Silver Tiger Intersects 2,564.9 G/T Ageq over 0.5 Meters Within a Broader Interval of 4.9 Meters Grading 281.3 G/T Ageq IN the Sooy Vein
NEWS RELEASE
SILVER TIGER INTERSECTS 2,564.9 g/t AgEq OVER 0.5 METERS WITHIN A BROADER
INTERVAL OF 4.9 METERS GRADING 281.3 g/t AgEq IN THE SOOY VEIN
HALIFAX, NS / ACCESSWIRE / June, 14 2022 / Silver Tiger Metals Inc.
(TSXV:SLVR)(OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) has intersected 2,564.9 g/t silver
equivalent over 0.5 meters in the Sooy Vein in Drill Hole ET-21-300 from 128.5 meters to 129.0 meters
within a broader mineralized interval of 4.9 meters grading 281.3 g/t silver equivalent from 124.1 meters
to 129.0 meters.
Highlights from the on-going drilling program include the following:
● Hole ET-21-300: 0.5 meters grading 2,564.9 g/t silver equivalent from 128.5 meters to 129.0
meters, consisting of 2,230.0 g/t silver, 0.24 g/t gold, 2.85% copper, 0.72% lead and 0.76% zinc
within 4.9 meters grading 281.3 g/t silver equivalent from 124.1 meters to 129.0 meters,
consisting of 239.1 g/t silver, 0.06 g/t gold, 0.30% copper, 0.14% lead and 0.16% zinc
● Hole ET-21-289: 0.6 meters grading 1,285.6 g/t silver equivalent from 173.3 meters to 173.9
meters, consisting of 901.0 g/t silver, 0.12 g/t gold, 0.61% copper, 3.14% lead and 7.32% zinc
Additional results for the Sooy Vein are presented in the Drill Hole Results table below along with the
details for the calculation of the silver equivalent grades.
Attached is El Tigre Cross Section 5100N detailing Drill Holes ET-21-300 and ET-21-305. Also attached
is a Plan Map of the 600 meter central portion of the Sooy Vein and a Plan Map of the El Tigre Veins and
Drill Holes.
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 M ine and have already completed over 3 70 meters of
rehabilitation in Level 7, which was the main portal to the mine. Completed rehabilitation is currently less
than 100 meters from the Sooy Vein. Cominvi is also currently completing the scaling, rock bolti ng and
installation of mesh screen to safely secure the entrance above and around the Level 7 portal.
Silver Tiger’s CEO, Glenn Jessome, stated, “Step out drill holes from surface along strike North and South
on the Sooy Vein continue to deliver high grade silver intercepts.” Mr. Jessome further stated, “Our initial
surface drilling discovered high grade zones of quartz vein and black shale. As we rehabilitate the historic
El Tigre Mine to develop underground drill stations to increase drilling precision and reduce costs with
shorter holes to define these high grade zones, the rehabilitation also provides mine development for the
potential future mining of these same high grade zones.”
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-21-289 Sooy Vein 173.3 173.9 0.6 0.12 901.0 0.61 3.14 7.32 1,285.6
ET-21-300 Sooy Vein
Zone
124.1 129.0 4.9 0.06 239.1 0.30 0.14 0.16 281.3
including 128.5 129.0 0.5 0.24 2,230.0 2.85 0.72 0.76 2,564.9
ET-21-304 234.0 235.5 1.5 1.14 0.6 0.01 0.01 0.01 86.8
ET-21-305 Sooy Vein 18.3 48.2 29.9 0.04 88.9 0.00 0.06 0.01 94.3
including 27.4 30.5 3.1 0.03 279.0 0.00 0.03 0.00 282.3
234.8 235.6 0.8 0.05 529.0 0.41 0.32 0.20 586.7
271.0 271.9 0.9 0.03 85.9 0.11 0.13 0.03 102.8
ET-21-312 4.5 7.0 2.5 0.03 32.6 0.00 0.02 0.00 35.6
153.8 154.3 0.5 0.06 40.6 0.04 0.31 0.49 72.2
ET-21-320 Sooy Vein
Zone
21.5 58.6 37.1 0.03 24.5 0.00 0.02 0.01 27.8
including 27.5 29.0 1.5 0.02 122.0 0.00 0.03 0.00 124.5
ET-21-321 Sooy Vein
Zone
68.3 77.3 9.0 0.10 50.1 0.02 0.04 0.05 62.1
including 68.3 69.3 1.0 0.31 248.0 0.11 0.27 0.25 296.6
and 229.3 229.8 0.5 0.02 124.0 0.12 0.35 0.03 145.9
ET-21-322 Sooy Vein
Zone
6.1 33.6 27.5 0.51 10.1 0.00 0.01 0.01 49.5
Including 25.8 27.1 1.3 2.97 35.1 0.01 0.02 0.02 260.1
2nd 56.0 57.5 1.5 0.03 99.0 0.01 0.02 0.03 103.1
and 104.4 107.4 3.0 0.06 117.1 0.01 0.01 0.00 122.8
281.0 282.0 1.0 0.02 199.0 0.12 0.05 0.04 214.7
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
Hole ID Easting Northing Elevation Az Dip Length
ET-21-289 670792 3385077 1809.4 90 -43 320.3
ET-21-300 670780 3385102 1812.6 90 -30 269.9
ET-21-304 670825 3385024 1799.1 90 -30 259.3
ET-21-305 670779 3385102 1812.5 90 -61 330.1
ET-22-312 670833 3385283 1834.8 95 -42 198.3
ET-22-320 670776 3385113 1812.9 90 -42 155.6
ET-22-321 670833 3385283 1834.8 96 -64 262.3
ET-22-322 671059 3385138 1927.9 84 -57 332.5
El Tigre Cross Section 5100N (Drill Hole ET-21-300 and ET-21-305)
Plan Map of 600 Meters of the Sooy Vein
Plan Map of the 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 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.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 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. Under ground 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 miner alized 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 z ones 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 model s 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 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
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 ab ility 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 othe r 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, co mmodity 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.
SOURCE: Silver Tiger Metals Inc.