Silver Tiger Announces Historic El Tigre MINE Rehabilitation
NEWS RELEASE
SILVER TIGER ANNOUNCES HISTORIC EL TIGRE MINE REHABILITATION
HALIFAX, NOVA SCOTIA – February 22 , 2022 – Silver Tiger Metals Inc. (TSXV:SLVR and
OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) is pleased to announce that it has contracted
Cominvi to rehabilitate the Historic El Tigre mine. Cominvi is a Mexican company which specializes in
underground contract mining and development . Members of Silver Tiger ’s management and technical
team have previously worked with Cominvi and consider them a highly skilled and safe underground
mine contractor. Comnivi provides services to Fresnillo, Pan American Silver and Endeavou r Silver,
amongst others.
Initial rehabilitation will begin on the Level 7 main entry to the Historic El Tigre Mine to allow access to
the Sooy Vein, El Tigre Vein and the Seitz Kelly Vein in contemplation of underground channel
sampling, drilling and bulk sampling on those veins and the black sha le horizon. The rehabilitation will
consist of safely securing and cleaning underground areas, removing historic backfill and stockpiling for
possible future processing, building a ladder s ystem to access multiple mine levels, detailed mapping of
accessed workings and implementation of overall environmental and safety protocols.
CEO, Glenn Jessome state d “We beli eve that it is the appropriate time to go underground to further
understand the El Tigre high grade mineralized system.” Mr. Jessome continued, “Rehabilitation of the
underground w orkings at El Tigre will become a very important asset of Silver Tiger. We expect to
quickly be in a position to allow our technical staff access to the underground workings of the Historic El
Tigre Mine.”
Omnibus Incentive Plan
The Corporation adopted an Omnibus Incentive Plan at its Annual and Special General Meeting of
Shareholders held on September 30, 2021. A copy of the Omnibus Incentive Plan was attached to the
Corporation’s Management Information Circular dated August 31, 2021 and is available for review under
the Corporation’s profile on SEDAR.
About the Silver Tiger and 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 28,414 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 ve ins 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 2 0¢ 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 c an 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. 6 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:
https://vrify.com/explore/decks/492 and on the Corporation’s website at: www.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 t o 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 sa mples 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 th e 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
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 reserve s, the
ability to convert inferred resources to indicated resources, the ability to complete future drilling programs and infill s ampling,
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 risk s 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 wor ds. 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 futur e
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.