Viscount Mining Launches Fully Funded Major 2026 Exploration Program at Silver Cliff Targeting Resource Expansion at the Kate Deposit and Advancement of the Passiflora Gold - Copper Porphyry Discovery
Fully Funded for 2026 Exploration Targeting Massive Porphyry Potential and Silver Resource Expansion
The most recent news (March 31, 2026) confirms that Viscount Mining is now "fully funded" following the closing of an oversubscribed $5.6 million financing. This capital triggers the launch of a three-pronged 2026 exploration program: - Silver Cliff (Kate Deposit): A 10-hole program to expand the existing 24 Moz silver resource laterally and at depth. - Silver Cliff (Passiflora): A minimum of three deep drill holes targeting a massive MT geophysical anomaly where previous drilling (PF-03A) hit a staggering 843.9m of continuous mineralization. - Cherry Creek (Nevada): A new drill program targeting carbonate replacement deposits (CRD) and molybdenum porphyry targets. - Corporate: Engagement of Delray Capital Markets for a 30-day investor outreach blitz.
The impact is Material - Positive because it transitions the company from "planning and permitting" to "execution and discovery" with a clean balance sheet. - Financial De-risking: The $5.6M raise is significant relative to the company's previous cash position ($1.2M in Nov 2025), removing the immediate "going concern" risk for the 2026 season. - Scale of Opportunity: The Passiflora target is no longer just a theory; the 843.9m intercept from 2025 provides a high-conviction baseline for the upcoming deep holes. If these holes hit the "core" of the MT anomaly, it could redefine the company from a silver junior to a major copper-gold porphyry play. - Resource Growth: The Kate deposit drilling is aimed at a revised NI 43-101 later in 2026, providing a tangible valuation floor based on silver ounces while the "lottery ticket" porphyry drilling occurs simultaneously.
Viscount Mining is an explorer focused on the Silver Cliff Project in Colorado and the Cherry Creek Project in Nevada. - Flagship (Silver Cliff): Located in the Hardscrabble Silver District. It hosts the Kate Silver Deposit (24 Moz Ag resource) and the Passiflora target. Passiflora is the primary "blue sky" asset, showing evidence of a large-scale copper-gold porphyry system beneath historic silver-lead workings. - Cherry Creek: A large land package in Nevada with over 20 historic mines, currently being explored for CRD and Moly-porphyry systems.