RED CLOUD
Red Cloud Securities, David Talbot
Silver Tiger Metals Inc. (TSXV:SLVR, BUY, C$1.00 target, David A. Talbot) intersected high-grade results in the Footwall Discovery zone at its 100%-owned, El Tigre Ag-Au project in Sonora, Mexico. Highlight drill hole (ET-21-236) returned 2,025.7 g/t AgEq over 1.7m within a broader interval of 870.3 g/t AgEq over 7.2m. These high grades were located 25m to the north of the discovery hole. The crackle breccia zone is strongly silicified, and hosts disseminated pyrite and stringers/veinlets of quartz-pyrite-galena-sphalerite and chalcopyrite. The Sooy vein from the same hole returned 427.8 g/t AgEq over 5.7m including 1,039.3 g/t over 0.8m. The other Sooy vein intercepts hit 833.7 g/t AgEq over 5.4m including 2,036.4 g/t over 1.3m (ET-21-241), and 1,495.3 g/t AgEq over 1.6m including 2,559.2 g/t over 0.9m (ET-21-246). Broad intercepts of polymetallic mineralization with high-grade cores continue to define the entire trend. Results from these five holes all occur to the north and within 50m of the Footwall Vein discovery hole ET-21-202, which returned 381.9 g/t AgEq over 22.2m including 787.5 g/t over 6.9m, and all appear somewhat higher grade than many previous results. Although these results don’t cover much of the trend, they do head to the north where drilling is less common. Continuity of the trend below and to the north of the existing El Tigre resource continues to take shape and should be beneficial when a resource update is estimated. The new crackle breccia style of mineralization provides another target horizon to test, and its grades compare well to previous drilling within the Sooy vein itself. We believe these results should increase the potential upside at El Tigre with resource expansion on the horizon and are expected to help drive the stock forward.