Silver Tiger Intersects 2.0 Meters of 1,156.4 G/T Silver Equivalent Within 17.9 Meters of 425.9 G/T Silver Equivalent IN the Sulphide Zone
NEWS RELEASE
SILVER TIGER INTERSECTS 2.0 METERS OF 1,156.4 g/t SILVER EQUIVALENT
WITHIN 17.9 METERS OF 425.9 g/t SILVER EQUIVALENT
IN THE SULPHIDE ZONE
HALIFAX, NOVA SCOTIA – April 4 , 2023 – Silver Tiger Metals Inc. (TSXV:SLVR and
OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) has intersected 1,156.4 g/t total silver equivalent
over 2.0 meters in the Sulphide Zone in Drill Hole ET -23-446 from 390.5 meters to 392.5 meters,
consisting of 666.2 g/t silver, 0.17 g/t gold, 0.93% copper, 4.26% lead and 8.67% zinc within 17.9 meters
grading 425.9 g/t total silver equivalent from 382.8 meters to 400.7 meters consisting of 200.7 g/t silver,
0.19 g/t gold, 0.42% copper, 2.23% lead and 3.55% zinc in the Sulphide Zone.
Highlights from the on-going drilling program include the following:
● Hole ET-23-445: 1.6 meters grading 1,269.6 g/t total silver equivalent from 467.0 meters to
468.6 meters, consisting of 441.7 g/t silver, 0.59 g/t gold, 2.14% copper, 7.58% lead and 12.0%
zinc within 9.6 meters grading 364.6 g/t total silver equivalent from 465.0 meters to 474.6
meters consisting of 115.1 g/t silver, 0.24 g/t gold, 0.58% copper, 1.98% lead and 3.88% zinc in
the Sulphide Zone.
● Hole ET-23-448: 1.0 meters grading 1,285.5 g/t total silver equivalent from 254.9 meters to
255.9 meters, consisting of 1,194.5 g/t silver, 0.04 g/t gold, 0.84% copper, 0.03% lead and 0.19%
zinc within 4.9 meters grading 521.7 g/t total silver equivalent from 253.0 meters to 257.9
meters consisting of 484.8 g/t silver, 0.03 g/t gold, 0.33% copper, 0.01% lead and 0. 08% zinc in
the El Tigre Vein Zone.
Drill Hole Results Table
Hole ID
Comment
From
m
To
m
Length (1)
m
Gold
g/t
Silver
g/t
Copper
%
Lead
%
Zinc
%
AgEq Total (2)
g/t
ET-23-445 Sulphide
Zone
397.7 400.8 3.1 0.24 129.6 0.16 0.81 1.97 246.8
including 399.1 399.9 0.8 0.17 305.0 0.31 1.69 4.83 547.5
Sulphide
Zone
465.0 474.6 9.6 0.24 115.1 0.58 1.98 3.88 364.6
including 467.0 468.6 1.6 0.59 441.7 2.14 7.58 12.00 1,269.6
including 468.1 468.6 0.5 0.52 857.0 1.74 6.44 14.60 1,700.0
ET-23-446 Sulphide
Zone
382.8 400.7 17.9 0.19 200.7 0.42 2.23 3.55 425.9
including 390.5 392.5 2.0 0.17 666.2 0.93 4.26 8.67 1,156.4
including 394.6 397.0 2.4 0.31 427.6 0.66 4.03 5.05 777.4
including 394.6 395.1 0.5 0.48 804.0 1.22 3.99 0.57 1,071.5
ET-23-447 Sooy Vein
Zone
237.5 240.1 2.6 0.02 264.7 0.16 0.01 0.03 282.4
including 237.5 238.5 1.0 0.02 573.0 0.35 0.01 0.07 610.5
El Tigre
Vein Zone
311.0 312.0 1.0 0.08 1,689.2 0.80 0.08 0.18 1,780.2
including 311.5 312.0 0.5 0.16 3,351.0 1.59 0.13 0.33 3,530.4
ET-23-448 El Tigre
Vein Zone
253.0 257.9 4.9 0.03 484.8 0.33 0.01 0.08 521.7
including 254.9 255.9 1.0 0.04 1,194.5 0.84 0.03 0.19 1,285.5
including 254.9 255.4 0.5 0.05 1,560.0 1.14 0.04 0.27 1,683.6
ET-23-449 Sooy Vein
Zone
305.7 306.6 0.9 0.01 345.0 0.18 0.00 0.12 367.6
El Tigre Vein
Zone
451.5 452.1 0.6 0.05 18.6 0.03 0.80 1.53 95.3
ET-23-450 El Tigre Vein
Zone
267.4 268.5 1.1 0.20 135.0 0.49 0.19 1.37 246.5
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.
Silver Tiger’s CEO, Glenn Jessome, stated, “These next drill holes through the Sulphide Zone have
extended the strike length another 25 meters to the North with consistent high -grade widths similar to
previous Sulphide Zone holes. Drilling on the Sulphide Zone continues to step out along strike to the North
and South.” Mr. Jessome further stated “The first 26 drill holes in the newly discovered Sulphide Zone
indicate wide zones of high-grade mineralization varying from 10 meters up to 50 meters with grades from
300 grams per ton to over 1 k ilogram per ton silver equivalent. This adds the potential for underground
bulk tonnage at exceptional grades.”
Drill Holes Previously Released from the Sulphide Zone.
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-22-443
Sulphide
Zone 362.8 367.5 4.7 0.11 419.8 0.45 0.26 0.42 491.4
including 365.2 366.3 1.1 0.29 901.0 1.00 0.84 1.05 1,073.3
Sulphide
Zone 418.6 456.4 37.8 0.19 171.7 0.39 1.85 3.67 388.8
including 441.0 444.3 3.3 0.19 633.8 1.04 4.80 11.38 1,239.0
including 443.2 444.3 1.1 0.18 977.0 1.65 4.79 12.32 1,671.5
ET-22-441
Sulphide
Zone 415.3 435.3 20.0 0.35 369.0 0.85 4.11 8.15 845.1
including 432.5 434.5 2.0 0.20 1,255.7 2.02 12.67 26.87 2,656.0
including 432.5 433.8 1.3 0.21 1,484.1 2.71 14.67 29.82 3,097.9
ET-22-440
Sulphide
Zone 377.1 434.3 57.2 0.20 231.5 0.41 0.71 1.02 336.2
Sulphide
Zone 397.9 434.3 36.4 0.25 314.6 0.58 0.90 1.40 457.2
including 421.7 424.5 2.8 0.21 1,986.3 4.02
3.94 5.64 2,668.8
including 421.7 423.2 1.5 0.25 2,714.0 5.41 0.08 1.04 3,289.9
including 422.5 423.2 0.7 0.26 3,054.0 7.28 0.09 1.37 3,822.4
ET-22-438 HW Gold
Zone
9.2 52.7 43.5 0.16 18.7 0.00 0.01 0.01 31.3
including 29.0 29.6 0.6 2.26 566.0 0.02 0.02 0.02 739.5
Sooy Vein
Zone
321.3 324.5 3.2 0.52 300.5 0.18 0.73 0.33 384.8
including 322.1 323.0 0.9 1.51 773.0 0.48 2.08 0.77 1,006.7
Sulphide
Zone
393.5 413.0 19.5 0.27 408.4 0.53 0.88 0.83 527.5
including 394.8 398.5 3.7 0.24 879.4 0.76 0.86 1.36 1,035.8
including 396.0 396.5 0.5 0.62 2,796.0 1.75 1.85 4.16 3,193.1
including 403.8 411.8 8.0 0.51 564.3 0.90 1.68 1.31 771.9
including 406.3 407.0 0.7 1.47 1,148.0 1.40 1.52 0.71 1,452.3
ET-22-434 HW Gold
Zone
6.5 15.0 8.5 0.39 96.7 0.01 0.08 0.01 129.8
including 10.1 11.6 1.5 2.04 336.0 0.02 0.17 0.04 496.6
Sooy Vein
Zone
184.6 197.6 13.0 0.16 172.5 0.36 2.08 2.56 354.0
including 190.6 195.8 5.2 0.19 326.4 0.84 4.89 5.97 734.8
including 192.3 194.4 2.1 0.24 496.1 1.76 7.17 8.62 1,139.2
Sulphide
Zone
306.7 313.3 6.6 0.11 376.8 0.32 0.14 0.09 421.9
including 311.3 313.3 2.0 0.20 1,116.5 0.89 0.20 0.11 1,225.9
including 312.3 313.3 1.0 0.25 1,859.0 1.44 0.33 0.19 2,030.4
Sulphide
Zone
361.7 381.6 19.9 0.22 605.6 1.13 4.04 7.43 1,072.9
including 370.1 380.6 10.5 0.20 914.0 1.68 5.92 12.42 1,642.4
including 359.0 360.2 1.2 0.19 1,345.0 1.57 2.10 0.83 1,587.4
ET-22-433 HW Gold
Zone
0.0 14.2 14.2 0.10 56.9 0.01 0.04 0.01 66.8
Sooy Vein
Zone
190.9 201.9 11.0 0.29 165.4 0.16 1.43 4.42 382.5
including 193.6 198.4 4.8 0.41 369.9 0.35 3.19 9.96 840.2
including 194.7 195.8 1.1 0.12 634.5 0.57 4.68 18.48 1,422.5
Sulphide
Zone
330.5 374.9 44.4 0.16 508.2 0.55 1.76 3.17 720.5
including 332.9 337.9 5.0 0.17 1,431.8 1.41 2.47 6.27 1,846.8
including 335.5 336.1 0.6 0.18 3,225.0 4.19 5.34 15.59 4,285.5
including 364.5 370.5 6.0 0.20 1,354.4 1.57 6.10 10.86 2,025.5
including 366.8 367.8 1.0 0.19 2,371.5 3.07 10.00 17.81 3,508.8
ET-22-432 HW Gold
Zone
4.6 14.0 9.4 0.10 39.0 0.01 0.02 0.02 48.5
Sooy Vein
Zone
191.2 201.6 10.4 0.16 399.0 0.43 2.84 5.16 690.6
including 195.6 197.7 2.1 0.24 1,153.6 1.29 9.76 16.82 2,084.8
Sulphide
Zone
348.4 383.2 34.8 0.13 257.4 0.47 1.18 2.02 407.4
including 372.4 380.6 8.2 0.13 956.6 1.69 3.58 7.01 1,446.2
including 378.5 380.6 2.1 0.17 1,663.5 4.32 6.28 11.50 2,622.5
ET-431 HW Gold
Zone
10.1
46.5
36.4
0.13
41.9
0.00
0.01
0.01
52.6
including
10.1
11.6
1.5
0.11
731.0
0.00
0.05
0.00
740.9
Sooy Vein
Zone
83.9
86.7
2.8
0.59
137.4
0.03
0.19
0.24
196.5
339.5
342.6
3.1
0.06
211.5
0.08
0.02
0.03
225.2
El Tigre
Vein
409.1
418.5
9.4
0.19
641.3
0.65
3.32
6.51
1,013.3
including
413.5
415.6
2.1
0.19
1,536.1
1.62
7.71
13.66
2,341.9
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.
Attached as illustrations are the Sulphide Zone Plan, Sulphide Zone—Cross Section 4965N, El Tigre –
Conceptual Cross Section, El Tigre—Conceptual Long Section, and El Tigre Long Section Showing
Exploration Potential.
Sulphide Zone Plan
Sulphide Zone—Cross Section 4965N
El Tigre – Conceptual Cross Section Showing Mineralization Styles
El Tigre—Conceptual Long Section Showing Mineralization Styles
El Tigre—Long Section Showing Exploration Potential
Drill Hole Location Table
Underground Rehabilitation at Historic El Tigre Mine Update
As previously announced Silver Tiger has contracted Cominvi , a Mexican underground contract mining
and development company to rehabilitate the Historic El Tigre Mine. Cominvi are progressing well in the
underground rehabilitation of the Historic El Tigre Mine and have already completed over 450 meters of
rehabilitation in Level 7, which was the main portal to the mine. Silver Tiger is still on schedule to reach
Hole ID Easting Northing Elevation (m) Azimuth Dip Length (m)
ET-23-445 670715 3384958 1834.1 93 -60 503.3
ET-23-446 670715 3384959 1834.0 87 -60 509.4
ET-23-447 670780 3385123 1813.4 90 -65 335.0
ET-23-448 670703 3385094 1775.3 90 -45 317.0
ET-23-449 670711 3384956 1834.4 83 -59 477.1
ET-23-450 670718 3385073 1775.6 90 -45 313.4