Silver Tiger keeps getting very meaningful drill results on its El Tigre property in Sonora, Mexico. For example, the company announced on July 13th the following result:
“Silver Tiger intersects 2,063.3 g/t AgEq over 0.5 meters within a broader interval of 10.8 meters grading 368.6 g/t AgEq in drill hole 21-231”https://silvertigermetals.com/
The results provide clues about the potential for their deposit; it’s going to be yet another good primary silver mine in Mexico. Stop me if you have heard this story before. What makes Silver Tiger a little bit different is that the majority of this property has not been explored. Sure, there were over 67 million ounces of silver and 353,000 ounces of gold mined right up until the Great Depression when the price of silver collapsed and force many primary silver mines to close.
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However, the majority of the resource strike and the existing vein systems have had no mining done on them. The company has produced its maiden 43-101 resource report, which includes a total indicated and inferred of 36 million ounces of silver and 550 thousand ounces of gold. Further exploration work could drive those numbers higher.
The management team has been developing metals projects for 25 years and has a track record of success. Silver Tiger is therefore another in a long line of success stories for management, and hence, a juicy target for investors looking at serially successful mining companies that have produced the goods before.