Orex Minerals Highlights Silver Viper's High-Grade Drill Results at La Virginia, Sonora, Mexico
High-grade drill hits at La Virginia validate aggressive expansion as Coneto acquisition nears completion.
The most recent news (March 24, 2026) highlights high-grade drill results from the La Virginia Gold-Silver Project in Sonora, Mexico. Key intercepts include hole LV26-345, which returned 11.70 m at 9.18 g/t gold and 352.0 g/t silver. These results are part of an expanded 5,000m program aimed at converting "Inferred" resources to "Indicated" at the El Rubi zone. Simultaneously, the company is finalizing the acquisition of the Coneto Silver-Gold Project from Fresnillo and Orex Minerals for US$15 million in shares.
The news is Routine - Positive. While the drill grades are exceptionally high (specifically the 0.5m interval of 183.5 g/t Au and 6,850 g/t Ag), they represent the successful execution of a previously announced drill program (October 2025). - Resource Growth: The results confirm the continuity of high-grade mineralization at El Rubi, which is critical for the updated Mineral Resource Estimate (MRE) expected in Q2 2026. - Strategic Validation: The mention of Orex Minerals receiving nearly 10 million shares confirms the Coneto transaction is proceeding as planned, which will transform Silver Viper into a multi-project developer with backing from Fresnillo (the world’s largest primary silver producer). - Market Sentiment: The company was a "Top 50" performer on the TSX-V in 2025; these results maintain that momentum but do not fundamentally change the company's known trajectory.
Silver Viper is a junior explorer focused on Mexico. - Flagship: La Virginia Gold-Silver Project (Sonora). It is a district-scale epithermal system. - Current Resource: 154,000 oz Au (0.78 g/t) and 6.92 Moz Ag (35 g/t) Indicated. - Secondary Project: Cimarron (Gold-Copper) and the pending Coneto Project (Silver-Gold).