HALIFAX, NS / ACCESSWIRE / August 31, 2023 / Silver Tiger Metals Inc. (TSXV:SLVR) and (OTCQX:SLVTF) (“Silver Tiger” or the “Corporation”) is pleased to announce the appointment of Mr. Francisco Albelais as Vice-President of Operations and Mr. Charles Spath as Vice-President of Technical Services. These strategic additions to the technical leadership team underscore the Corporation’s commitment to transitioning El Tigre from exploration to development.
Mr. Francisco Albelais – Vice President of Operations
Mr. Francisco Albelais, is a Mining Engineer who has more than 25 years’ experience building, commissioning, and operating open pit and underground mines in Mexico. Mr. Albelais has worked on mining projects in Mexico on both the consulting and company sides during his career. He worked for Kappes Cassiday & Associates (KCA) from 2005 to 2012. At KCA, Mr. Albelais worked on the start up and commissioning of the Ocampo Project, the Los Filos Project, the Pinos Altos Project, the El Castillo Mine, the Mascota Project and the La Colorada Mine. Mr. Albelais joined Argonaut Gold as General Manager in 2012 where he was responsible for the permitting, construction, and operation of the El Castillo Mine and the San Augustin Mine. From 2018 to 2023, Mr. Albelais served as Director of Projects Mexico for Argonaut Gold and had the Cerro del Gallo Project, the San Antonio Project and the Ana Paula Project added to his responsibilities.
Commenting on his appointment, Mr. Francisco Albelais stated, “I am thrilled to be joining Silver Tiger at such an exciting phase of the Corporation’s growth as we transition rapidly from exploration to development.”
Charles Spath – Vice President of Technical Services
Joining Mr. Albelais is Mr. Charles Spath, assuming the role of Vice-President of Technical Services. Mr. Spath has an extensive background in resource evaluation, resource modeling, project management, and technical oversight. Mr. Spath is a Professional Geologist and Qualified Person with 10 years of international experience in the exploration, delineation, and production of Ag-Au Epithermal, Ag-Zn-Cu-Pb VMS, Au Carlin, Ni-Cu-PGE Magmatic Sulfide, and PGE Layered Intrusion-type deposits. Mr. Spath specializes in resource estimation, geological modelling, geostatistics, and database and drill program management. In addition, having been employed as a senior-level geologist for Hecla, Newmont and Vale, he has a well-grounded exploration and mining background with the management of multimillion dollar underground and surface drilling campaigns from greenfield stage to full production.
Silver Tiger Metals Inc.’s CEO, Mr. Glenn Jessome, welcomed the new additions, stating, “As we prepare to release our PEA and resource estimate update in the next 30 days, we begin the transition from an exploration company to a development company progressing towards production.” Mr. Jessome continued, “I am so pleased to welcome Mr. Albelais and Mr. Spath to lead the development towards production at El Tigre. Mr. Albelais’ 25 year track record of permitting, building, commissioning and operating open pit and underground mines in Mexico is unparalleled.”
Estimated and Expanded Mineral Resource Estimate and PEA
In addition to the previously announced initial scoping-level metallurgical test work, an updated and expanded mineral resource estimation and PEA for the El Tigre deposit is expected to be released during Q3 2023.
Access Road to El Tigre Completed
Silver Tiger has completed the construction and upgrade of a 46 km access road from Colonia Morels to the El Tigre Project. This access road now provides year round access including for heavy equipment to El Tigre.
Stock Option Grant to New Vice Presidents
In conjunction with the appointment of Mr. Francisco Albelais and Mr. Charles Spath, the Corporation has granted a total of 400,000 stock options to these two employees at an exercise price of $0.20 with a term of 10 years. All stock options will vest in equal amounts over 4 years.
About Silver Tiger and the El Tigre Historic Mine District
Silver Tiger Metals Inc. is a Canadian company whose management has more than 25 years’ experience discovering, financing and building large epithermal silver projects in Mexico. Silver Tiger’s 100% owned 28,414 hectare Historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger.
The El Tigre historic mine district is located in Sonora, Mexico and lies at the northern end of the Sierra Madre silver and gold belt which hosts many epithermal silver and gold deposits, including Dolores, Santa Elena and Las Chispas at the northern end. In 1896, gold was first discovered on the property in the Gold Hill area and mining started…
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