One drill sample at Silver Tiger Metals’ project in Mexico came back at 29,620 grams of silver equivalent per tonne, nearly 30 kilograms in half a meter of core. Three days later, the company announced its mine is 65% through detailed engineering and about to join a $9.3 billion exchange-traded fund. Both things are happening at the same company, on the same project, in the same week.
Silver Tiger Hits Exceptional Grades North of Its Under-Construction Mine
Silver Tiger Metals Inc. (TSX: SLVR; OTCQX: SLVTF) reported exploration results on September 11 from its 2026 summer drill program on the Northern Area of its 100%-owned El Tigre silver-gold project in Sonora, Mexico. Hole ET-26-649 on the Caleigh Vein intersected 2.1 meters grading 7,715.1 g/t silver equivalent, including 0.53 meters at 29,620.0 g/t silver equivalent, consisting of 136.20 g/t gold and 19,405.0 g/t silver, one of the highest-grade intervals ever recorded on the property. A separate hole on the Protectora Vein, ET-26-643, returned 93.0 meters at 70.1 g/t silver equivalent, including 0.60 meters at 2,292.2 g/t. Drilling also confirmed a newly discovered Northern Stockwork Zone at hole ET-26-638, 15.5 meters at 101.9 g/t silver equivalent, which the company says shares the same geology as the Stockwork Zone already being mined to the south. Reported intervals are drill widths, not true widths.
The Northern Veins sit roughly 700 meters north of the heap leach mine currently under construction and are interpreted as faulted extensions of the same vein system already covered by the project’s 2025 pre-feasibility study. Geotechnical drilling conducted inside the footprint of the proposed heap leach pit itself, meant to confirm ground conditions for mine design, also returned high-grade material, including 1.0 meter at 1,137.5 g/t silver equivalent near surface. Silver equivalent figures in this release are calculated using a 75:1 silver-to-gold price ratio.
El Tigre Construction Is 65% Through Engineering, and Now It’s Joining a $9.3 Billion ETF
Three days later, on September 14, Silver Tiger announced it will be added to the VanEck Junior Gold Miners ETF (GDXJ) effective at the close of markets on September 18, an index fund that held approximately US$9.3 billion in assets and more than 110 holdings as of early September. The same release included a construction update: detailed engineering by contractor Kappes, Cassiday & Associates is 65% complete, the on-site mine operations camp is 50% installed, access road improvements are 85% finished, and earthworks for the heap leach pad, ponds and process plant platforms are 30% complete. Procurement of long-lead equipment, including the crusher and Merrill-Crowe refining plant, is finished. A 250-person Mexican engineering and construction team is on site, having logged 219,000 hours since construction began.
CEO Glenn Jessome said the company remains on schedule for commissioning and first gold-silver pour in December 2027. The construction decision for El Tigre has already been approved by Silver Tiger’s board, and the build is proceeding under an Engineering, Procurement and Construction Management contract with Kappes, Cassiday & Associates and its Mexican affiliate.
First Pour Targeted for December 2027, GDXJ Inclusion on September 18, and Further Northern Veins Drilling to Watch
Silver Tiger’s shares are set to formally join the GDXJ ETF at the close of trading on September 18. Construction milestones to watch in the coming months include progress past the current 65% engineering completion mark and 30% earthworks completion, with commissioning and first pour still targeted for December 2027. The company has said further infill drilling is planned in the Northern Veins area following this month’s results, though no specific timeline has been given for an updated resource estimate incorporating the new discoveries.
Sources
- StockTitan (ACCESS Newswire, original release reproduced in full): Silver Tiger Intersects 2.1 Metres of 7.72 Kilograms Per Tonne Silver Equivalent in the Caleigh Vein Including 0.53 Metres of 29.62 Kilograms, September 11, 2026
- StockTitan (ACCESS Newswire, original release reproduced in full): Silver Tiger Added to GDXJ Junior Gold Miners ETF and Provides Construction Update, September 14, 2026
Editorial Disclosure
This article is based entirely on publicly available information. Both releases cited were sourced via StockTitan’s full-text reproduction of Silver Tiger’s original ACCESS Newswire releases, with the original wire source and September 11 and September 14, 2026 dates visible within the reproduced text. The only security discussed is Silver Tiger Metals Inc. (TSX: SLVR; OTCQX: SLVTF). aktiego.com has not received any compensation from Silver Tiger, its management, investor relations representatives, or any third party. No staff member or principal of aktiego.com holds a position in this security at the time of publication.
Silver equivalent (AgEq) and gold equivalent (AuEq) figures cited in this article are calculated by the company using a 75:1 silver-to-gold price ratio, as stated in the underlying release; these are not directly comparable to equivalent figures calculated using other price ratios or spot prices. All drill intervals reported are drill widths, not true widths, per the company’s own release. The Northern Veins and Northern Stockwork Zone results discussed are exploration-stage; no resource estimate has been published incorporating them, and the company has not given a timeline for one. The qualified person named in the underlying releases, Charles Spath, P.Geo., M.Sc., is Silver Tiger’s own Vice President, Technical Services, a related-party relationship worth noting.
Statements regarding construction progress percentages, the December 2027 first-pour target, GDXJ ETF inclusion effective September 18, 2026, and future drilling plans are based on the company’s own disclosures and are forward-looking; actual construction timelines, costs, and outcomes are not guaranteed and could differ materially due to permitting, engineering, commodity price, financing, or other risks described in the company’s continuous-disclosure filings. GDXJ inclusion reflects an index provider’s rules-based methodology and is not an endorsement of the company by aktiego.com or any other party.
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