The project hosts low-sulphidation epithermal-style gold-silver in quartz stockworks, veins and hydrothermal breccias controlled by the regional north-northwest trend. Mineralization is hosted by intermediate volcanics, and pre-mineral, dacite-rhyodacite dykes emplaced along fractures aligned to the regional trend. The structures are laterally extensive and often conspicuous due to the erosion-resistant nature of the coincident dykes. Work to date has identified anomalous gold and silver mineralization over many kilometres. Historical underground workings indicate that mineralized zones within dilationary jogs or bends along the target structures can achieve true widths of up to 20m.
Silver Viper’s property comprises 35,598 hectares and is composed of six mineral concessions collectively referred to as La Virginia Gold-Silver Project. The claims were acquired in two phases from June 2018, the first being a 2102 hectare group of three claims known as Rubi-Esperanza, currently being acquired under option. The second group was acquired in December 2018 and is a large group of three concessions now owned 100% by Silver Viper. The Company has completed a project-wide reconnaissance campaign and is moving to reduce these large claims to a more manageable size.
Fieldwork on the property is currently underway. Work began with a regional targeting and reconnaissance survey and progressed to drill testing in September 2018. The program completed in December 2018 totaled 4,753 metres and was designed as a first pass test along known mineralized trends and potential parallel structures. Fieldwork on the property is ongoing, Silver Viper expects to recommence drilling of exploration targets in the first half of 2019.