Silver Tiger Metals provides update on progress of pre-feasability study

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. The Company continues to advance and de-risk the Stockwork Deposit. A 25,000 metre drilling program focused on Mineral Resource expansion and classification, metallurgical and geotechnical as it progresses from an exploration to a development project. The value-added PFS progresses on schedule for publication in H2-2024. Goals of the PFS drilling programs are to: de-risk the project with enhanced metallurgical and geotechnical review; increase confidence of the Mineral Resource with in-fill drilling in the near-surface ‘Starter Pit’; and expand the known Mineral Resource through targeted drilling. During the PEA review, it was observed that three main areas of the Stockwork mineralization lacked adequate drilling and had potential for expansion: the footwall, the hanging wall and bottom ‘keel’. Now, after releasing the first 15 drill holes of the program, the Company is pleased to announce conversion, expansion and de-risking of the potential ‘Starter Pit’. Near-surface, Stockwork Zone, seen in below highlighted intercepts: Drill hole ET-23-479: 54.0 metres grading 0.85 g/t gold equivalent or 63.7 g/t silver equivalent or from 22.0 metres to 76.0 metres, consisting of 10.1 g/t silver and 0.71 g/t gold and 53.5 metres grading 110.0 g/t 1.47 g/t gold equivalent or silver equivalent from 96.5 metres to 150.0 metres consisting of 19.5 g/t silver and 1.21 g/t gold including 22.1 metres grading 2.06 g/t gold equivalent or 154.4 g/t silver equivalent from 97.9 metres to 120.0 metres consisting of 5.9 g/t silver and 1.98 g/t gold in the Stockwork Zone; Drill hole ET-23-486: 79.0 metres grading 0.86 g/t gold equivalent or 64.5 g/t silver equivalent from 104.0 metres to 183.0 metres, consisting of 31.3 g/t silver and 0.44 g/t gold including 26.0 metres grading 1.60 g/t gold equivalent or 119.7 g/t silver equivalent from 158.0 metres to 184.0 metres consisting of 85.2 g/t silver and 0.46 g/t gold in the Stockwork Zone; Drill hole ET-23-489: 89.5 metres grading 0.89 g/t gold equivalent or 67.1 g/t silver equivalent from 101.0 metres to 190.5 metres, consisting of 22.3 g/t silver and 0.60 g/t gold including 10.0 metres grading 1.50 g/t gold equivalent or 112.6 g/t silver equivalent from 110.0 metres to 120.0 metres consisting of 4.1 g/t silver and 1.45 g/t gold in the Stockwork Zone; and Drill hole ET-23-494: 78.1 metres grading 0.75 g/t gold equivalent or 56.5 g/t silver equivalent from 0.0 metres to 78.1 metres, consisting of 22.9 g/t silver and 0.45 g/t gold including 15.3 metres grading 0.93 g/t gold equivalent or 70.1 g/t silver equivalent from 3.0 metres to 18.3 metres consisting of 28.1 g/t silver and 0.56 g/t gold in the Stockwork Zone.