Silver Tiger Intersects 1,380.9 G/T Ageq over 0.5 Meters Within a Broader Interval of 23.8 Meters Grading 113.3 G/T Ageq IN the El Tigre Vein and Provides Underground Rehabilitation Update
NEWS RELEASE
SILVER TIGER INTERSECTS 1,380.9 g/t AgEq OVER 0.5 METERS WITHIN A BROADER
INTERVAL OF 23.8 METERS GRADING 113.3 g/t AgEq IN THE EL TIGRE VEIN AND
PROVIDES UNDERGROUND REHABILITATION UPDATE
HALIFAX, NOVA SCOTIA – April 12 , 2022 – Silver Tiger Metals Inc. (TSXV:SLVR and
OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) has intersected 1,380.9 g/t AgEq over 0.5 meters
within a broader interval of 23.8 meters grading 113.3 g/t AgEq in the El Tigre Vein.
Highlights from initial 7 drill holes down dip under the El Tigre historic workings at the North end
include the following:
● Hole ET-21-295: 0.5 meters grading 1,380.9 g/t silver equivalent from 102.0 meters to 102.5
meters, consisting of 1,200.0 g/t silver, 2.12 g/t gold, 0.16% copper, 0.2 0% lead and 0.05 % zinc
within 23.8 meters grading 113.3 g/t silver equivalent from 80.0 meters to 103.8 meters,
consisting of 94.7 g/t silver, 0.19 g/t gold, 0.02% copper, 0.06% lead and 0.03% zinc
● Hole ET -21-285: 1.5 meters grading 844.5 g/t silver equivalent from 300.2 meters to 301.7
meters, consisting of 23.5 g/t silver, 10.70 g/t gold, 0.06% copper, 0.24% lead and 0.21 % zinc
within 10.2 meters grading 135.9 g/t silver equivalent from 298.7 meters to 308.9 meters,
consisting of 6.5 g/t silver, 1.63 g/t gold, 0.01% copper, 0.07% lead and 0.12% zinc
Additional results for the El Tigre Vein are presented in the Drill Hole Results table below along with the
details for the calculation of the silver equivalent grades.
Attached is a Plan Map of the El Tigre Veins and Drill Holes . A Plan Map of the 600 meter central
portion of the Sooy Vein, El Tigre Vein and Seitz Kelly Vein is also attached.
Silver Tiger’s CEO, Glenn Jessome, stated, “The first down dip holes on the El Tigre Vein at the h istoric
mine are delivering high gr ade silver intercepts within a broad mineralized zone. These first holes are
shallow as the mining on the northern end of the El Tigre Vein stopped at level 4 at about 80 meters from
surface. Deeper holes are currently being drilled down dip on the El Tigre Vein at the North end of the
historic mine.”
Underground Rehabilitation at Historic El Tigre Mine Update
As press released on February 22, 2022 Silver Tiger contracted Cominvi, a Mexican underground contract
mining and development company to rehabilitate the Historic El Tigre Mine. Cominvi began underground
rehabilitation March 21, 2022. Cominvi are progressing very quickly in the underground rehabilitation of
the Historic El Tigre Mine and have already completed over 215 meters of rehabi litation in Level 7 ,
which was the main portal to the mine.
Glenn Jessome further stated, “We are extremely satisfied with the first several weeks of Cominvi’s
underground rehabilitation of the old mine. Their expertise, professionalism a nd safety profile is
exceptional. The first 215 meters of rehabilitation has gone quickly and smoothly which is a testimony to
the structural integrity of the workings thus far. We expect to reach the Sooy Vein workings in another
255 meters, which is approximately 470 meters from the Level 7 portal.”
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-21-282 El Tigre
Au Zone
64.3 92.1 27.8 0.08 18.3 0.00 0.02 0.04 26.5
Mining
VOID
104.2 105.3 1.1 * * * * * *
El Tigre
Vein
105.3 106.3 1.0 0.09 158.0 0.05 0.76 0.06 189.3
El Tigre
Au Zone
128.5 154.5 26.0 0.06 24.7 0.00 0.02 0.01 30.0
ET-21-285 El Tigre
Vein
284.6 286.7 2.1 0.23 250.0 0.09 0.19 0.62 300.4
including 284.6 285.2 0.6 0.58 835.0 0.30 0.62 1.96 986.8
El Tigre
Vein
298.7 308.9 10.2 1.63 6.5 0.01 0.07 0.12 135.9
including 300.2 301.7 1.5 10.70 23.5 0.06 0.24 0.21 844.5
ET-21-291 El Tigre
Vein
232.7 233.9 1.2 0.04 103.9 0.24 0.06 0.55 150.1
El Tigre
Vein
251.9 252.4 0.5 0.02 156.9 0.08 0.75 0.22 191.5
El Tigre
Vein
265.7 267.1 1.4 0.16 52.6 0.16 0.94 0.11 105.9
ET-21-294 El Tigre
Au Zone
83.6 101.3 17.7 0.24 12.3 0.00 0.01 0.04 32.5
including 94.7 95.2 0.5 1.69 101.1 0.02 0.03 0.09 233.5
ET-21-295 El Tigre
Au Zone
57.0 73.0 16.0 0.25 11.2 0.00 0.03 0.04 32.0
El Tigre
Zone
80.0 103.8 23.8 0.19 94.7 0.02 0.06 0.03 113.3
including 101.5 103.8 2.3 0.94 541.9 0.09 0.15 0.07 626.3
El Tigre
Vein
102.0 102.5 0.5 2.12 1,200.0 0.16 0.20 0.05
1,380.9
and 117.7 129.5 11.8 0.06 34.4 0.01 0.02 0.01 40.6
ET-21-296 El Tigre
Vein
150.7 151.9 1.2 0.06 97.8 0.09 0.05 0.15 117.4
El Tigre
Vein
168.7 170.8 2.1 0.06 83.5 0.08 0.13 0.28 108.2
including 169.5 170.1 0.6 0.09 206.0 0.06 0.09 0.14 225.4
ET-21-297 El Tigre
Au Zone
6.1 55.0 48.9 0.27 11.3 0.00 0.01 0.02 32.6
including 14.0 20.5 6.5 0.69 3.6 0.00 0.00 0.01 56.1
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 Easting Northing Elevation Az Dip Length
ET-21-282 670937 3384920 1850.8 105 -40 369.1
ET-21-285 670736 3384878 1864.8 90 -40 396.5
ET-21-291 670791 3385077 1809.3 90 -63 305.0
ET-21-294 670971 3384781 1953.1 90 -30 227.2
ET-21-295 670938 3384920 1850.9 90 -40 384.3
ET-21-296 670780 3385102 1812.7 90 -42 289.8
ET-21-297 671059 3385138 1928.1 90 -50 332.5
Plan Map of the El Tigre Veins and Drill Holes
Plan Map of 600 Meters of the Sooy Vein, El Tigre Vein and Seitz Kelly Vein
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 Silver Tiger and 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 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. 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 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 than statements of hi storical 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 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.