SILVER TIGER METALS INC - SLVTF STOCK NEWS

Silver Tiger Metals has commenced its underground drilling campaign at the El Tigre Project in Sonora, Mexico, targeting Veins, Sulfide Zone, and Shale Zone. The company plans to complete a Preliminary Economic Assessment (PEA) for the underground component in H1-2025. The 5,000-meter drilling program is being conducted from a 400-meter-long rehabilitated haulage-way, with assays expected before EOY 2024. The project shows significant exploration potential with an Exploration Target of 10 to 12 million tonnes at 225 to 265 g/t AgEq for 73 to 100 Moz AgEq.

Silver Tiger Metals (TSXV: SLVR) (OTCQX: SLVTF) has announced its participation in the 50th Annual New Orleans Investment Conference scheduled for November 22nd at the Hilton New Orleans Riverside. Devin Devarennes, VP Investor Relations, will deliver an investor presentation and conduct one-on-one meetings with investors. The conference, known for attracting leading analysts and investors globally, will feature discussions on major asset classes, including Silver Mining.

Silver Tiger announced a Preliminary Feasibility Study (PFS) for its El Tigre Silver-Gold Project in Sonora, Mexico. Key highlights include:

NPV: US$222 million (5% discount rate) with a 40% IRR and a 2-year payback period.

Mine Life: 10 years, recovering 43 million payable silver equivalent ounces (AgEq).

Financials: Total after-tax cash flow of US$318 million, initial capital costs of $86.8 million, expansion capital of $20.1 million in year 3, and sustaining capital costs of $6.2 million.

Costs: Average operating cash costs of $973/oz AuEq and AISC of $1,214/oz AuEq.

Production: Average annual production of 4.8 million AgEq oz.

The updated Mineral Resource Estimate (MRE) shows:

• 200 Moz AgEq grading 92 g/t AgEq in Measured & Indicated categories.
• 84 Moz AgEq grading 180 g/t AgEq in Inferred category.

The PFS was prepared by independent consultants, with metallurgical test work and process plant design contributing to the robust economic outlook of the project.

Silver Tiger Metals (TSXV:SLVR, OTCQX:SLVTF) has reported results from the final geotechnical holes of its Pre-Feasibility Study (PFS) drilling program at the El Tigre Project in Sonora, Mexico. Key highlights include:

- Drill hole ET-23-513 intersected 126.6m of 0.77 g/t gold equivalent from 7.4m depth, including 19.6m of 1.68 g/t gold equivalent

- Results confirm strong near-surface mineralization in the Stockwork Zone

- PFS drilling program totaled 24,550 meters, expanding known mineralization by 10-15%

- Updated Mineral Resource Estimate shows Indicated Resource of 818,000 oz AuEq at 0.59 g/t

The company aims to publish the PFS in H2 2024, transitioning El Tigre from exploration to development stage. CEO Glenn Jessome stated these results further de-risk the project and increase confidence in its potential.

Silver Tiger Metals (TSXV:SLVR, OTCQX:SLVTF) has reported promising results from its Pre-Feasibility Study drilling program at the El Tigre Project in Sonora, Mexico. Key highlights include:

- Drill hole ET-24-609 intersected 50.7 metres grading 155.0 g/t silver equivalent in the Keel Zone of the Seitz Kelly vein, including 14.3 metres of 334.3 g/t silver equivalent.

- The drilling has expanded known mineralization by 10-15% and is projecting mineralization 100 metres below the PEA designed pit.

- The company has completed 24,550 metres of PFS drilling, focusing on expanding and upgrading the mineral resource.

- Silver Tiger is on track to publish its Pre-Feasibility Study in H2-2024, progressing from exploration to development stage.

Silver Tiger Metals reported notable drilling results from its El Tigre Project in Sonora, Mexico, as part of its Pre-Feasibility Study (PFS). Key findings include:

Drill hole ET-24-592 intersected 59.0 meters grading 66.7 g/t silver equivalent, including 2.0 meters at 635.1 g/t silver equivalent.

Drill hole ET-24-590 found 72.0 meters at 60.8 g/t silver equivalent, with a highlight of 24.0 meters at 90.2 g/t silver equivalent.

Drill hole ET-24-588 confirmed high-grade mineralization with 22.0 meters at 101.5 g/t silver equivalent.

These results extend the known mineralization north and south of the Starter Pit, enhancing the project's mineral resource estimate (MRE).

CEO Glenn Jessome indicated that the PFS is de-risking the project, with a report expected by September 2024. The PFS drilling program has completed 24,550 meters, focusing on resource expansion and classification upgrades. The updated MRE shows 43.0 million tonnes of indicated resources at 0.59 g/t AuEq and 11.5 million tonnes of inferred resources at 0.72 g/t AuEq.

Silver Tiger Metals provided an update on its El Tigre Project in Sonora, Mexico. Key highlights include results from 110 drill holes in the Pre-Feasibility Study (PFS) drilling program, revealing significant mineralization.

Drill hole ET-24-583 showed 79.5m of gold equivalent at 1.13 g/t from the surface. ET-24-571 intersected 44.2m at 1.00 g/t gold equivalent from the surface. ET-24-576 discovered 41.1m of 1.03 g/t gold equivalent. CEO Glenn Jessome noted the expansion potential in the Footwall and Keel Zones.

The PFS drilling completed 24,550 metres and aims to expand the Mineral Resource, upgrade classification, and complete metallurgical and geotechnical studies. The updated Mineral Resource Estimate (MRE) reported 43 million tonnes in the Indicated category with 818,000 ounces of gold equivalent.

The PFS report is scheduled for publication in H2-2024.

Silver Tiger Metals has reported significant high-grade drilling results from its El Tigre Project in Sonora, Mexico, as part of its ongoing Pre-Feasibility Study (PFS). Highlights include a one-meter intersection grading at 12,851.5 g/t silver equivalent within a 16-meter section grading at 875.6 g/t silver equivalent from the Keel Zone. The drilling program has completed 24,500 meters out of a planned 25,000 meters and aims to expand and upgrade the mineral resource. The company expects the updated Mineral Resource Estimate (MRE) by September 2024. CEO Glenn Jessome emphasized that these results could significantly increase the project's resource base and reduce associated risks. The PFS is set to be published in the second half of 2024.

Silver Tiger Metals Inc. provided an update on its Pre-Feasibility Study drilling program for the Stockwork gold deposit at its El Tigre Project in Mexico. The company has completed 23,500 meters out of 25,000 meters, focusing on expanding Mineral Resource, upgrading classification, and completing metallurgical and geotechnical studies. The program targets three main areas - footwall, hanging wall, and bottom 'keel'. Significant intercepts include 32.0 meters of 1.36 g/t gold equivalent within 81.1 meters of 0.94 g/t gold equivalent. The CEO mentioned excellent grade and continuity in the 'Footwall' and 'Keel Zones', potentially increasing the Mineral Resource Estimate and de-risking the project.