El Tigre Silver Corp. Commences its 2013 Drilling Campaign on its
Gold Hill Disseminated Gold Zone
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/21/13 -- El Tigre
Silver Corp. (the "Company" or "El Tigre") (TSX
VENTURE:ELS)(OTCQX:EGRTF)(FRANKFURT:5RT) is pleased to report that
drilling has started as scheduled with MAJOR DRILLING DE MEXICO, S.A.
DE C.V. ("Major Drilling") at its El Tigre silver-gold property in
northern Sonora, Mexico.
The 2013 exploration program anticipates the drilling of 5000 meters
of core in 30 to 40 holes. The first phase of this program will be
2,700 meters and will focus on the 1.2 kilometer halo zone which is
found on the southern portion of the claims, from the south side of
Mula Mountain and continuing over Gold Hill. The second phase of the
2013 program consisting of 2,300 meters will fill-in around Phase 1
holes as needed for the resource block model and test other targets
northward to the Camp area. The first hole (ET-45) is located near
the bottom of Tigre Viejo Canyon between Johnny Crosscut and Holes
ET-31 and ET-32 and is underway. When completed the core will be
logged, split and sent for assay.
The Company expects the first phase of the drilling program to
progress quickly with all assay results in hand by the end of March.
Work will be underway concurrently to update to the Company's
NI-43-101 technical report to include the first reported gold and
silver resource based on this phase of the drill program and the 2011
and 2012 programs. The technical report is scheduled for completion
near the end of the second quarter of 2013.
Stuart Ross President and CEO stated, "This will be a very busy year
for the company. Besides our work on the 2013 exploration program and
technical report, we will also be focusing on construction of a new
tailings processing facility, from which we anticipate silver and
The technical content of this news release has been approved by
Steven D. Craig, CPG and Vice President of Exploration for El Tigre,
a Qualified Person as defined in NI 43-101.
About El Tigre Silver Corp.:
The Company, through its subsidiaries, holds the rights to 100% of
nine mineral concessions, eight comprising of 431 square kilometers
located in north-eastern Sonora, Mexico (the "El Tigre Property"). El
Tigre also holds one additional 32 hectare claim separate from the El
Tigre Property. A technical report has been prepared for the El Tigre
Property and can be found on the Company's profile on SEDAR at
www.sedar.com and on the Company's website at
This news release contains forward-looking statements and
forward-looking information (together, "forward-looking statements")
within the meaning of applicable securities laws and the United
States Private Securities Litigation Reform Act of 1995.
Forward-looking statements include assay results, expected drilling
programs, timing for release of technical report and future plans.
Forward-looking statements involve risks, uncertainties and other
factors that could cause actual results, performance, prospects and
opportunities to differ materially from those expressed or implied by
such forward-looking statements. Factors that could cause actual
results to differ materially from these forward-looking statements
include those risks set out in the Company's public documents filed
on SEDAR at www.sedar.com. Although the Company believes that the
assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on
these statements, which only apply as of the date of this news
release, and no assurance can be given that such events will occur in
the disclosed times frames or at all. Except where required by law,
the Company disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise.
The TSX Venture Exchange has neither approved nor disapproved of the
contents of this press release. Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this press release.
El Tigre Silver Corp.
President and CEO
El Tigre Silver Corp.
El Tigre Silver Corp.
(604) 608-6163 (FAX)
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