Silver Viper Minerals Corp. (TSXV: VIPR) released new assay results from its ongoing exploration program at the La Virginia project in Sonora, Mexico. The company completed nine infill drill holes, totaling 3,239.1 meters, within the El Rubi zone. This latest work represents a continuation of an extensive drilling effort that has seen 27 holes completed since October 2025, bringing the total meterage for the current campaign to 8,885.5 meters. The company's shares closed at $0.405 on July 23, 2026, marking a 3.85% increase for the day.

The primary objective of this infill drilling is to tighten the spacing between drill holes to between 20 and 25 meters, a technical step intended to bolster the confidence levels of the existing geological model. Several of the new holes successfully intersected high-grade mineralization. Notably, drill hole LV26-356 returned 15.8 meters grading 6.91 g/t gold equivalent, while hole LV26-357 intersected 11.0 meters of 4.97 g/t gold equivalent. These results confirm the continuity of the high-grade structures previously identified at the El Rubi zone and provide the geological support necessary for potential future resource reclassification.

"The drilling at El Rubi continues to support high-grade results presented in earlier phases of the drill program. Infill drilling at El Rubi has increased the confidence level and categories in the resources estimated at El Rubi (press release dated June 14, 2021). We continue to present high-grade intervals during the infill drilling portion of our program which positions Silver Viper well for meaningful resource growth and possible re-statement." — Steve Cope, President and CEO

Not all holes encountered significant mineralization; for instance, holes LV26-349, LV26-353, and LV26-354 returned no notable intercepts. However, the management team remains focused on the broader development of the project. The recent drilling is part of a significantly larger, 60,000-meter campaign currently underway at the site, which aims to drive resource expansion across the property. With the validation of this latest data, the company is positioning itself for a material update to its mineral resource estimate, which is anticipated later in 2026.

These latest findings highlight the structural complexity of the epithermal system at La Virginia, where mineralized intercepts are often hosted within altered volcanic rocks cut by quartz-calcite stockwork veinlets. By focusing on infill patterns, the technical team is refining its understanding of the fault-controlled trends that host the silver and gold mineralization. As the broader 60,000-meter program continues to advance, the company is balancing its infill strategy with testing, aiming to both harden the existing resource categories and delineate further potential discovery zones across the project’s strike length. The positive market response on the day of the announcement suggests investor attention remains centered on these systematic upgrades as the company works toward its year-end goals.

Read the full announcement: Silver Viper Receives Additional Infill Drilling Results from the Program at The El Rubi Zone, La Virginia Project in Sonora, Mexico