Viscount Mining Hits Paydirt: 1100m of Sulfides Discovered in Passiflora Drill Hole

Viscount Mining Corp. (TSXV: VML) (OTC Pink: VLMGF) has just announced a groundbreaking discovery at its Passiflora target in Silver Cliff, Colorado. The first deep drill hole, completed to a downhole depth of 1143m, intersected continuous sulphide mineralization throughout the entire length of the hole. This discovery has sent shockwaves through the mining industry, as it suggests the presence of a significant porphyry-style deposit.

The drill hole identified disseminated sulphides as well as more massive zones and abundant veins over an interval of 1100m. Notable sulfides including chalcopyrite, molybdenite, and pyrite were prevalent over this continuous interval. Chalcopyrite, in particular, is a brass-yellow mineral with a chemical composition of CuFeS2 and is the main copper mineral in porphyry systems. The presence of these minerals supports the hypothesis of a porphyry-style deposit.

The geophysical anomaly identified by Quantec, along with the associated alteration and mineral assemblage, strongly supports the hypothesis of a porphyry-style deposit at Passiflora. Quantec geoscientists identified a significant system of interconnected mineralized fractures with extremely low resistivity, starting at a depth of ~400m and continuing to ~1.5km, maybe deeper. The detectable length of the anomaly is ~1.4km in the SW-NE direction with a width of at least 700m and an open interpretation to the untested NW. This represents a total volume of over 665,000,000m3. As stated by Quantec, "a deposit with this large size and this high of a conductivity (extremely low resistivity) is likely explained by a significant system of interconnected mineralized fractures." This large, low-resistivity anomaly is consistent with the characteristics of a porphyry-style deposit.

The drill hole encountered argillic alteration below the overburden, which changed to phyllic alteration around 200m. Much of the hole after showed abundant overprinting of different types of alteration. This alteration pattern is typical of porphyry systems, where hydrothermal fluids alter the surrounding rock, creating zones of phyllic and argillic alteration.

The geologic setting of the Passiflora, in a caldera, and the associated alteration and the presence of Manto deposits, make it possible that a porphyry style deposit may be the reason for the geophysical anomaly. This is supported by the fact that the Silver Cliff caldera is one of at least ten eruptive centers of the Central Colorado Volcanic Field (CCVF), and four of these ten have been further classified as silicic eruptive centers, of which the Silver Cliff caldera is one (McIntosh and Chapin, 2004).

The implications for further exploration and development are significant. The first deep drill hole at Passiflora exceeded expectations, with abundant metallic minerals in disseminated and interlocking veins and masses that are all likely connected over an interval of 1100m. This gives Viscount confidence that a porphyry-style deposit may be the reason for the geophysical anomaly. Viscount is currently in the planning stages for confirmation holes, which will further validate the hypothesis and provide more data on the extent and grade of the deposit. If confirmed, the Passiflora deposit could be a significant addition to Viscount's portfolio, with the potential for large-scale mining operations.

The potential economic implications of the Passiflora deposit are significant, given its similarity to the Cripple Creek Mine. The Cripple Creek Mine is a highly profitable, still active deposit located approximately 70 kilometers NNE of the Passiflora. The ore being mined at Cripple Creek is primarily from diatremes (volcanic breccia pipes), which overlie sulfide-altered, porphyritic igneous intrusions. This similarity suggests that the Passiflora deposit could also host a similar system of diatremes and sulfide-hosting igneous intrusions at depth.

The presence of these minerals and the alteration zones are typical of most known copper porphyry systems, which are known for their economic potential. The first hole with the geologic setting, in a caldera, the associated alteration and the presence of Manto deposits, gives us the confidence of that a porphyry style deposit may be reason for the geophysical anomaly.

If the Passiflora deposit is confirmed to be a porphyry style deposit, it could have significant economic implications for Viscount Mining. Porphyry deposits are known for their large size and high metal content, which can lead to significant earnings for mining companies. The Cripple Creek Mine, for example, has been a highly profitable operation for Newmont, one of the world's largest gold mining companies.

The potential economic implications of the Passiflora deposit could influence Viscount Mining's future earnings and market valuation in several ways. First, if the deposit is confirmed to be a porphyry style deposit, it could lead to increased earnings for the company as it begins to extract and sell the minerals. Second, the potential for a large, high-grade deposit could attract investors and increase the company's market valuation. Third, the discovery of a porphyry style deposit could lead to further exploration and development in the area, potentially leading to additional discoveries and increased earnings for the company.

In conclusion, the discovery of 1100m of significant sulfides in the first deep drill hole at Passiflora has the potential to significantly impact Viscount Mining's stock performance and investor sentiment in both the short and long term. The presence of a large system of interconnected mineralized fractures, as indicated by the Quantec geoscientists, suggests that the deposit could be a significant porphyry-style deposit. This is further supported by the geologic setting in a caldera, the associated alteration, and the presence of Manto deposits. The similarity of the Passiflora target to the highly profitable Cripple Creek Mine, which is also located in a caldera and has a similar geologic setting, further enhances the potential for long-term success. As Viscount continues to explore and develop the Passiflora target, positive results from further drilling and assays could lead to a sustained increase in the stock price and investor confidence in the company's long-term prospects.