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Silver Tiger Announces Commencement of Underground Drilling on High-Grade Vein, Sulfide and Shale Zones and Expects To Deliver a PEA for the Underground in H1-2025
HALIFAX, NS / ACCESSWIRE / December 3, 2024 / Silver Tiger Metals Inc. (TSXV:SLVR) and (OTCQX:SL...
About this update from Silver Tiger Metals, Inc.
[{"type":"text","content":"Silver Tiger Announces Commencement of Underground Drilling on High-Grade Vein, Sulfide and Shale Zones and Expects To Deliver a PEA for the Underground in H1-2025HALIFAX, NS / ACCESSWIRE / December 3, 2024 / Silver Tiger Metals Inc. (TSXV:SLVR) and (OTCQX:SLVTF) (\"Silver Tiger\" or the \"Corporation\") 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 DillingThe 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 AssessmentThe 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 2 - Proposed Underground Drilling Campaign Exploration PotentialExploration potential at the El Tigre Project is substantial with prospective areas for exploration both down dip and along strike with ...