Orex Minerals Inc. has shared drill results released by Silver Viper Minerals Corp. for its ongoing drilling program at the La Virginia gold–silver project in Sonora, Mexico. Upon closing of such transaction, Orex will receive 9,908,438 shares of Silver Viper common stock, representing its pro rata share of the total stock consideration, valued at $15 million.
The drilling results reported by Silver Viper underscore the significant value behind the equity stake negotiated by Orex and reinforce management’s confidence in the strategic logic of the Coneto transaction. Well ID From (m) Interval Au (g/t) Ag (g/t) Featured LV26-345 236.5 11.70 m 9.18 352.0 Incl. 0.5 m @ 183.5 g/t Au & 6,850 g/t Ag LV26-344 278.5 2.60 m 50.66 158.1 incl.
0,6 m @ 208,0 g/t Au & 435,0 g/t Ag LV26-344 150,95 1,10 m 12,34 604,5 LV26-343 169,0 2,20 m 4,50 347,7 Incl. 0,5 m @ 13,8 g/t Au & 1.205 g/t Ag LV26-343 262,5 3,50 m 5,31 319,7 LV26-347 89,5 13,50 m 2,79 37,5 Incl. 2,5 m @ 11,62 g/t Au LV25-339 358,2 17,30 m 2,00 28,8 Incl.
1.5 m @ 14.8 g/t Au from 402.5 m LV25-331 56.0 3.50 m 1.25 24.81 El Molino – new mineralized structure LV25-336 28.6 3.20 m 1.66 4.27 El Molino – new mineralized structure Note: Results were reported by Silver Viper Minerals Corp.
in its press release dated March 23, 2026. Orex Minerals makes no representations about the accuracy of such results. Readers are referred to Silver Viper’s original press release and SEDAR+ filings for full technical disclosure, including qualified person statements and quality assurance and control (QA/QC) protocols.
Silver Viper’s La Virginia gold-silver project is a resource-phase epithermal gold-silver system located in Sonora, Mexico. The project hosts a current mineral resource estimate of 154,000 indicated ounces of gold at 0.78 g/t and 6.92 million indicated ounces of silver at 35 g/t, plus 260,000 inferred ounces of gold at 0.8 g/t and 12.94 million inferred ounces of silver at 40 g/t, based on the 2021 resource estimate. resources for the second quarter of 2026, which will incorporate the current infill and expansion drilling program.
The ongoing programme, originally 5,000 m in scope, has been expanded to facilitate further infill drilling at El Rubí with the aim of converting the inferred mineral resources to indicated status. Silver Viper reports that the announced results cover a total of 5,646.4 m of drilling in 18 wells (7 exploration wells and 11 infill wells), with drilling in progress at the site at the time of publication.
