SILVER TIGER INTERSECTS 2.95 METERS GRADING 1,941.1 g/t AgEq WITHIN 9.3 METERS OF 638.4 g/t AgEq IN THE SOOY VEIN
09 Marzo 2021 - 8:00AM
InvestorsHub NewsWire
SILVER
TIGER INTERSECTS 2.95 METERS GRADING 1,941.1 g/t AgEq WITHIN 9.3
METERS OF 638.4 g/t AgEq IN THE SOOY VEIN
HALIFAX,
NOVA SCOTIA – March 9, 2021 – InvestorsHub
NewsWire -- Silver Tiger Metals Inc. (TSXV:SLVR
and OTCQX:SLVTF)
("Silver Tiger" or the "Corporation") ") has intersected 2.95
meters grading 1,941.1 grams per tonne silver equivalent within 9.3
meters grading 638.4 grams per tonne silver equivalent in Drill
Hole ET-21-203. This hole
was drilled on Section 4875N to test the Footwall Zone about 25m
to the south along strike from the Discovery Hole ET-20-202.
Drill Hole ET-21-207 has intersected 1.30 meters grading 2,657.8
grams per tonne silver equivalent within 4.55 meters grading 810.2
grams per tonne silver equivalent was collared on Section 4825N to
test the Footwall Zone about 75m to the south along strike from
Discovery Hole ET-20-202. See attached El Tigre Cross Sections
4875N and 4825N. Plan Map of El Tigre Veins and Drill Holes
is also attached.
As
previously reported, Discovery Drill Hole ET-20-202 intersected
11.75 meters grading 667.9 grams per tonne silver equivalent within
22.2 meters grading 381.9 grams per tonne silver equivalent
approximately 12 meters beyond the footwall
of the Sooy Vein. Drill Hole 202 was drilled to test the down dip
potential of the Sooy Vein targeting just under the lowest mine
level approximately 150 meters from surface where mining ceased
abruptly with the onset of the Great Depression in 1930.
Drill Hole 202 passed through mine workings on the Sooy Vein as it
was not targeted deep enough below the workings. The technical team
opted to continue drilling beyond the footwall of the Sooy Vein and
discovered a new style of wide high grade mineralization
in the Flat Formation that is not the traditional quartz vein ore
that had been previously mined at El Tigre (refer to Silver Tiger
press release dated February 2, 2021).
Drill
Hole Highlights:
•
Drill
Hole ET-21-203 intersected 2.95
meters
grading 1,941.1 g/t AgEq within 9.30 meters grading 638.4 g/t
AgEq in the Footwall Zone
below the Sooy Vein.
•
Drill
Hole ET-21-207 intersected 1.30
meters grading 2,657.8 g/t AgEq within 4.55 meters grading 810.2
g/t AgEq in the Footwall Zone
below the Sooy
Vein.
See
details in Drill Hole ET-20-203 and 207 Results Table below for the
calculation of the silver equivalent grades. Silver Equivalent
("EqAg") grades are based on a silver to gold price ratio of 75:1
(Au:Ag). Copper, lead and zinc are converted using
$3.66/lb copper, $0.90/lb
lead, $1.26/lb zinc at 100% metal recoveries based on a silver
price of $26.00/oz.
Silver
Tiger's CEO, Glenn Jessome, stated, "The significance of these 2
new holes is we have followed and confirmed the new "Footwall
Discovery Zone" for an initial strike
length of 75m to the south of hole ET-21-202. The zone is still
very high grade and it's still in the same physical location in all
three holes in the footwall behind the actual Sooy Vein. So,
we are starting to see this new zone has a similar
strike to the Sooy vein and has some dimension and scale with
potentially mineable widths and grades."
Drill
Holes ET-21-203 and 207 Results Table
Comment
|
From
m
|
To
m
|
Length(1)
m
|
Au
g/t
|
Ag
g/t
|
Cu
%
|
Pb
%
|
Zn
%
|
AgEq(2)
g/t
|
ET-21-203
Sooy
Vein
|
263.0
|
264.2
|
1.2
|
0.07
|
154.3
|
0.21
|
0.09
|
0.01
|
182.6
|
and
|
274.6
|
276.0
|
1.4
|
0.06
|
148.8
|
0.06
|
0.11
|
0.08
|
164.0
|
Footwall
Zone
|
290.9
|
300.2
|
9.3
|
0.22
|
555.7
|
0.51
|
0.45
|
0.20
|
638.4
|
including
|
297.3
|
300.2
|
2.9
|
0.56
|
1,708.8
|
1.53
|
1.18
|
0.44
|
1,941.1
|
|
|
|
|
|
|
|
|
|
|
ET-21-207
|
285.7
|
290.3
|
4.6
|
0.18
|
669.8
|
1.04
|
0.68
|
0.30
|
810.2
|
including
|
289.0
|
290.3
|
1.3
|
0.60
|
2,210.7
|
3.40
|
2.18
|
0.69
|
2,657.8
|
|
299.3
|
301.0
|
1.8
|
0.08
|
290.7
|
0.67
|
0.06
|
0.18
|
368.7
|
Notes:1.
Not true width.
2. Silver
Equivalent ("EqAg") ratios are based on a silver to gold price
ratio of 75:1 (Au:Ag). Copper, lead and zinc are converted using
$3.66/lb copper, $0.90/lb lead, $1.26/lb zinc at 100% metal
recoveries based on a silver price of
$26.00/oz.
Drill
Hole Location Table
Drill
Hole
|
Easting
|
Northing
|
Elevation
|
Az
|
Dip
|
Depth
|
ET-21-203
|
670734
|
3384875
|
1869
|
90
|
-60
|
597.8
|
ET-21-207
|
670713
|
3384825
|
1877
|
90
|
-60
|
350.8
|
El
Tigre Cross Sections 4875N
El
Tigre Cross Sections 4825N
Plan
Map of El Tigre Veins and Drill Holes
El
Tigre Resource Estimate
After
acquiring El Tigre, Silver Tiger drilled 12,500 meters to define
the wide halo of near surface gold mineralization around the mined
high-grade veins of the historic El Tigre Mine. This allowed Silver
Tiger to deliver a maiden resource estimate for
the El Tigre Property
to a depth of 150 meters containing indicated resources of 661,000
gold equivalent ounces at 0.77 g/t (21 g/t silver and 0.51 g/t
gold) and inferred resources of 341,000 gold equivalent ounces at
1.59 g/t (88 g/t silver and 0.52 g/t gold). The National
Instrument 43-101 Technical Report titled "NI 43-101 Technical
Report and Updated Mineral Resource Estimate on the El Tigre
Project, Sonora, México" effective as of September 7, 2017 and
dated October 26, 2017 prepared by David Burga,
P.Geo., Yungang Wu,
P.Geo., Fred Brown, P.Geo., Jarita Barry, P.Geo., Eugene Puritch,
P.Eng., FEC, CET, Alfred Hayden, P.Eng. and Richard H. Sutcliffe,
Ph.D., P.Geo. of P&E Mining Consultants Inc. is available on
the Corporation's website
at www.silvertigermetals.com
and
on www.sedar.com
under the
Corporation's profile.
About
the El Tigre Historic Mine District
Silver
Tiger Metals Inc. is a Canadian company whose
management
has more than 25 years' experience discovering, financing and
building large hydrothermal silver projects in Mexico. Silver
Tiger's 100% owned 25,500 hectare Historic El Tigre Mining District
is located in Sonora, Mexico. Principled environmental,
social
and governance practices are core priorities at Silver
Tiger.
The El
Tigre historic mine district is located in Sonora, Mexico and lies
at the northern end of the Sierra Madre silver and gold belt which
hosts many epithermal silver and gold deposits, including Dolores,
Santa Elena and Las Chispas at the northern end. In 1896, gold was
first discovered on the property in the Gold Hill area
and mining started with the Brown Shaft in 1903. The focus soon
changed to mining high- grade silver veins in the area with
production coming from 3 parallel veins the El Tigre Vein, the
Seitz Kelley Vein and the Sooy Vein. Underground
mining on the middle
El Tigre vein extended 1,450 meters along strike and was mined on
14 levels to a depth of approximately 450 meters. The Seitz Kelley
Vein was mined along strike for 1 kilometer to a depth of
approximately 200 meters. The Sooy Vein was only mined along
strike for 250 meters to a depth of approximately 150 meters.
Mining abruptly stopped on all 3 of these veins when the
price of silver collapsed to less than 20¢ per ounce with the onset
of the Great Depression. By the time the mine closed
in 1930,
it is reported to have produced a total of 353,000 ounces of gold
and 67.4 million ounces of silver from 1.87 million tons (Craig,
2012). The average grade mined during this period was over 2
kilograms silver equivalent per ton.
The El
Tigre silver and gold deposit
is related to a series of high-grade epithermal veins controlled by
a north-south trending structure cutting across the andesitic and
rhyolitic tuffs of the Sierra Madre Volcanic Complex within a broad
silver and gold mineralized prophylitic alteration
zone developed in the El Tigre Formation that can be up to 150
meters wide. The veins dip steeply to the west and are typically
0.5 meter wide but locally can be up to 5 meters in width. The
veins, structures and mineralized zones outcrop on surface and have
been traced for 5.3 kilometers along strike in our brownfield
exploration area. Historical mining and exploration activities
focused on a 1.5 kilometer portion of the southern end of the
deposits, principally on the El Tigre, Seitz Kelly and Sooy veins.
The under explored Caleigh, Benjamin, Protectora and the Fundadora
exposed veins continue north for more than 3 kilometers. Silver
Tiger has delivered its maiden 43-101 compliant resource estimate
and is currently drilling to update its resource estimate and
publish a PEA.
VRIFY
Slide Deck and 3D Presentation – Silver Tiger's El Tigre
Project
VRIFY is
a platform being used by companies to communicate with investors
using 360° virtual tours of remote mining assets, 3D models and
interactive presentations.
VRIFY can be accessed by website and with the VRIFY iOS and Android
apps.
Access
the Silver Tiger Metals Inc. Company Profile on VRIFY at:
https://vrify.com
The VRIFY
Slide Deck and 3D Presentation for Silver Tiger Metals Inc. can be
viewed at:
h
ttps://vrify.com/explore/decks/492 and on the Company's
website at:
w
ww.silvertigermetals.com.
Procedure,
Quality Assurance / Quality Control and Data
Verification
The
diamond drill core (HQ size) is geologically logged, photographed
and marked for sampling. When the sample lengths are determined,
the full core is sawn with a diamond blade core saw with one half
of the core being bagged and tagged for assay. The
remaining half portion
is returned to the core trays for storage and/or for metallurgical
test work.
The
sealed and tagged sample bags are transported to the Bureau Veritas
facility in Hermosillo, Mexico. Bureau Veritas crushes the samples
(Code PRP70-250) and prepares 200-300
gram pulp samples with ninety percent passing Tyler 200 mesh (Code
PUL85). The pulps are assayed for gold using a 30-gram charge by
fire assay (Code FA630) and over limits greater than 10 grams per
tonne are re-assayed using a gravimetric finish (Code
FA530). Silver and multi-element analysis is completed using total
digestion (Code MA200 Total Digestion ICP). Over limits greater
than 100 grams per tonne silver are re-assayed using a gravimetric
finish (Code FA530).
Quality
assurance and quality control
("QA/QC") procedures monitor the chain-of-custody of the samples
and includes the systematic insertion and monitoring of appropriate
reference materials (certified standards, blanks and duplicates)
into the sample strings. The results of the assaying of the
QA/QC material included in each batch are tracked to ensure the
integrity of the assay data. All results stated in this
announcement have passed Silver Tiger's QA/QC protocols.
Qualified
Person
David R.
Duncan, P. Geo., V.P. Exploration of the
Corporation, is the Qualified Person for Silver Tiger as defined
under National Instrument 43-101. Mr. Duncan has reviewed and
approved the scientific and technical information in this press
release.
For
further information, please contact:
Glenn
Jessome President and CEO 902 492 0298
jessome@silvertigermetals.com
CAUTIONARY
STATEMENT:
Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
This
News Release includes certain "forward-looking
statements". All statements other than statements of historical
fact included in this release, including, without limitation,
statements regarding potential mineralization, resources and
reserves, the ability to convert inferred resources to indicated
resources,
the ability to complete future drilling programs and infill
sampling, the ability to extend resource blocks, the similarity of
mineralization at El Tigre to Delores, Santa Elena and Chispas,
exploration results, and future plans and objectives of
Silver
Tiger, are forward-looking statements that involve various risks
and uncertainties. Forward-looking statements are frequently
characterized by words such as "may", "is expected to",
"anticipates", "estimates", "intends", "plans", "projection",
"could",
"vision", "goals", "objective" and "outlook" and other similar
words. Although Silver Tiger believes the expectations expressed in
such forward-looking statements are based on reasonable
assumptions, there can be no assurance that such statements
will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from Silver Tiger's expectations include risks and
uncertainties
related to exploration, development, operations, commodity prices
and global financial volatility, risk and uncertainties of
operating in a foreign jurisdiction as well as additional risks
described from time to time in the filings made by Silver
Tiger
with securities regulators.
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