Wt Silver Discussion Threads

[stu31] 03/12/2024 21:12

HALIFAX, NOVA SCOTIA – December 3, 2024 – Silver Tiger Metals Inc. (TSXV:SLVR and OTCQX:SLVTF) ("Silver Tiger" or the “Company”;) is announcing the commencement of its underground drilling campaign targeting the Veins, the Sulfide Zone and the Shale Zone on its 100% owned, silver-gold El Tigre Project (the "Project" or "El Tigre") located in Sonora, Mexico.

Glenn Jessome, President & CEO stated “After the release of our robust PFS on the near-surface, low-capex open pit portion of the El Tigre Project, our next goal will be to complete a PEA on the underground component of the project in the first half of 2025. Our current underground drilling program is targeting the Veins, the Sulfide Zone and the Shale Zone from our 400-meter-long rehabilitated haulage-way. The new drill holes will provide new assay, geotechnical, metallurgical and geological information for the Mineral Resource blocks near the completed haulage-way close to first development.”


Underground Dilling
The El Tigre Project underground drilling campaign is targeting the Veins, the Sulfide Zone and the Shale Zone located as close as 40 meters to the pre-existing haulage way. These high-grade zones, especially the historically-mined Veins with results up to 86.5 kilograms/tonne silver equivalent, form a crucial component of the UG PEA (see Press Release dated November 9, 2021).

The drill rig and geological team are mobilized and drilling has begun in a 5,000 meter array. Role Drilling of Hermosillo has been contracted for drilling HQ, oriented drill holes ranging in depth from 100-300 meters, offering a significant cost savings over drilling from surface. Assays are expected before EOY 2024.


Figure 1 – Underground Drilling Operations in Progress at El Tigre Project



Underground Preliminary Economic Assessment
The Corporation will also continue to work on this substantial, permitted underground Mineral Resource Estimate and advance this towards a Preliminary Economic Assessment by H1-2025.


Figure 1 – Proposed Underground Drilling Campaign



Exploration Potential
Exploration potential at the El Tigre Project is substantial with prospective areas for exploration both down dip and along strike with the disclosed Exploration Target establishing 10 to 12 million tonnes at 225 to 265 g/t AgEq for 73 to 100 Moz AgEq.


Figure 2 —Exploration Potential released October 2024





"The new drill holes will provide new assay, geotechnical, metallurgical and geological information for the Mineral Resource blocks near the completed haulage-way close to first development."

- Glenn Jessome, President & CEO, Silver Tiger Metals

Qualified Persons
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.


About the El Tigre Historic Mine District
Silver Tiger Metals Inc. is a Canadian company whose management has more than 25 years’ experience discovering, financing and building large epithermal silver projects in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger.

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 production coming from 3 parallel veins the El Tigre Vein, the Seitz Kelley Vein and the Sooy Vein. Underground mining on the middle El Tigre Vein extended 1,450 metres along strike and was mined on 14 levels to a depth of approximately 450 metres. The Seitz Kelley Vein was mined along strike for 1 kilometre to a depth of approximately 200 metres. The Sooy Vein was only mined along strike for 250 metres to a depth of approximately 150 metres. Mining abruptly stopped on all 3 of these veins when the price of silver collapsed to less than 20¢ per ounce with the onset of the Great Depression. By the time the mine closed in 1930, 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.

[stu31] 03/12/2024 21:11

Silver Tiger Metals LIVE WEBINAR

[stu31] 13/11/2024 18:10

Silver Tiger Metals (TSXV:SLVR) Robust PFS Roars 5+ Moz Annual Silver Production at El Tigre

[stu31] 10/11/2024 20:23

Silver Tiger gets ready to build in 2025

[stu31] 31/10/2024 22:17

Silver Tiger PFS: $222M NPV at $26/oz Silver | Glenn Jessome

[stu31] 23/10/2024 19:05

SILVER TIGER ANNOUNCES PFS WITH NPV OF US$222M FOR THE STOCKWORK ZONE OF THE EL TIGRE SILVER-GOLD PROJECT, SONORA, MEXICO
HALIFAX, NOVA SCOTIA – October 22, 2024 – Silver Tiger Metals Inc. (TSXV:SLVR and OTCQX:SLVTF) ("Silver Tiger" or the “Corporation”) is pleased to announce a Preliminary Feasibility Study (“PFS”) for its 100% owned, silver-gold El Tigre Project (the "Project" or "El Tigre") located in Sonora, Mexico. The PFS is focused on the conventional open pit mining economics of the Stockwork Mineralization Zone defined in the updated Mineral Resource Estimate (“MRE”) (Figure 1). The updated MRE also contains an Out-of-Pit Mineral Resource that Silver Tiger plans to study in a Preliminary Economic Assessment in H1-2025.
Highlights of the PFS are as follows (all figures in US dollars unless otherwise stated):
• After-Tax net present value (“NPV”) (using a discount rate of 5%) of US$222 million with an After-Tax IRR of 40.0% and Payback Period of 2.0 years (Base Case);
• 10-year mine life recovering a total of 43 million payable silver equivalent ounces (“AgEq”) or 510 thousand payable gold equivalent ounces (“AuEq”), consisting of 9 million silver ounces and 408 thousand gold ounces;
• Total Project undiscounted after-tax cash flow of US$318 million;
• Initial capital costs of $86.8 million, which includes $9.3 million of contingency costs, over an expected 18-month build, expansion capital of $20.1 million in year 3 and sustaining capital costs of $6.2 million over the life of mine (“LOM”);
• Average LOM operating cash costs of $973/oz AuEq, and all in sustaining costs (“AISC”) of $1,214/oz AuEq or Average LOM operating cash costs of $12/oz AgEq, and all in sustaining costs (“AISC”) of $14/oz AgEq;
• Average annual production of approximately 4.8 million AgEq oz or 56.7 thousand AuEq oz; and
• Three (3) years of production in the Proven category in the Phase 1 Starter Pit.
Glenn Jessome, President & CEO stated “We are very pleased with the work completed by our consultants and our technical team on the PFS for the open pit at El Tigre. The open pit delivers robust economics with an NPV of US$222 million, an initial capital expenditure of US$87 million, and a payback of 2 years with 3 years of production in the Proven category in the ‘Starter Pit using metal prices greatly discounted to the spot price.” Mr. Jessome continued
“This is a pivotal point for our Company as we now have a clear path forward to making a construction decision for the open pit. The open pit has good grade (48 g/t AgEq), low strip ratio (1.7:1), and wide benches (~150 m) with mineralization at surface. With such positive parameters and with our VP of Operations Francisco Albelais, a career expert in the construction of large heap leach mines in Mexico, we are confident we will be able to advance the Project very quickly.” Mr. Jessome concluded “The open pit is only one component of El Tigre as we have also today
delivered over 113 Mozs AgEq in the underground Mineral Resource Estimate and disclosed an Exploration Target establishing 10 to 12 million tonnes at 225 to 265 g/t AgEq for 73 to 100 Moz AgEq. This disclosed ‘near-mineR17; Mineral Resource and potential, when coupled with the fact that only 30% of this prolific Property has been explored, shows the value of the El Tigre Project. The Company will also continue to work on this substantial underground Mineral Resource by starting underground drilling immediately, and plan to release an underground PEA in H1-2025.”
Highlights of the updated Mineral Resource
• Increased confidence in MRE, with increase of 132% in Total Measured & Indicated Silver Equivalent (“AgEq”) Ounces from September 2023 MRE, with 59% increase in Measured & Indicated AgEq grade;
• Total Measured & Indicated Mineral Resource of 200 Moz AgEq grading 92 g/t AgEq contained in 68.0 million tonnes (“Mt”);
• Inferred Mineral Resource of 84 Moz AgEq grading 180 g/t AgEq contained in 14.5 Mt; and
• Inclusion of Out-of-Pit Mineral Resource of 5.3 Mt Measured & Indicated Mineral Resource at grade of 255 g/t AgEq and 10.1 Mt Inferred Mineral Resource grading 216 g/t AgEq.

[stu31] 09/10/2024 21:19

Mexico's Mining Renaissance: Silver Tiger Metals Positions for Growth with Strong Silver Prices
October 8, 2024 Crux Investor

Mexico's new president, Claudia Sheinbaum, has removed the open pit mining ban from her 100-point plan, signaling a positive shift for the mining industry in Mexico.
Silver Tiger Metals has raised $100 million and advanced its project to shovel-ready status during the previous administration, despite challenging conditions.
The company expects to receive permits for its open pit project in early 2025 and is proceeding with underground drilling and development.
Silver Tiger Metals is preparing to release a Pre-Feasibility Study (PFS) for its open pit project in the coming weeks, which is expected to demonstrate strong economics.
Silver Tiger believes Mexico is poised for significant economic growth due to nearshoring trends and the new administration's pro-business stance.
Recent developments in Mexico's political landscape have sparked renewed interest in the country's mining sector, particularly for silver producers. With the inauguration of President Claudia Sheinbaum and the subsequent removal of the open pit mining ban from her 100-point plan, companies like Silver Tiger Metals (SLVR) are poised to capitalize on this favorable shift.

A New Era for Mexican Mining
The election of Claudia Sheinbaum as Mexico's president has ushered in a new era for the country's mining industry. Initially, there were concerns about potential restrictions on open pit mining, as indicated in her original 100-point plan. However, recent announcements have alleviated these worries.

Glenn Jessome, President & CEO of Silver Tiger Metals, shared insights on this development:

"There is no mention in those 100 points of anything to do with an open pit mining ban in Mexico - that's pretty big news."
This change in policy direction signals a more mining-friendly environment in Mexico, which could have significant implications for companies operating in the country.

Silver Tiger Metals: Resilience & Progress
Throughout the challenging period of the previous administration, Silver Tiger Metals demonstrated remarkable resilience and forward momentum. The company successfully raised $100 million and advanced its project to a shovel-ready state, defying skepticism about the feasibility of mining operations in Mexico.

The Company is currently advancing both open pit and underground components of its project. They anticipate receiving permits for its open pit operation in early 2024, with the release of a Pre-Feasibility Study (PFS) expected in the coming weeks.

Key Project Milestones:

Open Pit Development: The forthcoming PFS for the open pit project is expected to demonstrate strong economics, potentially positioning Silver Tiger Metals as a competitive player in the silver mining sector. The company has already filed its Environmental Impact Assessment (MIA) and is confident in obtaining the necessary permits.
Underground Expansion: In addition to the open pit component, Silver Tiger Metals is actively pursuing underground development. The company already holds permits for an 800-ton-per-day underground operation and is mobilizing drill rigs for further exploration.
Jessome outlined the company's dual-focus strategy:

"Underground will be bigger, better, and longer with a 20-30 year mine life. We are underground as you know so we are in the process now of mobilizing the underground drill, you're going to get some of that tiger high grade. It was boring for the pit - 100 meters for a gram of gold nobody cared, they care about 1,2,3,10 kilos (gold) through 10-20 meters so you're going to see those results coming this fall."
This approach allows Silver Tiger Metals to potentially benefit from both near-term production via the open pit and long-term value creation through underground operations.

Interview with President & CEO, Glenn Jessome

Market Valuation & Growth Potential
Despite the progress made and the improving landscape for mining in Mexico, Silver Tiger Metals appears to be trading at a discount to its potential value. The company's current market capitalization of approximately $130-140 million represents a significant decrease from its previous valuation of $250 million.

Jessome provided context for this valuation discrepancy:

"We were at $250 miliion, sentiment drove us down $200 million under market cap because of what happened in Mexico. We should have went 200 the other way. When this asset's in production, just the open pit, will have a production profile of our peers that are trading at over $2 billion."
This comparison to peer valuations suggests potential upside for investors as Silver Tiger Metals advances its projects towards production.

Mexico's Economic Renaissance
Beyond company-specific factors, the broader economic landscape in Mexico appears increasingly favorable for mining investments. President Sheinbaum's pro-business stance and the global trend of nearshoring manufacturing operations from Asia to North America could drive significant economic growth in Mexico.

Jessome expressed optimism about Mexico's economic prospects:

"I think Mexico becomes an economic powerhouse over the next six years, and I think that mining will be a huge part of that."
This positive macro backdrop could provide additional tailwinds for companies like Silver Tiger Metals operating in the country.

M&A Activity & Industry Consolidation
Recent merger and acquisition activity in the Mexican silver mining sector, such as the announced acquisition of SilverCrest Metals, may signal increased interest from larger mining companies in Mexican assets. This trend could potentially benefit smaller producers and developers like Silver Tiger Metals, either through partnerships or as acquisition targets. This observation suggests that major mining companies may be seeking to establish or expand their presence in Mexico, which could create opportunities for well-positioned junior miners.

The recent strength in silver prices, with the metal trading around $32 per ounce, provides a favorable backdrop for silver mining companies. While timing the market is challenging, Silver Tiger Metals' progress in project development coincides with a period of robust silver prices.

Jessome commented on the timing:

"The timing looks really good for us. You've got a market that's looks like it's coming back, we've got one of the best ready to build silver projects, low capex makes money like hand over fist in the pit and then go underground. I think it's going to be a really really good time to make silver."
This alignment of project readiness with strong market conditions could enhance the company's ability to generate attractive returns for investors.

Risks & Considerations
While the outlook for Silver Tiger Metals appears positive, investors should be aware of potential risks:

Regulatory Environment: Despite recent positive developments, changes in Mexico's mining regulations remain a possibility.
Operational Risks: Mining projects are subject to various operational challenges, including geological uncertainties and potential cost overruns.
Metal Price Volatility: Fluctuations in silver prices can impact project economics and company valuations.
Financing: The company may require additional capital to fully develop its projects, which could lead to dilution for existing shareholders.
The Investment Thesis for Silver Tiger Metals
Strong Project Economics: Upcoming PFS expected to demonstrate robust economics for the open pit project.
Dual Development Strategy: Near-term production potential from open pit, with long-term upside from underground expansion.
Favorable Jurisdiction: Improving regulatory environment in Mexico for mining operations.
Undervalued Relative to Peers: Current market cap potentially undervalues the company's assets and growth prospects.
Macro Tailwinds: Beneficiary of nearshoring trends and Mexico's economic growth potential.
M&A Potential: Increased interest in Mexican mining assets could make Silver Tiger an attractive acquisition target.
Strong Silver Market: Current high silver prices support project economics and potential profitability.
Silver Tiger Metals presents an intriguing investment opportunity in the Mexican silver mining sector. The company's progress in project development, combined with the improving regulatory environment in Mexico and strong silver prices, positions it for potential growth. As the company advances towards production, investors may benefit from increased market recognition and potential value creation.

However, as with any mining investment, thorough due diligence and an understanding of the associated risks are essential. The upcoming release of the Pre-Feasibility Study for the open pit project will provide crucial information for assessing the company's near-term prospects and long-term potential in the evolving landscape of Mexican silver mining.

Macro Thematic Analysis
The evolving macro environment in Mexico presents a compelling backdrop for investment in the country's mining sector, particularly in silver production. Several key factors contribute to this favorable outlook:

Regulatory Shift: The new administration under President Claudia Sheinbaum has signaled a more business-friendly approach, particularly evidenced by the removal of the open pit mining ban from her 100-point plan. This change could streamline permitting processes and encourage investment in the sector.
Nearshoring Trend: Global supply chain disruptions have accelerated the trend of companies relocating manufacturing operations closer to end markets. Mexico, with its proximity to the United States, skilled workforce, and established infrastructure, is well-positioned to benefit from this shift.
Economic Growth Potential: The combination of pro-business policies and increased foreign direct investment could drive significant economic growth in Mexico over the coming years. This growth may lead to improved infrastructure and a more robust business environment, benefiting the mining sector.
Silver Market Dynamics: With silver prices showing strength and trading around $32/oz, the economics of silver mining projects in Mexico look increasingly attractive. The metal's dual role as both an industrial commodity and a precious metal provides potential upside in various economic scenarios.
Increased M&A Activity: Recent transactions, such as the acquisition of SilverCrest Metals, suggest growing interest from major mining companies in Mexican assets. This trend could drive valuations higher for well-positioned junior miners and developers.

[stu31] 14/8/2024 00:12

HALIFAX, NOVA SCOTIA – AUGUST 13, 2024 – Silver Tiger Metals Inc. (TSXV:SLVR and OTCQX:SLVTF) ("Silver Tiger" or the “Company”;) is pleased to provide an update on the the first 151 drill holes of the Company’s Pre-Feasibility Study (“PFS”) drilling program on its El Tigre Project in Sonora, Mexico. These new results are highlighting the high-grade nature of the Keel Zone while expanding near-surface mineralization footprint 700 metres from the Starter Pit.

Drill hole ET-24-617 intersected the Stockwork Zone with 96.3 metres grading 100.7 g/t silver equivalent or 1.34 g/t gold equivalent from 2.4 to 98.7 metres, consisting of 0.34 g/t gold and 75.4 g/t silver INCLUDING the high-grade SK Vein with 1.2 metres grading 4,894.1 g/t silver equivalent or 65.25 g/t gold equivalent from 97.5 to 98.7 metres, consisting of 1.96 g/t gold and 4,747.0 g/t silver (Figure 1). This hole highlights the newly discovered high-grade Keel Zone and expands Stockwork Zone 50 meters to east, over the 2023 MRE.


Figure 1: Stockwork Zone Cross Section 4900 N



Highlighted Intersections

New intersections through the Stockwork gold deposit, comprised of the Footwall, Hanging Wall and high-grade Keel Zones, are highlighted below, shown on Figure 2 and listed in Table 1.

• Drill hole ET-24-615: 18.4 metres grading 3.53 g/t gold equivalent or 264.5 g/t silver equivalent from surface to 18.4 metres, consisting of 1.90 g/t gold and 122.2 g/t silver AND 21.9 metres grading 0.86 g/t gold equivalent or 64.8 g/t silver equivalent from 66.3 to 88.2 metres consisting of 0.40 g/t gold and 35.2 g/t silver. The hole has expanded Hanging Wall Zone mineralization 25 metres up dip to surface over 2023 MRE.

• Drill hole ET-24-616: 31.9 metres grading 1.85 g/t gold equivalent or 138.7 g/t silver equivalent from 61.4 to 93.3 metres, consisting of 0.14 g/t gold and 128.5 g/t silver INCLUDING 1.3 metres grading 37.04 g/t gold equivalent or 2,778.3 g/t silver equivalent from 77.4 to 78.7 metres consisting of 1.07 g/t gold and 2,698.0 g/t silver. The hole confirms Hanging Wall Zone mineralization 700 metres north of Starter Pit and expands mineralization profile 25 metres to the west.

• Drill hole ET-24-619: 24.7 metres grading 1.06 g/t gold equivalent or 79.9 g/t silver equivalent from 3.3 to 28.0 metres, consisting of 0.39 g/t gold and 50.6 g/t silver AND 18.9 metres grading 0.41 g/t gold equivalent or 30.6 g/t silver equivalent from 41.4 to 60.3 metres consisting of 0.31 g/t gold and 7.4 g/t silver. This hole expands Stockwork mineralization to surface, some 600 metres north of the PEA ‘Starter Pit.’

Silver Tiger’s CEO, Glenn Jessome, stated, “As we progress to release the PFS study, the last round of Resource Drilling assay results continues to highlight the extensive Stockwork Zone mineralization at the El Tigre Project.” Mr. Jessome further stated, “The last and final assay results from Geotechnical drilling will be released in the coming weeks, completing the assay results from the PFS study.”

On May 20th, Silver Tiger has completed PFS Drilling, totalling 24,550 metres focused on expanding the Mineral Resource, upgrading the classification, completing metallurgical test work and geotechnical studies as it progresses from an exploration to a development project. The value-added PFS progress is on schedule for publication in H2-2024.


Figure 2: Stockwork Zone – Plan View



Highlights from the on-going Pre-Feasibility Study Drilling Program include the following:

• Expanding known mineralization by 10 to 15%, to the footwall and hanging wall zones, as well as the higher-grade ‘Keel’ at PEA pit bottom associated with the El Tigre and SK Veins;
• Converting first two to three years of mineralized material in the potential ‘Starter Stockwork Zone’ from Indicated Mineral Resource to Measured;
• Converting a significant portion of the 2 km strike length ‘ultimate̵7; PEA pit-constrained Inferred Mineral Resource to Indicated;
• Completion of enhanced PFS Metallurgical Drilling, with samples underway comminution and leach testing; and
• Completion of enhanced PFS Geotechnical Drilling, with samples undergoing testing.

[stu31] 30/7/2024 19:33

HALIFAX, NOVA SCOTIA – JULY 30, 2024 – Silver Tiger Metals Inc. (TSXV:SLVR and OTCQX:SLVTF) ("Silver Tiger" or the “Company”;) is pleased to provide an update on the first 138 drill holes of the Company’s Pre-Feasibility Study (“PFS”) drilling program on its El Tigre Project in Sonora, Mexico. These new results are highlighting the expansion of stockwork mineralization in the Keel Zone, now projecting mineralization 100 metres below the PEA designed pit.

Drill hole ET-24-609 has intersected significant mineralization in the HW Stockwork Zone, and the Keel Zone in both El Tigre and Seitz Kelly veins. The hole intersected 50.7 metres grading 155.0 g/t silver equivalent or 2.07 g/t gold equivalent, consisting of 0.17 g/t gold and 142.1 g/t silver, from 178.4 to 229.1 metres in the Keel Zone of the Seitz Kelly vein. The interval also includes 14.3 metres grading 334.3 g/t silver equivalent or 4.46 g/t gold equivalent from 198.4 to 212.7 metres, consisting of 0.20 g/t gold and 319.5 g/t silver. This hole highlights the high-grade Keel Zone in the Seitz Kelly Vein, some 100 metres below the PEA pit (Figure 1).

The hole also intersected 40.0 metres grading 80.7 g/t silver equivalent or 1.08 g/t gold equivalent, consisting of 0.09 g/t gold and 74.1 g/t silver, from 124.4 to 164.4 metres in the Keel Zone of the El Tigre vein some 50 metres below the PEA pit. The interval also includes 17.3 metres grading 143.8 g/t silver equivalent or 1.92 g/t gold equivalent from 145.1 to 162.4 metres, consisting of 0.12 g/t gold and 134.7 g/t silver (Figure 1).

In the Hanging Wall gold stockwork zone, the hole cut two significant zones of gold and silver mineralization including 24.2 metres from 3.7 to 27.9 metres grading 58.1 silver equivalent or 0.77 g/t gold equivalent, consisting of 0.76 g/t gold and 0.8 g/t silver, and 53.8 metres from 51.4 to 105.2 metres grading 44.7 silver equivalent or 0.60 g/t gold equivalent, consisting of 0.56 g/t gold and 2.8 g/t silver (Figure 1).

Silver Tiger’s CEO, Glenn Jessome, stated, “As we progress to a PFS release in September 2024 we continue to receive promising assay results, especially in the newly defined Keel Zone and high-grade El Tigre and Seitz Kelly veins” Mr. Jessome further stated, “These results further de-risk the project, as we increase the confidence and size of the new MRE as we are now discovering stockwork mineralization 100 meters below the PEA designed pit.”

On May 20th, Silver Tiger has completed PFS Drilling, totalling 24,550 metres focused on expanding the Mineral Resource, upgrading the classification, completing metallurgical test work and geotechnical studies as it progresses from an exploration to a development project. The value-added PFS progress is on schedule for publication in H2-2024.

Silver Tiger Attends the 2024 Precious Metals Summit in Beaver Creek, Colorado

Silver Tiger is attending the 2024 Precious Metals Summit in Beaver Creek, Colorado on September 10 to 13, 2024. Glenn Jessome, Silver Tiger's CEO, will be delivering a presentation.

[stu31] 17/7/2024 18:05

El Tigre: From Historic Mine to Next Great Silver Producer | Glenn Jessome - Silver Tiger Metals

[stu31] 08/7/2024 14:52

Mexico's enormous opportunity under Claudia Sheinbaum

[stu31] 12/6/2024 16:24

John Feneck Interviews Silver Tiger (SLVTF) CEO Glenn Jessome

[stu31] 05/6/2024 20:14

Top Silver Development Projects Offer Exposure to Rising Industrial Demand

[stu31] 30/5/2024 00:25

2024 Rule Symposium Preview - Silver Tiger Metals

[stu31] 30/5/2024 00:21

SILVER TIGER INTERSECTS 1.0 METER OF 12,851.5 g/t SILVER EQUIVALENT
WITHIN 16.0 METERS OF 875.6 g/t SILVER EQUIVALENT
IN THE TIGRE VEIN AND KEEL ZONE
HALIFAX, NOVA SCOTIA – May 22, 2024 – Silver Tiger Metals Inc. (TSXV:SLVR and
OTCQX:SLVTF) ("Silver Tiger" or the “Company”;) is pleased to provide an update on the first 95 drill holes for the Company’s ongoing Pre-Feasibility Study (“PFS”) drilling program on the Stockwork deposit on its El Tigre Project in Sonora, Mexico. These new results are highlighting the high-grade mineralization beneath the floor of the 2023 PEA Open Pit in the Keel Zone and expansion of the PEA Starter Pit to the north.
Drill hole ET-24-568 cut 16.0 metres grading 875.6 g/t silver equivalent or 11.67 g/t gold equivalent from 155.0 to 171.0 metres, consisting of 409.9 g/t silver and 6.21 g/t gold and INCLUDING 1.0 metres grading 12,851.5 g/t silver equivalent or 171.35 g/t gold equivalent from 161.0 to 162.0 metres consisting of 6,034.0 g/t silver and 90.90 g/t gold and in the Keel Zone (Figures 1 & 2). The hole passed through the El Tigre vein located some 15m beneath the floor of the PEA Open Pit and is referred to as the Keel Zone.

Silver Tiger’s CEO, Glenn Jessome, stated, “As we continue receiving promising assay results, it is apparent that the developing “Starter Pit” and “Keel Zone” show excellent grade and continuity.” Mr. Jessome further stated, “The results may increase the updated MRE associated with the PFS-level study which we expect to deliver by September 2024, which will also further de-risk the project.” Mr. Jessome
continued, “We contemplate being able to make a build decision based on our upcoming PFS.”
Silver Tiger has completed 24,500 metres of a 25,000 metre drilling program focused on expanding the Mineral Resource, up-grading the classification, completing metallurgical testwork and geotechnical studies as it progresses from an exploration to a development project. The value-added PFS progress is on schedule for publication in H2-2024.

[stu31] 30/5/2024 00:17

365m shares in issue. 396.1m FD. Market Cap C$91m (£54m) at 25c
Cash C$m (5/24). Insider 7%

website:

Total Measured & Indicated Mineral Resource of 200 Moz AgEq grading 92 g/t AgEq contained in 68.0 million tonnes (“Mt”);
Inferred Mineral Resource of 84 Moz AgEq grading 180 g/t AgEq contained in 14.5 Mt

Highlights of the PFS are as follows (all figures in US dollars unless otherwise stated):
• After-Tax net present value (“NPV”) (using a discount rate of 5%) of US$222 million with an After-Tax IRR of 40.0% and Payback Period of 2.0 years (Base Case);
• 10-year mine life recovering a total of 43 million payable silver equivalent ounces (“AgEq”) or 510 thousand payable gold equivalent ounces (“AuEq”), consisting of 9 million silver ounces and 408 thousand gold ounces;
• Total Project undiscounted after-tax cash flow of US$318 million;
• Initial capital costs of $86.8 million, which includes $9.3 million of contingency costs, over an expected 18-month build, expansion capital of $20.1 million in year 3 and sustaining capital costs of $6.2 million over the life of mine (“LOM”);
• Average LOM operating cash costs of $973/oz AuEq, and all in sustaining costs (“AISC”) of $1,214/oz AuEq or Average LOM operating cash costs of $12/oz AgEq, and all in sustaining costs (“AISC”) of $14/oz AgEq;
• Average annual production of approximately 4.8 million AgEq oz or 56.7 thousand AuEq oz; and
• Three (3) years of production in the Proven category in the Phase 1 Starter Pit.

2025 Objectives:
PEA for permitted underground Q1 25 followed by construction decision
N.B. No permit for open pit yet, permit amendment expected in Q1 25

Silver Tiger gets ready to build in 2025

[m1d1] 05/11/2010 12:29

jp morgan caught manipulating silver dyor .

[340r] 23/9/2008 08:29

Any idea's on why the spread is still so large?

[bjed] 22/9/2008 16:04

started trading again today. large spread 7% initially

[bjed] 20/9/2008 06:39

Still suspended

[huntie2] 05/3/2008 16:35

Cheers, Eriksay

[eriksay] 05/3/2008 15:54

Huntie - Try the PHAG and Ag threads

[huntie2] 05/3/2008 15:51

ot an entry onhere since November - can't be because there's been a shortage of activity!