TSX.V: VIPR, OTC:VIPRF
VANCOUVER, BC, June 14, 2021 /CNW/ - 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 – Standards
of Disclosure for Mineral Projects ("NI 43-101") supporting the
maiden mineral resource estimate for its La Virginia Precious Metal
Project, previously reported in the Company's news release dated
May 3rd, 2021. The
Mineral Resource Estimate was prepared in accordance with the
guidelines of the Canadian Securities Administrators National
Instrument 43-101; and have been estimated in conformity with
generally accepted CIM "Estimation and Mineral Resource and Mineral
Reserve Best Practices" guidelines.
The full technical report dated May
30th, 2021, with an effective date of
May 1st, 2021 is entitled
"Technical Report for the La Virginia Precious Metal Project,
Sonora, Mexico". The report
was prepared for Silver Viper Minerals Corp by Arseneau Consulting
Services Inc. and can be found under the Company's issuer profile
at www.sedar.com.
About the Project
La Virginia is located 220 kilometres east-northeast of
Hermosillo, Sonora and is
prospective epithermal style precious metal mineralization.
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. Silver Viper's
reconnaissance program identified key targets and trends which are
of primary interest and subsequently filed strategic reductions in
claims to attain the current project surface area of 6,882
hectares.
At the completion of the 2020 phase of work at La Virginia,
Silver Viper had completed a total of 100 drill holes for a
combined meterage of 27,021 metres across the project. Exploration
drilling continues at La Virginia using a single diamond drill
supplied by Hermosillo-based drill
contractor, Globexplore Drilling Corp. Drilling by the
Company to date builds upon a sizeable database of recent
historical work including 52,635 metres 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 north and south into prospective untested
ground.
QA/QC
Analytical results of drilling intercepts reported by Silver
Viper represent samples of halved HQ or NQ2 diameter diamond drill
core submitted directly to Bureau Veritas, Hermosillo, Sonora, Mexico. Samples were
crushed, split and pulverized as per Bureau Veritas method
PRP70-250, then analyzed for gold by lead collection fire assay
fusion on a 30 gram 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 re-tested by lead collection fire assay
fusion with gravimetric finish (method code FA530. Silver
Viper monitors QA/QC using commercially sourced standards and
locally sourced blank materials inserted within the sample sequence
at regular intervals.
Silver Viper has possession of all current and historical
diamond drill core and sample pulps as generated on the property
since 2010. The Company has conducted a review of the
historical drilling data by physical checks of existing drill pads
and drill core and verified the tenor of mineralized intervals by
portable XRF on core and sample pulps. Silver Viper has
further confirmed the veracity of historical data by diamond
drilling of ten core holes at Las Huatas, Con Virginia, and the
northern extension of El Oriental target areas. This work confirms
the accuracy of location and ranges of mineralization as indicated
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 news release. Ongoing verification of scientific
and technical information is achieved by direct involvement in the
exploration work, the most recent site visit was conducted in
November 2020.
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.