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Silver Viper Enters Into Definitive Agreements to Acquire Rubi-Esperanza Claims, La Virginia Gold-Silver Project, Sonora, Mexico
Silver Viper Enters Into Definitive Agreements to Acquire Rubi-Esperanza Claims, La Virgin...
About this update from Silver Viper Minerals Corp.
[{"type":"text","content":"\n\n\n\nSilver Viper Enters Into Definitive Agreements to Acquire Rubi-Esperanza Claims, La Virginia Gold-Silver Project, Sonora, Mexico\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, June 25, 2018\n\n\n\nVANCOUVER, June 25, 2018 /CNW/ - Silver Viper Minerals Corp. (the \"Company\" or \"Silver Viper\") (TSX-V: VIPR) is very pleased to announce the entering into option agreements (the \"Option Agreements\") to acquire the Rubi-Esperanza group of mineral concessions located 220km east-northeast of Hermosillo, Sonora, Mexico.  The Option Agreements grant Silver Viper the right to acquire 100% ownership of three prospective claims totaling 2,102 hectares. In return, the Company will make the following cash payments over the first four anniversaries of the date of the Option Agreements (beginning in 2019): (i) US$190,000 on the first anniversary; (ii) US$500,000 on the second anniversary; (iii) US$1,000,000 on the third anniversary; and (iv) US$2,800,000 on the fourth anniversary and grant the current owners a 2% net smelter returns royalty (see Silver Viper news release dated December 13th, 2017).  \n\n\n \n \n\n \nLocated in eastern Sonora, the Rubi-Esperanza claims are prospective for gold and silver mineralization and are surrounded by three large, prospective mineral concessions held by Pan American Silver Corp. (\"PAS\").  Silver Viper previously entered into a non-binding Letter Of Intent with PAS to acquire 100% ownership of these claims. (Silver Viper News release Feb 5th 2018).  As the Company prepares to embark on an initial diamond drill test of up to 5000m at Rubi-Esperanza, it continues to advance the third definitive agreement with PAS.\n\nSilver Viper's President and CEO, Steve Cope, stated: \"The signing of definitive agreements to acquire the Rubi-Esperanza group of claims is a milestone for Silver Viper.  It marks the beginning of consolidation of this relatively underexplored silver-gold camp.  Our due-diligence work has included field reconnaissance and prospecting, and the team is progress...