TSX.V: VIPR, OTC: VIPRF Exploration Continues to Encounter Mineralization beneath the El Rubi Deposit and prepares for a TITAN-160 Deep-Penetrating Geophysical Survey Drilling continues to test external and internal targets along the El Rubi structure. Prospecting activities continue to advance the La Colmena zone located north of El Rubi, and a new prospect, Paredones, located east of El Rubi, on the El Molino .
Silver Viper Minerals Corp. (the
Company or Silver Viper ) (TSXV: VIPR) is pleased to announce that the Company has filed on SEDAR an independent technical report (the Report ) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ( NI 43-101 ) supporting the maiden mineral resource estimate for its La Virginia Precious Metal Project, previously reported in the Company s news release dated May 3
rd, 2021. The Mineral Resource Estimate was prepared in accordance with the guidelines of the Canadian Securities Administrators National Instrument 43-101; and have been estimated in conformity with generally accepted CIM Estimation and Mineral Resource and Mineral Reserve Best Practices guidelines.
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TSX.V: VIPR, OTC:VIPRF
Estimate includes Indicated Resources of 154,300 Oz Gold and 6,929,000 Oz Silver and Inferred Resources of 260,300 Oz Gold and 12,941,300 Oz Silver
El Rubi Zone returns an Indicated Resource of 6,179,000 tonnes grading 0.78 g/t gold and 35 g/t silver for 154,300 oz Au and 6,929,000 oz Ag, in addition to an Inferred Resource of 3,255,000 tonnes grading 0.90 g/t gold and 36 g/t silver for 94,100 oz Au and 3,750,000 oz Ag.
Con Virginia, El Oriental, Las Huatas and Las Huatas South add an Inferred Resource of 6,622,000 tonnes grading 0.71 g/t gold and 41 g/t silver for 152,200 oz Au and 8,739,800 oz Ag in open pit category, and 227,000 tonnes grading 1.92 g/t gold and 62 g/t silver for an additional 14,000 oz Au and 451,500 oz Ag in the underground category.
Silver Viper Drills 1.0 metres core length grading 491 g/t silver and 10.3 g/t gold and 1.0 metres grading 351 g/t silver and 11.1 g/t gold within 28 metres long mineralized interval in hole LV21-290 at La Virginia
TSXV: VIPR, OTC:VIPRF New hole LV21-290 situated 50 metres south of previously reported drillhole LV21-289 Headline intervals represent highlights from a 28 metres long interval averaging 88 gt silver and 2.43 gt gold starting at 384 metres down hole New interval represents the southerly extension of the El Rubi structure and is the deepest intercept to date upon that target Work continues to advance toward the …
Hole LV21-289 intercepts 130 metres
1 (80.08 metres estimated true width) of silver-gold mineralization averaging 18 g/t silver and 0.69 g/t gold before cutting an additional 19.3 metres
1 (11.89 metres estimated true width) averaging 363 g/t silver and 21.2 g/t gold in the deepest hit on the El Rubi structure to date
Individual sample #21699 returns 10,681 g/t silver and 738 g/t gold over 0.5 metres
1 core length (0.31 metres estimated true width)
Intervals from LV21-289 overshadow excellent results from hole LV20-284, also intercepting multiple broad zones of mineralization in the Western Zone
Work continues to advance toward the completion of a maiden resource calculation, with new data being incorporated into the model