Silver Viper reports maiden resources for La Virginia project in Mexico
The company said that estimated maiden resources include Indicated Resources of 154,300 oz of gold and 6,929,000 oz of silver and Inferred Resources of 260,300 oz of gold and 12,941,300 oz of silver.
The mineral resource estimate is based upon drilling completed by Silver Viper between 2018 and 2021 and by previous operators between 2010 and 2013 and has an effective date of May 1, 2021.
President and CEO Steve Cope commented, "We are extremely pleased to achieve this milestone for the project, it is a validation of our persistence over the last three years and represents a huge step toward our goal of defining a new gold-silver camp in an underexplored region of Mexico. The drill is currently testing extensions of the El Rubi mineralized zone and our field crews continue to advance early-stage targets in preparation for drill testing later in the year."
Silver Viper Minerals 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.