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Silver Viper Minerals

TSXV:VIPRLive AI agent

Silver Viper Minerals operates three key assets: the La Virginia Gold-Silver Project in Sonora, the Cimarron Gold-Copper Project in Sinaloa, and the Coneto Gold-Silver Project in Durango.

Investor website: https://silverviperminerals.com/

About

Silver Viper Minerals operates three key assets: the La Virginia Gold-Silver Project in Sonora, the Cimarron Gold-Copper Project in Sinaloa, and the Coneto Gold-Silver Project in Durango. The La Virginia project is focused on epithermal-style mineralization, while Cimarron adds a gold-copper porphyry system to the portfolio. The Coneto project, located in a prolific silver trend, has a current inferred resource of 286,000 ounces of gold and 19.1 million ounces of silver. The management team has a successful track record in advancing mineral discoveries in Mexico.

Verified company data

Cash position
$4,000,000
Shares outstanding
194,771,623
Fully diluted shares
194771623
Mineral resource
The project hosts low-sulphidation epithermal-style gold-silver in quartz stockworks, veins and hydrothermal breccias controlled by the regional north-northwest trend. Mineralization is hosted by intermediate volcanics, and pre-mineral, dacite-rhyodacite dykes emplaced along fractures aligned to the regional trend. The structures are laterally extensive and often conspicuous due to the erosion-resistant nature of the coincident dykes. Work to date has identified anomalous gold and silver mineralization over many kilometres. Historical underground workings indicate that mineralized zones within dilationary jogs or bends along the target structures can achieve true widths of up to 20m.
Projects
["**La Virginia** \nSonora, Mexico Gold–Silver\n\nThe project hosts low-sulphidation epithermal-style gold-silver in quartz stockworks, veins and hydrothermal breccias controlled by the regional north-northwest trend. Mineralization is hosted by intermediate volcanics, and pre-mineral, dacite-rhyodacite dykes emplaced along fractures aligned to the regional trend. The structures are laterally extensive and often conspicuous due to the erosion-resistant nature of the coincident dykes. Work to date has identified anomalous gold and silver mineralization over many kilometres. Historical underground workings indicate that mineralized zones within dilationary jogs or bends along the target structures can achieve true widths of up to 20m. Silver Viper Minerals’ property originally comprised 35,598 hectares in six mineral concessions collectively referred to as La Virginia Gold-Silver Project. The claims were acquired in two phases from June 2018, the first being a 2102-hectare group of three claims known as Rubi-Esperanza, recently acquired 100% by Silver Viper Minerals. The second group was acquired in December 2018 and is a large group of three concessions also now owned 100% by Silver Viper. The Company completed a project-wide reconnaissance campaign and has filed paperwork which will reduce the area of the large claims, significantly reducing the claim maintenance costs, allowing the company to focus on exploration of the recognized mineralized trend. The project is remote, and a field camp is in place on the property. Exploration work began with a regional targeting and reconnaissance survey and progressed to drill testing in September 2018. Recent exploration work has included two phases of diamond drill testing. Phase I drilling, designed as a first pass test along known mineralized trends and potential parallel structures, was completed in December 2018 and totaled 20 holes for 4,753 metres. Phase II focused on target areas north of the historical exploration areas, notably the El Rubi discovery area, and added 20 more holes for 6,955metres. Total meterage completed by Silver Viper at the pause in drilling totals 11,708 metres in 40 holes. Silver Viper, in close conjunction with its drilling contractor have re-opened the exploration camp, which operates under new safety protocols observed by certified personnel. June 2020 saw recommencement of drilling at El Rubi, and the upcoming work will include continued drill testing of that structure, as well as additional prospective targets in the surrounding area.","**Cimarron** \nSinaloa, Mexico Gold-Copper\n\nThe Cimarron Project is a highly prospective gold asset located in the heart of Mexico’s prolific Porphyry Copper-Gold Belt, in the mining-friendly state of Sinaloa. With robust infrastructure, historical drilling, and multiple gold-bearing zones, Cimarron presents an exciting opportunity to develop what could be the next economic Moz-scale gold deposit in the region. \n\n**Project Highlights**\n\n**Strategic Location:**\nSituated just 44 km from Mazatlán, a major city with an international airport and deep-sea port, Cimarron offers year-round access and logistical advantages.\n\n**Proven Mining District:**\nLocated in the Rosario region, one of Sinaloa’s most established gold-silver producing districts.\n\n**Flagship Target – Calerita Zone:**\nHosts a gold porphyry deposit with a NI 43-101 Inferred Mineral Resource of 3.7 million tonnes grading 0.65 g/t Au, totaling approximately 77,000 ounces of gold (Snowden, 2012).\n\n**Extensive Exploration Database:**\nOver 13,246 metres of drilling completed across 106 drill holes (diamond and reverse circulation).\n\n**Favorable Infrastructure:**\nThe project is located near a paved road, power lines, and within proximity to the mining town of Rosario, enabling efficient exploration and development.\n\n**Multiple High-Grade Gold Zones:**\nIn addition to Calerita, Cimarron includes several other gold-bearing targets, including high-sulfidation epithermal systems and lithocap-style mineralization.\n\n**Regional Analogues:**\nGeological characteristics are comparable to world-class gold porphyry systems such as the Maricunga District in Chile, known for multi-million ounce deposits.","**Coneto** \nDurango, Mexico Gold-Silver\n\nOur Coneto Silver-Gold Project – pending close – is located in the Mesa Central, on the eastern flank of the Sierra Madre Occidental Mountains. It is situated in the region around the village of Coneto de Comonfort, 100 km north of Durango City, in Durango, Mexico. Coneto de Comonfort is a historic mining town and has a municipal population of approx. 4,000 people, which provides a good source of local labour and services. Also, the local infrastructure is excellent:\n• On the national electric power grid\n• Paved road leads to center of project\n• Many additional gravel access roads\n• 35 km east – nearest major highway\n\nSilver Viper Minerals has 100% ownership of 4995 hectares of mineral concessions at Coneto.\n\nThe historic Coneto Mining District is situated in the heart of the “Mexican Silver Trend” which stretches from Guanajuato in the southeast, through to the states of Zacatecas and Durango. The trend hosts some of the world’s largest silver deposits, including:\n- Fresnillo – largest primary Ag-Au mine in the world & past billion oz Ag producer.\n- Guanajuato – past billion ounces Ag producer with 3 currently producing mines.\n- La Colorada – current producing mine of Pan American Silver.\n- La Pitarrilla – major development project of SSM Mining (formerly known as Silver Standard)\n- La Preciosa – major development project of Coeur Mining Inc. (previously owned by Orko Silver Corp.).\n- Real de Angeles – past AG-Zn-Pb producer in Zacatecas State.\n- Zacatecas – past 750 million ounce Ag producer, with Capstone’s Cozamin mine in production.\n\nThe Coneto Project was previously advanced under a joint venture between Orex Minerals Inc. and Fresnillo Plc, with both companies contributing their adjacent mineral concessions and exploration expertise. Fresnillo completed its earn-in by funding US$6 million in exploration expenditures, achieving a 55% ownership interest prior to the consolidation of the property. Following Silver Viper’s acquisition of 100% of the project from Orex and Fresnillo, the Company now controls the entire Coneto Mining District land package. This consolidation positions Silver Viper to advance exploration and unlock the district-scale potential of one of Mexico’s most promising underexplored silver-gold systems.\n\nWith a history of more than 400 years, Coneto has been a mining camp since the days of the Conquistadores. Over 40 veins of silver & gold have been documented in the Coneto mining camp, some over 20 m wide and extending more than a km in length. Very little diamond drilling had occurred on the property. However, drilling records from the 1970s yielded grades of 2.35 g/t Au and 224 g/t Ag for a silver equivalent of 365 g/t over 3.15 m in Loma Verde, part of the western vein system. The central vein system was also mined in the 1970s by private companies. Mining on several veins has only gone as far down as the water table, yet the veins continue below that level.\n\nSilver-equivalent determined as silver grade plus 60 times gold grade, the 10-year average metal price ratio on the London Metal Exchange. This also assumes 100% recovery, and does not include a contribution from base metals, nor fluorite.\n\n**Sub-Districts**\n**Central**\nThe central vein system was mined most recently by private companies for silver & gold in the 1970s, but closed in the early 1980s due to a drop in silver prices. The Palma and the Sauce veins were mined down to the water table.\n\n**South-Eastern**\nThe southeastern vein system had been mined to extract ‘fluorite’ from the Durazno and Impulsora veins. In places, the vein is 20 m thick. These operations mark a high level in the epithermal vein system. The southeastern vein system shows an increase in sulphides & precious metals with depth. Also in the southeastern zone is the broad Promontorio, a gold-rich stockwork system.\n\n**Western**\nThe western vein system was drilled with one hole in the late 1970s, in the Loma Verde vein. Gold & silver results were strong and while a follow-up program was planned, it was never executed. Since then, 20 holes have been drilled in Loma Verde in Phases I to IV.\n\n**Northern**\nAdditional vein systems are located in target areas to the North including La Bufa, Santo Nino, El Reliz, Rosario, and El Rey.\n\nThe area exhibits an extensive system of hydrothermal alteration indicative of the presence of mineralization. Low to intermediate-sulphidation epithermal silver-gold quartz veins are in a window of Tertiary age lower volcanic group andesites, the same rock formation which hosts other similar silver-gold deposits. The mineral zonation shows that Coneto is high in the epithermal system and that the system is preserved. In this type of deposit, the top is fluorite rich, zoning to precious metals followed by base metals. Similar deposits in Mexico have mineralized vertical extents in the 300 m – 600 m range."]
Leadership
Adam Cegielski (Chairman), Steve Cope (CEO & Director), Ruben Alvidrez (Director), Jeff Couch (Director), Art Freeze (Director), Toby Pierce (Director), Gernot Wober (Technical Advisor), Andreas L’Abbé (Financial Advisor)

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