Gold and Silver Updates


December 30, 2020 ( Newswire) Silver Viper Minerals’ latest drill outcomes and the upcoming maiden useful resource estimate are mentioned in a Pink Cloud Securities report.

In a Dec. 16 analysis word, Pink Cloud Securities Derek Macpherson reported the latest drill outcomes from Silver Viper Minerals Corp.’s (VIPR:TSX.V; VIPRF:OTCQB) section 2 exploration program at its La Virginia challenge in Mexico.

The analyst famous the consequence highlights have been from the El Rubi Fundamental zone. Of the 12 holes drilled there, two returned high-grade silver and gold intercepts. LV20-283 confirmed 133 grams per ton (133 g/t) silver and 77.9 g/t gold over 1 meter (1m). LV20-277 demonstrated 493 g/t silver and 9.46 g/t gold over 1.5m.

Preliminary metallurgical testing, within the type of bottle roll leach assessments, was completed on 4 composites and “demonstrated good recoveries,” relayed Macpherson. Dissolution values for gold got here again as between 90% and 95% and for silver, between 62% and 76%.

Silver Viper intends to finish a maiden useful resource estimate in H1/21 for El Rubi that comes with assays of all drilling completed thus far within the Fundamental zone. Whereas the corporate’s present CA$28 million enterprise worth implies a maiden useful resource of about 260,000 ounces of gold equal, Macpherson identified that out there knowledge recommend it “ought to be bigger and supply buyers a lovely entry level submit the latest selloff.”

Relating to latest drill outcomes from El Rubi South and El Rubi North, they “look promising,” Macpherson wrote. El Rubi South returned optimistic intercepts alongside strike and 300m south of El Rubi Fundamental, suggesting continuity between the 2 zones. El Rubi North drilling encountered 92 g/t silver and 1.47 g/t gold over 1m in gap LV-20-271.

Silver Viper intends to additional discover these areas by way of extra drilling in 2021, together with between El Rubi Fundamental and El Rubi South and El Rubi Fundamental’s northern projection.

“Exploration success plus the maiden useful resource ought to drive the share worth increased,” Macpherson mentioned.

Pink Cloud has a Purchase ranking and CA$1 per share worth goal on Silver Viper, the inventory of which is at present buying and selling at about CA$0.42 per share.


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Disclosures from Pink Cloud Securities, Silver Viper Minerals Corp., December 16, 2020

Pink Cloud Securities Inc. is registered as an Funding Supplier in Ontario, Quebec, Alberta and British Columbia and is a member of the Funding Trade Group of Canada (IIROC). A part of Pink Cloud Securities Inc.’s enterprise is to attach mining firms with appropriate buyers. Pink Cloud Securities Inc., its associates and their respective officers, administrators, representatives, researchers and members of their households might maintain positions within the firms talked about on this doc and should purchase and/or promote their securities. Moreover, Pink Cloud Securities Inc. might have supplied up to now, and should present sooner or later, sure advisory or company finance companies and obtain monetary and different incentives from issuers as consideration for the supply of such companies.

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4. Within the final 12 months, a accomplice, director or officer of Pink Cloud Securities Inc., or the analyst concerned within the preparation of the analysis report has acquired compensation for funding banking companies from the issuer.

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