Silver Viper Announces Filing of Technical Report NI43-101 for Previously Announced La Virginia Project Maiden Resource



TSX.V: VIPR, OTC: VIPRF

VANCOUVER, BC, June 14, 2021 / PRNewswire / – Silver Viper Minerals Corp. (the “Company” or “Silver Viper“) (TSXV: VIPR) is pleased to announce that the Company has filed on SEDAR an independent technical report (the” Report “) prepared in accordance with National Instrument 43-101 – Disclosure Standards for Mining Projects (” NI 43-101 “) in support of the first mineral resource estimate for its La Virginia Precious Metals Project, previously announced in the Company’s press release dated May 3rd, 2021. The mineral resource estimate has been prepared in accordance with the guidelines of National Instrument 43-101 of the Canadian Securities Administrators; and were estimated in accordance with the generally accepted guidelines of the ICM “Estimation and Mineral Resource and Mineral Reserve Best Practices”.

The full dated technical report May 30e, 2021, with an effective date of May 1, 2021 is titled “Technical Report for the La Virginia Precious Metals Project, Sonora, MexicoThe report was prepared for Silver Viper Minerals Corp by Arseneau Consulting Services Inc. and can be viewed under the Company’s issuer profile at www.sedar.com.

About the project

Virginia is located 220 kilometers east-northeast of Hermosillo, Sonora and is a potential epithermal style precious metal mineralization. Gold and silver mineralization at La Virginia occurs in breccias, veins and stockworks, hosted primarily by andesitic volcanics, often in close spatial association with, or intersecting pre-mineral dacite dykes and controlled by fractures and faults that define the regional structural trend. The Silver Viper Reconnaissance Program identified key targets and trends of primary interest and subsequently filed strategic claim reductions to achieve the current project area of ​​6,882 hectares.

By the end of the 2020 phase of work at La Virginia, Silver Viper had completed a total of 100 drill holes for a combined footage of 27,021 meters through the project. Exploration drilling continues at La Virginia using a single diamond drill rig supplied by Hermosillobased drilling contractor, Globexplore Drilling Corp. The company’s drilling to date draws on a large database of recent historical work, including 52,635 meters of drill core from 188 diamond drill holes, generated by the efforts of previous operators between 2010 and 2013. expands its work by continuing exploration north and south in promising untested lands.

QA / QC

The drill intersection analytical results reported by Silver Viper represent HQ or NQ2 diameter diamond drill core halves samples submitted directly to Bureau Veritas, Hermosillo, Sonora, Mexico. The samples were crushed, divided and pulverized according to the Bureau Veritas PRP70-250 method, then analyzed for gold by fusion of pyrotechnic tests of collection of lead on a division of 30 grams with AAS finish, and for a multi-suite. elements comprising silver by multi-acid digestion with ICP-ES / MS Finish. Samples triggering precious metal exceedance thresholds of 10 g / t Au or 200 g / t Ag were retested by fusion of lead collection pyrotechnics with gravimetric finish (method code FA530. Silver Viper monitors QA / QC using commercially sourced standards and locally sourced blank materials inserted into the sample sequence at regular intervals.

Silver Viper owns all current and historical diamond drill core and pulp samples generated on the property since 2010. The Company has performed a review of historical drill data through physical checks of existing drill rigs and core samples. drill and checked the grade intervals by portable XRF on core and pulp samples. Silver Viper further confirmed the veracity of the historical data through the diamond drilling of ten core holes at Las Huatas, Con Virginia, and the northern extension of the El Oriental target areas. This work confirms the accuracy of the location and ranges of mineralization as reported by the 2010-2013 database.

Dale Brittliffe, P.Geo., Vice President of Exploration, is the “Qualified Person” under National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this press release. Continuous verification of scientific and technical information is carried out through direct involvement in exploration work, the most recent site visit was carried out in november 2020.

About the company

Silver Viper Minerals Corp. is a Canadian-based junior mining exploration company focused on exploration for precious metals in the northwestern Mexican state of Sonora. The Company is currently operating the La Virginia gold and silver project. Silver Viper owns 100% 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 group of Rubi-Esperanza claims internal to these. concessions. Silver Viper is managed by the Belcarra Group, which is made up of highly qualified mining professionals.

On behalf of the Board of Directors,

Steve Cope
President and CEO

Forward-looking information

The information contained in this press release contains forward-looking statements. These statements reflect the current estimates, beliefs, intentions and expectations of management; 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 important factors, many of which are beyond the control of the Company. These factors include, among others: the risks and uncertainties associated with exploration and development, the Company’s ability to obtain additional financing, the need to comply with environmental and government regulations, fluctuations in commodity prices, operational hazards and risks, competition and other risks and uncertainties, including those described in the Company’s financial statements available on www.sedar.com. Therefore, 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. Unless required by applicable securities legislation, the Company assumes no obligation to publicly update or revise forward-looking information.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICES PROVIDER (AS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION.

SOURCE Silver Viper Minerals Corp.

Related links

https://www.silverviperminerals.com/



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