The property is strategically positioned between Mazatlán and Rosario in Sinaloa and is accessible via an 11km dirt road.
Under the agreement, Silver Viper will acquire all outstanding common shares of CSAC Holdings in exchange for nine million of its own common shares. The transaction awaits approval from the TSX Venture Exchange and satisfactory due diligence on CSAC Holdings and the Cimarron project.
Located in a prominent mining region along a porphyry belt stretching from Arizona to Jalisco, the Cimarron project is situated between Mazatlán and Rosario in Sinaloa. The site is accessible via an 11-kilometer dirt road, with flat terrain and an electrical line just 1 kilometer south, enhancing its development prospects. Nearby towns, including Rosario, a historic mining hub, and Mazatlán, provide access to skilled labor, supporting the project’s operational needs.
Silver Viper’s management has identified growth opportunities within the Cimarron project, particularly in the Calerita, Lobo, and Huanacaxtle zones of the mineralized system. To further explore these areas, the company plans to use trenching as a cost-effective approach to pinpoint additional drill targets, focusing on regions with soil anomalies.
Silver Viper president and CEO Steve Cope stated: “This acquisition supports our strategy to build scale through the addition of high-quality gold, silver and copper assets in Mexico. Cimarron has benefitted from extensive historical drilling and is ready for the next stage of infill and step-out work.”
The Cimarron project builds on Silver Viper’s focus on expanding its portfolio of high-potential mineral assets in Mexico. With prior drilling data providing a strong foundation, the company aims to advance exploration through targeted infill and expansion efforts. The project’s strategic location and infrastructure advantages position it well for future development, contributing to Silver Viper’s growth in the region’s mining sector.
