Silver Viper Releases Historical Unreported Drilling Highlights From La Virginia Gold-Silver Project, Sonora, Mexico.
January 10, 2019
Silver Viper Releases Historical Unreported Drilling Highlights From La Virginia Gold-Silver Project,
Sonora, Mexico.
Vancouver, BC. Silver Viper Minerals Corp. (the “Company” or “Silver Viper”) (TSX-V: VIPR) is pleased
to provide a tabulation of significant intercepts contained within a historical database from exploration
on La Virginia. In December 2018, Silver Viper signed a Definitive Agreement with Pan American Silver
Corp (PAAS) (TSX:PAAS) on the La Virginia group of claims ( see news release dated December 17, 2018).
Upon signing the agreement, Silver Viper assumed ownership of three prospective mineral concessions
(La Virginia claims) and acquired a significant project exploration database previously generated by PAAS
and its subsidiaries. Highlights from the database not previously reported follow in the table below.
Silver Viper took the data into account when planning its 2018 program, which achieved 4,753 metres in
20 diamond drill holes and tested five prospect areas. Limited confirmation drilling was completed at the
Las Huatas and Con Virginia prospects. These holes were drilled to test gaps in the known data. Previously
undrilled prospects Huarache, La Gloria and El Rubi were also tested in 20 18. To date, the Company has
released results for the confirmation drilling at Las Huatas . Subsequent results and a discussion of the
2018 program and plans for 2019 are scheduled for release in the near future.
Drilling data contained within the package was collected originally by Minefinders Corporation Ltd
(Minefinders) on the Rubi-Esperanza claims internal to PAAS mineral concessions. That company regularly
disclosed exploration results and progress reports up to and including hole LV11-050 (Minefinders news
release October 17, 2011). Following the announcement of a takeover bid by PAAS, public disclosure of
the La Virginia program ceased, while exploration activities continued, operated first by Minefinders, then
by PAAS until work paused in mid-2013.
The Rubi-Esperanza group totals 2,102 hectares in three claims and is currently under option by Silver
Viper (see news release dated June 25th, 2018). The Rubi-Esperanza group and three claims acquired by
way of the recent PAAS agreement, are collectively referred to as the La Virginia Gold-Silver Project.
The historical exploration database includes drilling data from 52,635 metres in 188 diamond drill holes
completed between 2010 and 2013 . Also c ontained within the database are 22,553 individual multi-
element analyses and fire assay results , supported by QA/QC, consisting of regularly inserted standards
and blanks. To date, results from 138 drill holes had yet to be publicly disclosed. The results, now part of
the accumulated La Virginia dataset , may be considered material to Silver Viper’s exploration effort. A
tabulation of significant intercepts has been presented below.
Historical drill core, laboratory sample rejects and pulps are securely s tored by PAAS in Hermosillo and
several visits to this facility were made by Silver Viper staff during 2018. Numerous drill holes were
reviewed as Silver Viper staff familiarized themselves with the database and historical logging. A series of
random drill holes were subject to check analyses using an in-house portable XRF unit to the satisfaction
of the Company. Silver Viper considers the data reliable and of a suitable standard to provide direction
for ongoing exploration activities and as a guide to expected tenor and length of intercepts at this project.
The Company recognizes the need for a comprehensive QA/QC program including analysis of sample pulps
and quartering of core , as necessary to ensure a level of confidence for use in any future resource
calculations.
Results detailed below are presented by prospect and represent intervals from 3.0 km along strike along
the main trend. For a map showing the relative locations of each prospect, see the Silver Viper website,
https://silverviperminerals.com/projects/la-virginia/.
Significant Intercept tables generated from historical database – Hole 50 onward
LAS HUATAS
Hole From (m) To (m) Interval
(m)* Au_g/t Ag_g/t AuEquiv 70
to1+
LV11-050C 243.3 261.3 18 2.81 187 5.49
INCL 243.3 244.8 1.5 3.50 399 9.20
INCL 252.3 253.8 1.5 21.58 1173 38.33
LV11-053C 255 255.6 0.6 11.54 1156 28.05
LV11-053C 262 274 12 1.26 109 2.82
INCL 272.5 274 1.5 6.52 625 15.45
AND 318 321 3 0.12 134 2.03
LV11-056C 259 260 1 2.55 185 5.19
LV11-056C 264.2 272.7 8.5 1.38 105 2.88
INC 265 268.95 3.95 2.07 158 4.32
AND 291.4 292.25 0.85 3.12 168 5.52
LV11-057C 241.7 242.85 1.15 9.67 658 19.08
AND 335.85 336.85 1 5.05 282 9.08
LV11-058C 319 336.5 17.5 0.72 35 1.22
AND 324.5 325.5 1 2.51 136 4.45
LV11-059C 315.3 318 2.7 3.93 259 7.63
INCL 315.3 315.8 0.5 9.34 612 18.08
INCL 317 318 1 5.73 380 11.16
AND 347.7 348.3 0.6 3.85 189 6.55
LV11-060C 273.75 294.2 20.45 1.04 69 2.03
INCL 281.5 282.75 1.25 2.38 133 4.28
AND 285.5 286.5 1 2.90 188 5.59
LV11-063C 123 123.95 0.95 1.52 22 1.82
LV11-063C 155.2 157 1.8 0.05 768 11.03
LV11-064C 114.5 116 1.5 1.53 29 1.93
LV11-069C 126.85 128.5 1.65 0.81 20 1.09
LV12-079C 359.8 365.5 5.7 0.69 31 1.14
LV12-082C 131.6 132.5 0.9 54.79 43 55.41
LV12-085C 144.45 145.45 1 2.20 26 2.58
LV12-085C 155 162 7 1.37 65 2.29
LV12-088C 190.35 194.5 4.15 1.31 69 2.29
LV12-090C 266.45 274 7.55 1.56 88 2.82
INCL 272 273 1 3.85 265 7.64
LV12-098C 400.7 404.7 4 2.97 18 3.23
LV12-101C 467.5 469 1.5 2.12 167 4.50
LV12-103C 181 182.5 1.5 4.92 421 10.94
LV12-103C 343.25 349.5 6.25 0.66 25 1.02
LV12-134C 132.2 137.9 5.7 0.95 69 1.94
INCL 134.7 135.7 1 2.68 181 5.25
LV12-135C 193.6 194.55 0.95 2.37 127 4.18
LV12-136C 268.2 270 1.8 11.67 34 12.16
AND 286.2 287.15 0.95 8.28 198 11.11
INCL 286.2 286.6 0.4 15.71 428 21.82
LV12-160C 330.7 331.9 1.2 3.42 12 3.59
LV12-163C 336 348.9 12.9 2.44 122 4.19
INCL 347.1 348.1 1 21.58 938 34.98
* True widths are not stated, estimated to average 75-80% of drill interval length
+ Gold equivalents calculated using a long term silver to gold ratio of 70:1 using the formula (Au grade) + (Ag grade/70)
LA VIRGINIA
Hole From (m) To (m) Interval
(m)* Au_g/t Ag_g/t AuEquiv 70
to1
LV12-078C 245 246 1 3.27 196 6.07
LV12-078C 256.5 257.5 1 1.62 28 2.01
LV12-086C 217.5 235.5 18 2.59 119 4.29
INCL 228.9 230.6 1.7 18.27 794 29.61
LV12-091C 59.8 60.8 1 1.39 1 1.40
LV12-097C 195 203.5 8.5 0.87 36 1.39
INCL 197 198 1 1.50 80 2.64
LV12-099C 192.5 194 1.5 1.74 90 3.02
LV12-102C 200.6 202.6 2 2.70 5 2.77
LV12-111C 203.5 206 2.5 1.19 37 1.72
LV12-114C 191.2 192 0.8 0.01 300 4.30
LV12-120C 203 222 19 0.65 29 1.06
INCL 217 217.9 0.9 1.92 146 4.01
* True widths are not stated, estimated to average 75-80% of drill interval length
+ Gold equivalents calculated using a long term silver to gold ratio of 70:1 using the formula (Au grade) + (Ag grade/70)
CON VIRGINIA
Hole From (m) To (m) Interval
(m)* Au_g/t Ag_g/t AuEquiv 70
to1
LV12-155C 182.35 188.1 5.75 2.35 153 4.54
LV12-166C 201.3 202.65 1.35 0.75 57 1.56
AND 91 91.45 0.45 4.09 533 11.71
LV12-168C 135.65 147.35 11.7 0.62 77 1.72
AND 150.8 168.2 17.4 0.87 81 2.03
LV12-170C 209.35 212.55 3.2 1.21 133 3.11
AND 215 216.1 1.1 0.70 104 2.19
LV12-171C 153.6 155 1.4 0.54 83 1.72
LV12-171C 223.5 237.6 14.1 0.35 47 1.03
INCL 234.85 235.85 1 2.26 237 5.64
LV12-173C 11.9 13.95 2.05 6.73 976 20.67
LV12-173C 151.95 152.95 1 0.52 67 1.47
LV12-174C 14.55 15.75 1.2 7.78 1055 22.86
* True widths are not stated, estimated to average 75-80% of drill interval length
+ Gold equivalents calculated using a long term silver to gold ratio of 70:1 using the formula (Au grade) + (Ag grade/70)
EL ORIENTAL
Hole From (m) To (m) Interval
(m)* Au_g/t Ag_g/t AuEquiv 70
to1
LV12-092C 195 197 2 2.47 19 2.73
LV12-094C 268 273 5 2.40 60 3.25
LV12-105C 137.5 141.3 3.8 11.99 77 13.09
INCL 138.5 139.8 1.3 34.15 199 36.98
LV12-109C 240 243 3 1.18 29 1.60
LV12-153C 468.9 471 2.1 1.19 89 2.45
AND 458.55 459.65 1.1 1.98 21 2.28
LV12-156C 36.6 37.7 1.1 1.97 37 2.50
* True widths are not stated, estimated to average 75-80% of drill interval length
+ Gold equivalents calculated using a long term silver to gold ratio of 70:1 using the formula (Au grade) + (Ag grade/70)
LA CASCADA
Hole From
(m) To (m) Interval
(m)* Au_g/t Ag_g/t AuEquiv 70
to1
LV12-150C 82.15 83.45 1.3 20.92 37 21.46
* True widths are not stated, estimated to average 75-80% of drill interval length
+ Gold equivalents calculated using a long term silver to gold ratio of 70:1 using the formula (Au grade) + (Ag grade/70)
HUATAS SUR
Hole From (m) To (m) Interval
(m)* Au_g/t Ag_g/t AuEquiv 70
to1
LV12-110C 76.6 79.4 2.8 1.05 81 2.21
LV12-118C 97 98.95 1.95 1.31 29 1.72
INCL 98 98.95 0.95 2.25 44 2.88
LV12-124C 137.75 141.5 3.75 9.32 144 11.38
INCL 137.75 139.3 1.55 19.97 254 23.59
* True widths are not stated, estimated to average 75-80% of drill interval length
+ Gold equivalents calculated using a long term silver to gold ratio of 70:1 using the formula (Au grade) + (Ag grade/70)
LA COLONIA
Hole From (m) To (m) Interval
(m)* Au_g/t Ag_g/t AuEquiv 70 to1
LV12-137C 105.25 106.1 0.85 3.04 23 3.37
* True widths are not stated, estimated to average 75-80% of drill interval length
+ Gold equivalents calculated using a long term silver to gold ratio of 70:1 using the formula (Au grade) + (Ag grade/70)
Silver Viper’s President and CEO Ste phen Cope states , “We are happy to finally share with the market
some of the historic assays that attracted our interest to this project. These results come from a small
portion of the La Virginia land package. While these occurrences are very interesting by themselves, we
look toward making new discoveries on the untested targets to unlock the true potential of this project.”
Dale Brittliffe, P.Geo., Vice President of Exploration is a ‘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 northwestern Mexican state of Sonora. The Company currently operates the La
Virginia Gold -Silver Project. Silver Viper is entitled to 100% ownership of the La Virginia concessions
recently acquired from PAAS and has an option to acquire a 100% interest in the Rubi-Esperanza group of
claims internal to those concessions. The property was most recently operated by PAAS and is an early
stage exploration property , targeting a series of laterally extensive intrusive d ykes and breccia zones ,
hosting low -sulphidation epithermal gold -silver mineralization. Silver Viper is under management
provided by Belcarra Group Management Ltd. which is composed 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 to
comply with environmental and governmental regulations; fluctuations in the p rices 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 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.