Silver Viper Provides Drilling Results From La Virginia
Silver Viper Provides Drilling Results From La
Virginia
TSX.V: VIPR, OTC: VIPRF
Systematic Exploration Continues on Two Fronts at the La Virginia Project.
Drilling at the El Rubi Discovery Zone Continues to Expand the System
Exploration Drill now Mobilizing to Second Exploration Target,
Rubi East
VANCOUVER, BC
,
July 16, 2020
/CNW/ -
Silver Viper Minerals Corp.
(the "
Company
" or
"Silver Viper
")
(TSX-V: VIPR) is pleased to provide results from four new drill holes at La Virginia, two from the El Rubi
discovery area and two from the exploration prospect, Macho Libre. As systematic exploration continues
along trend at El Rubi, the initial test of Macho Libre is now complete with results from six holes still awaited.
The exploration drill is currently moving from Macho Libre to
Rubi East
prospect.
Drill hole results reported here form part of the ongoing drill campaign at La Virginia. Phase II of the campaign
had advanced steadily from
November 2019
up until a pause in late
March 2020
, by which time the Company
had completed 24 holes for a cumulative 6,955 metres. Work recommenced in June, under comprehensive
and strict new safety protocols and monitoring.
Recent work 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. The El Rubi zone has been intercepted
over
450m
along trend to date. A second drill mobilized to site in March has provided a very early test of the
first of three exploration targets, considered by Silver Viper as "High Priority." Initial drill testing of the first of
these targets is now complete, with a total of 11 holes for
2,516m
over a
1,000m
long portion of the Macho
Libre trend.
Silver Viper's President and CEO
Steve Cope
states, "
Work on site progresses steadily and systematically.
We explore with a section by section approach at El Rubi. Results of a newly generated airborne
geophysics survey are expected to assist in our definition of drill targets along the El Rubi trend. We are
pleased to have completed the initial test at the Macho Libre prospect and that the drill is now moving to
Rubi East
while we await the balance of Macho sample results."
Tabulations of significant intercepts for drill holes LV20-232 and LV20-234 (El Rubi) and LV20-
231M
and
LV20-
233M
(Macho Libre) are included below. A drill plan showing the relative locations of the collars is
accessible on the Silver Viper website.
SELECTED EL RUBI DRILLING RESULTS
Hole ID
From (m)
To (m)
Interval (m)
Est. True
Width
1
(m)
Ag (g/t)
Au (g/t)
LV20-232
213.0
220.5
7.5
4.50
32
0.54
LV20-234
116.0
122.0
6.0
4.26
11
2.05
incl
117.5
119.5
2.5
1.18
16
3.59
1
True widths are difficult to estimate at this early stage of exploration. The estimated true widths presented are based on current geological interpretation of the mineralized zones. Estimated
Widths reported from El Rubi are 60% and 71% of LV20-232 and LV20-234 respectively. Estimated true widths of Macho represent very early exploration results, intervals have been presented
using a 60% of drilled width. Presently the mineralized structures are interpreted as being sub-vertical. This interpretation may be revised as additional data are generated
Drill hole LV20-232 (Azimuth 240, Dip -65
0
) was drilled within the main El Rubi trend, and is accompanied by
several lower-grade stringer zones, not reported here as significant. Hole LV20-234 (Azimuth 240, Dip -50
0
)
which also encountered additional low-grade stringer zones, represents the northernmost drill hole at El Rubi
with assays to date.
SELECTED MACHO LIBRE DRILLING RESULTS
Hole ID
From (m)
To (m)
Interval (m)
Est. True
Width
1
(m)
Ag (g/t)
Au (g/t)
LV20-231M
176.9
196.5
19.6
11.76
24
0.63
incl
190.5
196.5
6.0
3.60
54
1.07
LV20-233M
165.0
166.5
1.5
0.90
26
1.41
Macho Libre, lies 1.2km southwest of the southernmost El Rubi drilling. The two Macho Libre reconnaissance
holes tabulated herein were both drilled from the same pad and are the southernmost test of the prospect.
Hole LV20-
231M
(Azimuth 090, Dip -50
0
) and LV20-
233M
(Azimuth 090, Dip -60
0
) intercepted the projection
of the target structure, with significant width reported in the case of LV20-231. The holes targeted a
mineralized structure identified at surface. Mineralization is related to silicified and oxidized breccia hosting fine
quartz veining. Sample results related to six drill holes have yet to be returned from the laboratory.
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 was paused in March of 2020 at a meterage of
6,955m
in 24 holes. Work
recommenced in mid-June and is expected to continue for the coming months. 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.
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
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 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.
NEITHER THE 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.
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SOURCE
Silver Viper Minerals Corp.
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For further information:
please contact Silver Viper Minerals Corp. at (604) 687-8566, email
[email protected] or visit our website at www.silverviperminerals.com
CO: Silver Viper Minerals Corp.
CNW 10:16e 16-JUL-20