Silver Viper Minerals to Acquire Cimarron Gold-Copper Project
Silver Viper Minerals to Acquire Cimarron
Gold-Copper Project
VANCOUVER, BC
,
May 8, 2025
/CNW/ -
Silver Viper Minerals Corp.
("
Silver Viper
" or the
"
Company
") (TSXV: VIPR) (OTC: VIPRF) has entered into an agreement with CSAC Holdings Inc.
("CSAC") and all of the shareholders of CSAC (collectively, the "
Vendors
") dated
May 8, 2025
(the
"
Purchase Agreement
") to acquire the Cimarron Project in
Sinaloa, Mexico
, a property hosting a
porphyry gold-copper system (the "
Transaction
").
"This acquisition supports our strategy to build scale through the addition of high-quality gold, silver
and copper assets in
Mexico
," said
Steve Cope
, President and CEO of Silver Viper. "Cimarron has
benefited from extensive historical drilling and is ready for the next stage of infill and step-out work."
Transaction Summary
Pursuant to the terms of the Purchase Agreement, Silver Viper has agreed to acquire all of the
outstanding common shares of CSAC from the Vendors in exchange for 9,000,000 common shares
of Silver Viper. Closing remains subject to satisfaction of a number of conditions, including but not
limited to, the receipt of the requisite TSX Venture Exchange approval of the Transaction and
completion of satisfactory due diligence by Silver Viper of CSAC and the Cimarron Project, as well
as other conditions customary for a transaction of this nature. Closing is expected to occur as
promptly as possible following satisfaction of the closing conditions set out in the Purchase
Agreement.
Highlights of the Cimarron Project
The Cimarron Project is located on the prolific porphyry belt from
Arizona
to
Jalisco
and is situated in
the well-established mining jurisdiction of
Mexico
. The Cimarron Project lies between Mazatlán and
Rosario
in
Sinaloa
and is accessible via an 11-kilometre dirt road from a nearby paved road. The
area is relatively flat, with low topographic contrast, supporting ease of access. An electrical line
passes one kilometre south of the property. The nearby towns of Rosario—a historic mining
community—and Mazatlán provide access to skilled local labour.
Having considered some of the historical exploration undertaken on the Cimarron Project, Silver
Viper believes that the Cimarron Project has potential for growth by focusing on three parts of the
mineralized system, being Calerita, Lobo and Huanacaxtle. Most target areas of the Cimarron
Project remain underexplored, and Silver Viper believes that trenching may offer an efficient, low-
cost approach to generate additional drill targets, particularly in areas of soil anomalies. Further
updates will be provided on activities to be undertaken at the Cimarron Project by Silver Viper
following closing of the Transaction.
Qualified Person
The technical information in this news release has been prepared in accordance with Canadian
regulatory requirements set out in NI 43-101 and reviewed and approved by Ben Whiting, P.Geo., a
Qualified Persons as defined in NI 43-101.
About the Company
Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on
precious metals exploration in
Mexico
. The Company is the operator and 100% owner of the La
Virginia Gold-Silver Project in
Sonora
. The Company continues to evaluate and advance mineral
exploration opportunities across key mining jurisdictions in
Mexico
and in
May 2025
entered into a
definitive agreement to acquire the Cimarron Project in
Sinaloa, Mexico
.
ON BEHALF OF THE BOARD OF DIRECTORS,
Steve Cope
President and CEO
Follow us on social media:
X:
@SilverViperCorp
LinkedIn:
Silver Viper Minerals Corp.
Facebook:
Silver Viper Minerals
YouTube:
@SilverViperMinerals
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Note Regarding Forward-Looking Statements:
This news release includes forward-looking statements that are subject to inherent risks and
uncertainties. All statements within this news release, other than statements of historical fact, are to
be considered forward looking and include, without limitation, any statements respecting the
Transaction, including closing thereof, receipt of TSX Venture Exchange approval of the Transaction
and future plans for the Cimarron Project. Although Silver Viper believes the expectations expressed
in such forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ materially from
those described in forward-looking statements. Factors that could cause actual results to differ
materially from those described in forward-looking statements include fluctuations in market prices,
including metal prices, continued availability of capital and financing, and general economic, market
or business conditions. There can be no assurances that such statements will prove accurate and,
therefore, readers are advised to rely on their own evaluation of such uncertainties.
SOURCE
Silver Viper Minerals Corp.
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For further information:
For further information, please contact Alicia Ford at 604-687-8566, email
[email protected] or visit our website at www.silverviperminerals.com.
CO: Silver Viper Minerals Corp.
CNW 17:27e 08-MAY-25