Silver Tiger Metals, Inc. · TSX:SLVR

Silver Tiger Metals — Technical Presentation (November 2020)

26 slides from Silver Tiger Metals's technical presentation, Nov 2, 2020

  1. Slide 1: History, Production and Geology of the El Tigre District

    History, Production and Geology of the El Tigre District History, Production and Geology of the El Tigre District

  2. Slide 2: Location of El Tigre District

    Location of El Tigre District  Located in the Sierra El Tigre, northeastern Sonora, Mexico  District located 90 kilometers SSE of Aqua Prieta on the US-Mexico border

  3. Slide 3: Location of Main Features

    Location of Main Features North Area El Tigre Town Site South Area Main Production

  4. Slide 4: Economic Term of Reference-Silver Price

    Economic Term of Reference-Silver Price Operation Anaconda Period Period > < ><

  5. Slide 5: 1896 to 1903—The Discovery Period

    1896 to 1903—The Discovery Period  The district was discovered in about 1896 by James Taylor, an American prospector  Taylor found gold streaks in the Gold Hill area near the Brown shaft  The name “El Tigre” comes from one of Taylor’s men shooting a mountain lion or ocelot near the discovery. Thi

  6. Slide 6: 1896 to 1903—The Discovery Period

    1896 to 1903—The Discovery Period Looking South Gold Hill Looking North El Tigre Vein Silver averaged $0.56/oz

  7. Slide 7: 1903 to 1910 Early Mine Development

    1903 to 1910 Early Mine Development  Mining initiated in 1903 in the Brown Shaft area for gold  Focus soon switched to silver because of very high grades  Milling operation started at 75 tons per day, soon after increased to 100 tons per day  Level 7 driven to haul ore from mine to mill  Concen

  8. Slide 8: 1903 to 1910 Early Mine Development

    1903 to 1910 Early Mine Development  Power for mill supplied by boilers fired by charcoal  Charcoal cost $15/ton, Wood at $4.32/cord, 13,500 cords/yr  Charcoal created in 4 ovens supplied by 50 men, 150 mules  Forests extensively logged off above town site  Continued mill expansion made charcoa

  9. Slide 9: 1903 to 1910 Early Mine Development

    1903 to 1910 Early Mine Development

  10. Slide 10: 1910 to 1920 Mexican Revolution

    1910 to 1920 Mexican Revolution Silver Averaged $0.73/oz High was $1.33 in 1919

  11. Slide 11: 1910 to 1920 Mexican Revolution

    1910 to 1920 Mexican Revolution Period of Major Expansion  The Mexican Revolution was a revolt against a dictatorship and a desire for freedom  The Revolution greatly impacted the mine in 1912  Some Tigre miners joined the revolt  All Americans were evacuated  Nearby Mormon wheat farmers at Col

  12. Slide 12: 1910 to 1920 Mexican Revolution

    1910 to 1920 Mexican Revolution Period of Major Expansion  Electric power from a 65 mile line is delivered from Douglas in June 1911 to run new mill  Charcoal production abandoned  Mining expanded into multiple levels  Milling operation increased to 200 tons per day  Cyanide introduced in 1910,

  13. Slide 13: 1910 to 1920 Mexican Revolution

    1910 to 1920 Mexican Revolution Period of Major Expansion A Crime is Committed  July 10, 1918 – Murder of the Mine Superintendent  Byron Janes shot in back by Pedro Cabajal near mine office on trail from Level 4  Disgruntled ex-employee, was a trammer  Never captured  Family settled for $25,000

  14. Slide 14: 1910 to 1920 Mexican Revolution

    1910 to 1920 Mexican Revolution Period of Major Expansion  Technical Advances Recorded in Public Documents  1912, Forbes, Treatment of El Tigre Silver Ores  1913, Malcolmson*, Electric Power Installation  1917 – Mischler, Determining Capacities of Slime Tanks * Malcolmson, Mine Manager up to Dec

  15. Slide 15: 1910 to 1920 Mexican Revolution

    1910 to 1920 Mexican Revolution Period of Major Expansion  Technical Advances Recorded in Public Documents  1920 – Mischler, Geology of El Tigre District Silver Averaged $0.73/oz High was $1.33 in 1919

  16. Slide 16: 1910 to 1920 Mexican Revolution

    1910 to 1920 Mexican Revolution Rock Types El Tigre Tuff Granite Basement Cliff Fm Flat Fm-thin bedded tuffs Nodular Fm Devitrified glass

  17. Slide 17: 1910 to 1920 Mexican Revolution

    1910 to 1920 Mexican Revolution Period of Major Expansion  Total Production of the mine from 1903 to early 1920  700,000 tons ore  Gold averaged 0.25 opt  Silver averaged 39.0 opt  Copper averaged 0.25%  Lead averaged 1.0%  Zinc averaged 1.5%  Total Silver produced was 27,300,000 ounces  To

  18. Slide 18: 1921 to 1928 Peak Production to Decline

    1921 to 1928 Peak Production to Decline  Total Production of the mine from 1903 to end of 1924  1,000,000 tons ore  Gold averaged 0.25 opt  Silver averaged 40.0 opt  Copper averaged 0.4%  Lead averaged 1.1%  Zinc averaged 1.5%  Total Silver produced was 40,000,000 ounces  Total Gold produce

  19. Slide 19: 1921 to 1928 Peak Production to Decline

    1921 to 1928 Peak Production to Decline  Technical Advances Recorded in Public Documents  1925, Mischler, Mining Methods and Ore Estimation Silver Averaged $0.73/oz 1925, Mischler, Mining Methods and Ore Estimation High was $1.33 in 1919

  20. Slide 20: 1921 to 1928 Peak Production to Decline

    1921 to 1928 Peak Production to Decline  Ore Mineralogy  Tetrahedrite  Stromeyerite  Sphalerite  Galena  Pyrite  Chalcopyrite  Gangue content  Kaolinized rhyolite  Silicified rhyolite  Grade  Clean sulfide concentrate was 550 opt silver ET 26  Vein seams of 1.7 feet ran 73 opt Ag 731 gm

  21. Slide 21: 1921 to 1928 Peak Production to Decline

    1921 to 1928 Peak Production to Decline  1928 Annual Production  82,480 tons (about 225 tons per day)  2,599,485 oz Ag  9,684 oz Au  Average grades calculated at 31.5 opt Ag and 0.12 opt Au  Total forward calculated production through 1928 at 225 tpd is:  1,330,000 tons  50,400,000 oz Ag  2

  22. Slide 22: 1929 to 1932 Decline

    1929 to 1932 Decline 1930 El Tigre Vein Development 1930 Seitz Kelly Vein Development 1930 Sooy Vein Development Silver Averaged $0.34/oz

  23. Slide 23: 1933 to 1938 The End of the Early Era

    1933 to 1938 The End of the Early Era  Very little known about this Period  Development focuses on Seitz Kelly vein and remnants  Mine reported to be shut down in 1938 due to continued low silver prices and uneconomic grades remaining  Abundant lower grade (10-15 opt Ag) remains in mine  Estima

  24. Slide 24: 1933 to 1938 The End of the Early Era

    1933 to 1938 The End of the Early Era Seitz Kelly Silver Averaged $0.48/oz

  25. Slide 25: Other Operations of Lucky Tiger

    Other Operations of Lucky Tiger  Lucky Tiger Combination Mining Company  El Tigre Mining Company—El Tigre Mine/Mill  El Tigre Leasing Company—La Quemada Mine/Mill, Jalisco  North Tigre Mining Company—Leased Protectora Vein Mine/Mill  Buckskin National Mine, Nevada  American Girl Mine, Californ

  26. Slide 26: 1982 to 1984 The Anaconda Period

    1982 to 1984 The Anaconda Period  Exploration option obtained from Talaman Oct 81 to Feb 84 • Extensive geologic mapping, rock sampling and general reconnaissance work • Drilled 21 core holes, 7,813 meters • Drove 352 meter tunnel into Fundadora vein, North Area  Original objective was to find hig

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