Canadian explorer Viscount Mining Corp (OTCMKTS:VLMGF) has hailed the “very positive” results from the latest round of drilling at its Silver Cliff project in Colorado.
So far, the results from seven holes drilled at the end of 2017 have been reported, with the final three due over the coming weeks.
The latest results cover two holes - P17001 and P17003.
P17001 returned intersects of up to 113.5 grams per tonne (g/t) of silver (Ag) over 9 meters (m) from 24m to 33m, including 237.5 g/t Ag over 3m from 25.5m to 28.5m.
Viscount added that this hole is notable because it tested the the northern portion of the Kate deposit.
The other hole, P17003, returned intersects of up to 58.5 g/t over 6m from 15m to 21m, including 86 g/t over 1.5m from 16.5m to 18m.
“The drill programme from 2016 and 2017 is showing very positive results that have led us to believe we are getting to a point in our understanding where we can start to target potential higher grade feeder zones some of which appear to have been the focus of historic mining,” said director and geologist Mark Abrams.
Viscount shares edged 0.4% higher to US$0.29 on Wednesday.