PRESS RELEASE

from Silver Tiger Metals Inc. (isin : CA82831T1093)

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, 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

365.2366.31.1
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