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El Tigre Silver Corp. (TSXV:ELS,PINK SHEETS:EGRTF,FWB:5RT) is pleased to announce it has developed preliminary plans for placing the El Tigre tailings into production.
As quoted in the press release:
- On September 6, 2011, El Tigre, through its wholly owned subsidiary Pacemaker Silver Mining S.A. de C.V., entered into an option agreement with Martin Lopez Lauterio, the owner of the surface land and tailings, to exploit the extensive surface tailings which resulted from the former Lucky Tiger Combination Gold Mining Company mine in the Sierra El Tigre. The tailings are located on the concessions that are part of El Tigre’s 431 square kilometer concession ownership in Sonora, Mexico.
- El Tigre is currently conducting a full examination of the tailings prior to proceeding with a production decision. Channel sampling down the sides of the tailings has been completed while plans are underway to obtain drill samples in the greater thicknesses of the pile.
- It has been historically reported that the El Tigre Mine operated between 1903 and 1938 and recovered over 75 million ounces of silver at an average grade of 40 ounces per ton. The tailings are a result of that 35 years of production at the original mine.
Click here to read the El Tigre Silver Corp. (TSXV:ELS,PINK SHEETS:EGRTF,FWB:5RT) press release.
Click here to view the El Tigre Silver Corp. (TSXV:ELS,PINK SHEETS:EGRTF,FWB:5RT) profile.