Silver Viper Provides Exploration Update from La Virginia Project

VANCOUVER, BC, Oct. 1, 2021

Exploration Continues to Encounter Mineralization beneath the El Rubi Deposit and prepares for a TITAN-160 Deep-Penetrating Geophysical Survey

• Drilling continues to test external and internal targets along the El Rubi structure.
• Prospecting activities continue to advance the La Colmena zone located north of El Rubi, and a new prospect, Paredones, located east of El Rubi, on the El Molino trend.
• Silver Viper anticipates deployment of deep-penetrating TITAN-160 ground based geophysical survey in late October.

VANCOUVER, BC, Oct. 1, 2021 /PRNewswire/ - Silver Viper Minerals Corp. (the "Company" or "Silver Viper") (TSXV: VIPR) is pleased to provide an update on exploration activities within the La Virginia Silver-Gold Project, located in Sonora, Mexico. Exploration efforts since the release of Silver Viper's maiden NI 43-101 gold-silver mineral resource have continued to advance with drilling at El Rubi and expansion of mapping and sampling coverage across the project area.  Work continues to refine drill targets over additional prospective showings, and a ground crew has now completed line cutting in advance of a ground geophysical survey programmed to commence in the coming weeks.

Silver Viper has engaged Quantec Geoscience to execute a TITAN-160 deep-penetrating geophysical survey centered over El Rubi Deposit. The survey aims to probe to depth, the sub-surface at El Rubi and is expected to assist in designing a future drill campaign to test deeper portions of the mineralized system. The TITAN-160 survey will collect DC resistivity and Induced Polarization ("DCIP") and Magnetotelluric ("MT") data. The DCIP component of this survey is expected to provide qualified data to a depth of 750 m below surface, while the MT can achieve depths in excess of 1500 m below surface. Drilling at El Rubi has targeted progressively deeper intercepts, mineralization reported herein was encountered within breccias and stockwork zones mostly within rhyolitic host.

Silver Viper's President and CEO Steve Cope states, "Recent drilling at El Rubi has continued to expand knowledge along the main mineralized trend. In the deeper holes we are seeing continuations of mineralized structures hosted by the rhyolitic tuff unit which underlies the main andesitic host rock. As our team plans progressively deeper tests on these structures, we eagerly await commencement of the TITAN-160 geophysical survey over El Rubi. We expect the survey to assist in visualization of the main structural blocks defining the mineralized system and assist in targeting deeper extensions of the mineralized shoots."

Prospecting work continues along the El Rubi trend and the adjacent El Molino trend. Advances have been made at the La Colmena and the newly identified Paredones prospect areas. These early-stage prospects host outcroppings of silicified hydrothermal breccias and quartz veining, similar to those seen in the El Rubi area.  Current work includes chip sampling and mapping. Assays are awaited. 

Recent diamond drilling within the project has probed for lateral and vertical extensions from known mineralized intercepts at El Rubi. Results from the currently reported holes are tabulated below. A drill plan showing the location of these holes is provided on the Silver Viper website; https://silverviperminerals.com/projects/la-virginia/exploration/