Gold and Silver Updates


Silver Viper Minerals’ latest drill outcomes and the approaching maiden useful resource estimate are mentioned in a Pink Cloud Securities report.

In a Dec. 16 analysis notice, 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 Essential 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 carried out 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 includes assays of all drilling carried out to this point within the Essential 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 information recommend it “ought to be bigger and supply buyers a sexy entry level put up the latest selloff.”

Concerning 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 Essential, 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 Essential and El Rubi South and El Rubi Essential’s northern projection.

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

Pink Cloud has a Purchase score and CA$1 per share value 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 Business 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 will purchase and/or promote their securities. Moreover, Pink Cloud Securities Inc. might have supplied up to now, and will present sooner or later, sure advisory or company finance companies and obtain monetary and different incentives from issuers as consideration for the availability of such companies.

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3. Within the final 12 months previous the date of issuance of the analysis report or advice, Pink Cloud Securities Inc. has carried out funding banking companies and has been retained beneath a service or advisory settlement by the issuer.

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

5. The analyst who ready this analysis report has a protracted place, within the issuerÂ’s securities.

Analyst Certification

Any Pink Cloud Securities Inc. analysis analyst named on this report hereby certifies that the suggestions and/or opinions expressed herein precisely mirror such analysis analyst’s private views concerning the firms and securities which are the topic of this report. As well as, no a part of any analysis analystÂ’s compensation is, or can be, instantly or not directly, associated to the particular suggestions or views expressed by such analysis analyst on this report.


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