Company Updates From Management – Thu 27 Aug, 2020

Silver Viper Minerals – A new discovery at the El Rubi zone

Silver Viper Minerals (TSX.V:VIPR – OTCQB:VIPRF) released news yesterday on 10 drill holes, 6 at the El Rubi zone and 4 at the Macho Libre zone on the La Virginia Property. The most important of these holes was hole 245 which intersected a new zone of broad mineralization over a 110.5 meters averaging 0.76g/t gold and 38g/t silver.

Steve Cope, President and CEO of Silver Viper joined me to discuss the significance of this new discovery. He outlines where this hole was drilled in relation to the initial El Rubi discovery and how larger mining companies view this broad zone for a mining scenario.

If you have any follow up questions please email me at Fleck@kereport.com.

Click here to read over the full news release.


Comments:
  1. On August 27, 2020 at 9:47 am,
    cfs says:

    Off Topic:

    August 27, 2020
    Benchmark Makes New Discovery at Marmot Zone and Commences Drilling Over New Gold-Silver Targets
    Edmonton – August 27, 2020 – Benchmark Metals Inc. (the “Company” or “Benchmark”) (TSX-V: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) – is pleased to announce the discovery of new mineralized structures, broad zones of alteration, veining, and sulphide mineralization at the Marmot Zone; drill-hole planning is complete and drilling will commence shortly. The mineralized structures show a strong resemblance to the Companies largest mineralized area, the Cliff Creek Zone that lies 3 kilometres (km) to the northwest (Figure #1). The Marmot area has yielded high-grade rock grab samples up to 61.3 g/t gold and 3,890 g/t silver. The Marmot area represents a highly prospective region measuring 2 km by 3 km. Benchmark’s flagship gold-silver project is located in a road accessible area of the Golden Horseshoe in north-central British Columbia, Canada.

    John Williamson, CEO, commented, “The new gold-silver discovery provides additional geological support that the entire +20 kilometre long, Lawyers gold-silver trend remains under-explored and hosts potential for multiple, large gold-silver bearing zones across the entire 140km2 land package.

  2. On August 27, 2020 at 9:49 am,
    cfs says:

    Silvercrest Metals Inc. has acquired the El Picacho property located near its Las Chispas Project in Sonora, Mexico. The Property was acquired by the company’s subsidiary, Compania Minera La Llamarada, S.A. de C.V., from American Metal Mining, S.A. de C.V., and an affiliate. The purchase price for a 100-per-cent ownership in 11 mining concessions of the property totalling approximately 7,060 hectares was $1.6-million (U.S.) (paid to the Vendor). The company also paid the necessary government taxes to bring these concessions to good standing.

  3. On August 27, 2020 at 9:52 am,
    cfs says:

    VIZSLA MAKES THIRD DISCOVERY, DRILLING 1,019 G/T SILVER EQUIV. OVER 2.5 METRES AT PAPAYO, 1 KM NORTH OF NAPOLEON DISCOVERY AT PANUCO, MEXICO

    Vizsla Resources Corp. has made a third new discovery with the company’s first stepout drill results along the Napoleon vein corridor at the Panuco silver-gold project in Mexico. A total of three holes have been completed to date at the Papayo Zone, located over one kilometre (“km”) north of the initial Napoleon discovery with results from the first hole reported in this release. The Papayo Zone has never previously been drilled and has high-grade outcropping samples along a jog in the vein similar to the initial Napoleon discovery.

    Drilling Highlight

    NP-20-18 1,019 g/t silver equivalent (689.5 grams per tonne (“g/t”) silver, 3.76 g/t gold, 0.25% lead and 0.63 % zinc) over 2.5 metres (“m”) from 141.5m including;

    2,206 g/t silver equivalent (1,515.0 g/t silver, 7.96 g/t gold, 0.5% lead and 1.2 % zinc) over 1.0m from 141.5m

  4. On August 27, 2020 at 9:58 am,
    cfs says:

    BRIXTON METALS TO ACQUIRE THE TRAPPER GOLD-COPPER PROPERTY AND RELATED ROYALTIES FURTHER EXPANDING ITS THORN PROJECT

    Brixton Metals Corp. has entered into separate agreements to acquire a 100-per-cent interest in the Trapper mineral claim group and its associated royalties, further expanding the Thorn project. The Trapper claims are adjacent to the Thorn project and part of a larger district-scale copper-gold trend.