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El Tigre Mobilizes Drill for Continued Definition of the Gold Hill Disseminated Gold Zone
Published : December 18, 2012
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Keywords :   Gold | Mexico | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2012) - El Tigre Silver Corp. (the "Company" or "El Tigre") (News - Market indicators)(OTCQX:EGRTF)(FRANKFURT:5RT) is pleased to report that it has signed a contract with MAJOR DRILLING DE MEXICO, S.A. DE C.V. ("Major Drilling") and has mobilized a core drilling machine and associated equipment to its 431 square kilometer El Tigre silver-gold property in northern Sonora, Mexico. Drilling will commence the first week of January 2013. The Company is fully funded to complete this next phase of drilling.

El Tigre has conducted exploration drilling since 2011 over the highly productive El Tigre vein system. Drilling has more recently focused on the southern 1.2 kilometer portion of the vein system in an area called Gold Hill where a disseminated gold halo around the El Tigre vein was discovered. The original plan for the 2012 program was to drill 5000 meters in 25 holes. That drilling program was divided into two phases with the first phase completed in June with 12 holes for a total of 2293 meters and the drilling that will commence in January is the second phase and is planned for 2700 meters.

The second phase of drilling now has the benefit of new field work that has identified a disseminated target in the foot wall of the El Tigre vein system. Drilling will test this new target, which could expand the overall width of the targeted gold zone.

Current plans for the 2013 program include a total of 5000 meters of drilling 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 Mula Mountain to the north and Gold Hill to the south. An update to the Company's NI-43-101 technical report, based on the drill holes completed to date and the 2013 holes, is expected to report gold and silver resources. The technical report is scheduled for completion in the second quarter of 2013.

Work has been underway at the project site constructing new access roads and drill sites across the Gold Hill zone to facilitate fan drilling and rock-saw channel sampling on road cuts. Major Drilling has stationed its drilling equipment at the El Tigre camp. This equipment will then be available to be relocated to the Gold Hill target area once work commences in early January 2013. Major Drilling was the drilling contractor used for the 2011 program.

Stuart Ross, President and CEO stated, "Our 2013 exploration program will provide information which will allow for a complete revision of our NI 43-101 Technical Report. For the first time, the company will be able to measure its exploration success with reported resources."

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 www.eltigresilvercorp.com.

Cautionary Statements:

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.

Potential - the potential quality and grade is conceptual in nature. There has been insufficient exploration at the El Tigre Silver property to define a mineral resource. It is uncertain if further exploration will result in discovery of a mineral resource.

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.
Stuart Ross
President and CEO
(778) 980-7187
srross@eltigresilvercorp.com
or
El Tigre Silver Corp.
Steven Craig
VP Exploration
(775) 815-8456
scraig@eltigresilvercorp.com
or
El Tigre Silver Corp.
Rob Grace
Corporate Communications
(604) 639-0044
(604) 608-6163 (FAX)
rgrace@eltigresilvercorp.com
www.eltigresilvercorp.com
Companies Mentionned : El Tigre Silver Corp. | Major Drilling | Reliance | Southern | Total |
Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

El Tigre Silver Corp.

EXPLORATION STAGE
CODE : ELS.V
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Financings of El Tigre Silver Corp.
2/14/2014Closes Private Placement For Gross Proceeds Of $1,500,000
1/28/2014Announces Private Placement
10/30/2013Closes Private Placement for Gross Proceeds of $707,000
9/20/2013Announces Closing Of First Tranche Of Private Placement
9/5/2013Announces Private Placement
3/5/2013ANNOUNCES PRIVATE PLACEMENT
11/21/2012Announces Proposed Warrant Extension
11/15/2012Closes Private Placement for Gross Proceeds of $2,227,000
9/17/2012Announces Private Placement
2/12/2010Closing of Private Placement and Update on Qualifying Transa...
Nominations of El Tigre Silver Corp.
10/16/2012Director Resignation
6/27/2011Adds Experience With Appointment of Chief Geologist
11/9/2010Appoints New Director
3/30/2010(El Tigre)Appointment of Project Geologist
Project news of El Tigre Silver Corp.
11/14/2013To Proceed On Silver And Gold Tailings Recovery Project In S...
5/14/2013Drills 1.4 Metres of 4,143 g/t Ag and 5.4 g/t Au including 0...
5/2/2013Reports Continued Strong Assay Results from Stockwork Target
4/19/2013Drills 1.4 meters of 115.34 g/t Au Equivalent- 74.2 g/t Au a...
1/21/2013Commences its 2013 Drilling Campaign on its Gold Hill Dissem...
5/24/2012Reports New Silver Assays from Ongoing Drilling Program
2/6/2012Reports New Assays from its Silver-Gold Tailings Project in ...
5/18/2011(El Tigre)Begins Exploration in the Brown's Shaft Area of the El Tigre...
5/10/2011(El Tigre)Drills Sietz Kelly and El Tigre Veins at Its Sonora, Mexico ...
3/14/2011(El Tigre)on Drilling at the El Tigre Property, Sonora, Mexico
3/8/2011(El Tigre)Assay Results Confirm Gold Mineralization in Tigre Viejo Can...
12/16/2010(El Tigre) Assays of Channel Samples Confirm Surface Silver Mineraliza...
10/18/2010(El Tigre)Geologic Mapping and Sampling Commences on Primary Target at...
7/13/2010(El Tigre)Exploration Commences at Gold Hill on the El Tigre Property
3/19/2010(El Tigre)Update on Work Program
Corporate news of El Tigre Silver Corp.
12/23/2013Announces Agreement With Hard Rock Consulting, LLC
8/16/2013files updated NI 43-101 Prefeasibility Study and Resource Es...
8/1/2013Announces Receipt of Tailings Recovery Environmental Permit ...
7/4/2013(El Tigre)Announces Reserves and Resources at El Tigre Property in Son...
6/25/2013Reports Annual and Special Meeting Results
5/23/2013Reports Final Drill Assays and NI 43-101 Resource Modeling W...
5/22/2013Adopts Advance Notice Policy
4/18/2013Drills 1.4 meters of 115.34 g/t Au Equivalent-74.2 g/t Au an...
4/11/2013Clarifies Technical Disclosure
4/3/2013Drills 72.55 m of 2.26 g/t Au Equivalent-24.8 g/t Ag and 1.7...
3/20/2013Drill Hole ET13-50 Intercepts 57.6 M of 17.83 g/t Ag and 0.6...
2/7/2013Updates Drilling Campaign on its Gold Hill Disseminated Gold...
12/24/2012Grants Incentive Stock Options
12/18/2012Mobilizes Drill for Continued Definition of the Gold Hill Di...
11/29/2012Reports Exploration Highlights and Progress
2/16/2012Reports Average Gold Assays of 41.4 Meters at 1.0 g/t, Annou...
6/16/2011Pursues Listing on OTCQX and Announces Engagement of Roth Ca...
5/27/2011(El Tigre)Assay Results Confirm Gold Silver Mineralization in Tigre Vi...
5/4/2011Drill Hole ET-27 Intercepts 2.8 Metres of 242 g/T Silver and...
4/13/2011Drill Hole ET-26 Encounters 11.69 Meters 180 Grams Per Tonne...
11/9/2010Grupo Mexico Ex joins Tigre Silver
4/14/2010Acquisition of 44,000 hectares
3/18/2010Clarification of Website Content
3/9/2010Resumption of Trading
3/5/2010Amendment to Structure of Qualifying Transaction and Closing...
1/2/2010Update on Qualifying Transaction and Filing of Filing Statem...
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