Silver Viper Continues to Provide High Grade Results From El Rubi Drilling Best Results Include 1.0m Core Length Grading 453g/t Silver and 8.31g/t Gold from Hole LV20-224 and 0.5m Core Length Grading 40g/t Silver and 43.7g/t Gold from LV20-229
April 22nd, 2020 TSX.V: VIPR, OTC:VIPRF
NEWS RELEASE
Silver Viper Continues to Provide High Grade Results From El Rubi Drilling
Best Results Include 1.0m Core Length Grading 453g/t Silver and 8.31g/t Gold from Hole LV20-224 and
0.5m Core Length Grading 40g/t Silver and 43.7g/t Gold from LV20-229
▪ Drilling at the El Rubi Discovery Zone continues to expand the system
▪ High-grade results from a stringer zone 180m west of the main trend – hole LV20-224
▪ Two of three holes from reconnaissance drilling at Macho Libre returned mineralization
Vancouver, BC. Silver Viper Minerals Corp. (the “Company” or “Silver Viper”) (TSX-V: VIPR) is pleased to
provide results from seven new drill holes at La Virginia. Results detailed herein represent four holes
completed at El Rubi and three reconnaissance holes targeting a portion of the Macho Libre prospect. A
highlight interval of 1.0m grading 453g/t silver and 8.31g/t gold was returned from 108m down-hole in
LV20-224, roughly 180m west of the El Rubi main trend. This intercept may represent a stringer zone sub-
parallel the El Rubi main trend.
All field activities are currently paused and as such, results from two final drill holes, one drilled at El Rubi
and one testing the reconnaissance work at Macho Libre await sampling.
Phase II drilling advanced steadily from November 2019 and now totals 24 holes for a cumulative 6,955
metres. Drill equipment is being stored on site, awaiting a restart order.
Recent w ork at El Rubi has focused on a north -northwest trending mineralized zone composed of a
steeply-dipping, gold-silver bearing quartz stockwork/breccia zone , underlain by a series of additional
mineralized structures, currently interpreted as being parallel to the main zone. A second drill mobilized
to site in March has provided a very early test of a small portion on the first of three recently identified
targets, considered by Silver Viper as “High Priority”. The Company is currently processing all available
data to update models and interpretations in advance of restarting field operations.
Silver Viper’s President and CEO Steve Cope states, “The drilling results have been very encouraging, and
we eagerly await the opportunity to return to site to complete sampling of the two remaining drill holes
and resume our Phase II drill program. We are taking the opportunity afforded by this pause in work , to
focus on the interpretation of surface sampling results and diamond drilling results as well as geological
mapping data assembled to date.”
A tabulation of significant intercepts for drill holes LV20-224 through LV20-230 is provided below. A drill
plan showing the relative locations of the collars is accessible on the Silver Viper website.
EL RUBI DRILLING RESULTS
Hole ID From (m) To (m) Interval
(m)
Est. True
Width1
(m)
Ag (g/t) Au (g/t)
LV20-224 104.0 111.0 7.0 5.20 80 3.55
incl 108.0 109.0 1.0 0.74 453 8.31
incl 109.0 110.0 1.0 0.74 12 14.40
AND 175.5 177.0 1.5 1.11 21 0.56
LV20-226 171.0 174.0 3.0 2.22 13 0.17
AND 213.0 214.0 1.0 0.74 44 0.84
LV20-227 145.0 160.0 15.0 12.75 23 0.34
AND 169.0 170.5 1.5 1.28 176 1.76
AND 173.4 176.9 2.5 2.13 135 2.36
incl 175.4 175.9 0.5 0.43 575 8.80
LV20-229 160.5 167.5 7.0 4.55 22 0.30
AND 187.0 187.5 0.5 0.33 106 1.27
AND 244.0 245.5 1.5 0.98 4 0.39
AND 261.5 278.5 17.0 11.05 13 0.84
incl 274.5 275.5 1.0 0.65 12 10.90
AND 285.5 286.0 0.5 0.33 31 1.27
AND 287.0 290.0 3.0 1.95 65 2.47
incl 288.0 289.0 1.0 0.65 31 5.16
AND 293.0 294.5 1.5 0.98 31 16.80
incl 293.0 293.5 0.5 0.33 40 43.70
incl 294.0 294.5 0.5 0.33 31 6.12
AND 306.0 306.5 0.5 0.33 49 2.73
1 True widths are difficult to estimate at this early stage of exploration. The estimated true widths presented are based on cu rrent geological
interpretation of the mineralized zones, estimated true widths reported herein represent approximately 71% of the downhole interval. Presently
the mineralized structures are interpreted as being sub-vertical. This interpretation may be revised as additional data are generated.
Drill holes LV20-224 and LV20-226 (both holes oriented to azimuth 240, Dip -500) were collared west of
the main trend and targeted the up -dip projection of deeper intercepts previously encountered beyond
the main trend. Hole LV20-224 is located approximately 80m north of LV20 -226. Both holes intercepted
mineralization.
Holes LV20-227 (azimuth 240, Dip -500) and LV20-229 (azimuth 240, dip -650) tested the main Rubi zone
beneath previous drilling, with LV20-227 on the northernmost section to date, and LV20-229 located
100m south of that section.
MACHO LIBRE DRILLING RESULTS
Hole ID From (m) To (m) Interval
(m)
Est. True
Width1
(m)
Ag (g/t) Au (g/t)
LV20-225 203.0 205.0 2 1.60 12 0.30
LV20-228 40.5 42.0 1.5 1.13 4 0.28
LV20-230 No Significant Results
Macho Libre, lies 1.2km southwest of the southernmost El Rubi drilling. The three Macho Libre
reconnaissance holes represent a very limited test of that area. Holes LV20-225 (azimuth 060, dip -500)
and LV20-228 (azimuth 100, dip -500) were drilled from a single pad and targeted a mineralized structure
identified at surface. Hole LV20-225 intercepted an 8m wide zone of silicified breccia observed to contain
sulphide bearing quartz veinlets. The reported intercept in LV20-225 comes from a subsection of that
zone. Hole LV20-228 encountered a thin mineralized zone high in the hole but may not have been drilled
deep enough to intercept the same breccia as seen in LV20-225. There are plans to re-enter and finish this
hole when work resumes. Drill hole LV20-230 (Azimuth 060, dip -550) was collared 40m northwest of LV20-
225 and LV20-228 and returned no significant results. The Macho Libre Target is an elongate zone roughly
1.5km in length and Silver Viper considers the intercepts above to be sufficient evidence to warrant
further work along the largely untested Macho Libre trend.
About the Project
La Virginia is located 220km east-northeast of Hermosillo, Sonora. It is a large exploration area, 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.
At La Virginia, Silver Viper’s Phase I drilling comprised work over five target areas totaling 4,753m in 20
drill holes. Phase II drilling is currently paused at a meterage of 6,955m in 24 holes. Hermosillo-based drill
contractor Globexplore Drilling Corp. has provided the drilling services . Drilling by the Company to date
builds upon a sizeable database including 52,635m of drill core from 188 diamond drill holes , 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. A recently completed airborne
survey was flown by Geotech Ltd.
QA/QC
Analytical results of drilling intercepts reported by Silver Viper 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. Ongoing
verification of scientific and technical information is achieved by direct involvement in the exploration
work, requiring regular site visits by the Qualified Person.
About the Company
Silver Viper Minerals Corp., 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 acquired from
the most recent operator, Pan American Silver Corp. and has an option to acquire a 100% interest in the
Rubi-Esperanza group of claims internal to those concessions. Silver Viper is under management provided
by the Belcarra Group, 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, 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 fina ncing, 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 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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ADEQUACY OR ACCURACY OF THIS RELEASE.