Silver Tiger Metals preparing to release Preliminary Economic Assessment for new silver project
June 08, 2023 at 10:47 pm IST
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Silver Tiger Metals President and CEO Glenn Jessome joins Natalie Stoberman from the Proactive studios to discuss its track record of silver exploration and development in Mexico, particularly at the El Tigre Mine District.
Jessome says the company has 27 years of mining development experience in Mexico which includes building three mines and selling another three to major mining companies. He adds the company's latest progress has led to the preparation of a new Preliminary Economic Assessment (PEA) and a resource update to be released in the coming months. Jessome adds that Silver Tiger Metals has successfully raised almost $100 million in the last three and a half years, attracting institutional capital from renowned investment banks.
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Silver Tiger Metals Inc. is a Canada-based company, which is engaged in exploring and developing the historic EL Tigre Mine District in Mexico. Its 100% owned 28,414 hectares historic El Tigre Mining District is located in Sonora, Mexico. The El Tigre historic mine district lies at the northern end of the Sierra Madre silver and gold belt which hosts many epithermal silver and gold deposits, including Dolores, Santa Elena and Las Chispas at the northern end. The El Tigre silver and gold deposit is related to a series of epithermal veins controlled by a north-south trending structure cutting across the andesitic and rhyolitic tuffs of the Sierra Madre Volcanic Complex within a silver and gold mineralized propylitic alteration zone developed in the El Tigre Formation that can be up to 150 meters. Its exploration at El Tigre has identified four mineralization styles, including epithermal veins, stockwork zone, black shale zone and sulfide zone.