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 venture in Sonora, Mexico, in accordance with President and CEO Steve Cope.
The corporate performed a geophysical survey at El Rubi final yr and recognized potential high-grade targets underground.
“We need to positively begin to goal that this yr and check that idea 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 of gold and 6.93 million ounces of silver within the indicated class, and 260,000 ounces of gold and 12.94 million ounces of silver within the inferred class.
“Our purpose on the following useful resource will likely be taking it over that million (ounce) gold equal quantity. The impartial will assist calculate that and use their very own parameters, however with that 300 meters I believe we would 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 development, in accordance with an organization press launch.
“El Molino has change into in all probability 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 taking place at depth as effectively. So these are all targets which have the potential to supply further ‘El Rubis,’” Cope mentioned.
Watch the total interview above, that includes Silver Viper Minerals President and CEO Steve Cope.
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