El Tigre Silver Completes PFS for El Tigre Project, Sonora, Mexico
El Tigre Silver Corp. (TSXV:ELS,OTCQX:EGRTF) announced results from the NI 43-101 PFS for the El Tigre silver and gold project in Sonora, Mexico
El Tigre Silver Corp. (TSXV:ELS,OTCQX:EGRTF) announced results from the NI 43-101 PFS for the El Tigre silver and gold project in Sonora, Mexico.
As quoted in the press release:
The El Tigre Project contains 1.3 million tonnes of proven and probable tailings material grading 83.0 g/t silver and 0.279 g/t gold. HRC’s economic analysis of the base case utilized a silver price of US$25.00/oz and a gold price of US$1,289/oz at a silver to gold equivalency ratio of 51.57:1. Metallurgical recoveries for gold and silver averaged 93% and 78%, respectively, with projected mining costs of US$0.90 per tonne processed; processing costs of US$22.80 per tonne processed, and G&A costs of US$5.60 per tonne processed in a typical year.
El Tigre’s President and CEO, Stuart Ross, said:
We’ve now defined a starting point for the resource at El Tigre with our first mineral resource estimate. We are extremely pleased with 9.875 million tonnes grading an average of 0.630 g/t Au and 39.7 g/t Ag totaling 24.713 million ounces of AgEq classified as indicated mineral resources with an additional 7.042 million tonnes grading an average of 0.589 g/t Au and 36.1 g/t Ag totaling 16.075 million ounces of AgEq classified as inferred mineral resources.
To view the whole press release, click here.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1837.47 | +6.46 | |
Silver | 21.48 | +0.34 | |
Copper | 3.77 | +0.02 | |
Palladium | 1935.50 | +58.50 | |
Platinum | 915.50 | +4.50 | |
Oil | 107.81 | +0.19 | |
Heating Oil | 4.21 | -0.03 | |
Natural Gas | 6.13 | -0.09 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.