Silver Tiger Metals – Recapping The Open-Pit PFS, Working Towards Imminent Underground PEA, Mexico Permitting, Regional Exploration Program
Glenn Jessome, CEO & President, and David Duncan, Vice President of Exploration of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF), joined us earlier today, July 30th, for a special live webinar. This video is the replay of that event.
We start off having Glenn review the key takeaways and metrics from the Pre-Feasibility Study (PFS) on the open-pit mining first phase at their 100% owned, silver-gold El Tigre Project in Mexico. He shares that a term sheet has been lined up from the capital stack, and what the anticipated timeline and action steps will be to move into gold and silver production once their permit is received. We also have Glenn separate the facts from the media hyperbole and disinformation as it relates to mining and permitting in Mexico.
Next we move into all the exploration, development, and derisking work that is going into the upcoming imminent Preliminary Economic Assessment (PEA) for the underground mine. The team at Silver Tiger has been compiling the last 5 years of work delineating the 113 million ounces of silver equivalent resources in the high-grade veins, shale, and sulphide zones underground portion of El Tigre, the metallurgical studies, and engineering work to be able to release the PEA by month’s end. This report will center around the already permitted underground scenario utilizing an 800 tonnes-per-day (tpd) mill, and focusing on the initial first 10 years of mine life.
We then expand the conversation, bringing in Dave Duncan, to highlight some of the ongoing fieldwork and targeting going on for the upcoming blue-sky regional drill program set to commence this fall around the La Protectora historic mine on trend with El Tigre to the north. Then Dave shares that there a not only are there multiple exploration targets around historic mining areas to the north, but also quite a few old mines and compelling targets to the south along the 25km strike-length of this mineralized trend. The team believes the mineralization seen around El Tigre extends along this trend and that there may be potential for multiple similar deposits of interest to be explored for.
TIMESTAMPS:
0:45 – Key takeaways from the Pre-Feasibility Study on the open pit
5:09 – Permitting in Mexico – separating signal from the media noise
7:31 – Timeline to build the open pit mine after receiving permit
9:09 – Gold and silver metals composition in open-pit versus underground, upcoming PEA
11:39 – Underground resources feeding into the upcoming PEA
13:49 – District-scale exploration to commence this fall, north of El Tigre
21:45 – Upside potential to north and south on this 25km mineralized trend
23:46 – Open-pit and underground types of mineralization likely keep repeating along trend
27:48 – When will the regional drilling begin, to test all the ongoing fieldwork?
30:44 – La Protectora will be the first target to the north to get drilled this fall
32:52 – Rinse and repeat – Could there be multiple El Tigre sized deposits?
36:02 – Did the permitting standards change over the last year in Mexico?
37:56 – How are the metals recoveries looking in the sulphide zone underground?
40:19 – Share structure, vision of post-production company that may list on a large US exchange
46:16 – Wrapping up by looking ahead
If you have any follow up questions for Glenn or Dave regarding Silver Tiger Metals, then please email us at Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Silver Tiger Metals at the time of this recording, and may choose to buy or sell shares at any time.
Click here to follow the latest news from Silver Tiger Metals
Impact Silver had an interesting day. It opened at a 3 week low, then went up 9% but end the day down 10%. The low for the day was 17% below the high for the day. It is 30% below its high for the month.
Weekly:
https://schrts.co/ATBMJNIq
Lake might not like that
Unless he wanted more.
Silver is way down this morning, while gold is up. That is a worrisome sign for the economy. DT
Economy………… is sucking wind……….. housing sucks and autos suck…..
Entire new game in both sectors….. INCOMES are not keeping up with a falling dollar and have not
been keeping up for well over a decade….
Most of mine have been hit for a few days. Anytime they schedule Powell to go public, my account is treated as a group and not individual value. Last I heard JPM is still using ETF physical to help them cover their significant shorts. Bullion banks appear to be in no hurry to alter their suppression of metal prices. However, at some point soon accounting for who owns physical will be a bigger issue …maybe.
I am always very wary of any stock that I presently own, I view all stocks as lottery tickets. Selling is always much more difficult than buying. Especially nowadays with Trump’s tariffs and talk of price controls. Tariffs and price controls never work, yet they keep trying to solve troubling financial problems by reintroducing them time and time again. The real problem is massive overprinting of fiat currency, but the political system won’t address this issue because they would be thrown out of office. The citizenry is too financially illiterate to identify the flaws in the system that have always repeated themselves over the course of history.
The definition of insanity is doing the same thing over and over again and expecting a different result. DT
Ford Warns of Falling Profit on $2 billion Hit rom Tariffs-DT
Copper drops like a rock………….
I just took some money off the table in my HG, it is always good to book a profit especially in this economy. If you don’t take a profit the only alternative is……………………… DT
The physicians in Washington have a lot to do with Dr. Coppers health. DT
Gold has delivered a new record monthly close for every month this year; will it manage to do so again tomorrow?
https://schrts.co/BrQHPXND