exploration program across its U.S. assets following a successful oversubscribed financing led by Centurion One Capital [2]. - Increased technical momentum is noted in the Silver Cliff district, where Viscount controls a significant land position [2]. Geological Insights - The geological model of the Silver Cliff district has been refined, revealing multiple mineral systems beyond the previously focused shallow high-grade silver mineralization [3][4]. - The Kate Deposit currently has a NI 43-101 compliant resource of approximately 24 million ounces of silver, with potential for further expansion [5][6]. Drilling Programs - A 10-hole drill program at the Kate Deposit is set to expand the mineralized footprint and provide data for a revised NI 43-101 resource later this year [7][9]. - The upcoming drilling will also target deeper structural zones that may serve as feeder pathways for mineralizing fluids [8]. Passiflora Target - Geological and geophysical evidence supports the presence of a significant gold-copper porphyry system at the Passiflora target, with a previous drill hole intersecting 843.9 meters of continuous mineralization [10][11]. - The 2026 drill program will include a minimum of three deep holes to evaluate the extent and continuity of the mineralized system [13]. Additional Projects - Viscount plans to initiate a new drill program at the Cherry Creek Project in Nevada, focusing on several distinct mineral systems identified through historical and modern geological interpretation [18][19]. Corporate Developments - The company has engaged Delray Capital Markets for investor outreach and market awareness initiatives, with a consulting fee of US$100,000 for a 30-day term [23][24]. - Clarifications regarding a previous financing of $5.3 million include details on cash commissions and units issued as part of the corporate finance fee [25].
Viscount Mining Launches Fully Funded Major 2026 Exploration Program at Silver Cliff Targeting Resource Expansion at the Kate Deposit and Advancement of the Passiflora Gold - Copper Porphyry Discovery
TMX Newsfile·2026-03-31 11:45