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"Silver Viper Announces a Maiden Gold-Silver Mineral Resource Estimate at La Virginia Project

9:35 am ET May 3, 2021 (PR Newswire) Print


Estimate includes Indicated Resources of 154,300 Oz Gold and 6,929,000 Oz Silver and Inferred Resources of 260,300 Oz Gold and 12,941,300 Oz Silver

-- El Rubi Zone returns an Indicated Resource of 6,179,000 tonnes grading 0.78 g/t gold and 35 g/t silver for 154,300 oz Au and 6,929,000 oz Ag, in addition to an Inferred Resource of 3,255,000 tonnes grading 0.90 g/t gold and 36 g/t silver for 94,100 oz Au and 3,750,000 oz Ag.

-- Con Virginia, El Oriental, Las Huatas and Las Huatas South add an Inferred Resource of 6,622,000 tonnes grading 0.71 g/t gold and 41 g/t silver for 152,200 oz Au and 8,739,800 oz Ag in open pit category, and 227,000 tonnes grading 1.92 g/t gold and 62 g/t silver for an additional 14,000 oz Au and 451,500 oz Ag in the underground category.

-- Gold and Silver Equivalents for Indicated resource equal 253,286 Oz Aueq OR 17,730,000 Oz Ageq at a ratio of 70:1.

-- Gold and Silver Equivalents for Inferred resource equal 445,176 Oz Aueq OR 31,162,300 Oz Ag equivalent at a ratio of 70:1.

-- Drilling and reconnaissance work continues to advance the early-stage La Virginia project."