Silver Tiger Provides Exploration Update for its El Tigre Property in Sonora, Mexico
NEWS RELEASE
Silver Tiger Provides Exploration Update for its
El Tigre Property in Sonora, Mexico
HALIFAX, NOVA SCOTIA – September 10 , 2020 – Silver Tiger Metals Inc. (TSXV:SLVR and
OTCQB:SLVTF) (" Silver Tiger " or the “ Corporation”) provides the following update on ongoing
exploration at its wholly-owned El Tigre Silver Project located in Sonora, Mexico.
The Silver Tiger exploration team are currently diamond drilling HQ core with two drill rigs targeting the
3 kilometers of vein extensions north of the historic El Tigre Mine. The drilling program is focused on the
Caleigh, the Protectora and the Fundadora vein s, all of which outcrop on surface and are exposed in
exploration drifts in the three kilometers north of the historic El Tigre Mine (see Appendix A - Location
Map showing Silver Tiger’s most recent Northern drill results and underground channel samples.)
Silver Tiger CEO, Glenn Jessome states, “ I am proud of our team on the ground in Mexico who have
worked so hard since returning to El Tigre in June to implement strict Covid 19 protocols so that we have
been able to safely resume drilling. The $11 million we raised from institutional investors i n July gives
us a runway to drill the next 25,000 meters at El Tigre. The team is excited to have the initial two drills
turning so we can follow up on our high grade silver discovery holes drilled in the Caleigh and Protectora
veins.”
Previous Silver Tiger Drill Holes in Northern Veins
Silver Tiger’s limited drilling in these vein extensions located north of the historic El Tigre Mine
intersected similar-style silver-gold mineralization in the El Tigre formation including a new discovery –
the Caleigh Vein. D rill hole ET -17-144 returned 0.85 meters of the Caleigh Vein grading 10,128.9 g/t
silver equivalent consisting of 7,338.9 g/t silver, 37.2 g/t gold with an additional 2.84% copper, 1.38%
lead and 4.06% zinc . The silver equivalent ratio is based on a silver to gold price ratio of 75:1 (Ag:Au)
and does not include the copper, lead and zinc values. Drill hole 144 was a step -out hole located
approximately 1.6 kilometers to the north of the historic El Tigre Mine. The mineralized zone consists of
several vuggy quartz veins and veinlets carrying galena, sphalerite, chalcopyrite, stromeyerite and pyrite
within a strongly silicified and kaolinized alteration zone. As well, drill holes ET -17-145 and ET-17-148,
which were some t he last holes drilled by the Corporation, intersected similar -style silver -gold
mineralization. The significant intercepts from these three drill holes are included in the following table.
Hole ID Comment From To Length(1) Au Ag AgEq(2)
(meters) (meters) (meters) (g/t) (g/t) (g/t)
ET-17-144 88.25 91.40 3.15 10.1 1,990.9 2,748.4
including 88.25 89.10 0.85 37.2 7,338.9 10,128.9
and 188.65 190.15 1.50 0.024 1,107.3 1,109.1
ET-17-145 28.50 29.25 0.75 10.9 2,830.4 3,647.9
ET-17-148 90.10 90.60 0.50 9.83 2,247.1 2,984.35
Notes: 1. Not true width.
2. Gold Equivalent (“EqAu75”) ratio based on silver to gold price ratio of 75:1 (Au:Ag).
Covid 19 Update
As press released on May 22, 2020 f ollowing the Mexican Health Ministry’s decree which included
mining as an essential service effective June 1, 2020, our exploration team got back to work at El Tigre in
June, 2020. Our priority in June, July and August was to take all necessary steps at camp to meet strict
Covid 19 protocols. Accommodations and sanitation were constructed or improved to meet the highest
standards of safety during Covid 19. Medical services on site were improved, including mandatory Covid
19 testing of all persons entering the camp. All employees and contractors will be required by the
Corporation to adhere to strict Covid 19 protocols. We have created a remote isolated camp to minimize
physical contact with surrounding communities. The Corporation has implemented these extraordinary
measures to protect the health and safety of our employees, contractors and the community in which we
operate.
El Tigre Resource Estimate
After acquiring El Tigre, Silver Tiger drilled 12,500 meters to define the 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 oun ces 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 gold). The
complete National Instrument 43 -101 technical report is available on the Company’s website and on
SEDAR under the Company’s profile.
About the El Tigre Property
The El Tigre Property lies at the northern end of the Sierra Madre gold belt which hosts m any epithermal
gold and silver deposits including Dolores , Santa Elena and 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 much of the production
coming from the El Ti gre vein. Underground mining on the El Tigre vein extended 1,450 meters along
strike and mined on 14 levels to a depth of 450 meters. By the time the mine closed in 1938, 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).
Silver Tiger’s district scale El Tigre Property is approximately 35 kilometers long and comprises 28,414
hectares and includes 25 kilometers of the prolific Sierra Madre trend . The El Tigre gold and silver
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 gold
and silver mineralized prophylitic alternation zone. The veins dip steeply to the west and are typically 1
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 a long strike. Historical mining and
exploration activities focused on a 1.5 kilometer portion of the southern end of the deposits, principally on
the El Tigre, Seitz Kelly and Sooy veins. The unexplored Caleigh, Fundadora and Protectora exposed
veins continue north for more than 3 kilometers and will be the target of Silver Tiger’s exploration.
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 models 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 Company’s website at: www.silvertigermetals.com.
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 and has reviewed the Technical Report.
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
ability to convert inferred resources to indicated resources, the ability to complete future drilling programs and infill sam pling,
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 s tatements are frequently characterized by words such as “may”, “is expected to”,
“anticipates”, “estimates”, “intends”, “plans”, “projection”, “could”, “vision”, “goals”, “objective” and “outlook” and other
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 futur e
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,
commodity 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.
Appendix A
Location Map – Northern Vein Extensions
Showing Last Holes and Underground Channel Samples
Note: Underground channel results are reported in silver equivalent based on silver to gold price ratio
of 75:1 (Au:Ag).