Silver Tiger Discovers Wide Zone of High Grade Silver Mineralization IN Black Shale Unit of the Benjamin Vein
NEWS RELEASE
SILVER TIGER DISCOVERS WIDE ZONE OF HIGH GRADE SILVER MINERALIZATION
IN BLACK SHALE UNIT OF THE BENJAMIN VEIN
HALIFAX, NOVA SCOTIA – November 30, 2021 – Silver Tiger Metals Inc. (TSXV:SLVR and
OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) has intersected 4,375.5 g/t silver equivalent
over 2.6 meters in the Benjamin Vein in Drill Hole ET-21-272 from 119.9 meters to 122.5 meters
within a broader mineralized interval of 15.1 meters grading 1,051.0 g/t silver equivalent from
110.7 meters to 125.8 meters.
Hole ET-21-272, the most northern hole drilled to date on the Benjamin Vein , intersected a wide zone of
semi-massive to massive sphalerite, galena and chalcopyrite mineralization on the footwall side of the
Benjamin Vein. The sulphide mineralization is hosted in the “Black Shale” unit of the Flat Formation, an
intercalated grey and black shale form ing a distinct 25 to 30 meter thick sub-unit in the lower section of
the Flat Formation.
Hole ET-21-272 was drilled on Section 6200N, approximately 1,300 meters to the north of the Hole ET-
21-202, the “Discovery Hole” of the Sooy Vein Footwall Zone, where the sulphide mineralization was
first intersected hosted in the altered black shales in the lower Flat Formation.
Highlights from Drill Hole ET-21-272 are detailed in the table below:
From To Length(1) Gold Silver Copper Lead Zinc
AgEq
Total (2)
Benjamin Vein 109.8 132.9 23.1 0.35 388.4 0.14 2.88 6.19 701.5
including 110.7 125.8 15.1 0.50 586.6 0.21 4.29 9.20 1,051.0
including 119.9 125.0 5.1 0.52 1,641.9 0.58 11.86 25.24 2,854.9
including 119.9 122.5 2.6 0.37 2,877.3 1.05 14.63 30.83 4,375.5
Results for 11 drill holes, totaling 2,546.8 meters, drilled on six sections over a 200 meter strike length of
the Benjamin Vein are presented in the attached Drill Hole Results table.
Attached is El Tigre Cross Section 6200N showing the intersection of the Benjamin Vein and the Black
Shale Unit by Drill Hole ET-21-272. A Plan Map of 4.2 kilometers of the El Tigre Veins and Drill Holes
is also attached.
Silver Tiger’s CEO, Glenn Jessome, stated, “The discovery of wide zones of high grade silver
mineralization in the Black Shale unit of the Flat Formation surrounding the high grade quartz silver
veins in the Sooy Vein, the Seitz Kelly Vein and now the Benjamin Vein located kilometers from each
other is a game changing development at El Tigre. This Black Shale unit is a new target we now focus our
drilling on, along with the traditional high grade silver quartz veins.”
Benjamin Cross Section 6200N (Drill Hole ET-21-272)
Plan Map of 4.2 Kilometers of the El Tigre Veins and Drill Holes
Drill Hole Results Table
Hole ID Comment From To Length(1) Gold Silver Copper Lead Zinc
AgEq
Total (2)
m m m g/t g/t % % % g/t
ET-21-243 Benjamin
Vein
73.0 79.8 6.8 0.02 91.8 0.07 0.11 0.12 107.1
including 75.5 79.8 4.3 0.02 138.5 0.07 0.13 0.14 155.0
including 78.8 79.3 0.5 0.05 864.0 0.54 0.52 1.00 965.3
and 132.8 135.2 2.4 0.07 30.4 0.01 0.02 0.06 38.9
ET-21-245 Benjamin
Vein
238.0 240.9 2.9 0.01 94.1 0.03 0.00 0.02 98.4
including 238.0 239.50 1.5 0.01 163.2 0.06 0.00 0.02 170.6
ET-21-247 Benjamin
Vein
150.2 154.0 3.8 0.08 18.1 0.00 0.19 0.57 47.7
including 150.2 152.5 2.3 0.10 19.5 0.00 0.27 0.86 62.5
ET-21-252 25.7 36.1 10.3 0.02 32.0 0.00 0.02 0.00 34.1
28.7 36.0 7.3 0.02 40.1 0.00 0.02 0.00 42.1
Benjamin
Vein
109.8 116.8 7.0 0.09 16.7 0.01 0.02 0.05 26.2
110.4 113.6 3.2 0.15 22.0 0.01 0.02 0.03 35.5
112.2 113.6 1.4 0.13 40.7 0.02 0.03 0.04 54.4
ET-21-255 87.9 88.5 0.6 0.02 138.0 0.07 0.13 0.33 160.8
103.7 106.5 2.8 0.05 56.3 0.02 0.06 0.10 66.6
Benjamin
Vein
113.5 114.5 1.0 0.16 90.2 0.02 1.25 2.57 218.9
including 114.0 114.5 0.5 0.26 170.0 0.03 2.49 5.10 420.8
127.0 128.0 1.0 0.06 16.2 0.00 0.84 2.46 122.5
ET-21-259 128.9 134.3 5.4 0.02 31.1 0.05 0.33 0.29 55.0
131.5 134.3 2.8 0.02 44.2 0.09 0.58 0.49 83.8
142.4 146.4 4.0 0.02 19.8 0.00 1.28 1.08 88.3
including 145.7 146.4 0.7 0.10 101.0 0.00 7.41 4.97 448.9
ET-21-261 124.5 126.6 2.1 0.07 18.9 0.00 0.02 0.06 26.8
Benjamin
Vein
133.1 144.5 11.4 0.17 41.6 0.04 0.15 0.32 72.1
including 134.2 137.5 3.3 0.18 99.9 0.07 0.24 0.32 136.3
including 134.2 135.2 1.0 0.15 191.0 0.13 0.22 0.11 224.0
Hole ID Comment From To Length(1) Gold Silver Copper Lead Zinc
AgEq
Total (2)
m m m g/t g/t % % % g/t
ET-21-267 Benjamin
Vein
76.9 78.8 1.9 0.05 125.2 0.08 0.29 0.39 155.8
including 76.9 77.4 0.5 0.06 287.0 0.19 0.68 1.23 366.8
and 117.6 118.2 0.6 0.01 52.6 0.02 0.13 0.31 68.6
ET-21-269 Benjamin
Vein
107.9 115.8 7.9 0.11 74.3 0.02 0.30 0.58 110.8
including 107.9 108.9 1.0 0.13 429.5 0.11 1.63 3.10 591.7
including 108.4 108.9 0.5 0.19 704.0 0.17 2.68 5.08 966.0
including 123.8 126.0 2.2 0.05 27.5 0.01 0.62 0.41 60.8
ET-21-272 Benjamin
Vein Zone
109.8 132.9 23.1 0.35 388.4 0.14 2.88 6.19 701.5
including 110.7 125.8 15.1 0.50 586.6 0.21 4.29 9.20 1,051.0
including 119.9 125.0 5.1 0.52 1,641.9 0.58 11.86 25.24 2,854.9
including 119.9 122.5 2.6 0.37 2,877.3 1.05 14.63 30.83 4,375.5
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
Hole ID Section Easting Northing Elevation Az Dip Length
ET-21-239 6110N 670404 3386015 1906 90 -55 253.2
ET-21-243 6012.5N 670405 3386015 1906 90 -40 216.6
ET-21-245 6000N 670415 3385997 1896 90 -55 241.0
ET-21-247 6000N 670416 3385997 1896 90 -40 241.0
ET-21-252 6125N 670411 3386113 1937 90 -35 183.0
ET-21-255 6150N 670378 3386149 1942 90 -40 234.9
ET-21-259 6150N 670377 3386149 1942 90 -55 210.5
ET-21-261 6150N 670377 3386149 1942 90 -66 237.9
ET-21-267 6165N 670384 3386161 1947 84 -40 225.7
ET-21-269 6160N 670384 3386161 1947 82 -55 228.8
ET-21-272 6195N 670372 3386194 1959 90 -62 274.5
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 th e 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 gol d). 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.Ge o., 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 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 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 developed along strike for 1 kilometer to a depth of approximately 150 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 1932, 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 approximately 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. 6 kilometer portion of the southern end of the deposits,
principally on the El Tigre, Seitz Kelly and Sooy veins. The under explored Caleigh, Benjami n,
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 rema ining 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) a nd 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
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 t han 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 futu re 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 sta tements 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” an d “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 resul ts 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, develop ment, 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.