CHERRY CREEK
Viscount’s flagship property is focused on exploratory mining operations in the immediate vicinity of an area commonly known as the Cherry Creek Project, located approximately 30 miles north of the town of Ely, in White Pine County, Nevada.
The Cherry Creek claims currently consist of 320 contiguous unpatented and patented claims as well as mill rights, covering more than 2658 hectares. Viscount has acquired all rights by purchasing the from the owners the patented claims which, allow Viscount the exclusive rights to prospect and explore for, mine by underground or open pit methods, mill, prepare for market, store, sell and dispose of all ores and minerals on or under the described properties.
Viscount has also acquired over 20 past silver / gold / tungsten producing mines including Blue Bird, Chance Mine, Filmore, Last Chance, Exchequer/ New Century Mine, Ticup and Motherlode mines.
Geologically, most of the mines are located in numerous Precambrian to Triassic aged quartzites, shales, limestones and dolomites as vein deposits, mostly in the Prospect Mountain Quartzite and the Cambrian Carbonate Formations. One of our project’s goals is focused on exploring the extensions of major veins in the district.
The three past important mines located in the Cherry Creek project are the Ticup, New Century / Exchequer and Star Mines. Because these three large past producing mines and the numerous smaller mine can indicate a possible hidden large mineral system related to a buried acid intrusive pluton Viscount staked all of the prospective ground between and adjacent to the old mines and prospects. This is the first time the all of the ground is under one company.
Flint Spring Canyon
The recognition that the Flint Spring Canyon may be analogous to Newmont’s Long Canyon deposit was first made during the field investigation for the Snowden NI43-101 report in 2012.
The 2015 mapping done by Summit at Flint Spring Canyon found the area to be much more complexly faulted than previously indicated on the Adair 1961 geologic base map. Summit’s mapping program found that east‐west orientated faults and fractures, which are important ore controlling structures at the Ticup and Star Mines, also occur in the area. The Flint Canyon area contains highly dissected fault blocks of the Dunderberg Shale with the underlying Marjum Limestone and overlying Notch Peak Limestone. The Pogonip Formation overlies the Notch Peak and both units are important host rocks for Long Canyon type gold mineralization in eastern Nevada.
Viscount’s Flint Canyon area exhibits alteration and mineralization characteristic of Long Canyon-type gold deposits. The exploration program in 2016 was started at Flint Spring Canyon soil sampling combined with detailed geologic mapping and drilling.
Jasperoid occurrences in Nevada are extremely significant, and mineralized jasperoid outcrops are common throughout the Flint Spring Canyon area. They occur principally along the base of the Dunderberg Shale but other outcrops are found along Pogonip‐Notch Peak contact. Many major gold discoveries have been made based on the presence of outcropping, weakly mineralized jasperoid hosted in and along bedding contacts of carbonate rocks. At Flint Canyon, jasperoid is found in the same carbonate rocks that are prolific host rocks at Newmont Mining’s nearby Long Canyon gold deposit.
The jasperoid beds, interpreted as west dipping tabular features, occur along the base of the Dunderberg Shale and within the Pogonip group limestone. The Dunderberg Shale is generally recessive and is exposed mainly along the outcropping contacts with more competent rocks. The Dunderberg appears to be moderately altered throughout its distribution, and at Flint Spring Canyon it experienced widespread and significant alteration by hydrothermal fluids. The underlying Marjum Limestone is usually competent and unaltered, while the overlying Pogonip exhibits variable alteration.
The Flint Spring Canyon jasperoid and carbonate rock chip samples are highly anomalous in gold mineralization. Of the 203 rock samples collected in the Flint Canyon domain (includes northern Lead Mine Canyon).
32 RC holes for a total of 5,369 meters. Relatively strong gold intercepts were found in silicified zones in the Cambrian strata, in collapse breccias, silicified zones in the Ordovician Pogonip Formation and in silicified zones in an undifferentiated dolomite. Most of the drilling was on the west side of Flint Spring Canyon, and the anomalies on the east side of the canyon are still un-tested.
Exchequer/New Century Mines and Star/Grey Eagle Mines
Recent mapping and sampling by the project geologists have verified the anomalous gold in this area, from the Star Mine up to and past the Grey Eagle vein which is subparallel to the Exchequer vein. Since the Star structure strikes northwest, it may extend to the Exchequer vein. Therefore, the potential target area extends from the Star Mine to the Exchequer structure. The drill programs will test the possibility of a major deep seated gold-silver and base metals deposit in this general mineralized area. This could become a significant new area with economic grade mineralization. With the possibility of connecting the three past producing mines underground, could mean a significant cost saving in mining if an economic grade deposit is discovered.