El Tigre Silver Updates Exploration Activities and Announces Assay Results
2014年5月30日 - 10:00PM
Marketwired
El Tigre Silver Updates Exploration Activities and Announces Assay
Results
Reports 2.0 Metres of 976 g/t Ag Equivalent - 12 g/t Au and 256
g/t Ag
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2014) -
Editor's note: There is one image associated with this press
release.
El Tigre Silver Corp. ("El Tigre" or the "Company")
(TSX-VENTURE:ELS)(FRANKFURT:5RT)(OTCQX:EGRTF) is pleased to
announce the assay results of a recently completed extensive
underground and surface sampling exploration program at its El
Tigre Silver and Gold Project ("the Project") in northern Sonora,
Mexico. A total of 173 underground and 393 surface samples were
collected as channel samples from outcrops, as well as 25 stream
samples and 27 regional samples from the main El Tigre Vein
district.
The sampling program was undertaken in the 3rd quarter of 2013
and focused on obtaining horizontal channel samples by cutting a
two inch (5 cm) wide channel in the rock, and then chiseling out
the rock with a hammer to collect samples. This method of sampling
is done to collect a series of continuous samples similar to a
horizontal drill hole and will assist in defining any surface
mineralization that could correlate with the underlying drill
intercepts. This program concentrated on the main El Tigre vein
district consisting of the El Tigre Viejo canyon, Gold Hill area
and the Espuelas Canyon area at the Southern vein area, and the
Protectora vein at the Northern vein area. El Tigre is reporting
assay results from the El Tigre Viejo canyon and Gold Hill area
below. Assay results from the Espuelas Canyon area and the
Protectora vein will be released as they become available for
publication.
The following map shows the areas in relation to the current
resource (shown in purple) as defined by the National Instrument
43-101 ("NI 43-101").
To view "Figure
1 Map of Main El Tigre Vein District - Northern and Southern
Veins" associated with this press release, please visit the
following link:
http://www.marketwire.com/library/20140529-949105.jpg
The intention of the sampling program at the El Tigre Viejo
canyon and Gold Hill area of the Southern vein area was to support
the results from the Company's Preliminary Feasibility Study for
the El Tigre Silver & Gold Project, Municipio De Nacozari De
Garcia, Sonora, Mexico ("PFS") filed on SEDAR August 15, 2013. The
Mineral Resources for the Project, are estimated by HRC to be 9.875
million tonnes grading an average of 0.630 g/t Au and 39.7 g/t Ag
totaling 24.713 million ounces of EqAg classified as Indicated
Mineral Resources with an additional 7.042 million tonnes grading
an average of 0.589 g/t Au and 31.1 g/t Ag totaling 16.075 million
ounces of EqAg classified as Inferred Mineral Resources. The base
case estimated mineral resource is based on a 50 g/t silver
equivalent ("AgEq") cut-off grade.
The Mineral Resources are reported in accordance with NI 43-101
and have been estimated in conformity with generally accepted
Canadian Institute of Mining, Metallurgy and Petroleum "Estimation
of Mineral Resource and Mineral Reserves Best Practices"
guidelines. Mineral Resources are not Mineral Reserves and do not
have demonstrated economic viability. There is no certainty that
all or any part of the Mineral Resource will be converted into
Mineral Reserves.
The following tables summarize the significant assay results in
the Gold Hill and El Tigre Viejo canyon area in the Southern vein
system at El Tigre (widths reported are not true widths):
GOLD HILL UPPER ADITS CHANNEL SAMPLE SIGNIFICANT
RESULTS (greater than 50 g/t for AgEq) |
Sample Num. |
Width (m) |
Au (g/t) |
Ag (g/t) |
Ag Eq (g/t) |
|
ROCK |
165191 |
1.30 |
0.03 |
299.0 |
300.8 |
|
El Tigre Vein |
165192 |
0.90 |
0.89 |
45.4 |
98.8 |
|
El Tigre Vein |
165196 |
2.00 |
12.00 |
256.0 |
976.0 |
|
El Tigre Vein |
165197 |
0.70 |
30.60 |
110.4 |
1946.4 |
|
El Tigre Vein |
165198 |
2.10 |
1.06 |
136.4 |
200.0 |
|
El Tigre Vein |
165202 |
1.40 |
1.21 |
152.0 |
224.6 |
|
El Tigre Vein |
165203 |
0.45 |
0.17 |
73.0 |
83.2 |
|
White Tuff, weak Hem & Qtz veinlets |
165204 |
1.20 |
1.15 |
71.0 |
140.0 |
|
White Tuff, weak Hem & Qtz veinlets |
165206 |
1.50 |
0.34 |
53.2 |
73.6 |
|
White Tuff, weak Hem & Qtz veinlets |
165207 |
1.00 |
2.78 |
236.0 |
402.8 |
|
White Tuff, weak Hem & Qtz veinlets |
165208 |
2.00 |
0.82 |
110.6 |
159.8 |
|
White Tuff, weak Hem & Qtz veinlets |
165215 |
1.15 |
2.66 |
126.0 |
285.6 |
|
Qtz Vein hosted in white Tuff |
165230 |
1.90 |
6.1 |
1.6 |
367.6 |
|
White Tuff, weak Hem & Qtz veinlets |
165234 |
0.64 |
4.12 |
878 |
1125.2 |
|
Qtz Vein |
165238 |
0.80 |
6.71 |
874 |
1276.6 |
|
Qtz Vein |
165243 |
0.40 |
3.54 |
141.2 |
353.6 |
|
Qtz Vein |
165247 |
0.25 |
10.3 |
232 |
850 |
|
Qtz Vein |
165248 |
0.65 |
0.89 |
13.4 |
66.8 |
|
Lithic Tuff |
165250 |
0.25 |
17.8 |
63.4 |
1131.4 |
|
Qtz Vein |
165252 |
0.25 |
15.4 |
133.4 |
1057.4 |
|
Qtz Vein |
165253 |
0.75 |
0.51 |
63.4 |
94 |
|
El Tigre Formation |
165255 |
0.20 |
4.59 |
144.2 |
419.6 |
|
Qtz Vein with abundant clay filling |
165256 |
0.75 |
1.34 |
12 |
92.4 |
|
El Tigre Formation |
165258 |
0.25 |
2.09 |
30.2 |
155.6 |
|
Qtz Vein |
165303 |
0.75 |
1.37 |
39.2 |
121.4 |
|
Qtz Vein |
165305 |
0.45 |
0.65 |
21.4 |
60.4 |
|
Qtz Vein |
165318 |
1.00 |
0.24 |
36.2 |
50.6 |
|
Dark Gray Tuff, weak-mod Hem Veinlets |
165319 |
1.10 |
1.13 |
99 |
166.8 |
|
Dark Gray Tuff, weak-mod Hem Veinlets |
165323 |
0.30 |
0.96 |
144.6 |
202.2 |
|
Qtz Vein |
165325 |
0.30 |
1.54 |
221 |
313.4 |
|
Qtz Vein |
165327 |
0.70 |
0.55 |
63.2 |
96.2 |
|
Qtz Vein |
165330 |
1.45 |
1.95 |
228 |
345 |
|
Qtz Vein/Bx |
165331 |
1.10 |
0.79 |
36.8 |
84.2 |
|
Silicified Tuff with strong Hem in veinlets |
165333 |
0.60 |
0.83 |
93.8 |
143.6 |
|
Qtz Vein |
165335 |
0.50 |
2.08 |
280 |
404.8 |
|
Qtz Vein |
|
ROAD CUT CHANNEL SAMPLE SIGNIFICANT RESULTS |
|
Location |
ID |
From |
To |
Interval (m) |
Au (g/T) |
Ag (g/T) |
Ag Eq (g/T) |
Road to Hole ET13-82 |
ET-CHN1 |
0.00 |
6.10 |
6.10 |
--- |
22.1 |
22.1 |
|
ET-CHN2 |
0.00 |
9.00 |
9.00 |
0.304 |
--- |
18.24 |
Road to Holes ET13-67 & 68 |
ET-CHN3 |
0.00 |
6.64 |
6.64 |
0.237 |
--- |
14.22 |
|
ET-CHN4 |
0.00 |
72.00 |
72.00 |
1.296 |
--- |
77.76 |
|
Includes |
|
16.00 |
20.00 |
4.00 |
3.77 |
--- |
226.2 |
|
Includes |
|
26.00 |
28.00 |
2.00 |
7.95 |
--- |
477 |
|
Includes |
|
38.00 |
40.00 |
2.00 |
4.25 |
--- |
255 |
Road to Hole ET13-70 |
ET-CHN5 |
0.00 |
44.00 |
44.00 |
1.275 |
--- |
76.5 |
|
Includes |
|
26.00 |
28.00 |
2.00 |
3.27 |
--- |
196.2 |
|
ET-CHN6 |
0.00 |
8.00 |
8.00 |
1.713 |
--- |
102.78 |
|
Includes |
|
0.00 |
4.00 |
4.00 |
3.235 |
--- |
194.1 |
|
ET-CHN7 |
0.00 |
12.00 |
12.00 |
0.440 |
--- |
26.4 |
|
ET-CHN8 |
0.00 |
8.00 |
8.00 |
0.223 |
--- |
13.38 |
|
ET-CHN9 |
0.00 |
37.40 |
37.40 |
0.611 |
--- |
36.66 |
|
ET-CHN10 |
0.00 |
20.00 |
20.00 |
0.798 |
20.9 |
68.78 |
|
Includes |
|
10.00 |
14.00 |
4.00 |
3.345 |
71.1 |
271.8 |
Road to Holes ET13-69 & 74 |
ET-CHN11 |
0.00 |
14.00 |
14.00 |
0.324 |
--- |
19.44 |
|
ET-CHN12 |
0.00 |
20.00 |
20.00 |
0.652 |
--- |
39.12 |
Road to Hole ET13-48 |
ET-CHN13 |
0.00 |
8.00 |
8.00 |
0.293 |
--- |
17.58 |
|
ET-CHN14 |
0.00 |
9.40 |
9.40 |
1.185 |
--- |
71.1 |
Note 1: All intervals reported as core length in
metres. |
Note 2: Channel samples on road cuts stated in
composite intervals. |
Note 3: Silver Equivalent (Ag Eq) is calculated using a
60 to 1 ratio of the dollar value of Ag and Au (Ag + Au x 60). |
The sampling program by El Tigre was designed to support the
work reported in the PFS as well as providing guidance for
geological work necessary to identify drill targets. The sample
results are not representative of the true thickness at the
locations sampled. The results confirm the presence of a wider zone
of alteration/stockwork containing anomalous gold surrounding the
veins with higher silver grades within the prospect area and
support further work in exploring and developing the southern El
Tigre Vein system.
"We are pleased with the progress that our team has made, as led
by Country Manager Jose Velazquez," said Stuart Ross, El Tigre
Silver's President and CEO. "The initial resource calculation was
published in a NI 43-101 Report in August 2013 and was based on a
1.2 kilometre section of the Southern vein system at the EL Tigre
property. We anticipate that after analysis of all of the assays
from this program we will be in a position to plan our next drill
program which will identify targets for further exploration
activity."
The technical content of this news release has been approved by
Zachary J. Black, SME-RM (No. 4156858RM), Director - Geology and
Resources for Hard Rock Consulting, a Qualified Person as
defined in NI 43-101.
About El Tigre
The Company, through its subsidiaries, holds the rights to 100%
of nine mineral concessions, eight comprising of 215 square
kilometres located in north-eastern Sonora, Mexico (the "El Tigre
Property"), and approximately 90 kilometres south of the US-Mexico
border. El Tigre also holds one additional 32 hectare claim
separate from the El Tigre Property. A NI 43-101Technical Report
Preliminary Feasibility Study has been prepared for the El Tigre
Silver Project 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.
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 future plans to implement and
maintain financial systems and controls. 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 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.
The TSX Venture Exchange has neither approved nor
disapproved of the contents of this press release. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press
release.
El Tigre Silver Corp.Stuart RossPresident and CEO(778)
980-7187srross@eltigresilvercorp.comEl Tigre Silver Corp.Rob
GraceCorporate Communications(604)
639-0044rgrace@eltigresilvercorp.comwww.eltigresilvercorp.com
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