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Silver Viper Minerals (TSXV:VIPR,OTCQB:VIPRF) intends to develop an underground useful resource for the El Rubi zone of its La Virginia silver-gold mission in Sonora, Mexico, in line with President and CEO Steve Cope.
The corporate carried out a geophysical survey at El Rubi final yr and recognized potential high-grade targets underground.
“We wish to positively begin to goal that this yr and take a look at that principle and mannequin and look to make an extra discovery and begin to develop an underground useful resource above our open-pit useful resource,” Cope mentioned.
Silver Viper has been constructing its La Virginia useful resource, increasing El Rubi to about 300 meters to the south. In 2021, the corporate launched a mineral useful resource estimate at La Virginia comprising 154,000 ounces (oz) of gold and 6.93 million oz of silver within the indicated class, and 260,000 oz of gold and 12.94 million oz of silver within the inferred class.
“Our purpose on the subsequent useful resource will likely be taking it over that million (ounce) gold equal quantity. The unbiased will assist calculate that and use their very own parameters, however with that 300 meters I feel we might be pushing near that already, if we’re not already over that,” Cope mentioned.
Silver Viper’s latest geophysical and geochemical survey additionally recognized new targets on the El Molino zone and alongside the Macho Libre pattern, in line with an organization press launch.
“El Molino has develop into most likely our primary exploration goal, each primarily based on high-grade geochem samples that we’re getting at floor, after which once more with that geophysics exhibiting us some very fascinating issues occurring at depth as properly. So these are all targets which have the potential to provide extra ‘El Rubis,’” Cope mentioned.
Watch the total interview above, that includes Silver Viper Minerals President and CEO Steve Cope.
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