11:15 AM EDT, 07/22/2024 (MT Newswires) -- Silver Viper Minerals ( VIPRF ) on Monday said it completed the acquisition of three mineral concessions covering 2,102 hectares at the La Virginia Project in Sonora State, Mexico.

The company made the final payment of US$775,000 to satisfy the final payment under the Rubi-Esperanza Option Agreement in June.

"Completing the terms of the Rubi-Esperanza Option Agreement and acquiring 100% ownership of these key mineral concessions marks a significant milestone for our company. This achievement not only enhances our position in Mexico, but also strengthens our commitment to advancing the La Virginia Gold-Silver Project," said Steve Cope, CEO.

The company's shares last traded Friday, closing unchanged at $0.07 on the TSX Venture Exchange.