January 26, 2022
Silver Tiger Metals Inc. (TSXV:SLVR, BUY, C$1.00 target, David A. Talbot) announced additional assays from nine holes at its 100%-owned El Tigre project in Sonora state, Mexico. The results reported are primarily from the Sooy vein at the project with highlight intercepts returning 1) 345.1 g/t AgEq over 6.6m including 2,083.4 g/t AgEq over 0.5m (ET-21-287) and 2) 241.6 g/t AgEq over 22.6m including 939.9 g/t AgEq over 3.0m (ET-21-263). Importantly, hole 287 intersected high-grade mineralization in the black shale horizon 175m north of discovery hole-202, and 75m north of where historic mining ended on the Sooy vein. These assays are not very different to previous drilling results, but Sooy, El Tigre and more recently Sietz Kelley drilling (read more) continues to intersect quartz veins within the black shale horizon that hosts high grade gold and silver. Management has improved its understanding and controls on mineralization within black shale rocks, which has led to better drill targeting. We expect to see positive drill results from various zones along the 1.6km El Tigre mine trend, including the Sooy, Sooy Footwall, Seitz Kelley and El Tigre veins, particularly in the north. We also anticipate further positive drill results from various veins in the 2.8km unmined vein extension trend to the north, specifically the Benjamin vein, a likely an extension of the Sooy vein, which in our opinion bodes very well for future resource estimates. Read more
