VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 21, 2015) –Viscount Mining Corp. (TSX VENTURE:VML)(OTCQB:VLMGF) (“Viscount” or “the Company”) is pleased to announce that geologist and mining executive Mark J. Abrams has consented to join the Company’s technical advisory board.
Mr. Abrams has more than 30 years of domestic and international mineral exploration experience. Most recently, he was responsible for exploration and acquisitions in the United States for Golden Predator Corp., prior to which he worked for 12 years for Agnico-Eagle (USA) Ltd., where he led his exploration team to a gold discovery in northeastern Nevada. Mr. Abrams has designed, initiated and conducted advanced project evaluations and acquisitions in the in United States, Mexico, Honduras, Guatemala, Chile, Argentina, Canada, China and Indonesia, including the acquisition of and first exploration work on the Donlin Creek project in Alaska for Placer Dome. He conducted exploration work over 18 years for Placer Dome within the Cortez joint venture and Bald Mountain mine properties. He was responsible for acquiring the lands now occupied by portion of the Pipeline mine and was involved in the early exploration work on the deposit. Mr. Abrams is experienced in creating and managing programs and budgets ranging from $100,000 to $15,000,000, and holds a BSc. in Geology and MSc. in Geology from Eastern Washington University.
Mark Abrams stated, “I am very pleased to join the Company’s advisory board. The Company is managed by well qualified people. As an exploration geologist, I am excited to be able to assist in the successful advancement of the high-potential properties in the Company’s portfolio. I have worked in Nevada for 35 years. In that time I have had the opportunity to work on some very good projects in the region of the emerging Pequop Trend, including Alligator Ridge mine, Bald Mountain mine and the West Pequop project. The Cherry Creek project exhibits important earmarks common to these projects as well as Long Canyon, Kinsley Mountain and others on this developing trend.”
The Company also announces that pursuant to the Company’s Stock Option Plan it has granted 195,000 stock options at a price of $0.20 per common share to consultants of the Company. The option grant will vest immediately. As per the Company’s Stock Option Plan, the options granted are exercisable until July 21, 2020. Grant of the options is subject to the approval of the TSX Venture Exchange.
About Viscount Mining (TSX VENTURE:VML)(OTCQB:VLMGF)
Viscount Mining is an exploration company with a portfolio of gold and silver properties in the Western United States, including Cherry Creek in Nevada and Silver Cliff in Colorado. Cherry Creek is comprised of more than 9,000 acres, all 100% owned, and includes more than 20 past producing mines. Viscount has entered into an exploration earn-in agreement with Sumitomo Corporation covering the Cherry Creek property. Sumitomo can earn in up to a 75% interest in the property by producing a feasibility study and by spending in addition a minimum of US$10,000,000 in exploration and development expenses by the eighth anniversary of the earn-in agreement. Silver Cliff in Colorado is comprised of 96 lode claims, covering much of the historical past-producing mineral districts of Silver Cliff and Rosita Hills.
For additional information regarding the above noted property and other corporate information, please visit the Company’s website at www.viscountmining.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Jim MacKenzie, President, CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed “forward-looking” statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Viscount Mining Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Viscount Mining Corp. management on the date the statements are made. Except as required by law, Viscount Mining Corp. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Viscount Investor Relations