VANCOUVER, Dec. 7, 2017 /CNW/ - Silver Viper Minerals Corp. (the "Company" or "Silver Viper") (TSX-V: VIPR) is pleased to announce that Alex Peter Tsakumis has been appointed by the Company as Vice President of Corporate Development.
Mr. Tsakumis is a seasoned executive in the mining space with over twenty-five years of investment experience with private and public companies. Prior to joining Silver Viper, Mr. Tsakumis was the Vice President of Corporate Development at Alio Gold Corp. (formerly Timmins Gold Corp.) for nine years, where he played a pivotal role in the development of the corporation from a junior exploration to a production company. He began his career in 1989 with the Barrington Group, representing advanced stage mining companies. He has experience in capital formation and management and growth of listed companies, including mergers and acquisitions, corporate governance, and corporate communications. He is a graduate of the University of British Columbia with a Bachelor's Degree in Economics.
"Alex is a valued addition to our organization," stated Stephen Cope, CEO of Silver Viper. "His extensive knowledge and experience in the mining industry coupled with his strong core values and work ethic will serve the Company well as we strive to achieve our goals."
Phase I exploration activities at Clemente including reconnaissance mapping, soil sampling and diamond drilling are now completed for the brief 2017 season. Drill and field crews have demobilized, and the remainder of Phase I exploration is scheduled to recommence February 2018.
To date, Silver Viper has completed 9 exploration holes on two prospect areas; El Mundo (4 holes totaling 421m) and Nuevo Mundo (5 holes totaling 641m) for a total of 1,062 metres. Silver Viper originally planned for a 2,000m diamond drill program to be completed by mid-November 2017. However, work could not begin until after the initial public offering was completed and challenging ground conditions in target areas resulted in low production rates. Further, exploration work was required to be halted to respect the local land access agreement during the local hunting season. Full assays from the drilling work are pending and will be released once available.
"Preliminary Phase 1 drilling at Clemente is now complete for the season as we now prepare for resumption of the program in February 2018. With a great technical team in place, we look forward to developing our understanding of the Clemente project through our maiden exploration program," said Steve Cope, CEO of Silver Viper.
Known mineral deposits in the region demonstrate strong structural control. Previous work on Clemente recognized a complex post-depositional history including two phases of thrust faulting, subsequent folding and later extensional faulting. Silver Viper considers the property to be highly prospective and will continue the initial drill test in February 2018.
About the Company
Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in the northwestern Mexican state of Sonora. The Company has an option to acquire a 100% interest in the Clemente Precious-Base Metals Property from Riverside Resources Inc. The Clemente project is highly prospective, located within the prolific Sonora-Mojave megashear. The Company's directors and management are industry professionals with the Belcarra Group, with a consistent track record of identifying and advancing successful mineral exploration projects.
Dale Brittliffe, P.Geo., Vice President of Exploration, is a 'Qualified Person' under National Instrument 43-101 and has approved the scientific and technical information contained in this news release.
Forward Looking Information
This press release contains forward-looking statements based on assumptions as of that date. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Accordingly, actual and future events, conditions, and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
On behalf of the Board of Directors,
Stephen Cope, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Silver Viper Minerals Corp.
For further information: Silver Viper Minerals Corp., 1055 W Hastings St, Suite 1130, Vancouver, BC, V6E 2E9, Alex Tsakumis, VP Corporate Development, (604) 687-8566 X228, [email protected]