News Bureau

Silver Viper runs geophysics survey

Silver Viper Minerals provides an update on exploration activities within the La Virginia Silver-Gold Project, located in Sonora, Mexico. Exploration efforts since the release of Silver Viper’s Maiden NI 43-101 gold-silver mineral resource estimate have continued to advance with exploration drilling at El Rubi and expansion of mapping and sampling coverage across the project area.

Recent drilling has been performed at the Paredones Zone on the eastern structural/mineralized trend. Quantec Geoscience contractors have now completed data collection for a 31 line-kilometre Magnetotelluric geophysical survey covering approximately 610 hectares (1,500 acres). Final deliverables from the survey are expected in the coming weeks.

Silver Viper’s President and CEO Steve Cope states “Quantec has shared preliminary data from the first lines of the MT survey. We expect the geophysics to help in refining drill testing of existing zones and to reveal new deeper unexposed targets. Once the data is processed, we anticipate identification of additional prospective targets, comparable in size to El Rubi. Preliminary data is already showing potential new targets that were previously unknown.”

The exploration team has reviewed preliminary 2D imaging from the first of the MT survey lines and believe the method will be very effective at La Virginia. The company eagerly awaits final deliverables expected in the coming weeks.

Prospecting work continues along the El Rubi trend and the adjacent El Molino trend. Advances have been made at the La Colmena, Paredones and El Molino South prospect areas. These early-stage prospects host outcroppings of silicified hydrothermal breccias and quartz veining, similar to breccias and veining seen in the El Rubi area.

In addition to the geophysical survey, current work includes rock chip sampling and mapping. Preliminary surface chip sampling of mineralized outcrop at El Molino prospect has returned a best result of 1.0 metre grading 90 g/t silver and 8.31 g/t gold from an interval averaging 3.0 metres of 66 g/t silver and 5.11 g/t gold.

Recent diamond drilling within the project has probed for lateral and vertical extensions from known mineralized intercepts at El Rubi. 

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