Silver Tiger Metals provides update on pre-feasability study drilling

Silver Tiger Metals provides an update on the Company’s ongoing Pre-Feasibility Study drilling program on the Stockwork gold deposit on its El Tigre Project in Sonora, Mexico. Silver Tiger has completed 22,000 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. Three main areas of the Stockwork mineralization are being targeted and show potential for expansion: a) the footwall, b) the hanging wall and c) bottom ‘keel’. After releasing the first 40 drill holes of the program, the Company is pleased to announce conversion, expansion and derisking of the potential ‘Starter Stockwork Zone’ The near-surface Stockwork Zone, and high-grade Keel Zone seen in below highlighted intercepts: Drill hole ET-23-497: 116.0 metres grading 0.68 g/t gold equivalent or 51.2 g/t silver equivalent from 37.0 to 153.0 metres, consisting of 0.40 g/t gold and 21.1 g/t silver INCLUDING 25.0 metres grading 0.99 g/t gold equivalent or 74.4 g/t silver equivalent from 107.0 to 132.0 metres consisting of 0.37 g/t gold and 46.8 g/t silver in the Stockwork Zone. Drill hole ET-23-504: 115.8 metres grading 0.61 g/t gold equivalent or 46.1 g/t silver equivalent from 37.2 to 153.0 metres, consisting of 0.49 g/t gold and 9.2 g/t silver INCLUDING 23.5 metres grading 1.09 g/t gold equivalent or 81.9 g/t silver equivalent from 37.2 to 60.7 metres consisting of 0.89 g/t gold and 15.2 g/t silver in the Stockwork Zone. Drill hole ET-23-506: 80.0 metres grading 1.09 g/t gold equivalent or 82.0 g/t silver equivalent from 6.0 to 86.0 metres, consisting of 0.75 g/t gold and 25.6 g/t silver INCLUDING 47.5 metres grading 1.55 g/t gold equivalent or 115.9 g/t silver equivalent from 34.5 to 82.0 metres consisting of 1.08 g/t gold and 34.7 g/t silver gold in the Stockwork Zone. Drill hole ET-23-514: 34.4 metres grading 1.76 g/t gold equivalent or 131.9 g/t silver equivalent from 167.0 to 201.4 metres, consisting of 0.72 g/t gold and 78.0 g/t silver INCLUDING 0.8 metres grading 30.17 g/t gold equivalent or 2,263.0 g/t silver equivalent from 188.6 to 189.4 metres consisting of 16.60 g/t gold and 1,018.0 g/t silver in the Keel Zone.