News

Silver Viper Seeks to ID High-Grade Silver at La Virginia in Mexico

October 7, 2021 (Investorideas.com Newswire) Silver Viper aims to achieve this at La Virginia via a deep-penetrating geophysical survey of the El Rubi target.

image

The COVID-19 pandemic has made resources scarce, from ovens to computers to ketchup packets, as manufacturers struggle to meet demand with a dwindling workforce and stalling supply chains and shipping resources. Even the mining industry has felt the impacts of the pandemic, with many companies halting exploration and drilling projects.

In March 2020, Silver Viper Minerals Corp. (VIPR:TSX.V; VIPRF:OTCQB) underwent its own nine-week pause in operations at its La Virginia gold-silver project in Sonora, Mexico. Since the company reopened the exploration camp following the COVID-19 shutdown, it has been exploring and prospecting the El Rubi target and other potential surrounding targets there. Work has included drill testing and prospecting work, such as chip sampling and mapping, along the El Rubi and El Molino trends.

Now, preparations are being made for a deep-penetrating, TITAN-160 ground-based geophysical survey of El Rubi. Most recently, line cutting for the survey was done. The survey objective is to learn where the structural blocks of the mineralized system are to then design a drill program to test the deeper extensions of the mineralized shoots.

The TITAN-160 survey approach is ideal for this, as it collects DC resistivity and induced polarization data down to 750 meters (750m) from surface, and its magnetotelluric component does the same down to 1,500m.

The geophysical survey, to be carried out by Quantec Geoscience, is expected to start in a few weeks, according to a news release.

As for drilling at El Rubi, it has targeted progressively deeper intercepts. The deeper holes show continuations of mineralized structures that the rhyolitic tuff unit hosts. The unit is located below the main host rock.

Recent drilling primarily targeted the southern portion of the El Rubi trend where it projects toward the north to south-trending Macho Libre structure. Results from there showed silver and gold mineralization of high grade, silver up to 443 grams per tonne (443 g/t) and gold up to 10.5 g/t.

Silver Viper continues advancing other prospective areas of La Virginia, including the La Colmena zone, north of El Rubi, and a new prospect, Paredones, east of El Rubi. Currently, chip sampling and mapping are being done in those places.

The current La Virginia resource estimate, calculated earlier this year, consists of 154,000 ounces (154 Koz) of gold and 6,930,000 ounces (6.93 Moz) of silver in the Indicated category and 260 Koz of gold and 12.94 Moz of silver in the Inferred category.

Disclosures:

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Silver Viper Minerals Corp. Click here for important disclosures about sponsor fees. An affiliate of Streetwise Reports is conducting a digital media marketing campaign for this article on behalf of Silver Viper Minerals Corp. Please click here for more information.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver Viper Minerals Corp., a company mentioned in this article.

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Gold Mining Stocks - Gold Mining Stocks Directory, Gold Stocks News, Research and Resources

Gold-MiningStocks.com – investing ideas in gold and mining stocks

Like Gold Stocks? View our Gold / Mining Stocks Directory

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:News

News

Against Bond Market Odds

October 22, 2021 (Investorideas.com Newswire) Such was the S&P 500 correction, how did you like ...