A Vancouver-based mineral resource exploration company announced that it has entered into an exploration earn-in agreement with a wholly own subsidiary of Centerra Gold Inc.(TSX:CG). This agreement will leave Viscount Mining Corp. (TSX-V:VML) a 30% interest in the Cherry Creek Project located in north-eastern Nevada, and leaving Centerra to pay four annual payments of $250,000 and spend $8,000,000 on mineral exploration costs on the property over the course of four years.
Viscount Mining is a Canada-based exploration-stage company engaged in natural resource exploration. The company is focused on resources located in the states of Nevada and Colorado in the United States of America. Its project includes Cherry Creek and Silver Cliff.
Traders seemed to be optimistic as shares of this micro cap traded up to a session high of $0.465/share (+12%). This move is very welcomed by long term investors hoping to get the uptrend back on track after the mid-December dip.
