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El Tigre Silver Corp. (TSXV:ELS,OTCQX:EGRTF,FWB:5RT) announced that all assaying has been completed on its tailings silver-gold recovery project, and that results from the auger holes continue to confirm the results from previous sampling programs and the overall silver-gold content of the tailings from 35 years of high grade silver/gold mining.
El Tigre Silver Corp. (TSXV:ELS,OTCQX:EGRTF,FWB:5RT) announced that all assaying has been completed on its tailings silver-gold recovery project, and that results from the auger holes continue to confirm the results from previous sampling programs and the overall silver-gold content of the tailings from 35 years of high grade silver/gold mining.
As quoted in the press release:
Assay Results: Assays from the 46-hole auger drilling program conducted in late November 2011 for silver, gold and other minor elements were received from ALS Worldwide Labs, North Vancouver, Canada. This drilling program produced 212 samples where each sample represented 1.5 meters in depth and 30 centimeters in width. The program was also an expansion of the earlier surface channel sampling program consisting of 43 samples. The results of this first sampling program were reported in Press Releases dated November 11 and December 14, 2011. Table 1 below summarizes and compares the overall assay results from the two sampling programs.
Metallurgical Program: One of the main purposes for auger drilling the tailings pile was to collect bulk metallurgical samples at depth for testing silver and gold recoveries. The original auger samples were split down to both 3 kilogram assay samples and then into four-70 kilogram test samples. These samples were further split into color zones that potentially represent different metallurgical recoveries, and therefore, have to be tested separately. Currently, the test samples are at SGM (Servicio Geologico Mexicano) in Chihuahua City, Chihuahua under the supervision of a qualified metallurgical engineer.
Near Term Progress Points: El Tigre is currently on schedule with its evaluation program to confirm the decision to proceed with production, which will be made prior to the second quarter of 2012. The remaining evaluation focus is to complete the metallurgical tests, produce engineered process design drawings from the results of the tests, and complete calculations for an economic return. And finally, if this is positive, then gain Board of Directors approval to begin construction of the proposed vat leaching facility.
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