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El Tigre Silver Corp. (CVE:ELS) reports the sampling results conducted on Gold Hill along the southern extension of the El Tigre silver-gold vein.
The press release is quoted as saying:
El Tigre geologists have identified a potentially large open-pitable area of low grade gold mineralization along the southern extension of the El Tigre vein. This zone is associated with the original discovery of out-cropping high-grade gold mineralization by early prospectors which led to the development of the district in 1900. The first production from the district was from gold ores that averaged over one ounce per ton. As these ores were depleted, mining attention turned to the high-grade silver deposits that averaged 30 to 40 ounces silver per short ton and 0.1 to 0.15 ounces of gold per short ton. After 35 years of production from 1904 to 1939, the total district production is estimated at 75 million ounces of silver and 400,000 ounces of gold.
El Tigre’s President and CEO, Stuart Ross says:
“We are extremely pleased with our geologist’s progress on our sampling effort. The new gold and silver assay results from samples collected away from the previously explored high-grade areas give us indications that the mineralization in the southern extension of the El Tigre silver-gold vein is more extensive than originally thought.”
Click here to access the entire news release.
