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SILVER TIGER METALS INC. (:SLVR) 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

Directive transparence : information réglementée

15/08/2023 13:00

HALIFAX, NS / ACCESSWIRE / August 15, 2023 / Silver Tiger Metals Inc. (TSXV:SLV)(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 ResultsTable

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-23-454

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 silverto gold priceratio 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 IDCommentFromToLength (1)GoldSilverCopperLeadZincAgEq Total (2)
mmmg/tg/t%%%g/t
ET-22-443

Sulphide Zone

362.8367.54.70.11419.80.450.260.42491.4

including

365.2366.31.10.29901.01.000.841.051,073.3

Sulphide Zone

418.6456.437.80.19171.70.391.853.67388.8

including

441.0444.33.30.19633.81.044.8011.381,239.0

including

443.2444.31.10.18977.01.654.7912.321,671.5
ET-22-441

Sulphide Zone

415.3435.320.00.35369.00.854.118.15845.1

including

432.5434.52.00.201,255.72.0212.6726.872,656.0

including

432.5433.81.30.211,484.12.7114.6729.823,097.9
ET-22-440

Sulphide Zone

377.1434.357.20.20231.50.410.711.02336.2

Sulphide Zone

397.9434.336.40.25314.60.580.901.40457.2

including

421.7424.52.80.211,986.34.023.945.642,668.8

including

421.7423.21.50.252,714.05.410.081.043,289.9

including

422.5423.20.70.263,054.07.280.091.373,822.4
ET-22-438

HW Gold Zone

9.252.743.50.1618.70.000.010.0131.3

including

29.029.60.62.26566.00.020.020.02739.5

Sooy Vein Zone

321.3324.53.20.52300.50.180.730.33384.8

including

322.1323.00.91.51773.00.482.080.771,006.7

Sulphide Zone

393.5413.019.50.27408.40.530.880.83527.5

including

394.8398.53.70.24879.40.760.861.361,035.8

including

396.0396.50.50.622,796.01.751.854.163,193.1

including

403.8411.88.00.51564.30.901.681.31771.9

including

406.3407.00.71.471,148.01.401.520.711,452.3
ET-22-434

HW Gold Zone

6.515.08.50.3996.70.010.080.01129.8

including

10.111.61.52.04336.00.020.170.04496.6

Sooy Vein Zone

184.6197.613.00.16172.50.362.082.56354.0

including

190.6195.85.20.19326.40.844.895.97734.8

including

192.3194.42.10.24496.11.767.178.621,139.2

Sulphide Zone

306.7313.36.60.11376.80.320.140.09421.9

including

311.3313.32.00.201,116.50.890.200.111,225.9

including

312.3313.31.00.251,859.01.440.330.192,030.4

Sulphide Zone

361.7381.619.90.22605.61.134.047.431,072.9

including

370.1380.610.50.20914.01.685.9212.421,642.4

including

359.0360.21.20.191,345.01.572.100.831,587.4
ET-22-433

HW Gold Zone

0.014.214.20.1056.90.010.040.0166.8

Sooy Vein

Zone

190.9201.911.00.29165.40.161.434.42382.5

including

193.6198.44.80.41369.90.353.199.96840.2

including

194.7195.81.10.12634.50.574.6818.481,422.5

Sulphide Zone

330.5374.944.40.16508.20.551.763.17720.5

including

332.9337.95.00.171,431.81.412.476.271,846.8

including

335.5336.10.60.183,225.04.195.3415.594,285.5

including

364.5370.56.00.201,354.41.576.1010.862,025.5

including

366.8367.81.00.192,371.53.0710.0017.813,508.8
ET-22-432

HW Gold Zone

4.614.09.40.1039.00.010.020.0248.5

Sooy Vein Zone

191.2201.610.40.16399.00.432.845.16690.6

including

195.6197.72.10.241,153.61.299.7616.822,084.8

Sulphide Zone

348.4383.234.80.13257.40.471.182.02407.4

including

372.4380.68.20.13956.61.693.587.011,446.2

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

10.146.536.40.1341.90.000.010.0152.6

including

10.111.61.50.11731.00.000.050.00740.9

SooyVein

Zone

83.986.72.80.59137.40.030.190.24196.5
339.5342.63.10.06211.50.080.020.03225.2

El Tigre

Vein

409.1418.59.40.19641.30.653.326.511,013.3

including

413.5415.62.10.191,536.11.627.7113.662,341.9
ET-23-445

Sulphide Zone

397.7400.83.10.24129.60.160.811.97246.8

including

399.1399.90.80.17305.00.311.694.83547.5

Sulphide Zone

465.0474.69.60.24115.10.581.983.88364.6

including

467.0468.61.60.59441.72.147.5812.001,269.6

including

468.1468.60.50.52857.01.746.4414.601,700.0
ET-23-446

Sulphide Zone

382.8400.717.90.19200.70.422.233.55425.9

including

390.5392.52.00.17666.20.934.268.671,156.4

including

394.6397.02.40.31427.60.664.035.05777.4

including

394.6395.10.50.48804.01.223.990.571,071.5
ET-23-447

Sooy Vein Zone

237.5240.12.60.02264.70.160.010.03282.4

including

237.5238.51.00.02573.00.350.010.07610.5

El Tigre Vein Zone

311.0312.01.00.081,689.20.800.080.181,780.2

including

311.5312.00.50.163,351.01.590.130.333,530.4
ET-23-448

El Tigre Vein Zone

253.0257.94.90.03484.80.330.010.08521.7

including

254.9255.91.00.041,194.50.840.030.191,285.5

including

254.9255.40.50.051,560.01.140.040.271,683.6
ET-23-449

Sooy Vein Zone

305.7306.60.90.01345.00.180.000.12367.6

El Tigre Vein Zone

451.5452.10.60.0518.60.030.801.5395.3
ET-23-450

El Tigre Vein Zone

267.4268.51.10.20135.00.490.191.37246.5
ET-23-455

Sooy Vein

272.0273.51.50.04147.00.070.010.04158.4

Sulphide Zone

468.8481.212.40.1497.80.130.931.78201.9

including

468.8474.75.90.12201.10.241.923.69401.5

including

470.3474.13.80.10292.50.342.705.26570.8

including

472.3473.51.20.12436.40.503.326.66792.7
ET-23-457

Sulphide Zone

441.0479.738.70.11297.50.281.422.19438.9

including

441.0456.815.80.17692.60.602.994.61986.8

including

445.0451.36.30.151,100.10.875.108.011,581.4

including

445.0448.43.40.131,245.71.006.3813.431,948.8

including

447.8448.40.60.151,943.01.587.2910.952,642.2
ET-23-463

Open Pit Gold Zone

83.0119.036.00.951.70.000.010.0173.4

including

84.190.56.42.791.90.000.010.01211.8

including

89.090.51.57.184.80.010.010.01544.2

Sulphide Zone

461.0470.99.90.13609.70.610.410.70711.2

including

462.6468.86.20.18827.30.830.560.87962.8

including

462.6463.30.70.191,431.02.080.481.691,712.7

including

466.1468.82.70.141,089.21.010.961.471,268.6

including

466.1468.12.00.141,165.61.040.850.511,313.3

El Tigre Vein Zone

482.6486.64.00.17212.70.241.701.40334.8

including

482.6485.83.20.18243.30.272.021.63385.2
ET-23-464

HW Gold Zone

487.0490.03.00.0463.10.080.240.0380.5

including

488.3489.00.70.04167.00.180.620.06204.0

HW Gold Zone

497.0509.012.00.0731.10.130.480.3772.4

including

497.0500.03.00.0869.20.090.731.16139.9

Sulphide Zone

538.0551.913.90.2327.40.021.166.22280.5

including

541.5548.26.70.3343.10.031.7211.61495.9

including

547.0547.70.70.2138.90.042.5524.64936.4

and

565.1568.23.10.2614.40.020.180.7163.8

Notes: 1. Not true width.

2. Silver Equivalent ("AgEq") ratios are based on a silverto gold priceratio 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

Silver Tiger Metals Inc., Tuesday, August 15, 2023, Press release picture

Sulphide Zone-Cross Section 4490N

Silver Tiger Metals Inc., Tuesday, August 15, 2023, Press release picture

Sulphide Zone - Cross Section 5015N

Silver Tiger Metals Inc., Tuesday, August 15, 2023, Press release picture

El Tigre - Conceptual Cross Section Showing Mineralization Styles

Silver Tiger Metals Inc., Tuesday, August 15, 2023, Press release picture

El Tigre-Conceptual Long Section Showing Mineralization Styles

Silver Tiger Metals Inc., Tuesday, August 15, 2023, Press release picture

El Tigre-Long Section Showing Exploration Potential

Silver Tiger Metals Inc., Tuesday, August 15, 2023, Press release picture

Drill Hole Location Table

Hole ID

Easting

Northing

Elevation (m)

Azimuth

Dip

Length (m)

ET-23-454

670812

3385017

1794.3

91

-72

452.0

ET-23-456

670810

3385018

1794.4

84

-71

455.0

ET-23-460

670703

3384473

1945.7

87

-65.5

644.0

ET-23-462

670888

3384500

2038.7

190

-87.5

545.0

ET-23-473

670704

3384658

1917.4

90

-66

581.0

ET-23-474

670737

3384757

1908.0

100

-71

572.0

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 gold). 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. 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 1.6 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 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 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
jessome@silvertigermetals.com

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 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 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 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, 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.

SOURCE: Silver Tiger Metals Inc.



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