Silver Elephant Mining Reaches High-Grade Silver Zo ne at Paca Apuradita Tunnel and Prepares for First Concen trate Sales in June
Silver Elephant Mining Reaches High-Grade Silver Zo ne at
Paca Apuradita Tunnel and Prepares for First Concen trate
Sales in June
Vancouver, British Columbia, June 10, 2025 - Silver Elephant Mining Corp. (“Silver
Elephant” or the “Company”) (TSX: ELEF, OTCQB: SILEF, Frankfurt: 1P2) is pleased to
announce that tunnel development has reached the first front stope access in the high grade silver
zone at its Paca Apuradita Silver Project (“Apuradi ta”) in the Potosi Department of Bolivia,
following its news release dated July 8, 2024. The Apuradita mining claim is registered under
Silver Elephant’s Bolivia subsidiary with the Boliv ian Jurisdictional Administrative Mining
Authority. Apuradita is not within the area covered under the Mining Production Contract between
the Company and the Corporacion Minera de Bolivia.
The Company has dug the Apuradita tunnel to its tar geted high-grade silver zone and begun
development of its first production stope. Mineralized material is currently being hauled to surface
by rail, where the initial stockpile of high grade material has reached approximately 150 tonnes
and is increasing daily.
As of May 31, 2025, the Company completed approxima tely 157 meters of horizontal tunneling
and has intersected high grade sulphide mineralized zone. The exposed mineralized face shows
strong visual indicators of disseminated silver min erals, galena and sphalerite as well as the
presence of veining, consistent with internal block model based on exploration drill holes at
Apuradita.
The Company would like to thank the support from local communities, including the Population of
Pulacayo, the Community of Huanchaca and the Author ities of Ayllu. All of the Company
employees and consultants on site are Bolivian nationals, the majority of whom are locals.
Toll Milling and Offtake Agreements
The Company has received multiple toll milling prop osals from processing plants in the Potosí
region. The mined materials from Apuradita will be hauled by trucks to Potosi plants to be
processed into concentrates containing silver, lead and zinc. These concentrates will then be
exported to international markets and sold at prevailing metal prices. The Company aims to sign
a toll milling agreement in June.
Concurrently, the Company is engaged in negotiation s with a number of potential buyers for
Apuradita silver bearing concentrates. The Company expects to sign an offtake agreement in
June.
As outlined in the news release dated July 8, 2024, the Apuradita tunnel provides access to
sulphide mineralized materials, which will be mined using the shrinkage stoping method. The two
stopes are designed with approximate dimensions of 30 meters in length x 20 meters in height x
4 meters in width, with a targeted average extracti on rate of 50 to 100 tonnes per day. The
calculated average grade of extracted and sorted sulphide materials is 412 g/t Ag, 1.09% Pb, and
0.38% Zn, based on diamond drill holes at Apuradita and an internally developed mine model.
Several examples of high-grade intercepts within the Apuradita mineralized zone include:
Hole ID From
m To m Length
m
True
Width
m
Ag g/t Pb % Zn %
PND004 86 97 11 7.78 481 0.47 0.2
PND008 47 63 16 11.31 507 1.14 0.57
PND008 111.9 127 15.1 10.68 424 1.96 2.65
PND023 125 157 32 26.21 437 1.69 1
PND092 38 52 14 9.9 522 0.77 0.09
PND110 61 72 11 7.78 715 2.14 2.10
The full drill hole assay results have previously been released on SEDAR+. All laboratory assays
were conducted by ALS Global, with sample preparati on carried out at ALS Bolivia and the
analyses performed at ALS Canada or Peru.
The assumptions set out above are based on a resource estimate at Apuradita that are not mineral
reserves. Mineral resources that are not mineral re serves have not demonstrated economic
viability and therefore should not be relied upon.
Potosi Region
Potosi town district hosts the Cerro Rico silver deposit and is home to about 100 privately owned,
small-sized processing facilities (ranging from 50 to 500 tonnes per day capacity) that produce
zinc and lead concentrates sold to many active comm odity traders. Potosi department is one of
the most active silver producing regions in the world.
Qualified Person
The technical contents of this news release have been prepared under the supervision of Carlos
Zamora, who is an employee of the Company and is not considered independent. Mr. Zamora is
a qualified person as defined by National Instrument 43-101.
QA/QC
Silver Elephant Mining Corp sends samples to ALS Gl obal Laboratories in Ururo, Bolivia for
preparation, which are then shipped to ALS Global l aboratories for analysis in Lima, Peru.
Samples are analyzed using Intermediate Level Four Acid Digestion. Silver overlimits (“ore
grade”) are analyzed using fire assay with a gravim etric finish. ALS Laboratories sample
management system meets all requirements of International Standards ISO/IEC 17025:2017 and
ISO 9001:2015. All ALS geochemical hub laboratories are accredited to ISO/IEC 17025:2017 for
specific analytical procedures. All samples are taken from HQ-diameter core which split in half by
a diamond-blade masonry saw. One-half of the core is submitted for laboratory analysis and the
other half is preserved on the Company’s secured co re facility for reference. All core is
geotechnically analyzed, photographed and then logged by geologists prior to sampling.
About Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company with silver projects in Bolivia.
Further information on Silver Elephant can be found at www.silverelef.com .
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
“John Lee”
CEO and Executive Chairman
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661
www.silverelef.com
FORWARD-LOOKING INFORMATION
This news release contains “forward-looking informa tion” and “forward-looking statements”
(collectively, “forward-looking information”) withi n the meaning of applicable securities laws.
Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,”
“will,” “anticipates,” “intends,” “could”, “estimat es”, “expects”, “forecasts”, “projects” and similar
expressions, and the negative of such expressions. Such forward-looking information, which
reflects management’s expectations regarding Silver Elephant’s future growth, results of
operations, performance, business prospects and opportunities, is based on certain factors and
assumptions and involves known and unknown risks an d uncertainties which may cause the
actual results, performance, or achievements to be materially different from future results,
performance, or achievements expressed or implied b y such forward-looking
information. Forward-looking information in this n ews release includes the sale of first
concentrates in June, the anticipated grade of the stockpiled material, the sales channel for the
mineralized material at Apuradita, the anticipated time to signing any offtake agreements, the
targeted average extraction rate of 50 to 100 tonnes per day.
Forward-looking statements involve significant risks and uncertainties, and should not be read as
guarantees of future performance, events or results, and may not be indicative of whether such
events or results will actually be achieved. A number of risks and other factors could cause actual
results to differ materially from expected results discussed in the forward-looking statements,
including but not limited to: market conditions; ch anges in business plans; ability to secure
sufficient financing to advance the Company’s mining projects; and general economic conditions.
Additional risk factors about the Company are set o ut in its latest annual and interim
management’s discussion and analysis and annual inf ormation form available under the
Company’s profile on SEDAR at www.sedarplus.ca.
Forward-looking information is based on reasonable assumptions by management as of the date
of this news release, and there can be no assurance that actual results will be consistent with any
forward-looking information included herein. Reader s are cautioned that all forward-looking
statements in this news release are made as of the date of this news release. The Company
undertakes no obligation to update or revise any forward-looking information in this news release
to reflect circumstances or events that occur after the date of this news release, except as required
by applicable securities laws.