# Silver Viper Minerals (TSXV:VIPR)

> Silver Viper Minerals operates three key assets: the La Virginia Gold-Silver Project in Sonora, the Cimarron Gold-Copper Project in Sinaloa, and the Coneto Gold-Silver Project in Durango.

## About

Silver Viper Minerals operates three key assets: the La Virginia Gold-Silver Project in Sonora, the Cimarron Gold-Copper Project in Sinaloa, and the Coneto Gold-Silver Project in Durango. The La Virginia project is focused on epithermal-style mineralization, while Cimarron adds a gold-copper porphyry system to the portfolio. The Coneto project, located in a prolific silver trend, has a current inferred resource of 286,000 ounces of gold and 19.1 million ounces of silver. The management team has a strong track record in mineral exploration in Mexico.

## Key facts

- **Cash position:** $4,000,000
- **Shares outstanding:** 194771623
- **Fully diluted shares:** 91.99M
- **Warrants:** 19.38M
- **Options:** 9,450,000
- **Mineral resource:** The Cimarron Project hosts a NI 43-101 Inferred Mineral Resource of 3.7 million tonnes grading 0.65 g/t Au, totaling approximately 77,000 ounces of gold (Snowden, 2012).
- **Projects:** ["La Virginia: 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 Minerals’ property originally comprised 35,598 hectares in 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, recently acquired 100% by Silver Viper Minerals. The second group was acquired in December 2018 and is a large group of three concessions also now owned 100% by Silver Viper. The Company completed a project-wide reconnaissance campaign and has filed paperwork which will reduce the area of the large claims, significantly reducing the claim maintenance costs, allowing the company to focus on exploration of the recognized mineralized trend. The project is remote, and a field camp is in place on the property. Exploration work began with a regional targeting and reconnaissance survey and progressed to drill testing in September 2018. Recent exploration work has included two phases of diamond drill testing. Phase I drilling, designed as a first pass test along known mineralized trends and potential parallel structures, was completed in December 2018 and totaled 20 holes for 4,753 metres. Phase II focused on target areas north of the historical exploration areas, notably the El Rubi discovery area, and added 20 more holes for 6,955metres. Total meterage completed by Silver Viper at the pause in drilling totals 11,708 metres in 40 holes. Silver Viper, in close conjunction with its drilling contractor have re-opened the exploration camp, which operates under new safety protocols observed by certified personnel. June 2020 saw recommencement of drilling at El Rubi, and the upcoming work will include continued drill testing of that structure, as well as additional prospective targets in the surrounding area.","Cimarron: The Cimarron Project is a highly prospective gold asset located in the heart of Mexico’s prolific Porphyry Copper-Gold Belt, in the mining-friendly state of Sinaloa. With robust infrastructure, historical drilling, and multiple gold-bearing zones, Cimarron presents an exciting opportunity to develop what could be the next economic Moz-scale gold deposit in the region. Strategic Location: Situated just 44 km from Mazatlán, a major city with an international airport and deep-sea port, Cimarron offers year-round access and logistical advantages. Proven Mining District: Located in the Rosario region, one of Sinaloa’s most established gold-silver producing districts. Flagship Target – Calerita Zone: Hosts a gold porphyry deposit with a NI 43-101 Inferred Mineral Resource of 3.7 million tonnes grading 0.65 g/t Au, totaling approximately 77,000 ounces of gold (Snowden, 2012). Extensive Exploration Database: Over 13,246 metres of drilling completed across 106 drill holes (diamond and reverse circulation). Favorable Infrastructure: The project is located near a paved road, power lines, and within proximity to the mining town of Rosario, enabling efficient exploration and development. Multiple High-Grade Gold Zones: In addition to Calerita, Cimarron includes several other gold-bearing targets, including high-sulfidation epithermal systems and lithocap-style mineralization. Regional Analogues: Geological characteristics are comparable to world-class gold porphyry systems such as the Maricunga District in Chile, known for multi-million ounce deposits.","Coneto: The Coneto Project is located in Durango, Mexico, and is known for its gold-silver mineralization. The project is situated in a region with a rich mining history and is characterized by its favorable geology and infrastructure."]
- **Leadership:** Adam Cegielski (Chairman), Steve Cope (CEO & Director), Ruben Alvidrez (Director), Jeff Couch (Director), Art Freeze (Director), Toby Pierce (Director), Gernot Wober (Technical Advisor), Andreas L’Abbé (Financial Advisor)

_Verified data last updated: 2026-05-15_

## Recent filings

- 2026-05-12 — press_release — [VIPR_2026-05-12_19-13-33.pdf](https://chat.orbiton.app/vipr/preview/50078?documentId=50078)
- 2026-05-08 — other — [VIPR_2026-05-08_16-32-53.pdf](https://chat.orbiton.app/vipr/preview/38930?documentId=38930)
- 2026-05-08 — other — [VIPR_2026-05-08_16-14-04.pdf](https://chat.orbiton.app/vipr/preview/38927?documentId=38927)
- 2026-05-08 — press_release — [VIPR_2026-05-08_16-13-34.pdf](https://chat.orbiton.app/vipr/preview/38928?documentId=38928)
- 2026-05-06 — annual_report — [VIPR_2026-05-06_17-21-43.pdf](https://chat.orbiton.app/vipr/preview/38268?documentId=38268)
- 2026-05-06 — annual_report — [VIPR_2026-05-06_17-21-12.pdf](https://chat.orbiton.app/vipr/preview/38267?documentId=38267)
- 2026-05-04 — press_release — ["Closing the Coneto acquisition marks an important milestone for Silver Viper, and we are particularly pleased to welcome Fresnillo as a shareholder. Their involvement underscores the strength of the project and aligns with our strategy of advancing high-quality assets alongside credible industry pa](https://chat.orbiton.app/vipr/preview/38190?documentId=38190)
- 2026-05-04 — other — [VIPR_2026-05-04_16-48-10.pdf](https://chat.orbiton.app/vipr/preview/38184?documentId=38184)

## Investor FAQ

### [Latest News?](https://chat.orbiton.app/vipr/faq/latest-news)

The latest news from Silver Viper Minerals includes the closing of the Coneto acquisition, which marks an important milestone for the company. This acquisition is expected to strengthen their portfolio and aligns with their strategy of advancing high-quality assets.

### [Projects Overview](https://chat.orbiton.app/vipr/faq/projects-overview)

Silver Viper Minerals operates three key projects: the La Virginia Gold-Silver Project, the Cimarron Gold-Copper Project, and the Coneto Gold-Silver Project. La Virginia focuses on epithermal-style mineralization, Cimarron hosts a gold-copper porphyry system, and Coneto has a current inferred resource of 286,000 ounces of gold and 19.1 million ounces of silver.

## Live AI chat

- https://chat.orbiton.app/vipr/chat
- Investor website: https://silverviperminerals.com/