G/T Au And 6,850 G/T Ag While Infill Drilling At El Rubi And Expands The 5,000 M Drill Program At La Virginia Project In Sonora Mexico
Silver Viper Hits 11.70 M @ 9.18 G/T Au And 352.0 G/T Ag Including 0.50 M @ 183.50
G/T Au And 6,850 G/T Ag While Infill Drilling At El Rubi And Expands The 5,000 M Drill
Program At La Virginia Project In Sonora Mexico
VANCOUVER, BC, March 23, 2026 /CNW/ - SilverViper Minerals Corp. (TSXV: VIPR) (OTCQB:
VIPRF) ("Silver Viper" or the "Company") is pleased to announce drill results from the previously
announced drill program (October 2, 2025 Press Release) and highlights two anomalous exploration
drill intercepts at El Molino, and numerous high grade intercepts from the infill drilling at the El Rubi
resource area at its resource-stage La Virginia Gold-Silver Project ("La Virginia" or the "Project") in
Sonora, Mexico. The drill program is being carried out by Globexplore Drilling Corp., one of the top
exploration and drilling analytics companies in Mexico.
Drilling since October 2025 has completed 7 exploration drill holes for a total of 1,026.4m along
structures surrounding El Molino to the east and south of El Rubi, and 11 infill drill holes representing
4,620.0m through the core of the previously released resource model (Press Release June 14, 2021) at
El Rubi. Results for a total of 5,646.4m of drilling are available so far with drilling ongoing at the site.
The originally announced 5,000m drill program is being expanded to facilitate further infill drilling at El
Rubi to convert "Inferred" classified resources to "Indicated" or better.
Drill highlights from assays received so far include:
From El Molino:
Drill Hole LV25-331 returned 3.5m of 1.25 g/t Au and 24.81 g/t Ag from 56.0m including 0.5m of 5.0 g/t
Au and 27.9 g/t Ag from 56.5m. This is a newly identified mineralized structure.
Drill hole LV25-336 returned 3.2m of 1.66 g/t Au and 4.27 g/t Ag from 28.6m, 150m north-northwest of
the structure hit by LV25-331. This is a newly identified mineralized structure.
From El Rubi:
Drill hole LV25-338 returned 1.0m of 8.92 g/t Au and 79.8 g/t Ag from 255m down hole: 7.1m of 1.57
g/t Au and 16.9 g/t Ag starting at 300m downhole which includes 1.7m of 4.26 g/t Au and 14.0 g/t Ag
starting from 304m downhole. These intervals are roughly in the central part of the planned pit at El
Rubi.
Drill hole LV25-339 returned 14.6m of 1.49 g/t Au and 66.7 g/t Ag from 116m downhole and includes
3.10m of 3.30 g/t Au and 198.5 g/t Ag from 116m, and 5.6m of 1.73 g/t Au and 42.1 g/t Ag from
123.0m; 17.3m of 2.00 g/t Au and 28.8 g/t Ag from 358.2m including 1.0m of 8.79 g/t Au and 58.5 g/t
Ag from 358.2m and 1.5m of 4.95 g/t Au and 64.9 g/t Ag from 365.5m and 2.5m of 4.34 g/t Au and
107.9 g/t Ag from 373m; 1.5m of 14.8 g/t Au and 52.3 g/t Ag from 402.5m including 0.5m of 43.3 g/t
Au and 147.0 g/t Ag from 403m.
Drill hole LV26-341 returned 7.0m of 1.07 g/t Au and 14.0 g/t Ag from 250.0m including 1.0m of 5.0
g/t Au and 20.0 g/t Ag from 255m.
Drill hole LV26-343 returned 2.2m of 4.5 g/t Au and 347.7 g/t Ag from 169.0m including 0.5m of 13.8
g/t Au and 1,205 g/t Ag from 170.2m; 5.0m of 1.26 g/t Au and 62.5 g/t Ag from 221.0m including 2.0m
of 1.87 g/t Au and 72.9 g/t Ag from 221.0m; 26.4m of 1.25 g/t Au and 72.2 g/t Ag from 242.6m including
1.2m of 3.84 g/t Au and 206.4 g/t Ag from 242.6m as well as 3.5m of 5.31 g/t Au and 319.7 g/t Ag
from 262.5m.
Drill hole LV26-344 returned 1.1m of 12.34 g/t Au and 604.5 g/t Ag from 150.95m; 3.0m of 3.66 g/t Au
and 18.25 g/t Ag from 258.0m including 2.0m of 6.46 g/t Au and 19.8 g/t Ag from 258.0m, also
including 0.5m of 16.1 g/t Au and 18.7 g/t Ag from 258.5m; 2.6m of 50.66 g/t Au and 158.1 g/t Ag from
278.5m including 0.6m of 208.0 g/t Au and 435.0 g/t Ag from280.5m; 5.0m of 1.49 g/t Au and 94.3 g/t
Ag from 296.5m including 2.0m of 2.73 g/t Au and 176.7 g/t Ag from 299.5m.
Drill hole LV26-345 returned 11.7m of 9.18 g/t Au and 352.0 g/t Ag from 236.5m including 4.2m of
24.79 g/t Au and 955.1 g/t Ag from 244.0m also including 1.5m of 65.87 g/t Au and 2,527.3 g/t Ag
from 244.7m also including 0.5m of 183.5 g/t Au and 6,850.0 g/t Ag from 244.7m.
Drill hole LV26-347 returned 13.5m of 2.79 g/t Au and 37.5 g/t Ag from 89.5m including 2.5m of 11.62
g/t Au and 52.8 g/t Ag from 90.5m; 10.5m of 2.11 g/t Au and 35.9 g/t Ag from 202.5m including
4.0mof 3.75 g/t Au and 15.0 g/t Ag from 204.0m and including 1.0mof 3.72 g/t Au and 178.0 g/t Ag
from 212.0m.
Silver Viper President and CEO Steve Cope comments: "We are thrilled to be back drilling La Virginia.
The results to date show why this property is one of our flagship assets and we look forward to
providing regular updates moving forward. Exploration work at El Molino has identified anomalous
structures and we look forward to expanding on the work in that zone. Resource drilling at El
Rubi has so far surpassed our expectations returning extremely high grade intervals of 14.2 g/t AuEQ
or 994.3 g/t AgEQ over 11.7m in hole LV26-345 including 0.5m of 281.4 g/t AuEQ or 19.7 kg
AgEQ.Hole LV26-344 also returned great values over 2.62m of 52.92 AuEQ or 3.7kg/t AgEQ which
includes 0.62m of 214.2 g/t AuEQ or 15.0kg/t AgEQ.These are some of the highest grade drill
intercepts encountered on the property to date. The overall program continues to position Silver
Viper well for both new discoveries and meaningful resource growth."
2025-2026 Drill Program Overview
The original 5,000m drill program started on October 1, 2025 with drill hole LV25-331 at the El Molino
zone to the east and south of the El Rubi resource area. The intent was to test geophysical and
structural targets to identify new mineralized zones outside of the resource presented at El Rubi. Two
of the total seven drill holes intersected anomalous zones coinciding with breccias or veins in drill holes
LV25-331 and LV25-336 returning assay results of 3.5m @ 1.25 g/t Au and 24.81 g/t Ag from 56.0m in
hole LV25-331 and 3.2m @ 1.66 g/t Au and 4.27 g/t Ag in hole LV25-336. Both of these holes are
145m apart and possibly represent different structures in the same mineralized corridor. The other
holes at El Molino were drilled north and south of these anomalous hits and did not intersect any
significant intervals.
Infill drilling of the 2021 resource model at El Rubi commenced on October 30, 2025 and is still in
progress. By the time the drill hole LV26-347 was completed on January 26, 2026, the planned 5,000m
had been exceeded but promising visual inspection of drill core and validation using a hand held XRF
analytical tool provided the motivation to keep the drill program going. At the end of drill hole LV26-348,
a total of 5,646.4m has been completed. Drilling is continuing as a result of the promising results to
date.
So far, results from 11 drill holes from El Rubi have been received with encouraging results from a
number of drill holes:
LV25-338: drilled as an infill hole 30m north of the historical hole LV21-289, roughly in the southern
third of the defined resource area, intersected mineralization hosted within a swarm of intrusive dikes
associated with hydrothermal breccias and quartz veining stockwork. Locally these structures exhibit
fine inclusions of acanthite (1%), sphalerite (1%), galena (1%) and chalcopyrite (1%) and pyrite (3%),
emplaced along this fault-controlled structural corridor, which appears to have acted as a pathway for
Au–Ag mineralizing.
LV25-339: located approximately 50m south of historical hole LV21-289 (and 80m south of hole LV25-
338), intersected mineralization hosted within a swarm of intrusive and silicified dikes emplaced along a
fault-controlled structural corridor represented by quartz stockwork and small low angle hydrothermal
breccias cemented by dark gray silica with fine disseminated sulfides including pyrite (2%) and
chalcopyrite (1%). The breccias also contain fault gouge material.
LV25-341: located approximately 30m south of historical drill hole LV21-289 and collared approximately
100m east of hole LV25-339 along the same cross section line, intersected mineralization hosted within
a swarm of intrusive dikes emplaced along a fault-controlled structural corridor represented by
stockworks of quartz veins, quartz stringers as well as breccias. The main mineralized structures along
the drill hole are small low angle hydrothermal breccia zones with disseminated sulfides including pyrite
(1%), chalcopyrite (1%), galena (1%) and argentite (1%).
LV26-343: was drilled at 070 degrees azimuth sub-parallel to historical drilling, intersected
mineralization in andesitic dikes and silicified agglomerates with strong presence of fresh sulfides
consisting of pyrite (1%), chalcopyrite (1%), galena (1%), sphalerite (1%) and traces of magnetite within
the Rubi West zone, a structurally controlled corridor located parallel to the main Rubi structure at
shallower levels.
LV26-344: located approximately 40m north of hole LV26-338, this hole intersected mineralization
within both the shallow Rubi West structure and the deeper Rubi structural corridor represented by
quartz veinlets and breccia zones with strong presence of disseminated sulfides including pyrite (1%),
chalcopyrite (1%), galena (1%) and argentite (1%). The hole also intersected a swarm of silicified
intrusive dikes with abundant sulfides comprising chalcopyrite (1%) and galena (1%), confirming the
structural and magmatic control of mineralization in this portion of the system.
LV26-345: intersected 11.7 m, of intense quartz stockwork and sulphide mineralization within the
deeper portion of the Rubi structural corridor in the center of the proposed pit area, where sulfide
mineralization occurs mainly as sphalerite (5%) and galena (5%) associated with quartz veins with
crustiform texture, pyrite and chalcopyrite patches (<1.0cm) and breccia zones cemented by gray color
quartz, containing sulfide clusters of pyrite, chalcopyrite and sphalerite. Reflected-light thin section
observations locally identified electrum grains greater than 100 µm, confirming the presence of native
Au–Ag mineralization.
LV26-347: drilled approximately 90m west of hole LV26-344 along the same section line, intersected
mineralization within both the shallow Rubi West structure and the deeper Rubi structural corridor,
represented by silicified andesite dikes and andesitic-magnetic dikes with good sulphide mineralization
consisting of pyrite (1%), sphalerite (1%), galena (1%) and chalcopyrite (1%).
Summary Drill Results Table:
Hole ID Location From
(m) To (m) Int
(m) 3
Au
ppm Ag ppm Au Eq
ppm 1
Ag Eq
ppm 2 Drill Hole Intercept Comments
LV25-331 El Molino
56.00 59.50 3.50 1.25 24.81 1.60 112.01
Main structure known as La
original, hydrothermal breccia
(central portion)
Incl: 56.50 57.00 0.50 5.00 27.90 5.40 377.90
LV25-336 El Molino 28.68 31.85 3.17 1.66 4.27 1.72 120.22
Main structure known as La
Original, hydrothermal breccia
(north extension)
LV25-338 EL Rubi 204.50 205.00 0.50 6.03 755.00 16.82 1,177.10
255.00 256.00 1.00 8.92 79.83 10.06 704.02 Infill drill hole, East/ parallel to the
historical drill LV21-289, located
central portion of the El Rubi
main pit design
300.00 307.10 7.10 1.57 16.94 1.81 127.05
Incl: 304.00 305.65 1.65 4.26 14.00 4.46 312.20
LV25-339 El Rubi
116.00 130.60 14.60 1.49 66.71 2.44 170.79
Infill drill hole, 50m
West/parallel to the historical drill
LV21-289, located central portion
of the El Rubi main pit design.
Incl: 116.00 119.10 3.10 3.30 198.48 6.14 429.68
Incl: 123.00 128.60 5.60 1.73 42.07 2.33 163.06
358.20 375.50 17.30 2.00 28.82 2.41 168.71
Incl: 358.20 359.20 1.00 8.79 58.50 9.62 673.70
Incl: 365.50 367.00 1.50 4.95 64.93 5.88 411.43
Incl: 373.00 375.50 2.50 4.34 107.89 5.88 411.48
402.50 404.00 1.50 14.83 52.43 15.58 1,090.85
Incl: 403.00 403.50 0.50 43.30 147.00 45.40 3,178.00
LV26-341 El Rubi
250.00 257.00 7.00 1.07 14.03 1.27 88.96 Infill drill hole, parallel and 90m
south to the historical drill LV21-
289, located western portion of
the El Rubi main pit design.
Incl: 255.00 256.00 1.00 5.00 20.00 5.29 370.00
LV26-343 El Rubi
169.00 171.20 2.20 4.50 347.70 9.47 662.91
Infill drill hole, located western
portion of the El Rubi main pit
design and azimuth of 70°
Incl: 170.20 170.70 0.50 13.80 1,205.00 31.01 2,171.00
221.00 226.00 5.00 1.26 62.51 2.15 150.80
Incl: 221.00 223.00 2.00 1.87 72.91 2.91 203.79
242.60 269.00 26.40 1.25 72.22 2.28 159.42
Incl: 242.60 243.80 1.20 3.84 206.35 6.79 474.98
Incl: 262.50 266.00 3.50 5.31 319.73 9.88 691.69
LV26-344 El Rubi
150.95 152.00 1.05 12.34 604.48 20.98 1,468.48
Infill drill hole, located central
portion of the El Rubi main pit
design
258.00 261.00 3.00 3.66 18.25 3.92 274.22
Incl: 258.00 260.00 2.00 6.46 19.80 6.74 471.77
ALSO
Incl: 258.50 259.00 0.50 16.10 18.70 16.37 1,145.70
278.50 281.12 2.62 50.66 158.09 52.92 3,704.31
Incl: 280.50 281.12 0.62 208.00 435.00 214.21 14,995.00
296.50 301.50 5.00 1.49 94.31 2.84 198.86
Incl: 299.50 301.50 2.00 2.73 176.70 5.25 367.45
LV26-345 El Rubi
236.50 248.20 11.70 9.18 352.00 14.20 994.26
Infill drill hole, located central
portion of the El Rubi main pit
design and 60m north of LV26-
344
Incl: 244.00 248.20 4.20 24.79 955.08 38.43 2,690.27
ALSO
Incl: 244.70 246.20 1.50 65.87 2,527.33 101.97 7,138.23
ALSO
Incl: 244.70 245.20 0.50 183.50 6,850.00 281.36 19,695.00
LV26-347 El Rubi
89.50 103.00 13.50 2.79 37.46 3.32 232.56
Infill drill hole, located western
portion of the El Rubi pit limit
Incl: 90.50 93.00 2.50 11.62 52.82 12.38 866.36
202.50 213.00 10.50 2.11 35.94 2.62 183.33
Incl: 204.00 208.00 4.00 3.75 15.02 3.97 277.59
Incl: 212.00 213.00 1.00 3.72 178.00 6.26 438.05
Notes:
1 Au Equivalent calculated using Ag:Au Ratio of 70:1 with the formula: =Au ppm + (Ag ppm / 70)
2 Ag Equivalent calculated using Ag:Au Ratio of 70:1 with the formula: =Ag ppm + (Au ppm * 70)
3 Drill Intervals are estimated to represent 70% to 90% of true widths.
No significant results were received for holes LV25-332 to LV25-335 and LV25-337 at El Molino, and
LV26-340, LV26-342, LV26-346, and LV26-348 at El Rubi.
About the La Virginia Project
The La Virginia Project is a large epithermal gold-silver system located in Sonora, Mexico. The Project
covers a series of mineralized structures extending across multiple kilometres of strike length, hosted
within volcanic sequences. High-grade mineralization is associated with quartz veining, brecciation, and
strong hydrothermal alteration.
Silver Viper has previously identified and drilled several zones at La Virginia, highlighted by its El Rubi
discovery, and delivered the Company's maiden mineral resource estimate. The Project remains open
for expansion, with El Rubi continuing to grow and high-priority untested targets such as El Molino
offering significant discovery potential.
About Silver Viper Minerals Corp.
Silver Viper Minerals Corp. (TSX-V: VIPR; OTCQB: VIPRF) is a Canadian-based junior mineral
exploration company focused on advancing precious-metals projects in Mexico. The Company's
portfolio includes the La Virginia Gold-Silver Project in Sonora, the Cimarron Gold-Copper Project in
Sinaloa, and the recently announced Coneto Silver-Gold Project acquisition (March 16, 2026 Press
Release), collectively representing a strong pipeline of district-scale exploration opportunities within
Mexico's prolific silver belt.
QA/QC
Analytical results of drill intercepts reported by Silver Viper reflect samples of halved HQ or NQ2
diameter diamond drill core submitted directly to Bureau Veritas and ALS Chemex located in
Hermosillo, Sonora, Mexico. Samples were crushed, split and pulverized as per Bureau Veritas method
PRP70-250 and ALS Chemex method PREP-31, then analyzed for gold by lead collection fire assay
fusion on a 30-gram split with AAS finish and Au-Gra21, and for a multi-element suite including silver
by multi-acid digestion with ICP-ES/MS finish (Lab code MA300 and ME-MS61). Samples triggering
precious metal over-limit thresholds of 10g/t Au or 200g/t Ag and 10000g/t Ag were re-tested by lead
collection fire assay fusion with gravimetric finish (method code FA530, Ag-OG62). Silver Viper
monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted
within the sample sequence at regular intervals. Silver Viper has submitted sample pulp duplicates to
ALS Labs in Hermosillo, Mexico for third party verification.
Silver Viper has possession of all current and historical diamond drill core and sample pulps as
generated on the property since 2010. The Company has conducted a review of the historical drilling
data by physical checks of existing drill pads and drill core and verified the tenor of mineralized
intervals by portable XRF on core and sample pulps.
Qualified Person
Gernot Wober, P.Geo., Technical Advisor to Silver Viper Minerals Corp., is the Qualified Person as
defined in National Instrument 43-101 and has reviewed and approved the technical information
contained in this release.
ON BEHALF OF THE BOARD OF DIRECTORS,
Adam Cegielski
Chairman
Steve Cope
President and CEO
For further information, please email [email protected] or visit our website
at www.silverviperminerals.com
Follow us on social media:
X: @SilverViperCorp
LinkedIn: @SilverViperMinerals
Facebook: @SilverViperCorp
YouTube: @SilverViperCorp
Instagram: @SilverViperCorp
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release may contain forward-looking statements, including statements with respect to the
Company's business plans, exploration activities, strategic objectives, and future growth initiatives.
These statements reflect management's current estimates, beliefs, intentions and expectations; they
are not guarantees of future performance. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Such factors include, among other
things: risks and uncertainties relating to exploration and development, the ability of the Company to
obtain additional financing, the need to comply with environmental and governmental regulations,
fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and
uncertainties, including those described in the Company's financial statements, management
discussion and analysis and/or annual information form available on www.sedarplus.com . The risk
factors identified in such documents are not intended to represent a complete list of factors that could
affect the Company. Actual results may differ materially from those currently anticipated in such
statements and the Company undertakes no obligation to update such statements, except as required
by law.
Schedule "A" – Tables and Figures:
Table 1: Drill Collar Locations
Hole_ID Easting (m) Northing (m) Elevation (m) Total_Depth (m) Azimuth Dip Core_Size Zone
LV25-331 710360 3301520 1684 190.10 90 -50 HQ El Molino
LV25-332 710345 3301560 1686 152.50 60 -50 HQ El Molino
LV25-333 710345 3301560 1686 100.65 80 -75 HQ El Molino
LV25-334 710345 3301560 1686 100.65 0 -90 HQ El Molino
LV25-335 710360 3301520 1684 106.20 130 -50 HQ El Molino
LV25-336 710294 3301644 1722 106.75 90 -50 HQ El Molino
LV25-337 709968 3301728 1664 269.50 50 -45 HQ El Molino
LV25-338 708160 3301970 1706 430.35 90 -45 HQ El Rubi
LV25-339 708100 3301920 1675 557.40 90 -45 HQ-NQ El Rubi
LV25-340 708060 3301970 1683 512.40 90 -45 HQ El Rubi
LV25-341 708222 3301920 1692 402.60 90 -45 HQ El Rubi
LV25-342 708050 3301920 1678 601.00 90 -45 HQ El Rubi
LV26-343 708160 3301970 1705 353.35 70 -45 HQ El Rubi
LV26-344 708156 3302017 1702 375.15 90 -45 HQ El Rubi
LV26-345 708150 3302055 1694 301.95 90 -50 HQ El Rubi
LV26-346 708150 3302100 1683 231.80 90 -45 HQ El Rubi
LV26-347 708086 3302022 1685 402.60 90 -45 HQ El Rubi
LV26-348 708690 3302200 1741 451.40 240 -60 HQ El Rubi
Figure above: Drilling at El Molino Zone
Figure Above: Drilling at El Rubi Zone