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El Tigre Silver Corp Updates Drilling Campaign on Gold Hill Disseminated Gold Zone; Stock Up 7.3%

By: MT Newswires
Posted: 2/7/2013 9:53:00 AM
Referenced Stocks:

El Tigre Silver Corp. (ELS.V)reports that the drilling program started on January 18, 2013 and is proceeding rapidly with 10 holes completed in a 30 to 40 hole scheduled program. El Tigre is located on concessions that are part of the Company's 431 square kilometer concession ownership in Sonora, Mexico.

The ten holes (ET-45 to ET-54) for 1203 meters that have been completed are centered in Tigre Viejo Canyon between Gold Hill and the southern ridge of Mula Mountain. Each hole penetrated the mineralized stockwork zone that is both in the hanging wall and foot wall of the El Tigre high-grade vein. At least two of these holes penetrated the Seitz Kelly vein, which is located to the east of the El Tigre vein.

The overall Gold Hill program is scheduled to drill 5000 meters of core in 30 to 40 holes.

ELS is up 1.5 cents (7.32%) to 22 cents in early trade.