SILVER
TIGER INTERSECTS 2,049
g/t AgEq OVER 0.5 METERS ON THE PROTECTORA VEIN AND
1,121
g/t AgEq OVER 0.7 METERS ON THE CALEIGH VEIN AT EL
TIGRE
HALIFAX,
NOVA SCOTIA –
November
17,
2020 --
InvestorsHub NewsWire -- 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
AgEq
from
16.9
meters
to 17.4
meters consisting of 1,782
gpt Ag and 3.56 gpt Au and second intercept
of 0.5 meters
grading 1,440.6
gpt AgEq
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
AgEq
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
AgEq
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
AgEq
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).
See
attached cross sections 6650 and 6675.
Glenn
Jessome, President and CEO of Silver Tiger remarked
"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."
Cross
Sections 6650 and 6675 below show
the
Silver Tiger drill holes
begin approximately
1.7
kilometers north of the end of
the historic El Tigre Mine
in approximately the middle of the vein extensions
north of the
mine. Cross Section 6675 is 25 meters North of Cross Section
6650.
El
Tigre Cross Section 6650
El
Tigre Cross Section 6675
Drill
Results – Protectora Vein
|
Hole
ID
|
Section
|
Comment
|
From
|
To
|
Length(1)
|
Au
|
Ag
|
AuEq75(2)
|
AgEq75(2)
|
|
|
|
|
m
|
m
|
m
|
g/t
|
g/t
|
g/t
|
g/t
|
|
ET-20-152
|
6650N
|
Protectora
Vein
|
137.6
|
138.2
|
0.6
|
0.78
|
90.4
|
1.99
|
149.2
|
|
|
|
FW
Alteration Zone
|
153.1
|
154.9
|
1.8
|
0.26
|
7.1
|
0.36
|
27.0
|
|
|
|
FW
Alteration Zone
|
163.1
|
167.6
|
4.5
|
0.34
|
7.5
|
0.44
|
33.1
|
|
|
|
|
|
|
|
|
|
|
|
|
ET-20-153
|
6650N
|
HW
Alteration Zone
|
38.5
|
45.0
|
6.5
|
0.09
|
10.3
|
0.23
|
17.0
|
|
|
|
HW
Alteration Zone
|
137.0
|
151.3
|
14.3
|
0.45
|
33.3
|
0.89
|
67.0
|
|
|
|
Protectora
Vein
|
150.1
|
150.8
|
0.7
|
0.64
|
238.0
|
3.81
|
285.7
|
|
|
|
FW
Alteration Zone
|
165.5
|
172.5
|
7.0
|
0.37
|
10.6
|
0.51
|
38.0
|
|
|
|
FW
Alteration Zone
|
194.1
|
199.3
|
5.2
|
0.65
|
8.3
|
0.76
|
56.9
|
|
|
|
|
|
|
|
|
|
|
|
|
ET-20-159
|
6610N
|
HW
Alteration Zone
|
7.0
|
38.1
|
31.1
|
0.29
|
15.6
|
0.50
|
37.4
|
|
|
|
including
|
7.8
|
15.0
|
7.2
|
0.71
|
6.1
|
0.79
|
59.4
|
|
|
|
HW
Alteration Zone
|
50.1
|
64.6
|
14.5
|
0.28
|
9.1
|
0.40
|
30.0
|
|
|
|
Protectora
Vein
|
55.4
|
55.9
|
0.5
|
0.70
|
33.9
|
1.15
|
86.3
|
|
|
|
FW
Alteration Zone
|
99.8
|
104.3
|
4.5
|
0.36
|
0.8
|
0.37
|
27.8
|
|
Hole
ID
|
Section
|
Comment
|
From
|
To
|
Length(1)
|
Au
|
Ag
|
AuEq75(2)
|
AgEq75(2)
|
|
|
|
|
m
|
m
|
m
|
g/t
|
g/t
|
g/t
|
g/t
|
|
ET-20-161
|
6610N
|
HW
Alteration Zone
|
7.5
|
39.1
|
31.6
|
0.16
|
10.7
|
0.31
|
23.0
|
|
|
|
FW
Alteration Zone
|
48.1
|
95.1
|
45.4
|
0.33
|
8.5
|
0.44
|
33.4
|
|
|
|
Protectora
Vein Void5
|
56.4
|
58.0
|
1.6
|
*
|
*
|
*
|
*
|
|
|
|
FW
Alteration Zone
|
114.0
|
119.0
|
5.0
|
0.17
|
0.3
|
0.18
|
13.3
|
|
|
|
|
|
|
|
|
|
|
|
|
ET-20-163
|
6675N
|
HW
Alteration Zone2
|
8.0
|
18.4
|
8.5
|
0.42
|
165.5
|
2.63
|
197.1
|
|
|
|
Protectora
Vein Void5
|
11.3
|
13.2
|
1.9
|
*
|
*
|
*
|
*
|
|
|
|
Including
|
15.2
|
18.4
|
3.2
|
0.74
|
335.1
|
5.21
|
390.7
|
|
|
|
Protectora
Vein
|
16.9
|
17.4
|
0.5
|
3.56
|
1,782.0
|
27.32
|
2,049.1
|
|
|
|
FW
Vein
|
51.4
|
52.4
|
1.0
|
0.48
|
727.3
|
10.17
|
762.9
|
|
|
|
Including
|
51.9
|
52.4
|
0.5
|
0.89
|
1,374.0
|
19.21
|
1,440.6
|
|
|
|
|
|
|
|
|
|
|
|
|
ET-20-164
|
6675N
|
HW
Alteration Zone
|
17.0
|
28.4
|
11.4
|
0.66
|
87.1
|
1.82
|
136.8
|
|
|
|
Including
|
17.0
|
18.2
|
1.2
|
4.59
|
370.4
|
9.52
|
714.4
|
|
|
|
Protectora
Vein
|
17.0
|
17.5
|
0.5
|
10.50
|
805.0
|
21.23
|
1,592.5
|
|
|
|
FW
Alteration Zone
|
41.6
|
46.1
|
4.5
|
0.17
|
8.7
|
0.29
|
21.4
|
|
|
|
FW
Alteration Zone
|
71.2
|
78.8
|
7.6
|
0.12
|
15.8
|
0.33
|
24.9
|
|
|
|
FW
Alteration Zone
|
96.9
|
104.7
|
7.9
|
0.21
|
2.7
|
0.25
|
18.7
|
|
|
|
FW
Alteration Zone
|
113.0
|
114.4
|
1.3
|
0.28
|
0.9
|
0.30
|
22.2
|
|
|
|
|
|
|
|
|
|
|
|
|
ET-20-165
|
6675N
|
HW
Alteration Zone
|
19.2
|
59.7
|
40.5
|
0.34
|
27.0
|
0.70
|
52.5
|
|
|
|
including
|
22.0
|
25.5
|
3.5
|
1.75
|
77.0
|
2.78
|
208.4
|
|
|
|
including
|
37.1
|
38.4
|
1.3
|
1.35
|
134.8
|
3.15
|
236.0
|
|
|
|
Protectora
Vein
|
37.9
|
38.4
|
0.5
|
2.51
|
287.0
|
6.34
|
475.6
|
|
|
|
FW
Alteration Zone
|
81.7
|
87.7
|
6.0
|
0.20
|
1.6
|
0.22
|
16.5
|
Notes:
1.
Not true width.
2. Gold
Equivalent ("EqAu75") ratios and Silver Equivalent ("EqAg75) ratios
are based on silver to gold price
ratio of
75:1 (Au:Ag).
3. HW –
hanging wall
4. FW –
foot wall
*
Void
related to old mine workings
Drill
Results -
Caleigh Vein
|
Hole
ID
|
Section
|
Comment
|
From
|
To
|
Length(1)
|
Au
|
Ag
|
AuEq75(2)
|
AgEq75(2)
|
|
|
|
|
m
|
m
|
m
|
g/t
|
g/t
|
g/t
|
g/t
|
|
ET-20-152
|
6650N
|
HW
Alteration Zone
|
41.9
|
47.3
|
5.4
|
0.19
|
15.5
|
0.40
|
29.9
|
|
|
|
Caleigh
Vein
|
44.7
|
45.7
|
1.0
|
0.40
|
53.0
|
1.10
|
82.8
|
|
|
|
FW
Alteration Zone
|
69.7
|
76.0
|
6.3
|
0.30
|
4.9
|
0.37
|
27.5
|
|
|
|
FW
Alteration Zone
|
98.5
|
102.3
|
3.8
|
0.09
|
41.1
|
0.64
|
48.1
|
|
|
|
FW
Alteration Zone
|
100.7
|
101.3
|
0.6
|
0.23
|
191.0
|
2.77
|
207.9
|
|
|
|
HW
Alteration Zone
|
128.3
|
144.9
|
16.6
|
0.49
|
11.3
|
0.64
|
47.9
|
|
|
|
|
|
|
|
|
|
|
|
|
ET-20-156
|
6650N
|
HW
Alteration Zone
|
67.8
|
69.3
|
1.5
|
0.08
|
10.5
|
0.22
|
16.3
|
|
|
|
Caleigh
Vein
|
82.0
|
82.3
|
0.3
|
7.09
|
752.0
|
17.12
|
1,284.0
|
|
|
|
|
|
|
|
|
|
|
|
|
ET-20-157
|
6635N
|
Caleigh
Vein
|
91.2
|
92.1
|
0.9
|
0.42
|
0.7
|
0.43
|
32.0
|
|
|
|
|
|
|
|
|
|
|
|
|
ET-20-158
|
6650N
|
HW
Alteration Zone
|
89.1
|
91.2
|
2.1
|
1.46
|
280.5
|
5.20
|
390.1
|
|
|
|
Caleigh
Vein
|
90.0
|
90.7
|
0.7
|
4.09
|
815.0
|
14.95
|
1,121.6
|
Notes:
1. Not
true width.
2. Gold
Equivalent ("EqAu75") ratios and Silver Equivalent ("EqAg75) ratios
are based on silver to gold price
ratio of
75:1 (Au:Ag).
3. HW –
hanging wall
4. FW –
foot wall
Drill
Hole Location Table
|
Drill
Hole
|
Easting
|
Northing
|
Elevation
|
Az
|
Dip
|
Total
Depth
|
|
ET-20-152
|
670697
|
3386642
|
1999
|
90
|
-25
|
176.9
|
|
ET-20-153
|
670697
|
3386642
|
1999
|
90
|
-35
|
207.4
|
|
ET-20-156
|
670684
|
3386642
|
2002
|
90
|
-45
|
102.2
|
|
ET-20-157
|
670679
|
3386637
|
2001
|
90
|
-45
|
114.4
|
|
ET-20-158
|
670679
|
3386647
|
2002
|
90
|
-45
|
131.2
|
|
ET-20-159
|
670788
|
3386609
|
2057
|
90
|
-37
|
115.9
|
|
ET-20-161
|
670788
|
3386609
|
2057
|
90
|
-47
|
149.5
|
|
ET-20-163
|
670819
|
3386681
|
2023
|
90
|
-25
|
61.0
|
|
ET-20-164
|
670819
|
3386681
|
2023
|
90
|
-45
|
114.4
|
|
ET-20-165
|
670819
|
3386681
|
2023
|
90
|
-65
|
103.7
|
El
Tigre Resource Estimate
After
acquiring El Tigre, Silver Tiger drilled 12,500 meters to define
the wide halo of near surface gold mineralization around the mined
high-grade veins of the historic El Tigre Mine. This allowed Silver
Tiger to deliver a maiden resource estimate for the El Tigre
Property to a depth of 150 meters containing indicated resources of
661,000 gold equivalent ounces at 0.77 g/t (21 g/t silver and 0.51
g/t gold) and inferred resources of 341,000 gold equivalent ounces
at 1.59 g/t (88 g/t silver and 0.52 g/t gold). The
complete
National Instrument 43-101 Technical
Report is available on
the Corporation's
website
at www.silvertigermetals.com and on www.sedar.com under the
Corporation's
profile.
About
the El Tigre Historic Mine District
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 much of the production coming from
the El Tigre vein. Underground mining on the El Tigre vein
extended 1,450 meters along strike and was mined on 14 levels to a
depth of 450 meters. By the time the mine closed in
1938, 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.
Silver
Tiger's district scale El Tigre concessions are approximately
35 kilometers
long and
comprise 28,414 hectares, including 25 kilometers
of the
prolific Sierra Madre trend. 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 our 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 unexplored Caleigh, the
Protectora and the Fundadora exposed veins
continue north for more than 3 kilometers
and are
the target of Silver Tiger's current exploration.
Silver
Tiger's limited drilling in these vein extensions located north of
the historic El Tigre Mine intersected similar-style silver-gold
mineralization in the El Tigre formation including a new discovery
in the Caleigh Vein. Drill hole ET-17-144 returned 0.85 meters of
the Caleigh Vein grading 10,128.9 g/t silver equivalent consisting
of 7,338.9 g/t silver, 37.2 g/t gold (75:1 Ag:Au).
Drill hole 144 was a step-out hole located approximately 1.7
kilometers
to the
north of the historic El Tigre Mine. The mineralized zone
consists of several vuggy quartz veins and veinlets carrying
galena, sphalerite, chalcopyrite, stromeyerite
and
pyrite within a strongly silicified and kaolinized alteration zone.
As well, drill holes ET-17-145 and ET-17-148, which were drilled by
Silver Tiger in its previous drill program, intersected
similar-style silver-gold mineralization.
.
The
Silver Tiger exploration team is fully funded for and is currently
diamond drilling 20,000 meters of HQ core with three drill rigs
targeting the 3 kilometers
of vein
extensions north of the historic El Tigre Mine. The drilling
program is focused on the Caleigh, the Protectora and the Fundadora
veins, all of which outcrop on surface and are exposed in
exploration drifts in the three kilometers
north of
the historic El Tigre Mine.
Silver
Tiger Launches New Website
Silver
Tiger is pleased to announce that its new website is now live
at
www.silvertigermetals.com.
Covid
19
Response
As
previously announced following the Mexican
Health Ministry's decree which included mining as an essential
service effective June 1, 2020, our exploration team got back to
work at El Tigre in June, 2020. Our priority in June, July
and August was to take all necessary steps at camp to meet
strict Covid
19
protocols.
Accommodations and sanitation were constructed or improved to meet
the highest standards of safety during Covid
19.
Medical services on site were improved, including mandatory
Covid
19
testing of all persons entering the camp. All employees and
contractors will be required by the Corporation to adhere
to strict Covid
19
protocols as we continue to explore and drill El Tigre. We
have created a remote isolated camp to minimize physical contact
with surrounding communities. Silver Tiger
has
implemented these extraordinary measures to protect the health and
safety of our employees, contractors and the community in which we
operate.
VRIFY
Slide Deck and 3D Presentation –
Silver Tiger's El Tigre Project
VRIFY is
a platform being used by companies to communicate with investors
using 360° virtual tours of remote mining assets, 3D models and
interactive presentations. VRIFY can be accessed by website and
with the VRIFY iOS and Android apps.
Access
the Silver Tiger Metals Inc. Company Profile on VRIFY at:
https://vrify.com
The VRIFY
Slide Deck and 3D Presentation for Silver Tiger Metals Inc. can be
viewed at:
https://vrify.com/explore/decks/492 and on the Company's
website at:
www.silvertigermetals.com.
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 for
metallurgical test work.
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 200-300 gram pulp samples with ninety
percent passing Tyler 200 mesh (Code PUL85). The pulps are assayed
for gold using a 30-gram charge by fire assay (Code
FA630)
and over limits greater than 10 grams per tonne are re-assayed
using a gravimetric finish (Code FA530). Silver and multi-element
analysis is completed using total digestion (Code MA200 Total
Digestion ICP). Over limits greater than 100 grams per tonne silver
are re-assayed using a gravimetric finish (Code FA530).
Quality
assurance and quality control ("QA/QC") procedures monitor the
chain-of-custody of the samples and includes 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 QA/QC material included
in each batch are tracked to ensure the integrity of the assay
data. All results stated in this announcement have
passed Silver
Tiger's
QA/QC
protocols.
Qualified
Person
David
R. Duncan, P. Geo., V.P.
Exploration of
the Corporation,
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.
For
further information, please contact:
Glenn
Jessome
President
and CEO
902
492
0298
jessome@silvertigermetals.com
CAUTIONARY STATEMENT:
Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
This News Release includes certain "forward-looking
statements". All statements other than statements of
historical fact included in this release, including, without
limitation, statements regarding potential mineralization,
resources and reserves, the ability to convert inferred resources
to indicated resources, the ability to complete future drilling
programs and infill sampling, the ability to extend resource
blocks,
the similarity of mineralization at El Tigre to
Delores,
Santa Elena
and Chispas,
exploration results, and future plans and objectives of
Silver Tiger,
are forward-looking statements that involve various risks and
uncertainties. Forward-looking statements are frequently
characterized by words such as "may", "is expected to",
"anticipates", "estimates", "intends", "plans", "projection",
"could", "vision", "goals", "objective" and "outlook" and other
similar words. Although
Silver Tiger
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, there can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Important factors that could
cause actual results to differ materially from
Silver Tiger's
expectations include risks and uncertainties related to
exploration, development, operations, commodity prices and global
financial volatility, risk and uncertainties of operating in a
foreign jurisdiction as well
as additional risks described
from time to time in the filings made by
Silver Tiger
with securities regulators.
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