Silver Tiger provides update on pre-feasability study drilling on Stockwork

Silver Tiger Metals provided 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 23,500 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. Three main areas of the Stockwork gold deposit are being targeted and show potential for expansion: the footwall, the hanging wall and bottom ‘keel’. After releasing the first 75 drill holes of the program, the Company is pleased to announce conversion, expansion and derisking of the potential ‘Starter Stockwork Zone’. The Stockwork gold deposit, comprised of the Footwall, Hanging Wall and high-grade Keel Zones, is seen in the below highlighted intercepts: Drill hole ET-23-541: 79.5 metres grading 0.75 g/t gold equivalent or 56.1 g/t silver equivalent from 92.5 to 172.0 metres, consisting of 0.52 g/t gold and 17.4 g/t silver INCLUDING 26.5 metres grading 1.19 g/t gold equivalent or 89.3 g/t silver equivalent from 94.0 to 120.5 metres consisting of 1.08 g/t gold and 8.0 g/t silver in the Hanging Wall Zone. Drill hole ET-23-543: 40.2 metres grading 1.21 g/t gold equivalent or 90.7 g/t silver equivalent from 148.0 to 188.2 metres, consisting of 0.84 g/t gold and 27.9 g/t silver INCLUDING 23.0 metres grading 1.72 g/t gold equivalent or 129.3 g/t silver equivalent from 152.0 to 175.0 metres consisting of 1.22 g/t gold and 37.9 g/t silver in the Keel Zone. Drill hole ET-23-548: 71.0 metres grading 0.67 g/t gold equivalent or 50.6 g/t silver equivalent from 0.0 to 71.0 metres, consisting of 0.62 g/t gold and 3.9 g/t silver INCLUDING 18.5 metres grading 1.36 g/t gold equivalent or 101.7 g/t silver equivalent from 39.5 to 58.0 metres consisting of 1.32 g/t gold and 2.4 g/t silver in the Footwall Zone. Drill hole ET-23-550: 81.1 metres grading 0.94 g/t gold equivalent or 70.3 g/t silver equivalent from 43.5 to 124.5 metres, consisting of 0.90 g/t gold and 3.0 g/t silver INCLUDING 32.0 metres grading 1.36 g/t gold equivalent or 102.1 g/t silver equivalent from 54.0 to 86.0 metres consisting of 1.31 g/t gold and 3.6 g/t silver in the Footwall Zone and 21.0 metres grading 0.68 g/t gold equivalent or 50.1 g/t silver equivalent from 0.0 to 21.0 metres, consisting of 0.53 g/t gold and 10.5 g/t silver at the top of the hole. Silver Tiger’s CEO, Glenn Jessome, stated, “As we continue receiving promising assay results, it is apparent that the developing “Footwall” and “Keel Zones” shows excellent grade and continuity. The results may increase the updated MRE associated with the PFS-level study, as well as further de-risk the project.”