Silver Tiger Intersects 6.3 Meters of 1,581.4 G/T Silver Equivalent Within 38.7 Meters of 438.9 G/T Silver Equivalent at the Southern End of the Sulphide Zone
NEWS RELEASE
SILVER TIGER INTERSECTS 6.3 METERS OF 1,581.4 g/t SILVER EQUIVALENT
WITHIN 38.7 METERS OF 438.9 g/t SILVER EQUIVALENT AT THE
SOUTHERN END OF THE SULPHIDE ZONE
HALIFAX, NOVA SCOTIA – May 4, 2023 – Silver Tiger Metals Inc. (TSXV:SLVR and OTCQX:SLVTF)
("Silver Tiger" or the “Corporation”) has intersected 1,581.4 g/t total silver equivalent over 6.3 meters in
the Sulphide Zone in Drill Hole ET-23-457 from 445.0 meters to 451.3 meters, consisting of 1,100.1 g/t
silver, 0.15 g/t gold, 0.87% copper, 5.10% lead and 8.01% zinc within 38.7 meters grading 438.9 g/t total
silver equivalent from 441.0 meters to 479.7 meters consisting of 297.5 g/t silver, 0.11 g/t gold, 0.28%
copper, 1.42% lead and 2.19% zinc in the Sulphide Zone.
Highlights from the on-going drilling program include the following:
● Hole ET-23-457: 3.4 meters grading 1,948.8 g/t total silver equivalent from 445.0 meters to
448.4 meters, consisting of 1,245.7 g/t silver, 0.13 g/t gold, 1.00% copper, 6.38% lead and 13.43%
zinc within 38.7 meters grading 438.9 g/t total silver equivalent from 441.0 meters to 479.7
meters consisting of 297.5 g/t silver, 0.11 g/t gold, 0.28% copper, 1.42% lead and 2.19% zinc in
the Sulphide 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-23-455 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
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, “The Sulphide Zone is alive and wide to the South. We
originally thought the Sulphide Zone was thinning after the initial few holes going south. We were wrong.
The team saw the geometry at the northern end of the Sulphide Zone forming and projected that to the
southern end and drilled to intersect down deeper and east along plan and the first two Holes 455 and 457
nailed it.” Mr. Jessome continued: “With these holes we have added an additional 100 metres of down dip
extent to east from Hole 428 to 457 and what we thought was a thin zone of a little over a meter went to
almost 39 meters of high grade mineralization. Step out drilling now continues south.”
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-22-431 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
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 (“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 Plan, Sulphide Zone—Cross Section 4815N, 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 4815N
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
Hole ID Easting Northing Elevation (m) Azimuth Dip Length (m)
ET-23-455 670704.1 3384823.0 1873.9 89 -65 530
ET-23-457 670703.8 3384822.8 1874.0 93 -65 536
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 450 meters of
rehabilitation in Level 7, which was the main portal to the mine. Silver Tiger is still on schedule to reach
the Sooy Vein and then begin underground drilling of this newly discovered wide high grade Sulphide Zone
under the Northern end of the unmined portion of the Historic El Tigre Mine.
El Tigre Resource Estimate