SLVR.TO · 2023-08-15 12:00:00

Silver Tiger Intersects 3.3 Meters of 1,153.6 G/T Silver Equivalent Within 10.5 Meters of 443.9 G/T Silver Equivalent at the Southern End of the Sulphide Zone

Drill Results

NEWS RELEASE

SILVER TIGER INTERSECTS 3.3 METERS OF 1,153.6 g/t SILVER EQUIVALENT

WITHIN 10.5 METERS OF 443.9 g/t SILVER EQUIVALENT AT THE

SOUTHERN END OF THE SULPHIDE ZONE

HALIFAX, NOVA SCOTIA – August 15, 2023 – Silver Tiger Metals Inc. (TSXV:SLVR and

OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) has intersected 1,153.6 g/t total silver equivalent

over 3.3 meters in the Sulphide Zone in Drill Hole ET -23-462 from 520.5 meters to 523.8 meters,

consisting of 378.7 g/t silver, 6.17 g/t gold, 0.31% copper, 3.10% lead and 6.31% zinc within 10.5 meters

grading 443.9 g/t total silver equivalent from 513.3 meters to 523.8 meters consisting of 1.51.5 g/t silver,

1.98 g/t gold, 0.14% copper, 1.39% lead and 2.95% zinc in the Sulphide Zone. These high-grade intercepts

have tripled the known strike length of the Sulphide Zone, bringing the originally indicated 250 meters of

strike extent to more than 750 meters.

Highlights from the drilling program include the following:

● Hole ET-23-456: 0.8 meters grading 1,452.0 g/t total silver equivalent from 284.1 meters to

284.9 meters, consisting of 1,135.0 g/t silver, 0.48 g/t gold, 1.57% copper, 2.76% lead and 1.63%

zinc within 4.7 meters grading 446.2 g/t total silver equivalent from 280.8 meters to 285.5 meters

consisting of 344.3 g/t silver, 0.15 g /t gold, 0.44% copper, 0.65% lead and 0.99% zinc in the

Sulphide Zone.

Drill Hole Results Table

Hole ID

Comment

From

Length (1)

Gold

g/t

Silver

g/t

Copper

Lead

Zinc

AgEq Total (2)

g/t

ET-23-454 Sooy Vein 295.0 298.0 3.0 0.02 66.0 0.08 0.41 0.68 107.4

including 295.0 296.0 1.0 0.01 178.0 0.22 1.00 1.66 278.7

Sulphide

Zone

311.9 322.5 10.7 0.06 73.8 0.08 0.48 0.53 114.6

including 311.9 314.7 2.8 0.06 174.0 0.20 1.33 1.56 281.0

including 312.4 314.7 2.3 0.06 190.9 0.22 1.39 1.65 304.3

including 313.5 314.7 1.2 0.06 157.5 0.19 0.37 0.49 204.9

including 320.5 322.5 2.0 0.08 128.1 0.12 0.33 0.29 163.0

including 322.0 322.5 0.6 0.12 344.0 0.31 0.50 0.59 414.3

ET-23-456 Sulphide

Zone

280.8 285.5 4.7 0.15 344.3 0.44 0.65 0.99 446.2

including 282.5 284.9 2.4 0.24 653.1 0.85 1.26 1.94 847.4

including 284.1 284.9 0.8 0.48 1,145.0 1.57 2.76 1.63 1,452.0

ET-23-460 El Tigre Vein

Zone

403.7 404.2 0.6 0.22 30.4 0.03 1.75 1.68 146.8

Sulfide Zone 616.7 617.3 0.5 0.26 1,294.0 0.62 3.76 6.30 1,670.4

ET-23-462 Sulphide

Zone

385.8 389.2 3.4 1.57 592.2 0.08 0.41 0.68 107.4

including 386.5 387.3 0.8 2.94 686.0 0.21 0.43 5.91 1,132.8

Sulphide

Zone

513.3 523.8 10.5 1.98 151.5 0.14 1.39 2.95 443.9

including 513.3 515.1 1.8 0.11 142.2 0.13 1.62 4.26 342.6

including 518.5 523.8 5.3 3.87 248.7 0.22 2.19 4.37 756.8

including 520.5 523.8 3.3 6.17 378.7 0.31 3.10 6.31 1,153.6

including 523.2 523.8 0.5 2.96 773.0 0.33 4.94 8.38 1,421.3

including 520.5 521.5 1.0 17.52 582.5 0.34 2.64 6.75 2,215.8

including 520.5 521.0 0.5 34.00 721.0 0.23 3.10 7.70 3,622.0

ET-23-473 Sooy Vein 323.7 327.7 4.0 0.11 785.9 0.68 0.56 1.34 916.7

including 323.7 326.0 2.3 0.15 1,298.9 1.12 0.93 2.07 1,508.7

including 323.7 324.3 0.6 0.10 3,950.0 3.67 3.23 7.32 4,630.6

ET-23-474 Sooy Vein 263.6 264.4 0.8 0.16 1,549.0 1.73 0.25 0.72 1,757.1

Deep

Sulphide

Zone

490.0 493.7 3.6 0.10 34.0 0.11 0.75 1.48 119.1

including 490.0 492.4 2.4 0.12 47.9 0.13 1.00 2.02 159.8

including 491.6 492.4 0.8 0.13 63.3 0.13 1.19 1.99 179.9

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.

Silver Tiger’s CEO, Glenn Jessome, stated, “With further targeted drilling, the team has extended the high-

grade Ag-Au-Cu-Zn-Pb Sulphide Zone 125 meters to the North and 375 meters to the South. These new

drilling results have successfully tripled the known strike length of the Sulphide Zone, bringing the

originally indicated 250 meters of strike extent to more than 750 meters.” Mr. Jessome further stated “This

steeply dipping body with true widths ranging from 2 to 25 meters and a down-dip extent ranging from 200

to 500 meters is open at depth and laterally, leaving significant potential for growth.”

Drill Holes Previously Released from the Sulphide Zone.

Hole ID

Comment

From

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-22-431 HW Gold

Zone

10.1

46.5

36.4

0.13

41.9

0.00

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

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

ET-23-455 Sooy Vein 272.0 273.5 1.5 0.04 147.0 0.07 0.01 0.04 158.4

Sulphide Zone 468.8 481.2 12.4 0.14 97.8 0.13 0.93 1.78 201.9

including 468.8 474.7 5.9 0.12 201.1 0.24 1.92 3.69 401.5

including 470.3 474.1 3.8 0.10 292.5 0.34 2.70 5.26 570.8

including 472.3 473.5 1.2 0.12 436.4 0.50 3.32 6.66 792.7

ET-23-457 Sulphide

Zone

441.0 479.7 38.7 0.11 297.5 0.28 1.42 2.19 438.9

including 441.0 456.8 15.8 0.17 692.6 0.60 2.99 4.61 986.8

including 445.0 451.3 6.3 0.15 1,100.1 0.87 5.10 8.01 1,581.4

including 445.0 448.4 3.4 0.13 1,245.7 1.00 6.38 13.43 1,948.8

including 447.8 448.4 0.6 0.15 1,943.0 1.58 7.29 10.95 2,642.2

ET-23-463 Open Pit

Gold Zone

83.0 119.0 36.0 0.95 1.7 0.00 0.01 0.01 73.4

including 84.1 90.5 6.4 2.79 1.9 0.00 0.01 0.01 211.8

including 89.0 90.5 1.5 7.18 4.8 0.01 0.01 0.01 544.2

Sulphide

Zone

461.0 470.9 9.9 0.13 609.7 0.61 0.41 0.70 711.2

including 462.6 468.8 6.2 0.18 827.3 0.83 0.56 0.87 962.8

including 462.6 463.3 0.7 0.19 1,431.0 2.08 0.48 1.69 1,712.7

including 466.1 468.8 2.7 0.14 1,089.2 1.01 0.96 1.47 1,268.6

including 466.1 468.1 2.0 0.14 1,165.6 1.04 0.85 0.51 1,313.3

El Tigre Vein

Zone

482.6 486.6 4.0 0.17 212.7 0.24 1.70 1.40 334.8

including 482.6 485.8 3.2 0.18 243.3 0.27 2.02 1.63 385.2

ET-23-464 HW Gold

Zone

487.0 490.0 3.0 0.04 63.1 0.08 0.24 0.03 80.5

including 488.3 489.0 0.7 0.04 167.0 0.18 0.62 0.06 204.0

HW Gold

Zone

497.0 509.0 12.0 0.07 31.1 0.13 0.48 0.37 72.4

including 497.0 500.0 3.0 0.08 69.2 0.09 0.73 1.16 139.9

Sulphide

Zone

538.0 551.9 13.9 0.23 27.4 0.02 1.16 6.22 280.5

including 541.5 548.2 6.7 0.33 43.1 0.03 1.72 11.61 495.9

including 547.0 547.7 0.7 0.21 38.9 0.04 2.55 24.64 936.4

and 565.1 568.2 3.1 0.26 14.4 0.02 0.18 0.71 63.8

Notes: 1. Not true width.

2. Silver Equivalent (“AgEq”) 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 Long Section, Sulphide Zone—Cross Section 4490N,

Sulphide Zone-Cross Section 5015N, El Tigre – Conceptual Cross Section, El Tigre—Conceptual Long

Section, and El Tigre Long Section Showing Exploration Potential.

Sulphide Zone Long Section

Sulphide Zone—Cross Section 4490N

← Back to feed