Silver Viper Min Stock Price, News & Analysis

Silver Viper Minerals Corp. (OTCQB: VIPRF) is a Canadian-based junior mineral exploration company in the basic materials sector, focused on precious metals exploration. According to company disclosures, Silver Viper concentrates its activities on gold and silver projects in Mexico, with a particular emphasis on the northwestern Mexican state of Sonora and additional projects in Sinaloa. The company’s work is centered on identifying and advancing mineralized zones prospective for gold-silver mineralization.

Silver Viper trades in Canada on the TSX Venture Exchange under the symbol TSXV: VIPR and in the United States on the OTCQB under the symbol VIPRF. The company describes itself as a junior explorer, which means its primary activities involve acquiring mineral properties, conducting geological and geophysical surveys, drilling, and defining mineral resources rather than operating producing mines.

Core Projects and Exploration Focus

Silver Viper reports that its flagship asset is the La Virginia Gold-Silver Project in Sonora, Mexico. La Virginia is described as an early-stage exploration property that is prospective for low-sulphidation epithermal precious metal mineralization. Gold and silver at La Virginia occur within breccias, veins and stockworks, hosted primarily by andesitic volcanic rocks, often in close association with or cross-cutting dacite dykes and controlled by fractures and faults that follow a regional structural trend.

The company states that it has 100% ownership of the La Virginia concessions acquired from the most recent operator, Pan American Silver Corp., and it holds an option to acquire a 100% interest in the Rubi-Esperanza group of claims internal to those concessions. Through option agreements with two distinct parties, Silver Viper also acquired a historical exploration database for La Virginia, which includes drill core and assay data from previous operators.

Silver Viper’s disclosures describe extensive drilling at La Virginia by both current and previous operators. The company reports that it has completed numerous diamond drill holes over several phases of work, building on a sizeable database of historical drilling. Drilling has targeted multiple zones, including El Rubi, Las Huatas, Con Virginia, El Oriental and related areas, with the objective of testing lateral and vertical extensions of mineralized structures and refining targets along key trends.

El Rubi and District-Scale Potential

Within La Virginia, the company highlights the El Rubi zone as a priority target. El Rubi is described as a deposit situated on a mesa north of earlier-known deposits and aligned along a structural trend that hosts multiple mineralized zones. According to technical descriptions, mineralization at El Rubi has been intercepted over a strike length of several hundred metres and to significant vertical depths, within a network of steeply dipping quartz veins and breccias.

The company reports that El Rubi is associated with a northwest-trending, fault-controlled, silicified breccia and quartz stockwork zone that dips steeply to the east-northeast. A broader stockwork zone referred to as the “Western Zone” has also been identified in the footwall of the El Rubi structure, where mixed andesite units can host broad zones of fine quartz stringers. These geological features underpin Silver Viper’s focus on El Rubi as a core component of the La Virginia project.

Silver Viper has also referenced additional prospects along the broader trend, including La Colmena, Paredones, El Molino and Macho Libre, where reconnaissance work such as mapping and sampling has identified silicified hydrothermal breccias and quartz veining similar to those at El Rubi. These areas are described as early-stage targets that may be tested through further drilling.

Rubi-Esperanza Option Agreement

A key element of the La Virginia land position is the Rubi-Esperanza Option Agreement, which covers three mineral concessions totaling 2,102 hectares within the project area. Silver Viper has disclosed that it renegotiated and later further amended this agreement, adjusting the schedule and mix of cash and share payments while maintaining the right to purchase 100% ownership of the concessions.

The revised and amended agreements outline staged cash payments and share issuances over several years, with specific amounts and timing described in company news releases. The company has confirmed that it has issued shares and made payments under these agreements and that the optionors are at arm’s length to Silver Viper and its affiliates or associates, as defined in TSX Venture Exchange policies.

Technical Work and NI 43-101 Reporting

Silver Viper emphasizes adherence to Canadian disclosure standards for mineral projects. The company has reported a maiden NI 43-101 mineral resource estimate for the La Virginia Precious Metal Project and has filed an independent technical report titled “Technical Report for the La Virginia Precious Metal Project, Sonora, Mexico” on SEDAR. The mineral resource estimate covers multiple deposits, including El Rubi, Con Virginia, El Oriental, Las Huatas and Las Huatas South, and provides indicated and inferred resources for both open-pit and underground categories.

The company notes that the mineral resource estimate was prepared in accordance with National Instrument 43-101 and CIM guidelines. It also describes the use of three-dimensional block models, ordinary kriging and inverse distance methods for grade estimation, as well as capping of high-grade assays and the application of cut-off grades based on metal prices and operating cost assumptions. Silver Viper states that mineral resources are not mineral reserves and do not have demonstrated economic viability, and that the estimates may be affected by various technical, legal and socio-political factors.

In addition to resource estimation, Silver Viper has implemented QA/QC procedures for its drilling programs. Samples of halved diamond drill core are sent to an external laboratory in Hermosillo, Sonora, for preparation and analysis. Gold is analyzed by fire assay with atomic absorption finish, and a multi-element suite including silver is analyzed by multi-acid digestion with ICP methods. Over-limit precious metal assays are re-tested using gravimetric methods. The company reports that it monitors quality control using commercially sourced standards and locally sourced blanks inserted into the sample stream at regular intervals.

Geophysical Surveys and Target Generation

To support deeper and more detailed exploration, Silver Viper has engaged geophysical contractors to carry out deep-penetrating surveys over key areas such as El Rubi. The company has described the use of TITAN-160 and Titan MT ground-based geophysical surveys, which collect DC resistivity, induced polarization and magnetotelluric data. These surveys are intended to probe the subsurface to substantial depths and assist in visualizing structural blocks and potential extensions of mineralized systems.

Results from geophysical surveys, combined with structural mapping, surface geochemical sampling and historical data, are used to refine drill targets at El Rubi and other prospects such as El Molino, Macho Libre and El Oriental. Silver Viper reports that exploration drilling has, at times, paused while geophysical data and mapping results are interpreted, with the goal of guiding future drill campaigns and potential updates to the mineral resource.

Additional Projects in Mexico

Beyond La Virginia, Silver Viper has disclosed additional assets in Mexico. The company states that it operates the Cimarron Gold-Copper Project in Sinaloa, which it describes as a recently acquired project. It has also referenced the Coneto Project, noting that this project enhances its portfolio with another district-scale opportunity in the heart of Mexico’s silver belt. These projects indicate that Silver Viper’s exploration footprint extends beyond Sonora into other mineralized regions of Mexico.

Corporate Structure and Management

Silver Viper identifies itself as being under management provided by the Belcarra Group, which it describes as a group of mining professionals. The company has also reported the grant of incentive stock options to directors, officers and consultants, outlining the number of options, exercise price, vesting and term, as part of its equity-based compensation and corporate governance practices.

The company participates in resource-focused investment conferences and virtual events, including the Vancouver Resource Investment Conference, Deutsche Goldmesse and webinars hosted by capital markets advisory firms. These activities are intended to provide corporate updates, discuss exploration plans and present technical and market information related to its projects.

Exploration Strategy and Data Management

Silver Viper’s exploration strategy, as described in its disclosures, involves building on historical work while advancing new targets. The company has possession of current and historical diamond drill core and sample pulps generated on the La Virginia property since 2010. It reports having reviewed historical drilling data through physical checks of drill pads and core, and by verifying mineralized intervals using portable XRF on core and pulps. Additional confirmatory drilling has been conducted at areas such as Las Huatas, Con Virginia and the northern extension of El Oriental to validate historical data and support the resource model.

By combining historical datasets with new drilling, geophysics, mapping and sampling, Silver Viper aims to refine its understanding of the structural and geological controls on mineralization at La Virginia and its other projects. The company’s news releases emphasize the identification of key targets and trends, strategic reductions in claims to focus on priority areas, and the use of modern exploration tools to guide drilling.

Status and Trading

Based on the available information, Silver Viper Minerals Corp. continues to operate as a junior mineral exploration company with an active focus on precious metals projects in Mexico. The company’s shares trade on the TSX Venture Exchange and the OTCQB, and it issues regular news releases describing exploration results, technical reports, option agreements and corporate activities. No information in the provided materials indicates a completed merger, acquisition, bankruptcy or delisting event for VIPRF.