“Historic mining at El Tigre on the Sooy Vein stopped simply south of the Espuelas Canyon when the miners misplaced the vein whereas drifting,” Silver Tiger’s CEO, Glenn Jessome, mentioned in a press launch. “Now we have found a continuation… with these close to floor, huge, high-grade intercepts in drill holes 296 and 319.”
Positioned in Sonora state, on the northern finish of the Sierra Madre gold and silver belt, gold on the property was first found in 1896. It was mined primarily for silver till it shut down in 1932 when the value of silver collapsed because of the onset of the Nice Despair. Throughout the interval, the mine produced 353,000 oz. gold and 67.4 million oz. silver from 1.9 million tonnes at a mean grade of two kg silver-equivalent per tonne.
Two years after buying the 284.2-sq.-km property in 2015, Silver Tiger launched a useful resource estimate for the challenge, which included the El Tigre and Seitz Kelly Veins. The useful resource pegged indicated sources at 26.8 million tonnes grading 21 grams silver per tonne, and 0.51 gram gold for contained metallic of 18 million oz. of silver and 444,000 oz. of gold.
Inferred sources add 6.7 million tonnes grading 88 grams silver per tonne and 1.59 grams gold for 19 million oz. of silver and 112,000 oz. of gold.
The corporate is presently engaged on a preliminary financial evaluation for El Tigre.
In February, Silver Tiger delivered drill outcomes from the Seitz Kelly vein on the identical challenge.
Highlights included 0.5 metres grading 0.09 gram gold per tonne, 1,665 grams silver, 0.63% copper, 0.84% lead and 0.19% zinc ranging from 250 metres in drillhole ET-21-293 and 26 metres grading 0.16 gold, 44.7 grams silver, 0.03% copper, 0.31% lead and 0.59% zinc ranging from 233.9 metres in drillhole ET-21-288.