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Silver Viper Minerals will acquire the Cimarron gold-copper project in Mexico
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Release time：2025-05-12
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This transaction involves Silver Viper acquiring all issued and outstanding common shares of CSAC Holdings in exchange for 9 million common shares.
Canadian junior exploration company Silver Viper Minerals has signed an agreement with CSAC Holdings and its shareholders (collectively, the "Vendors") to acquire the Cimarron project located in Sinaloa, Mexico, which hosts a porphyry gold-copper system. The transaction involves Silver Viper acquiring all of the issued and outstanding common shares of CSAC Holdings from the Vendors in exchange for 9,000,000 common shares of Silver Viper.
The Cimarron project is situated on a prolific porphyry belt extending from Arizona to Jalisco, within an established mining jurisdiction. Strategically located between Mazatlan and Rosario in Sinaloa, the project is accessible via an 11km dirt road. Relatively flat terrain and proximity to a power line 1km to the south enhance site accessibility.
The Company states that the presence of established mining communities and skilled labor in nearby towns such as Rosario and Mazatlan is highly advantageous to the project's development. Silver Viper's leadership has recognized the growth potential of the Cimarron project, particularly the Calerita, Lobo and Huanacaxtle portions of the mineralized system. The Company is considering trenching as a cost-effective method to identify additional drill targets, particularly where soil anomalies exist. Completion of the transaction is subject to several conditions, including approval from the TSX Venture Exchange and satisfactory due diligence of CSAC and the Cimarron project.
Steve Cope, President and CEO of Silver Viper, commented: "This acquisition supports our strategy to scale by adding high-quality gold, silver and copper assets in Mexico. Cimarron benefits from extensive historical drilling and is ready for the next phase of exploration and advancement."
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