Silver Viper Minerals Corp. is pleased to announce that the Company intends to undertake a non-brokered private placement financing to raise gross proceeds of up to $2,000,000 from the sale of up to 10,000,000 units at a price of $0.20 per Unit, each Unit consisting of one common share of the Company and one-half of one warrant.
“The dramatic increase in production from Q2 to Q3 of this year reflects the welcomed addition of the San Ignacio Mine and the Topia Mine into our growing production portfolio,” said James Anderson, Chairman and CEO of Guanajuato Silver.
Tony Makuch, Interim CEO, states: “We recently wrapped up our Phase 2 drill program with results exceeding expectations. Of note, mineralized intercepts at depth and to the northeast highlight the potential to expand the size of the open pit in our upcoming PFS.”
“Since day one, the Vizsla team has believed that the Panuco-Copala district would become a major, well-endowed precious metals camp,” commented Michael Konnert, President and CEO. “Over the last couple of years, in addition to announcing our large maiden resource, Vizsla has worked to consolidate our land position and has continued to acquire both small inlier and outlier concessions in the area.”
J.D. Poliquin, Chairman of Azucar Minerals stated, “These two holes were the first to be drilled into this newly defined alteration target. It is important to remind shareholders that this zone is one of many porphyry targets and centres on the project.”
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