NIA is excited to announce Silver Viper Minerals (TSXV: VIPR) currently $0.71 per share as its new confidence rating of 100 Mexican gold and silver stock suggestion. VIPR is working towards defining its maiden resource at the company’s 100% owned La Virginia Gold-Silver Project located in the northwestern Mexican state of Sonora. Over 52,000m of drilling across 188 diamond drill holes took place at the La Virginia Gold-Silver Project between 2010-2013 by Minefinders and Pan American Silver, which included an intercept from drill hole LV11-047C of 7.63 g/t gold and 363 g/t silver over 23.5m (true width was not reported).
In late-2018, VIPR conducted its own Phase 1 drilling program of 20 diamond drill holes totaling 4,753m. During this program, VIPR uncovered a major new mineralized zone when drill hole LV18-201 made an intercept of 3.16 g/t gold and 228 g/t silver over 13.3m (true width 6m). Using a gold/silver ratio of 70, this is equal to 6.417 g/t gold equivalent over a true width of 6m for 38.50 grammeters of gold equivalent. This intercept was discovered only 27m below surface.
VIPR’s major new mineralized zone is considered a northern extension of the main La Virginia mineral system and is now known as the El Rubi Discovery Zone.
Earlier this year, VIPR launched a Phase 2 drilling program targeting the brand new El Rubi Discovery Zone. VIPR this year has already achieved an extremely high-grade intercept at drill hole LV20-218 of 22.63 g/t gold and 1,431 g/t silver over 3m (true width 1.89m). Using a gold/silver ratio of 70, this is equal to 43.08 g/t gold equivalent over a true width of 1.89m for 81.42 grammeters of gold equivalent.
In addition to discovering extremely high grades of gold and silver, VIPR has also been discovering extremely wide intercepts of gold and silver. VIPR’s drill hole LV20-245 intercepted 110.5m (true width 55.2m) of 0.76 g/t gold and 38 g/t silver. Using a gold/silver ratio of 70, this is equal to 1.30 g/t gold equivalent over a true width of 55.2m for 71.76 grammeters of gold equivalent. This intercept was discovered only 75m below surface.
VIPR’s drill hole LV20-245 discovered an entirely new major lode/zone at El Rubi, located 100m west of the lode/zone where all of VIPR’s other El Rubi intercepts have come from!
VIPR has 73.04 million shares outstanding for a market cap at $0.71 per share of CAD$51.86 million. VIPR also trades in the U.S. on the OTCQB under the symbol VIPRF with a current market cap of USD$39.42 million.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from VIPR of USD$30,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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