Business

Viscount Mining Signs Exploration Agreement

(via Thenewswire.ca) VANCOUVER, Canada / TNW-ACCESSWIRE / June 17, 2014 / Viscount Minin...

articleViscount Mining Corp.June 17, 20143/company/viscount-mining-corp/news/viscount-mining-signs-exploration-agreement
Viscount Mining Signs Exploration Agreement

About this update from Viscount Mining Corp.

[{"type":"text","content":"Viscount Mining Signs Exploration Agreement(via Thenewswire.ca)\n\n \nVANCOUVER, Canada / TNW-ACCESSWIRE / June 17, 2014 / Viscount Mining Corp. (TSX-V: VML) (\"Viscount\" or \"the Company\"), a mineral resource exploration company with a portfolio of past producing gold and silver mines and exploration properties in the Western United States, is pleased to announce it has signed an agreement with Sumitomo Corporation of Americas (\"SCOA\") to conduct an exploration program on the Company's flagship property located in Cherry Creek, Nevada. \n\n \n \nThe Cherry Creek Property lies within an historic silver district, where high grade silver production came from numerous mines up to the 1920's. This land holding includes the three largest past producing silver mines on the property - the Exchequer/New Century Mine, Ticup and the Star Mine. \n\n \n \nThe program by SCOA will consist of intensive field sampling and reconnaissance mapping on the Property. Viscount has granted SCOA full access to historical data and locations of previously producing mines.\n\n \n \nMr. Kaare Foy, Chairman of Viscount, comments: \"We are very pleased to have SCOA involved in our Cherry Creek project. They are a world class organization and we look forward to working with them to advance the Property\".\n\n \n \nTechnical information in this news release has been approved by Dallas W. Davis, PEng, FEC, an independent consulting geologist and a qualified person as defined in NI 43-101.\n\n \n \nViscount Mining Corp. also announces that it has received subscriptions representing $250,000 in gross proceeds pursuant to a non brokered private placement of common shares of the Company offered at a price of $0.20 per share. The Company may raise additional funds of up to $2 million under the private placement.\n\n \n \nThe closing of the private placement is subject to approval by the TSX Venture Exchange.\n\n \n \nThe majority of the proceeds of the placement will be used to fund the continuing development of our exploration program with a portion also going towards general working capital.\n\n \n \nAbout Viscount Mining (TSX-V: VML)\n\n\n \nViscount Mining is a exploration company with a portfolio of properties in the Western United States including holdings in Nevada comprising 2,700 acres (the majority of the claims are patented claims), all 100% owned inc...

More updates from Viscount Mining Corp.