Silver Tiger Metals Inc, formerly known as Oceanus Resources Corp, is a mining firm.
It is engaged in the development, production and exploration of mineral resource properties.
Its portfolio represents investments in precious metal and base metal projects.
The Nova Scotia-based mineral exploration company owns a 100 per cent stake in the El Tigre Project situated in the past-producing mining area in Mexico. The deposits are located along the Sierra Madre Belt in Mexico’s Sonora state.
The El Tigre property consists of silver and gold (Ag-Au) deposits with high-grade epithermal mineralization.
The project encompasses a total area of approximately 28,414 hectares.
The company claims that resource estimates consist of the following:
• Indicated resources of approximately 661,000 ounces of AuEq (gold equivalent) at a grade rate of 0.77 g/t, including 21 g/t of Ag and 0.51 g/t Au.
• Inferred resources amounted to 341,000 ounces of AuEq (gold equivalent) at a grade rate of 1.59 g/t, including 88 g/t of Ag and 0.52 g/t Au.
Silver Tiger is focused on mining and exploring three epithermal veins:
• EL Tigre Veins
• Seitz Kelley Vein
• Sooy Vein
As part of its efforts to tackle the outbreak of the COVID-19 pandemic, Silver Tiger Metals Inc claims to have implemented all the guidelines as issued by Mexican Health Ministry.
The company further claims to take all necessary measures such as sanitization and improved accommodation and medical facilities, including isolated camps at the project site.
Silver Tiger Metals’ stocks are traded on the TSX Venture Exchange under the quote of ‘SLVR’.
The mineral exploration firm is also listed on the OTCQX platform, with common stocks trading under the symbol of ‘SLVTF’.
The firm claims that on the El Tigre vein underground mining extended to 1,450 meters and mined to a depth of 450 meters on 14 levels. The operations at the mine were closed in 1938, reportedly. The mining company says that during that period, 67.4 million ounces of silver and 353,000 ounces of gold is reported to have been produced.