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Silver Viper Minerals Corp.
Summary
| Project: | La Virginia | |
|---|---|---|
| Deposit: | El Rubi | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 1/13/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-1-2020: Silver Viper Minerals Corp. announces an Exploration/Drilling Update report for its El Rubi deposit at the La Virginia project. Drilling results incl. 4.5m @ 13.39ppm Au, 446ppm Ag from 188.0m. Vancouver, BC. Silver Viper Minerals Corp. (the “C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dale Brittliffe (Not stated) | |
| ABSTRACT: | Vancouver, BC. Silver Viper Minerals Corp. (the “Company” or “Silver Viper”) (TSX-V: VIPR) is pleased to announce initial results from the first three drillholes of Phase II drilling at La Virginia Gold-Silver Exploration Project, Sonora state, Mexico. The current campaign began in late November 2019 and expands upon the Company’s initial test of the El Rubi target, a new gold-silver zone, first drilled by Silver Viper in late 2018. The El Rubi mineralized structure has now been intercepted along four sections for a total 160m of strike extent. The northerly trending target is open to the north, south and to depth. In addition to the El Rubi structure, results to date indicate the presence of additional mineralized footwall structures, in some cases indicating the presence of broader, lower-grade zones, stacked beneath the El Rubi high-grade mineralization. The current campaign was designed to total 5,000m of diamond drilling in approximately 20 holes. Silver Viper intends to expand the program should positive results continue to be realized. Mineralization at El Rubi is similar in character to other mineralized zones on the property such as La Virginia, Con Virginia and Las Huatas. Gold and silver mineralization is hosted in quartz veins, stockworks and breccias controlled along a north-northwest structural trend. The Phase I drilling at El Rubi comprised 5 drillholes on three 50m spaced sections, for a total strike-length of 100m. The first three holes of Phase II are reported herein and represent a single hole step-back on the northernmost Phase I section, (LV19- 209), and two holes (LV19-210 and LV19-211) drilled from a new section situated about 60m further north, bringing the current known length of the El Rubi mineralization to 160m. | |
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