Silver Tiger Intersects Multi-Kilogram Silver Mineralization IN Drill Holes 219 and 217 Located 250 and 1,025 Meters South of Discovery Hole 202
NEWS RELEASE
SILVER TIGER INTERSECTS MULTI-KILOGRAM SILVER MINERALIZATION
IN DRILL HOLES 219 AND 217 LOCATED 250 AND 1,025 METERS SOUTH
OF DISCOVERY HOLE 202
HALIFAX, NOVA SCOTIA – April 20, 2021 – Silver Tiger Metals Inc. (TSXV:SLVR and
OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) has intersected 0.5 meters grading 4,668.5 g/t
silver equivalent within 11.8 meters grading 325.0 g/t silver equivalent in the Sooy in Drill Hole ET-
21-219. This hole was drilled on Section 4650N to test the Sooy Vein 250 meters to the south along strike
from Discovery Hole ET-20-202 (see Silver Tiger press release dated February 2, 2021) . Also, drill hole
ET-21-217, located 1,025 meters to the south of Discovery Hole ET -20-202, intersected 0.5 meters
grading 2,693.6 g/t silver equivalent within 7.3 meters grading 221.2 g/t silver equivalent. See attached
Plan Map.
Highlights from recent drilling of the Sooy Vein include the following:
• Hole ET 21 -219: 0.5 meters grading 4,668.5 g/t silver equivalent from 190.3 meters to 190.8
meters, consisting of 4,375.0 g/t silver, 0.49 g/t gold, 0.88% copper, 2.0% lead and 3.57% zinc
within 11.8 meters grading 325.0 g/t silver equivalent from 179.0 meters to 190.8 me ters,
consisting of 288.3 g/t silver, 0.29 g/t gold, 0.05% copper, 0.11% lead and 0.20% zinc.
• Hole ET-21-217: 0.5 meters grading 2,693.6 g/t silver equivalent from 109.0 meters to 109.5
meters consisting of 2,595.0 g/t silver, 0.66 g/t gold, 0.41% copper, 0.26% lead and 0.05% zinc
within 7.3 meters grading 221.2 g/t silver equivalent from 103.7 meters to 111.0 meters,
consisting of 210.5 g/t silver, 0.08 g/t gold, 0.04% copper, 0.03% lead and 0.01% zinc
• Hole ET 21 -215: 1.1 meters grading 1,110.6 g/t silver equivalent from 226.5 meters to 229.6
meters (excluding a 2 meter void), consisting of 960.9 g/t silver, 0.39 g/t gold. 0.78% copper and
1.79% lead within 10.1 meters grading 210.6 g/t silver equivalent consisting of 167.3 g/t silver,
0.26 g/t gold, 0.15% copper and 0.36% lead.
• Hole ET-21-216: 0.6 meters grading 1,720.7 g/t silver equivalent from 214.5 meters to 215.0
meters, consisting of 1,608.0 g/t silver, 0.24 g/t gold, 0.19% copper, 0.32% lead and 2.01% zinc
within 3.5 meters grading 260.5 g/t silver equivalent from 214.5 meters to 218.0 meters ,
consisting of 239.2 g/t silver, 0.08 g/t Au, 0.03% copper, 0.06% lead and 0.32% zinc.
Additional results are presented in the Drill Hole Results table along with the details for the calculation of
the silver equivalent grades.
See attached El Tigre Cross Sections 4650N, 4750N and 3875N. A Plan Map of Five Kilometers of the El
Tigre Veins and Drill Holes is also attached.
Silver Tiger’s CEO, Glenn Jessome, stated, “Step out drilling to the south on the Sooy Vein continues to
deliver consistent high grade silver results. Drill hole 219 is located 250 meters south of Discovery Hole
202, which was press released in February 2021 , and drill hole 217 is located a further 775 meters to the
south of hole 219.” Mr. Jessome further commented, “These recent drill intercepts coupled with the recently
announced high grade silver drill intercepts in the Benjamin Vein, 1.2 kilometers to the north of Discovery
Hole 202, provide multiple pierce points over 2.2 kilometers on the Sooy Vein . We now believe the
Benjamin Vein is the northern extension of the prolific Sooy Vein.”
As previously reported, Discovery Drill Hole ET-20-202 intersected 11.75 meters grading 667.9 g/t silver
equivalent within 22.2 meters grading 381.9 g/t silver equivalent approximately 12 meters beyond the
footwall of the Sooy Vein. Drill Hole 202 was dri lled to test the down dip potential of the Sooy Vein
targeting just under the lowest mine level approximately 150 meters from surface where mining ceased
abruptly with the onset of the Great Depression in 1930. Drill Hole 202 passed through mine workings on
the Sooy Vein as it was not targeted deep enough below the workings. The technical team opted to continue
drilling beyond the footwall of the Sooy Vein and discovered a new style of wide high grade mineralization
in the Flat Formation that is not the t raditional quartz vein ore that had been previously mined at El Tigre
(refer to Silver Tiger press release dated February 2, 2021).
The discovery of the Benjamin Vein was press released on January 21, 2021 with drill hole ET -20-193
intersecting 3.0 meters of 1,310.1 g/t silver equivalent. Drill hole ET-20-193 is located approximately 900
meters north of the historic El Tigre mine workings. Additional high grade silver intercepts in the area
between the northern extent of the old El Tigre Mine and drill hol e ET-20-193 were reported in the press
release dated April 6, 2021.
Drill Hole Results Table
Hole ID Comment From To Length(1) Gold Silver Copper Lead Zinc
AgEq
Total
m m m g/t g/t % % % g/t
ET-21-214 Sooy Vein 303.1 314.2 8.4 0.15 14.7 0.01 0.12 0.08 32.0
and 334.7 335.3 0.6 0.08 279.0 0.09 0.38 0.16 307.8
ET-21-215 Sooy Vein (3) 224.5 236.6 10.1 0.26 167.3 0.15 0.36 0.00 210.6
including (3) 226.5 229.6 1.1 (3) 0.39 960.9 0.78 1.79 0.00 1,110.6
ET-21-216 Sooy Vein 214.5 218.0 3.5 0.08 239.2 0.03 0.06 0.32 260.5
including 214.5 215.0 0.5 0.24 1,608.0 0.19 0.32 2.01 1,720.7
and 276.8 280.5 3.7 0.17 98.3 0.06 0.14 0.55 139.0
including
279.0 279.5 0.5 0.65 412.0 0.27 0.81 2.93 605.6
ET-21-217 Sooy Vein 103.7 111.0 7.3 0.08 210.5 0.04 0.03 0.01 221.2
including 108.9 109.5 0.5 0.66 2,595.0 0.41 0.26 0.05 2,693.6
ET-21-218
Results
pending
ET-21-219 Sooy Vein 179.0 190.8 11.8 0.29 288.3 0.05 0.11 0.20 325.0
including 186.9 190.8 4.0 0.11 648.8 0.14 0.28 0.55 696.2
including 190.3 190.8 0.5 0.49 4,375.0 0.88 2.00 3.57 4,668.5
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.
3. Excludes a 2.0 meter void.
Drill Hole Location Table
Hole ID Section Easting Northing Elevation Az Dip Length
ET-21-214 3875 670889 3383877 1823 49 -30 378.2
ET-21-215 4750 670726 3384750 1905 90 -68 252.5
ET-21-216 4650 670703 3384651 1922 94 -61 311.1
ET-21-217 3825 670883 3383820 1818 61 -30 213.5
ET-21-218 3550 670774 3383556 1802 66 -30 454.5
ET-21-219 4650 670703 3384651 1922 90 -57 311.1
El Tigre Cross Section 4650N
El Tigre Cross Section 3875N
El Tigre Cross Section 4750N
Plan Map of Five Kilometers 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 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 1.5 kilometer portion of the southe rn 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
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