Viscount Mining Corp. (TSXV: VML) (OTCQX: VLMGF) has released an additional technical interpretation of drill hole K26-08 at its Silver Cliff Project in Custer County, Colorado, reporting silver-equivalent grades for previously disclosed mineralised intervals. The update builds on complete assay results from the company's ten-hole 2026 programme reported on September 22, 2026, and focuses on the geological significance of K26-08 within the corridor between the near-surface Kate Silver Resource and the deeper Passiflora copper-gold porphyry target. Investors may be watching this release for early-stage signals about potential follow-up drilling priorities in a trend the company has not previously fully tested.

Key Points

  • Viscount Mining Corp. (TSXV: VML) (OTCQX: VLMGF) is a mineral exploration company focused on silver, gold, and copper projects in the western United States.
  • K26-08 returned 13.4 metres averaging 267.6 g/t silver and approximately 1.72 g/t gold, with a 7.9-metre higher-grade core grading 473.2 g/t silver and 2.92 g/t gold.
  • Internal zones within the 7.9-metre core include 1.8 metres grading 675 g/t silver and 10.20 g/t gold, and 1.5 metres grading 1,030 g/t silver and 1.65 g/t gold.
  • Investors should watch for planned offset drilling targeting the lateral and vertical continuity of the K26-08 mineralised zone within the Kate–Passiflora structural trend.

K26-08 Precious-Metal Grades and Silver-Equivalent Methodology at Silver Cliff

Using a 15 g/t silver cutoff consistent with the September 22, 2026 programme evaluation, K26-08 returned 13.4 metres averaging 267.6 g/t silver and approximately 1.72 g/t gold. A higher-grade 7.9-metre core within that interval graded 473.2 g/t silver and 2.92 g/t gold. Silver-equivalent values were calculated using September 22, 2026 reference prices of US$65.68 per ounce silver and US$4,325.03 per ounce gold, with 100% recovery assumed for both metals. Copper, lead, zinc, cadmium, and manganese were excluded from silver-equivalent calculations. The company cautions that AgEq figures represent comparative exploration values only and do not indicate recoverable metal or economic value.

Geological Setting: Ben West Volcanic Complex and Alteration Characteristics

K26-08 was drilled in the southern portion of the Ben West volcanic complex and encountered sulphide-rich brecciation alongside an evolving metal association distinct from the near-surface Kate silver system. Optical petrography identified phyllic alteration, with the deepest section showing pervasive potassic alteration. The company's technical team has interpreted the Ben West Volcano as a possible central intrusive centre within the Silver Cliff and Rosarita caldera metallogenic province. More than 100 structures and faults have been mapped across the project area, and more than 22 historic mineshafts and surface workings are located within and around the complex, informing the structural framework used to prioritise targets.

K26-08 Position Within the Kate–Passiflora Structural Trend

K26-08 is located approximately one kilometre from the current Kate Silver Resource boundary, within the broader structural trend connecting Kate to the Passiflora copper-gold porphyry target. The company's first deep Passiflora hole, PF-03A, intersected 843.9 metres of continuous copper-gold mineralisation averaging 0.214% CuEq, as previously reported on August 14, 2025. The disclosure states that K26-08 does not demonstrate continuity between Kate and Passiflora as a single mineralised body, but the combined assay, alteration, and multi-element geochemical data are considered relevant to refining drill vectors toward the northern corridor.

Qualified Person Oversight and Resource Estimate Status

The scientific and technical content in the release was reviewed and approved by Harald Hoegberg, C.P.G., an independent consulting geologist acting as Qualified Person under National Instrument 43-101. On-site geological logging was conducted by Christina Ricks, project geologist. All reported intervals are downhole core lengths; true widths have not been determined. The current Kate mineral resource remains the April 2023 estimate and has not been updated. The company states that the 2026 step-out results demonstrate mineralisation beyond the current resource boundary but do not, by themselves, constitute a resource increase.