El Tigre Drills 1.4 Metres of 4,143 g/t Ag and 5.4 g/t Au including 0.45 Metres of 8,660 g/t Ag
May 14 2013 - 8:15AM
Marketwired Canada
El Tigre Silver Corp. (the "Company" or "El Tigre") (TSX
VENTURE:ELS)(FRANKFURT:5RT)(OTCQX:EGRTF) is pleased to report another round of
assay results from the 2013 drilling program that was concluded on April 12,
2013. A total of 38 holes were completed and 4,862 metres drilled. This drill
program is targeting a 1.2 kilometre stockwork zone on concessions that are part
of the Company's 431 square kilometre ownership in Sonora, Mexico.
The highest silver assay that was reported in this round of samples was in Hole
ET13-76 with 0.45 metres of 8,660 g/t Ag. The longest mineralized intercept from
this round of samples was in ET13-75 with 59 metres of 1.66 g/t Au equiv. The
company also reports these intervals as "core length" and is not "true width"
because not enough information exists at this time to determine true width.
This is the fifth round of assays reported by El Tigre, and it consists of six
drill holes (ET13-72 to 77). These holes covered were distributed over 500
metres of the zone and were centered on the Browns Shaft area on Mula Mountain.
El Tigre believes that the property hosts a classic caldera-related, epithermal
low sulphide vein system that extends 5.3 kilometres along strike. The drilling
program is focusing on the southern 1.2 kilometre zone that has potential for
bulk mineable gold associated with the historic high grade silver and gold
veins. All the silver and gold intercepts are oxidized to a reddish brown color
after pyrite and base metal minerals.
The following table identifies the most notable intervals in each hole. The
assay summary table lists all intervals for these holes.
Assay Interval Highlights:
ET13-75 with 39.5 metres of 0.79 g/t Au equivalent-4.6 g/t Ag and 0.7 g/t Au
and with 59 metres of 1.66 g/t Au equivalent-60.3 g/t Ag and 0.45 g/t Au
and with 1 metre of 19.29 g/t Au equivalent-767 g/t Ag and 3.95 g/t Au
ET13-76 with 1.4 metres of 88.27 g/t Au equivalent-4,143 g/t Ag and 5.41 g/t
Au
including 0.45 metres of 180.17 g/t Au equivalent-8,660 g/t Ag and 6.97
g/t Au
and with 0.7 metres of 23.94 g/t Au equivalent-1,122 g/t Ag and 1.5 g/t Au
ET13-77 with 19.6 metres of 1.45 g/t Au equivalent-6.4 g/t Ag and 1.32 g/t
Au
and with 22.5 metres of 0.58 g/t Au equivalent-9.34 g/t Ag and 0.39 g/t Au
and with 34.1 metres of 0.92 g/t Au equivalent-0.92 g/t Au
Assay Summary Table of mineralized intervals for Holes ET13-72 to 77:
Hole Num. From (m) To (m) Interval (m) Ag g/t Au g/t Au Equiv 50:1
ET13-72 0.00 2.00 2.00 (ii) 1.46 1.46
6.25 7.25 1.00 (ii) 0.21 0.21
9.40 10.40 1.00 (ii) 0.24 0.24
13.50 14.50 1.00 (ii) 0.48 0.48
33.55 35.00 1.45 (ii) 0.45 0.45
40.00 48.00 8.00 5.67 0.41 0.52
50.50 57.50 7.00 (ii) 0.38 0.38
63.00 66.00 3.00 (ii) 0.50 0.50
72.50 74.50 2.00 (ii) 6.03 6.03
132.00 133.00 1.00 56.00 0.14 1.26
138.50 140.40 1.90 18.90 (ii) 0.38
147.10 153.00 5.90 78.85 0.12 1.70
Includes 148.00 148.40 0.40 716.00 0.31 14.63
Includes 149.60 149.80 0.20 353.00 0.17 7.23
ET13-73 47.50 49.50 2.00 (ii) 0.21 0.21
93.50 94.50 1.00 27.50 (ii) 0.55
ET13-74 7.50 9.50 2.00 (ii) 0.43 0.43
22.40 25.45 3.05 (ii) 1.11 1.11
34.00 35.00 1.00 (ii) 0.96 0.96
37.00 46.50 9.50 (ii) 1.38 1.38
ET13-75 45.00 46.00 1.00 4.70 0.58 0.67
54.00 93.50 39.50 4.63 0.70 0.79
Includes 65.50 68.50 3.00 7.93 2.05 2.21
99.00 158.00 59.00 60.34 0.45 1.66
Includes 100.00 101.50 1.50 (ii) 2.16 2.16
Includes 114.50 122.50 8.00 46.02 0.29 1.21
Includes 125.50 137.65 12.15 27.80 0.24 0.80
Includes 137.65 138.65 1.00 767.45 3.95 19.30
Includes 137.65 138.10 0.45 1,340.00 7.67 34.47
Includes 138.65 146.40 7.75 47.41 0.31 1.26
Includes 146.40 147.30 0.90 741.00 0.49 15.31
Includes 148.50 153.40 4.90 43.30 0.25 1.12
Includes 153.40 154.20 0.80 780.00 0.70 16.3
Includes 154.20 158.00 3.80 39.14 0.65 1.43
ET13-76 34.10 35.10 1.00 (ii) 0.23 0.23
36.10 45.50 9.40 14.28 0.76 1.05
Includes 37.10 38.00 0.90 55.10 1.53 2.63
Includes 42.20 42.70 0.50 24.00 1.72 2.20
Includes 44.00 45.50 1.50 7.50 1.75 1.90
58.30 62.85 4.55 10.24 0.32 0.52
69.80 72.65 2.85 6.52 0.47 0.60
79.60 97.10 17.50 10.61 0.62 0.83
100.70 114.35 13.65 504.77 1.05 11.14
Includes 102.85 104.25 1.40 4,143.21 5.41 88.27
Includes 103.80 104.25 0.45 8,660.00 6.97 180.17
112.15 112.85 0.70 1,122.14 1.50 23.94
117.35 120.00 2.65 6.89 0.24 0.38
ET13-77 0.00 19.60 19.60 6.40 1.32 1.45
Includes 8.50 10.00 1.50 8.60 3.98 4.15
11.50 12.50 1.00 6.50 3.12 3.25
13.80 15.80 2.00 7.50 2.37 2.52
21.85 28.60 6.75 8.80 1.27 1.45
36.20 37.50 1.30 16.00 0.24 0.56
39.40 40.20 0.80 6.60 0.58 0.71
42.40 44.65 2.25 7.20 1.22 1.36
57.50 80.00 22.50 9.34 0.39 0.58
83.00 84.40 1.40 8.20 0.21 0.37
85.40 93.50 8.10 6.91 1.45 1.59
97.35 99.70 2.35 (ii) 1.51 1.51
102.70 104.70 2.00 (ii) 1.49 1.49
108.00 142.15 34.15 (ii) 0.92 0.92
Includes 110.00 111.00 1.00 (ii) 1.89 1.89
Includes 114.50 116.50 2.00 (ii) 1.79 1.79
Includes 119.70 121.00 1.30 (ii) 2.43 2.43
Includes 133.50 135.00 1.50 18.30 2.47 2.84
Includes 138.50 139.15 0.65 (ii) 2.13 2.13
Note 1: Assay cutoffs are 0.2 g/t Au and 10 g/t Ag with g/t as gram per
tonne.
Note 2: Drill hole direction, angle and depth.
----------------------------------------------------------------------------
Drill Hole Azimuth Angle Depth
----------------------------------------------------------------------------
ET13-72 92.0 -43.5 161.65
----------------------------------------------------------------------------
ET13-73 90.5 -57.5 146.40
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ET13-74 93.2 -72.5 70.15
----------------------------------------------------------------------------
ET13-75 92.3 -54.5 161.65
----------------------------------------------------------------------------
ET13-76 89.6 -71.6 140.30
----------------------------------------------------------------------------
ET13-77 94.1 -73.5 146.40
----------------------------------------------------------------------------
Note 3: (ii) Did not meet cut-off grade.
Note 4: All intervals reported as core length in metres.
Note 5: Gold Equivalent (Au Equiv) is calculated using a 50 to 1 ratio of
the dollar value of Ag and Au.
El Tigre's objective for this drilling program was to obtain up to 5,000 metres
of diamond drill core to provide sufficient information to develop a resource
model over the 1.2 kilometre long mineralized zone centered on Gold Hill and
Mula Mountain. This objective was met, and with the drill holes from 2011 and
2012, the Company has the data to complete a resource model and new technical
report. Any potential quantity and grade is conceptual in nature. There has been
insufficient exploration at the El Tigre Property to define a mineral resource.
It is uncertain if further exploration will result in discovery of a mineral
resource.
The Company is awaiting assay results for the last five core holes (ET13-78 to
82) and anticipates all assays to be completed by mid-May and the final report
to be made soon afterward.
Stuart Ross, President and CEO stated, "This year's drilling program has been
hugely successful as evidence by the excellent assays. We are looking forward to
getting all this information compiled once the final five holes are completed in
the assay lab. Our work will then focus on completing the planned NI 43-101
technical report with the El Tigre property's first resource model."
Quality Control-Quality Assurance: Drilling was performed by Major Drilling de
Mexico, SA de CV from Hermosillo, Sonora. The core is retrieved by El Tigre
geologists and taken to the secure core storage building for measuring, logging,
splitting and bagging. Standards and blanks are inserted randomly every 20
samples to ensure a high standard of quality assurance-quality control during
the assaying process. Prepared samples are then transported by El Tigre
geologists to Hermosillo to the Skyline Laboratories, Inc. shipment facility.
From there they are transported by Skyline personnel to Tucson Arizona where
they are crushed and pulped for assaying in the Skyline lab. Gold is derived
from a 30 gram charge, fire assayed and determined by gravimetric methods.
Silver is determined by first dissolving the sample in aqua regia followed by
Atomic Absorption (AA). Over limits are determined by fire assay and gravimetric
methods.
The technical content of this news release has been approved by Steven D. Craig,
CPG and Vice President of Exploration for El Tigre, a Qualified Person as
defined in NI 43-101.
About El Tigre Silver Corp.:
The Company, through its subsidiaries, holds the rights to 100% of nine mineral
concessions, eight comprising of 431 square kilometres located in north-eastern
Sonora, Mexico (the "El Tigre Property"). El Tigre also holds one additional 32
hectare claim separate from the El Tigre Property. A technical report has been
prepared for the El Tigre Property and can be found on the Company's profile on
SEDAR at www.sedar.com and on the Company's website at
www.eltigresilvercorp.com.
Cautionary Statements:
This news release contains forward-looking statements and forward-looking
information (together, "forward-looking statements") within the meaning of
applicable securities laws and the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements include assay results, expected
drilling programs, timing for technical report and future plans. Forward-looking
statements involve risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward-looking statements. Factors that
could cause actual results to differ materially from these forward-looking
statements include those risks set out in the Company's public documents filed
on SEDAR at www.sedar.com. Although the Company believes that the assumptions
and factors used in preparing the forward-looking statements are reasonable,
undue reliance should not be placed on these statements, which only apply as of
the date of this news release, and no assurance can be given that such events
will occur in the disclosed times frames or at all. Except where required by
law, the Company disclaims any intention or obligation to update or revise any
forward-looking statement, whether as a result of new information, future events
or otherwise.
Potential - the potential quality and grade is conceptual in nature. There has
been insufficient exploration at the El Tigre Silver property to define a
mineral resource. It is uncertain if further exploration will result in
discovery of a mineral resource.
FOR FURTHER INFORMATION PLEASE CONTACT:
El Tigre Silver Corp.
Stuart Ross
President and CEO
(778) 980-7187
srross@eltigresilvercorp.com
El Tigre Silver Corp.
Steven Craig
VP Exploration
(775) 815-8456
scraig@eltigresilvercorp.com
El Tigre Silver Corp.
Rob Grace
Corporate Communications
(604) 639-0044
rgrace@eltigresilvercorp.com
www.eltigresilvercorp.com
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