Silver Tiger Metals Inc. (TSX.V: SLVR)
Has intersected high grade silver and gold mineralization in the Protectora and Caleigh veins within the El Tigre gold alteration zone approximately 1.7 kilometers north of the historic El Tigre Mine.[…]
|Silver Tiger Metals||TSX.V: SLVR|
|Market cap||C$157 million @ 60c|
SILVER TIGER INTERSECTS 2,049 g/t Ag Eq OVER 0.5 METERS ON THE PROTECTORA VEIN AND 1,121 g/t Ag Eq OVER 0.7 METERS ON THE CALEIGH VEIN AT EL TIGRE
HALIFAX, NOVA SCOTIA – November 17, 2020 – Silver Tiger Metals Inc. (TSXV:SLVR and OTCQB:SLVTF) (“Silver Tiger” or the “Corporation”) has intersected high grade silver and gold mineralization in the Protectora and Caleigh veins within the El Tigre gold alteration zone approximately 1.7 kilometers north of the historic El Tigre Mine.
Silver Tiger is pleased to provide drill results for its first 10 drill holes on the Protectora and Caleigh veins approximately 1.7 kilometers north of the historic El Tigre Mine.
Highlights from the drilling include the following:
● Hole 163 on the Protectora Vein – 0.5 meters grading 2,049.1 g/t Ag Eq from 16.9 meters to 17.4 meters consisting of 1,782 gpt Ag and 3.56 gpt Au and a second intercept of 0.5 meters grading 1,440.6 gpt Ag Eq from 51.9 meters to 52.4 meters consisting of 1,374 gpt Ag and 0.89 gpt Au
● Hole 164 on the Protectora Vein – 0.5 meters grading 1,592.5 g/t Ag Eq from 17 meters to 17.5 meters consisting of 805 gpt Ag and 10.50 gpt Au
● Hole 158 on the Caleigh Vein – 0.7 meters grading 1,121.6 g/t Ag Eq from 90 meters to 90.7 meters consisting of 815 gpt Ag and 4.09 gpt Au
● Hole 156 on the Caleigh Vein – 0.3 meters grading 1,284.0 g/t Ag Eq from 82 meters to 82.3 meters consisting of 752 gpt Ag and 7.09 gpt Au.
All of these high grade veins are within the El Tigre Formation, a gold alteration zone which can be up to 150 meters thick.
The silver equivalent ratios are based on a silver to gold price ratio of 75:1 (Ag:Au).
Silver Tiger management comments
“The historic El Tigre Mine just to the south of our current drilling produced over 100 million silver equivalent ounces at an average grade of over 2 kilograms per ton silver equivalent between 1908 and 1938 (Craig, 2012).
“Our initial results from the first 10 holes of the 2020 drilling program on the Protectora and Caleigh Veins has intersected near surface high-grade silver mineralization similar to that mined a century ago at the historic El Tigre Mine.
“Just as exciting for us are the first intercepts of the gold alteration zone around the high grade silver veins like the gold halo that delivered the majority of our National Instrument 43-101 resource estimate around the historic El Tigre Mine.
“We are drilling with 3 diamond drill rigs and will continue to test the strike extensions of the Caleigh, Protectora and Fundadora Veins. I am very pleased with the rapid progress our drilling and exploration teams have made.”
Glenn Jessome, President and CEO of Silver Tiger
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