Silver Tiger Metals (TSX.V:SLVR)
Has intersected 1,153.6 g/t total silver equivalent over 3.3 meters in the Sulphide Zone in Drill Hole ET-23-462.
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.
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| Silver Tiger Metals | TSX.V: SLVR |
| Stage | Exploration |
| Metals | Silver, gold |
| Market cap | C$67 million @ 20c |
| Location | Sonora, Mexico |
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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
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HALIFAX, NOVA SCOTIA – August 15, 2023 – Silver Tiger Metals Inc. (TSXV:SLVR and
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.
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SCP Research Analyst Brock Salier said,
“We see potential for narrow high-grade vein mining from the Sulphide zone, which now extends over 750m along strike and ~150-200m down-dip at an average grade of 473g/t Ag Eq to date, and with amenable geometry.
“Being conservative, even if true width is only 2-5m (today’s hits are wider but are parallel to the structure), the Sulphide zone could host 10-25Moz AgEq and is still open.
Today we maintain our BUY rating and our C$1.00/sh PT based on US$1.50/oz AgEq on the existing resource, and same again for a nominal 85Moz.”
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
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Disclosure
At the time of writing the author holds shares in Silver Tiger
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