January 06, 2025

Silver Tiger Metals – 2024 Milestones, Resource Update and PFS For El Tigre Open Pit - 2025 Focus Shifting Exploration Deeper, Building Towards Underground Mining PEA

19 minutes

Glenn Jessome, President and CEO of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF), joins me to recap the key milestones from 2024, and to look ahead to all the work initiatives and company and sector catalysts on tap for 2025, at the El Tigre Silver-Gold Project in Mexico.

We start off with a brief review the key takeaways from the updated Resource Estimate and Pre-Feasibility Study (PFS) on the open-pit that were released to the market in 2024 as key company milestones. There has been a lot of drilling done to move categories from inferred into indicated, as well as metallurgical testing, preliminary engineering work, permitting, and social licensing.

Then we shift gears into the deeper drilling, from underground, that commenced at the end of last year and will be continuing into the first half of this year; testing the high-grade silver veins, sulphide zones, and shale areas, continuing to mass up underground resources. The strategy is then compile that data with other ongoing derisking work into the Preliminary Economic Assessment (PEA) out on the underground mining second phase out in the first half of 2025. There is going to be a steady stream of newsflow emanating from the Company over the next few months with regards to both exploration and development.

We also expand the conversation to touch upon the political change in administrations in Mexico in October and what it means for the mining sector. As underground and open-pit permits start getting granted in Mexico in the first half of 2025, Glenn points out that this permitting visibility will be a very meaningful catalyst for Mexican mining projects across the board to get rerated significantly higher. Glenn is also getting financial term-sheets in place to hit the ground running, once they receive their permit, and they can get the open-pit mine constructed and producing roughly 18 months after getting the green light to move ahead.

If you have any follow up questions for Glenn about Silver Tiger, then please email me at [email protected].

In full disclosure, Shad is a shareholder of Silver Metals at the time of this recording.

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