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Silver Tiger Metals Inc
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Silver Tiger drills 44.4m of 720.5 g/t AgEq at El Tigre

2023-01-25 08:19 ET - News Release

Mr. Glenn Jessome reports


Silver Tiger Metals Inc. has intersected 2,025.5 grams per tonne total silver equivalent over six metres at the sulphide zone in drill hole ET-22-433 from 364.5 metres to 370.5 metres, consisting of 1,354.4 g/t silver, 0.2 g/t gold, 1.57 per cent copper, 6.1 per cent lead and 10.86 per cent zinc, within 44.4 metres grading 720.5 g/t total silver equivalent from 330.5 metres to 374.9 metres, consisting of 508.2 g/t silver, 0.16 g/t gold, 0.55 per cent copper, 1.76 per cent lead and 3.17 per cent zinc.

Highlights from the continuing drilling program include the following:

  • Hole ET-22-432 -- 8.2 metres grading 1,446.2 g/t total silver equivalent from 372.4 metres to 380.6 metres, consisting of 956.6 g/t silver, 0.13 g/t gold, 1.69 per cent copper, 3.58 per cent lead and 7.01 per cent zinc, within 34.8 metres grading 407.4 g/t total silver equivalent from 348.4 metres to 383.2 metres, consisting of 257.4 g/t silver, 0.13 g/t gold, 0.47 per cent copper, 1.18 per cent lead and 2.02 per cent zinc, in the sulphide zone;
  • Hole ET-22-434 -- 10.5 metres grading 1,642.4 g/t total silver equivalent from 370.1 metres to 380.6 metres, consisting of 914 g/t silver, 0.2 g/t gold, 1.68 per cent copper, 5.92 per cent lead and 12.42 per cent zinc, within 19.9 metres grading 1,072.9 g/t total silver equivalent from 361.7 metres to 381.6 metres, consisting of 605.6 g/t silver, 0.22 g/t gold, 1.13 per cent copper, 4.04 per cent lead and 7.43 per cent zinc, in the sulphide zone;
  • Hole ET-22-438 -- 3.7 metres grading 1,035.8 g/t total silver equivalent from 394.8 metres to 398.5 metres, consisting of 879.4 g/t silver, 0.24 g/t gold, 0.76 per cent copper, 0.86 per cent lead and 1.36 per cent zinc, within 19.5 metres grading 527.5 g/t total silver equivalent from 393.5 metres to 413 metres, consisting of 408.4 g/t silver, 0.27 g/t gold, 0.53 per cent copper, 0.88 per cent lead and 0.83 per cent zinc, in the sulphide zone.

Silver Tiger's chief executive officer, Glenn Jessome, stated: "The discovery of this high-grade sulphide zone is the fourth type of mineralization found at El Tigre. The first holes through this wide, high-grade sulphide zone have delineated a strike length of in excess of 150 metres, open to the north and south, with widths approaching 35 metres. The historic El Tigre mine relied only on high-grade silver quartz veins. We have now discovered the stockwork, the shale zone and, now, this sulphide zone. All four types of mineralization will be very important to the future of El Tigre. Our ongoing underground development will place us in the Sooy vein, directly above this sulphide zone, as we transition to underground drilling to follow it north and south."

Additional drill results for the Sooy vein, the hangingwall gold zone and the sulphide zone are presented in an attached table, along with the details for the calculation of the silver equivalent grades.

Update on underground rehabilitation at the historical El Tigre mine

As previously announced, Silver Tiger has contracted Cominvi, a Mexican underground contract mining and development company, to rehabilitate the historical El Tigre mine. Cominvi is progressing well in the underground rehabilitation of the historical El Tigre mine and has already completed over 450 metres 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 this newly discovered, wide, high-grade sulphide zone under the northern end of the unmined portion of the historical El Tigre mine.

About Silver Tiger Metals Inc.

Silver Tiger Metals is a Canadian company. Its management has more than 25 years of experience in discovering, financing and building large, hydrothermal silver projects in Mexico. Silver Tiger's 100-per-cent-owned, 28,414-hectare, historical El Tigre mining district is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger.

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 metallurgical testwork.

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 g to 300 g pulp samples, with 90 per cent passing Tyler 200 mesh (code PUL85). The pulps are assayed for gold using a 30-gram charge by fire assay (code FA630), and overlimits of greater than 10 grams per tonne are reassayed using a gravimetric finish (code FA530). Silver and multielement analyses are completed using total digestion (code MA200). Overlimits of greater than 100 grams per tonne silver are reassayed using a gravimetric finish (code FA530).

Quality assurance/quality control procedures monitor the chain of custody of the samples and include 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 quality assurance/quality control material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this release have passed Silver Tiger's quality assurance/quality control protocols.

Qualified person

David R. Duncan, PGeo, vice-president of exploration, 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.

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