Silver Tiger Metals Inc.: Silver Tiger Announces C$20 Million Bought Deal Financing
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HALIFAX, NS / ACCESSWIRE / February 8, 2021 / Silver Tiger Metals Inc. (TSXV:SLVR) ( Silver Tiger or the Corporation ) is pleased to announce that it has entered into an agreement with Sprott Capital Partners LP (
Sprott ) as lead underwriter and sole bookrunner, along with Echelon Wealth Partners Inc. and Stifel GMP as co-lead underwriters (collectively, the
Underwriters ), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 33,333,334 common shares of the Company (the
Silver Tiger Metals Inc.: Silver Tiger Intersects 11.75 meters Grading 667.9 g/t AgEq within 22.2 meters of 381.9 g/t AgEq in new Discovery
Notes: 1. Not true width.
2. Silver Equivalent ( EqAg ) ratios are based on a silver to gold price ratio of 75:1 (Au:Ag). Copper, lead and zinc are converted using $3.66/lb copper, $0.90/lb lead, $1.26/lb zinc at 100% metal recoveries based on a silver price of $26.00/oz.
See attached El Tigre Cross Section 4900N.
Drill Hole Location Table
Plan Map of El Tigre Veins and Drill Holes
El Tigre Resource Estimate
After acquiring El Tigre, Silver Tiger drilled 12,500 meters to define the wide halo of near surface gold mineralization around the mined high-grade veins of the historic El Tigre Mine. This allowed Silver Tiger to deliver a maiden resource estimate for the El Tigre Property to a depth of 150 meters containing indicated resources of 661,000 gold equivalent ounces at 0.77 g/t (21 g/t silver and 0.51 g/t gold) and inferred resources of 3