El Tigre Silver Corp. (CVE:ELS) reports additional assay results were received from diamond drilling on its 43,000 hectare El Tigre mining concessions in Sonora, Mexico.
The press release is quoted as saying:
Assays were received from Diamond Drill Holes ET-23, 24, 25 and 27 that flank the Level 4 Crosscut in Espuelas Canyon. The Level 4 Crosscut intersected 37 metres of 156 g/T silver (5.0 ounces silver per ton) in historic data. It defines the first of four exploration targets drilled by the “Company” during February and March along 2.5 kilometers of the El Tigre Vein system (El Tigre Drill Plan).
El Tigre’s President and CEO, Stuart Ross says:
“The results of the drilling in Espuelas Canyon are very encouraging for us not only because we encountered the low-grade disseminated silver mineralization in ET-24 that we knew was there, but also because of the higher than expected gold grades that are present. There are significant intercepts of higher grade mineralization in ET-24 and ET-27 ( 2.8 metres of 242 grams per metric ton (“g/T”) silver and 3.170 g/T gold) along the El Tigre vein in areas that we believed were mined out, we are all now anxiously awaiting assays from each new hole.”
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1859.67 | -7.62 | |
| Silver | 22.00 | -0.13 | |
| Copper | 4.29 | -0.02 | |
| Palladium | 2020.51 | +23.50 | |
| Platinum | 955.38 | -0.63 | |
| Oil | 110.48 | +0.71 | |
| Heating Oil | 3.68 | +0.03 | |
| Natural Gas | 8.79 | -0.01 | |