The project hosts low-sulphidation epithermal-style gold-silver in quartz stockworks, veins and hydrothermal breccias strongly controlled by the regional north-northwest trend. Mineralization is found within intermediate volcanics, and pre-mineral, dacite-rhyodacite dykes emplaced along the regional structures. 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 20 metres.
Silver Viper has signed an option agreement on Rubi-Esperanza claim group and also has a signed Letter of Intent for 100% ownership over an additional, contiguous group of mineral claims totaling 35,598 hectares known as La Virginia. Silver Viper is working towards the signing of a definitive agreement on the larger claim group and once complete will control some 40km of prospective strike.
Fieldwork on the Rubi-Esperanza claims is currently underway. Work began with a regional targeting and reconnaissance survey and progressed to drill testing in September 2018. The programme is expected to comprise 5,000m of diamond drilling and is designed as a first pass test along known mineralized trends and also potential parallel structures.