Silver Tiger Metals (TSX.V: SLVR)
Published their latest presentation for the virtual PDAC 2021.
Their El Tigre property in Sonora, Mexico, is very prospective for silver, with gold credits. The company is well financed and a recent discovery has resulted in a new area to drill.
| Silver Tiger Metals | TSX.V: SLVR |
| Stage | Exploration |
| Metals | Silver, gold |
| Market cap | C$115 million @ 52c |
| Location | Sonora, Mexico |
Initiating coverage
I recently met (virtually) with the management here, and they are essentially the same team that has achieved success at GoGold.
They are led by an experienced capital markets guy, Glenn Jesome, the CEO, who has a history of success and achievement in previous mining companies in Mexico.
The project looks solid, and recent drilling suggests there is a lot more silver and gold to find along the entire trend.
The company are well financed after a recent 60c placing.
Silver Tiger Metals PDAC 2021 Presentation
Silver Tiger Metals (TSX.V: SLVR)
Published their latest presentation for the virtual PDAC 2021.
Their El Tigre property in Sonora, Mexico, is very prospective for silver, with gold credits. The company is well financed and a recent discovery has resulted in a new area to drill.
To view the presentation, select the PDAC 2021 video in the top left hand corner HERE
Silver Tiger Metals – El Tigre property panoramic vista
Company overview – Silver Tiger Metals
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 25,500 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 the brownfield exploration area.
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 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.
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Disclosure
The writer owns shares in Silver Tiger Metals bought in the market at the prevailing price at the time of purchase.