Welcome to our dedicated page for Viscount Mng news (Ticker: VLMGF), a resource for investors and traders seeking the latest updates and insights on Viscount Mng stock.
Viscount Mining Corp. (OTCQB: VLMGF) generates frequent technical and corporate news as it advances its Silver Cliff and Cherry Creek projects. On this page, readers can follow company announcements that detail drilling results, geophysical and geochemical surveys, resource updates and exploration plans across its silver, gold and copper targets in the Western United States.
At the Silver Cliff Project in Colorado, Viscount’s news releases highlight work at the Kate Silver Deposit and the Passiflora copper-gold porphyry target. Updates include MMI soil-geochemistry programs outlining silver and copper-gold anomalies, integration of structural mapping and historical drilling, and deep drill holes that intersect continuous copper-gold mineralization within a large MT conductivity anomaly. These reports provide insight into how the company interprets a near-surface epithermal silver system at Kate and a district-scale porphyry system at Passiflora.
News from the Cherry Creek Project in Nevada focuses on multi-metal exploration in a historic mining district, including joint drill programs with a subsidiary of Centerra Gold Inc. Releases discuss targets such as jasperoid-hosted gold, CRD-style mineralization and structures like the Exchequer Fault zone, along with planned reverse circulation drilling.
Investors and followers of VLMGF can use this news feed to track exploration milestones, technical interpretations by Qualified Persons, and corporate developments such as advisory board appointments and shareholder meeting results. Bookmark this page to review Viscount’s latest exploration data, project updates and strategic announcements as they are released.
Viscount Mining and partner Centerra Gold have initiated their drilling program at the Cherry Creek property in Nevada. The program targets two key areas: first, a region with significant molybdenum and gold geochemical anomalies in soil and rock samples, featuring gold-bearing jasperoid formations; second, the Exchequer Fault zone's extension. The magnetic anomaly in the first target suggests a possible mineralized porphyry at depth. The program consists of approximately seven Reverse Circulation (RC) drill holes, totaling 1,500 meters of drilling.
Viscount Mining Corp. (TSXV: VML) (OTC Pink: VLMGF) held its 2024 Annual General and Special Meeting of shareholders on September 23, 2024, in Vancouver, BC. The meeting saw a participation of 29,026,334 common shares, representing 26.34% of the company's outstanding common shares. Shareholders elected all director nominees listed in the Company's Management Information Circular dated August 20, 2024, including Jim MacKenzie, Andrew Gertler, Dr. Grant Devine, and Mark J. Abrams. Additionally, shareholders re-approved the Company's stock option plan and re-appointed Davidson & Company LLP as the Company's auditors.
Viscount Mining Corp. (TSXV: VML) (OTC Pink: VLMGF) has closed its over-subscribed non-brokered private placement, raising $5,552,300 by issuing 22,209,200 units at $0.25 per unit. Each unit includes one common share and one warrant exercisable at $0.30 for 24 months. The company will use the proceeds for exploration and development of its Colorado properties and general corporate purposes. Insider participation totaled 1,048,193 units. Viscount is preparing to drill exploratory holes at the Passiflora in Silver Cliff to test a large conductive anomaly, potentially indicating a significant mineral system. The company is also planning a drill program at the Kate Deposit in Silver Cliff, where it has an open pit NI 43-101 resource.
Viscount Mining has announced a $5,000,000 non-brokered private placement. The offering will comprise 20,000,000 units at $0.25 per unit. Each unit includes one common share and one transferable share purchase warrant, exercisable at $0.30 for two years. Up to 5% in cash may be paid as finders' fees. The proceeds will fund exploration, development, and working capital. Insider participation makes it a related party transaction under MI 61-101, but exemptions apply as insider involvement stays below 25% of market capitalization. Approval from TSX Venture Exchange is pending, and issued securities will have a four-month-plus-one-day hold period.
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