sur Silver Tiger Metals Inc. (CVE:SLVR)
Silver Tiger Metals Progresses El Tigre Project with EPCM Contract
Silver Tiger Metals Inc. (TSXV:SLVR) has announced a major update on its El Tigre Stockwork Zone Project in Sonora, Mexico. The company has signed an Engineering Procurement and Construction Management (EPCM) contract with Kappes, Cassidy & Associates and Kappes, Cassiday del Norte to aid in constructing the mine and process plant. Completion is aimed for December 2027, with commissioning and the first pour expected in the fourth quarter.
Significant achievements have already been made. Basic engineering is nearly complete, land clearing has started, and plans for personnel facilities are underway. Additionally, road improvement contracts are being finalized. Under the leadership of Glenn Jessome, President and CEO, Silver Tiger is also advancing exploration efforts to tap high-grade silver and gold veins.
Financially, Silver Tiger is strong, with over US$86 million in cash and ongoing debt financing negotiations to secure capital for development. This financial backing, coupled with strategic drilling initiatives, positions the company to expand its resources and deliver long-term value to stakeholders.
R. H.
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