El Tigre Silver Advances Sampling Beyond Resource Area and Reports 2.0 Metres of 702 g/t Ag (35 oz/t Ag)
2014年6月9日 - 10:30PM
Marketwired
El Tigre Silver Advances Sampling Beyond Resource Area and Reports
2.0 Metres of 702 g/t Ag (35 oz/t Ag)
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 9, 2014) - El
Tigre Silver Corp. ("El Tigre" or the "Company")
(TSX-VENTURE:ELS)(OTCQX:EGRTF)(FRANKFURT:5RT) is pleased to
announce additional strong 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. El Tigre is reporting assay results from the
historic mine levels 3.5 and 4 in the Espuelas Canyon area (Figure
1) that include 2.0 metres of 702 g/t Ag. 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 in the area of the Southern vein
system, and the Protectora vein at the Northern vein area. On May
30, 2014 assay results from the El Tigre Viejo canyon and Gold Hill
area were reported in a news release. Assay results from the
Protectora vein will be released as they become available for
publication.
The following map shows the assay areas in relation to the
current resource (shown in purple) as defined by National
Instrument 43-101 ("NI 43-101").
To view Figure 1 Map
of Main El Tigre Vein District- Northern and Southern Veins, please
visit the following link:
http://media3.marketwire.com/docs/950843_FIG.pdf.
The intention of the sampling program at the Espuelas Canyon
area of the Southern vein area was to support the belief in an
extension to the resource 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 Hard Rock Consulting, LLC of Lakewood Colorado ("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 most notable assay results
(greater than 30 g/t AgEq) in the Espuelas Canyon area in the
Southern vein system at El Tigre (widths reported are not true
widths):
LEVEL 3.5 SIGNIFICANT RESULTS |
Sample Num. |
|
Width (m) |
|
Au (g/Ton) |
|
Ag (g/Ton) |
|
Ag Eq (g/T) |
|
ROCK |
165557 |
|
1.95 |
|
0.81 |
|
79.2 |
|
127.8 |
|
Tuff (El Tigre Formation) |
165558 |
|
0.90 |
|
0.67 |
|
30.3 |
|
70.5 |
|
Quartz Vein Hanging wall El Tigre Vein |
165561 |
|
0.3x0.4 |
|
2.21 |
|
171 |
|
303.6 |
|
El Tigre Vein |
165565 |
|
0.4x0.2 |
|
0.03 |
|
51 |
|
52.8 |
|
Fracturing Zone |
165566 |
|
0.4x0.1 |
|
0.82 |
|
190 |
|
239.2 |
|
Quartz Vein |
165567 |
|
0.3x0.1 |
|
0.75 |
|
19.5 |
|
64.5 |
|
Quartz Vein |
165568 |
|
0.8 |
|
0.21 |
|
47.1 |
|
59.7 |
|
Tuff (El Tigre Formation) |
165569 |
|
1.2 |
|
0.41 |
|
34.4 |
|
59 |
|
Tuff (El Tigre Formation) |
165571 |
|
1.5 |
|
0.99 |
|
44.8 |
|
104.2 |
|
Hanging wall El Tigre Vein |
165572 |
|
1 |
|
0.55 |
|
37.3 |
|
70.3 |
|
Foot wall El Tigre Vein |
165573 |
|
1.9 |
|
1.26 |
|
143.8 |
|
219.4 |
|
Backfill El Tigre Vein Stope |
165574 |
|
1.9 |
|
1.1 |
|
161 |
|
227 |
|
Backfill El Tigre Vein Stope |
165575 |
|
2.2 |
|
1.85 |
|
320 |
|
431 |
|
Backfill El Tigre Vein Stope |
LEVEL 4 SIGNIFICANT RESULTS |
Sample Num. |
|
Width (m) |
|
Au (g/Ton) |
|
Ag (g/Ton) |
|
Ag Eq (g/Ton) |
|
ROCK |
625255 |
|
2.00 |
|
0.02 |
|
98.4 |
|
99.5 |
|
Cliff Formation, weak Iron Oxides |
625256 |
|
1.70 |
|
0.01 |
|
41.4 |
|
41.9 |
|
Cliff Formation, weak Iron Oxides |
625257 |
|
2.00 |
|
0.02 |
|
91.2 |
|
92.3 |
|
Cliff Formation, Silica microveinlets |
625259 |
|
2.00 |
|
0.02 |
|
47.2 |
|
48.1 |
|
Cliff Formation, weak Iron Oxides |
165104 |
|
2.00 |
|
0.31 |
|
16.8 |
|
35.4 |
|
Cliff Formation, mod/strong Iron Oxides |
165105 |
|
2.00 |
|
0.41 |
|
28.8 |
|
53.4 |
|
Cliff Formation, strong Hem-Lim in vnlts. |
165106 |
|
2.00 |
|
1.13 |
|
22.8 |
|
90.6 |
|
Cliff Formation, strong Hem-Lim in vnlts. |
165107 |
|
2.00 |
|
0.75 |
|
9.2 |
|
54.2 |
|
Cliff Formation, strong Hem-Lim in vnlts. |
165108 |
|
2.00 |
|
0.62 |
|
5.2 |
|
42.4 |
|
Cliff Formation, strong Hem-Lim in vnlts. |
165114 |
|
2.00 |
|
0.17 |
|
21.6 |
|
31.8 |
|
Cliff Formation, weak Hem & Bx development |
165123 |
|
2.00 |
|
0.62 |
|
2.6 |
|
39.8 |
|
Cliff Formation, moderate Hem-Lim in vnlts. |
165124 |
|
2.00 |
|
0.73 |
|
7.4 |
|
51.2 |
|
Cliff Formation, moderate Hem-Lim in vnlts. |
165138 |
|
2.00 |
|
0.24 |
|
21.6 |
|
36.0 |
|
Cliff Formation. |
165157 |
|
2.00 |
|
0.21 |
|
22.8 |
|
35.4 |
|
Cliff Formation, weak Silica microveinlets mod. Hem-Lim |
165167 |
|
2.00 |
|
0.24 |
|
702.0 |
|
716.4 |
|
Strong Qtz Veinlets/Qtz Vein |
165171 |
|
0.50 |
|
0.14 |
|
47.8 |
|
56.2 |
|
Qtz Vein |
165173 |
|
0.60 |
|
0.03 |
|
29.8 |
|
31.6 |
|
Cliff Formation, Strong Qtz Veinlets, Hem veinlets |
|
|
|
|
|
|
|
|
|
|
|
Note 1: All intervals reported as core
length in metres. |
Note 2: Panel sample was used to allow for
consistent weight of sample taken. |
Note 3: Silver Equivalent (Ag Eq) is
calculated using a 60 to 1 ratio of the dollar value of Ag and Au
(Ag + Au*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 support the conclusion that the El
Tigre vein system continues to the north of the mineral resource
area with significant silver and gold intercepts within a zone of
alteration/stockwork and support further work in exploring and
developing the southern El Tigre Vein system.
"The silver and gold occurrence to the north of our indicated
and inferred resource provides us hard data that further validates
our belief that our current resource area will continue to expand,"
said Stuart Ross, El Tigre Silver's President and CEO. "The initial
resource calculation was published in a NI 43-101 Technical Report
in August 2013 and was based on a 1.2 kilometre section of the
Southern vein system at the EL Tigre property. We look forward to
our next set of assays from the northern vein system at the El
Tigre property."
Quality Assurance-Quality Control: The quality assurance-
quality control (QA-QC) of El Tigre and their contractors is as
follows: Samples are collected and handled only by authorized
Company personnel, who collect them utilizing the methods described
above in the second paragraph. Samples are bagged and labeled with
unique sample numbers. Numbered sample data is recorded on site.
Commercially produced standard and blank samples are inserted into
the sample stream at a rate of 1 QA/QC sample per 20 assay samples.
Samples are then transported by El Tigre personnel to the El Tigre
handling facility and stored for shipment.
El Tigre personnel transport samples bagged six to a bag and
sealed to Skyline Assayers & Laboratories ("Skyline")
personnel. Skyline authorized personnel load and transport the
samples through the U.S.-Mexico border to their Tuscan, Arizona
sample preparation and assaying facility.
The technical content of this news release has been approved by
Zachary J. Black, SME-RM (No. 4156858RM), Director - Geology and
Resources for HRC, 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 CEOTelephone:
(778) 980-7187srross@eltigresilvercorp.comEl Tigre Silver Corp.Rob
GraceCorporate CommunicationsTelephone: (604)
639-0044rgrace@eltigresilvercorp.comwww.eltigresilvercorp.com
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