Silver Tiger Metals (TSX: SLVR) has released new assay results from its El Tigre project in Sonora, Mexico. The highlight intercept graded 2.1 metres of 7,715.1 g/t silver equivalent on the Caleigh Vein.
The interval, from hole ET-24-649, carried 35.39 g/t gold and 5,061.1 g/t silver, with a 0.53-metre section running 136.20 g/t gold and 19,405.0 g/t silver.
The drilling targeted the Northern Veins, epithermal structures roughly 700 metres north of where the company is building its heap leach operation. Silver Tiger describes them as faulted extensions of the Southern Veins in its underground preliminary economic assessment, sharing the same mineralogy, structure and host rock. Both the Caleigh and Protectora veins remain open along strike and down dip.
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Highlights from the results include:
- ET-24-649: 7,715.1 g/t silver equivalent over 2.1 metres from a depth of 39.9 metres
- Including 29,620.0 g/t silver equivalent over 0.53 metres from a depth of 40.4 metres
- ET-24-643: 70.1 g/t silver equivalent over 93.0 metres from a depth of 16.9 metres
- Including 2,292.2 g/t silver equivalent over 0.60 metres from a depth of 44.2 metres
- ET-24-638: 101.9 g/t silver equivalent over 15.5 metres from a depth of 20.7 metres
- Including 1,457.0 g/t silver equivalent over 0.65 metres from a depth of 22.5 metres
The two broader intercepts came from a newly identified Northern Stockwork Zone, which the company says mirrors the El Tigre Stockwork Zone now under development.
Geotechnical drilling meanwhile inside the planned pit has wrapped up and the final pit design report is in hand. Samples from mineralized intervals confirmed continuity and grade, including 1.0 metre of 15.10 g/t gold and 5 g/t silver on the El Tigre vein.
“Our focus remains on the construction of our heap leach mine at El Tigre with first pour to be in December, 2027,” said President and CEO Glenn Jessome. “I am pleased to confirm we are on schedule for pouring that first doré bar.”
Silver Tiger Metals last traded at $1.08 on the TSX.
