Desjardins Capital Markets
We continue to assign a Buy rating to Silver Tiger as we believe the potential presented by the discovery of the shale horizon last yearremains underappreciated by the market. In total, 14 holes have now intercepted the shale horizon, which is hypothesized to contain metalsthrough the absorpsion of the nearby mineralized quartz veins. Of these 14 holes, the average width has been 13 metres, with a weighted average grade of 580g/t Ageq. Exhibit 1 highlights where the shale horizon has been discovered and traced along the known veins. The discovery hole ET-20-202 was discovered along with the Sooy vein while follow-up drilling hasfoundmineralized shale ~1kmnorth and ~1.5kmsouth along Sooy; the same phenomenon was discovered further east as well, along parallel veins. While the grades seen through the shale layer are not unprecedented for the El Tigre property, the widths of these high-grade intercepts are.
Dont forget, SIL grade is 750g/t Ag Eq, so this latest drill results are excellent !
Hold on, cheers