Silver Viper Mobilizes for Drill Phase II at La Virginia
1 Gold and Silver Equivalent values were calculated using an Au:Ag ratio of 70:1, for example, Gold Equivalent = Au grade + (Ag grade / 70), Silver
Equivalent = Ag grade + (Au grade x 70).
November 4th, 2019
Silver Viper Mobilizes for Drill Phase II at La Virginia
Vancouver, BC. Silver Viper Minerals Corp. (the “Company” or “Silver Viper”) (TSX-V: VIPR) is pleased
to announce mobilization of an exploration crew to La Virginia. The Company plans to commence diamond
drilling over key target areas at the La Virginia Gold-Silver Project, located in the Sierra Madre of eastern
Sonora state, Mexico. The upcoming program is designed to build on the success of the Company’s
previous phase of work and will include drilling at the El Rubi Discovery, a previously undrilled gold-silver
bearing target tested for the first time ever by Silver Viper in 2018.
Silver Viper’s first phase drilling program in 2018 at La Virginia included five drillholes at El Rubi, returning
a best result of 13.3m core length (estimated true width 6.0m) averaging 3.16g/t gold and 228g/t silver
for a gold equivalent1 grade of 6.42g/t gold or silver equivalent1 grade of 449g/t silver (see news release
of Jan 14th, 2019). Drilling at El Rubi has encountered mineralization over 100m of strike length. Phase II
work is designed to test for the extension of this zone along trend and at depth. The program will provide
a systematic test of the structure on 50m sections. With this work, Silver Viper hopes to generate sufficient
data points to allow the calculation of a maiden resource estimate at El Rubi. I n addition to work at El
Rubi, the program will continue to probe prospective targets.
Access trail clearing is complete and c amp refurbishment is underway . The newly completed camp will
house the drilling crew and geological team for the duration of field operations. In addition to drill testing,
fieldwork designed to refine several new targets identified by Silver Viper during project -wide soil
sampling is also ongoin g. Project-scale surface exploration undertaken by Silver Viper has identified soil
anomalies which indicate the continuation of t he main trend to the north, and appear to define a
mineralized trend east of, and parallel to, that main trend.
Silver Viper’s President and CEO Steve Cope states, “Initiation of our second phase drilling is a priority and
we are extremely happy to announce that crews are onsite and preparing for the upcoming work. We are
especially excited to build upon the El Rubi discovery by stepping out along strike and down dip. Our
program will also include drill testing of anomalies generated by our exploration team in the hope of
making new discoveries on these previously unidentified and untested targets.”
Since acquiring the project, Silver Viper has completed diamond drilling on five target areas total ing
4,753m in 20 drill holes and completed regional exploration programs of stream sediment sampling ,
geological/prospecting traverses and soil sampling . The regional program to date has resulted in the
collection of over 1,600 soil samples and rock chip samples across the largely unexplored property. Drilling
by the Company to date builds upon a sizeable database including 52,635m of drill core from 188 diamond
drillholes generated by the efforts of previous operators between 2010 and 2013. Silver Viper is expanding
upon this work by continuing exploration northward into prospective untested ground.
About the Project
La Virginia is located 220km east -northeast of Hermosillo, Sonora. It is a large exploration property,
primarily prospective for fault -controlled, low -sulphidation epithermal precious metal mineralization.
The property and historical exploration database were acquired by way of option agreements made with
two distinct parties. Gold and silver mineralization at La Virginia occurs within breccias, veins and
stockworks hosted primarily by andesitic volcanics, often in close spatial association to or cross -cutting
pre-mineral dacite dykes and controlled by fractures and faults that define the regional structural trend.
Originally 37,700 hectares in size, Silver Viper’s reconnaissance program has identified key targets and
trends which are of primary interest. The Company has filed reductions of the large concessions to better
focus efforts on the high priority trends.
QA/QC
Analytical results herein represent samples of halved diamond drill core submitted by Silver Viper staff
directly to Bureau Veritas, Hermosillo, Sonora, Mexico. Samples were crushed, split and pulverized as per
Bureau Veritas method PRP70 -250, then analysed for gold by lead collection fire assay fusion on a 30g
split with AAS finish, and for a multi-element suite including silver by multi-acid digestion with ICP-ES/MS
finish. Samples triggering precious metal over-limit thresholds of 10g/t Au or 200g/t Ag were retested by
lead collection fire assay fusion with a gravimetric finish. Silver Viper monitors QA/QC using commercially
sourced standards and locally sourced blank materials inserted within the sample sequence at regular
intervals.
Dale Brittliffe, P.Geo., Vice President of Exploration is the ‘Qualified Person’ under National Instrument
43-101 and has approved the scientific and technical information contained in this news release.
About the Company
Silver Viper Minerals Inc is a Canadian -based junior mineral exploration company focused on precious
metals exploration in the northwestern Mexican state of Sonora. The Company currently operates the La
Virginia Gold -Silver Project. Silver Viper has 100% ownership of the La Virginia concessions recently
acquired from P an American Silver Corp. and has an option to acquire a 100% interest in the Rubi -
Esperanza group of claim s internal to those concessions. The property was most recently operated by
Pan American Silver. Silver Viper is under management provided by Belcarra Group Management Ltd. ,
which is comprised of highly qualified mining professionals.
On behalf of the board of directors,
Steve Cope
President and CEO
For Further Information please contact, please contact Silver Viper Minerals Corp. at (604) 687-8566,
email [email protected] or visit our website at www.silverviperminerals.com
Forward Looking Information
Information set forth in this press release contains forward-looking statements. These statements reflect
management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future
performance. The Company cautions that all forward -looking statements are inherently uncertain and
that actual performance may be affected by a number of material factors, many of which are beyond the
Company’s control. 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 t o
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 available on www.sedar.com. Accordingly, actual and future events,
conditions and results may differ materially from the estimates, beliefs, intentions and expectations
expressed or implied in the forward -looking information. Except as required under applicable securities
legislation, the Company undertakes no obligation to publicly update or revise forward -looking
information.
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DEFINED I N THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.