Silver Elephant Executes Drilling Program at Paca, Pulacayo Project
Silver Elephant Executes Drilling Program
at Paca, Pulacayo Project
Vancouver, British Columbia, October 14, 2020 – Silver Elephant Mining Corp. (“Silver Elephant” or
“the Company”) (TSX: ELEF, OTCQX:SILEF, Frankfurt:1P2N announces it has completed a 545 meter
exploration drilling program at the Paca deposit at the Pulacayo Project in Bolivia.
Almost all of the previous 19,688 meters of drilling conducted at Paca were completed in a north- south
direction. The drilling defined the resource envelope hosting Paca’s main east-west mineralized trend.
During the mapping completed in late 2019 Silver Elephant geologists recognized additional structures in the
Paca area that may run oblique to the main east-west trending structure.
In this program, 5 holes were drilled diagonally to test possible oblique structures for ‘blind’ mineralization
that might have previously gone undetected.
Core samples have been submitted to the laboratory for assay. Results are expected sometime in November
2020.
Visit www.silverelef.com for maps.
About Pulacayo Project
Pulacayo Project’s Mineral Resource Estimate has an effective date of October 1 3, 2020 and includes an
Indicated Mineral Resource of 106.7 million oz of silver, 1,384.7 million pounds of zinc, and 693.9 million
pounds of lead, and an Inferred Mineral Resource of 13.1 million oz of silver, 122.8 million pounds of zinc
and 61.9 million pounds of lead (refer to Company’s press release dated October 13th, 2020).
Silver Elephant’s Pulacayo Project Resource Estimate October 13, 2020
Deposit Category Rounded
Tonnes Ag Moz Zn Mlbs Pb Mlbs AgEq Moz %Reported Ag
Pulacayo Indicated 26,350,000 70.2 903.7 386.0 133.4 64% Inferred 1,670,000 7.2 71.8 18.4 11.4
Paca Indicated 21,690,000 37.0 485.8 304.2 70.2 36% Inferred 3,395,000 6.0 51.1 43.7 9.2
Total Indicated 48,040,000 106.7 1,384.7 690.2 208.5 89%
Inferred 5,065,000 13.1 122.8 61.9 21.7 11%
The Mineral Resource Estimate was prepared by Mercator Geological Services Limited (“ Mercator”) under
supervision of Matthew Harrington, P. Geo., who is an independent Qualified Person as defined under NI 43-
101.
Qualified Person
The technical contents of this news release have been prepared under the supervision of Danniel Oosterman,
VP Exploration. Mr. Oosterman is not independent of the Company in that he is employed by it. Mr.
Oosterman is a qualified person (“QP”) as defined by the guidelines in NI 43-101.
About Silver Elephant
Silver Elephant is a premier silver mining company. The Company’s goal is to enable shareholders to own
as much silver in the ground as possible.
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
“Joaquin Merino “
VP For South America Operation
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
[email protected] www.silverelef.com
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policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such as “expects”,
“anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which
are not historical facts are forward-looking information within the meaning of applicable securities laws. Such forward-
looking statements, which reflect management’s expectations regarding Company’s future growth, results of operations,
performance, and business prospects and opportunities, are based on certain factors and assumptions and involve
known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be
materially different from future results, performance, or achievements expressed or implied by such forward -looking
statements.
These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-
looking statements. The Company believes that the expectations reflected in the forward-looking statements contained
in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be
given that these ex pectations will prove to be correct. In addition, although the Company has attempted to identify
important factors that could cause actual actions, events, or results to differ materially from those described in forward-
looking statements, there may be other factors that cause actions, events, or results not to be as anticipated, estimated,
or intended. The Company undertakes no obligation to publicly release any future revisions to forward-looking
statements to reflect events or circumstances after the dat e of this news or to reflect the occurrence of unanticipated
events, except as expressly required by law.