Silver Elephant Reports Assay Results Up To 34 g/t Gallium, 266 g/t Indium At the Pulacayo -Paca Silver Project in Bolivia
Silver Elephant Reports Assay Results Up To 34 g/t Gallium,
266 g/t Indium At the Pulacayo -Paca Silver Project in
Bolivia
Vancouver, British Columbia – July 2 , 2024 — Silver Elephant Mining Corp. (“Silver
Elephant” or the “ Company”) (TSX: ELEF, OTC: SILEF, Frankfurt: 1P2) is pleased to report
gallium and indium assay results from the selected drill core at its flagship Pulacayo-Paca silver-
lead-zinc project (“Pulacayo-Paca Project”) in Potosi department, Bolivia.
The results show extensive occurrences of gallium and indium in the assayed samples over a
strike-length of approximately 750 meters that appear to be correlated to zinc. The Company is
highly encouraged by the gallium and indium results and will cont inue to evaluate this potential.
These elements could add significant value to any final concentrate produced from mining and
processing activities.
A total of 199 core samples from 12 diamond drill holes were collected from the Pulacayo-Paca
project and submitted to ALS Laboratory in Bolivia to assay for gallium and indium. The samples
were selected because of their proximity to drill holes PUD 028, PUD 029, PUD 030 and PUD
031, whose samples were assayed by the previous operator for gallium and indium. Results
from thos e drill holes included 99 meters of 27.8 g/t gallium and 9.7 g/t indium. (refer to
Company News Release dated May 21, 2024).
The drill holes reported in the following tables were previously assayed for silver, lead and zinc
only. It should be noted that only selected intervals were assayed for gallium and indium in this
initial discovery test.
HOLE ID FROM m TO m WIDTH m Ag g/t Pb % Zn % Ga g/t In g/t
PUD156 247.3 248 0.7 934 5.67 6.16 4.56 266.00
11PUD231 30 31 1 1 0.53 0.01 7.58 12.25
11PUD231 42 43 1 1 0.65 0.02 10.05 14.55
11PUD231 48 49 1 2 1.56 0.02 34.80 42.40
11PUD231 101 102 1 108 1.91 8.71 5.56 38.40
11PUD231 111 112 1 345 5.83 10.85 8.83 74.80
11PUD231 119 120 1 145 2.20 1.23 10.20 29.00
PUD069 254 255 1 40 1.10 5.44 4.61 11.15
PUD069 278 279 1 44 0.17 6.65 2.42 20.30
PUD069 290 291 1 98 0.91 1.20 2.57 17.75
PUD069 296 297 1 620 0.44 8.79 3.04 16.40
PUD069 310 311 1 169 0.24 7.73 7.08 219.00
11PUD220 84 85 1 74 2.67 2.95 2.61 14.50
PUD046 227 228 1 54 1.02 4.35 3.90 10.30
PUD046 233 234 1 93 1.62 3.82 7.29 21.60
PUD046 261 262 1 106 1.47 1.81 1.84 20.80
PUD046 267 268 1 314 1.71 2.44 2.53 20.00
PUD046 273 274 1 62 0.96 4.91 4.61 37.50
PUD046 279 280 1 56 0.51 5.48 5.45 32.70
PUD046 285 286 1 199 1.99 6.70 3.77 29.50
PUD046 291 292 1 786 10.95 3.59 5.74 51.00
PUD046 296 297 1 >100 0.83 >10000 2.05 12.40
PUD098 63 64.15 1.15 77 1.74 3.89 2.93 12.60
PUD098 154 155 1 44 0.71 5.84 5.18 43.40
PUD098 159 160 1 1.29 0.15 0.66 4.64 14.00
PUD098 184 185 1 41 0.94 5.43 2.52 12.90
PUD098 190 191 1 650 10.90 12.95 6.84 83.90
PUD187 316 317 1 15 0.06 1.63 3.27 13.25
PUD267 33.5 35 1.5 40 1.22 1.21 3.78 15.90
In the next table, the Company presents the silver, lead, and zinc assay results (previously
reported by Apogee Minerals Ltd. and Silver Elephant) of the same drill holes which gallium and
indium analysis were performed in 2024 . The historic drill results show wide intersections of
mineralization.
HOLE ID FROM m TO m WIDTH m TRUE
WIDTH m Ag g/t Pb % Zn %
PUD 156 241 278 37 22.78 74.65 0.33 0.82
including… 246.6 253 6.4 3.94 217.49 0.99 1.36
11PUD 231 21 23 2 0.94 199.5 9.35 0.06
11PUD 231 40 47 7 3.29 92 2.53 0.07
including… 45 46 1 0.47 407 6.72 0.07
101 106 5 2.35 54.4 1.07 3.32
109 114 5 2.35 96.4 1.77 4.7
117 120 3 1.41 79 1.37 4.45
PUD 069 276 306 30 22.98 413.9 3.59 1.2
11PUD 220 35.2 56 20.8 9.76 79.3 0.9 0.62
65 68 3 1.41 44.7 0.75 0.6
80 89 9 4.22 119.7 2.6 2.64
PUD 040 237 241 4 2.29 7.25 1.1 3.49
PUD 046 225 309 84 70.44 106.29 0.86 2.26
including… 284 303 19 15.93 258.47 1.8 2.85
PUD 187 315 317 2 1.53 13.5 0.08 1.74
324 326 2 1.53 7 0.01 1.14
PUD 267 31.5 67 35.5 25.10 54.3 4.31 0.92
including… 48 58 10 7.07 146.7 9.79 1.97
PUD 267 117 123 6 4.24 47.8 1.11 0.25
including… 121 122 1 0.71 238 3.61 0.86
127.5 131 3.5 2.47 1.3 1.45 0.25
139.5 142 2.5 1.77 2.4 1.68 0.2
PUD 271 123 126 3 2.12 1 0.005 0.012
PUD 098 178 215 37 29.93 48.8 1.06 2.9
Including… 189 193 14 11.33 304.4 5.15 10.69
PND 108 15 65 50 48.30 135 1.42 0.4
including… 33 57 24 23.18 200 2.12 0.6
and… 33 43 10 9.66 257 1.49 0.41
94 96 2 1.93 160 0.52 0.94
PND 110 9 182 173 122.33 95 1.4 1.63
incl… 9 98 89 62.93 279 1.17 1.28
and… 9 28 19 13.43 718 0.74 0.05
and… 9 12 3 2.12 145 0.9 0.07
and… 16 28 12 8.49 1085 0.71 0.04
and… 44 180 138 97.58 87 2.01 1.59
and… 44 46.5 2.5 1.77 111 1.09 0.61
and… 44 98 54 38.18 98 1.52 2.03
and… 52 54 2 1.41 115 1.33 1.61
and… 60 82 22 15.56 328 1.43 1.98
and… 61 65 4 2.83 1248 2.88 1.93
and… 86 94 8 5.66 270 2.74 2.83
and… 97 98 1 0.71 155 3.03 3.26
The locations of the latest sampled Pulacayo drill holes are shown on the map below, which
also displays the 43-101 resource envelope of Pulacayo:
The Pulacayo-Paca project has a total indicated resource of 106.7 million ounces of silver, 1.4
billion pounds of zinc and 690 million pounds of lead (48Mt @ 69g/t Ag, 1.3% Zn, 0.7% Pb)
published in the Technical Report dated October 13, 2020 and tabulated below.
Pulacayo-Paca Project Resource Estimate Oct 13, 2020*
Deposit Category k Tonnes Ag M oz Zn M lbs Pb M lbs
Pulacayo Indicated 26,350 70.2 903.7 386
Inferred 1,670 7.2 71.8 18.4
Paca Indicated 21,690 37 485.8 304.2
Inferred 3,395 6 51.1 43.7
Total Indicated 48,040 106.7 1,384.70 690.2
Inferred 5,065 13.1 122.8 61.9
*Combined Indicated Mineral Resources includes Pulacayo pit -constrained and out -of-pit plus
only Paca pit-constrained resources. Oxide resources use a 50 g/t Ag cutoff. Sulfide resources
use a 100 g/t Ag Eq cutoff. Ag Eq = Silver Equivalent (Recovered) = (A g
g/t*89.2%)+((Pb%*(US$0.95/lb. Pb/14.583 Troy oz./lb./US$17 per Troy oz.
Ag)*(10,000*91.9%))+((Zn%*(US$1.16/lb. Zn/14.583 Troy oz./lb./US$17 per Troy oz.
Ag)*(10,000*82.9%)). Sulphide zone metal recoveries of 89.2% for Ag, 91.9% for Pb, and
82.9% for Zn w ere used in the Silver Equivalent (Recovered) equation and reflect metallurgical
testing results disclosed previously for the Pulacayo Deposit. Matthew Harrington P. Geo.,
Michael Cullen, P. Geo. and Osvaldo Arce, P. Geo are the independent Qualified Perso ns for
the mineral resource estimate (“N.I. 43-101 Mineral Resource Estimate Technical Report for the
Pulacayo Project Effectve Date October 13, 2020”). They have verified all data and the QA/QC
methodology. Mineral resources that are not mineral reserves do not have demonstrated
economic viability.
The full gallium and indium assay results are shown in the table below.
HOLE ID FROM m TO m WIDTH m Ag g/t Pb % Zn % Ga g/t In g/t
PUD156 234 235 1 0.5 0.117 0.56 0.77 0.759
PUD156 240 241 1 8 0.004 0.188 1.32 6.74
PUD156 247.3 248 0.7 934 5.67 6.16 4.56 266
PUD156 253 254 1 26 0.297 0.769 1.1 6.67
PUD156 259 260 1 10 0.38 1.05 1.7 2.41
PUD156 264 265 1 497 1.015 0.441 0.99 6.47
PUD156 270 271 1 4 0.079 0.292 0.94 0.51
PUD156 276 277 1 3 0.154 0.702 0.86 3.76
PUD156 282 283 1 1 0.041 0.088 0.86 0.031
PUD156 288 289 1 3 0.121 0.405 0.83 0.096
11PUD231 12 13 1 0.5 0.0005 0.001 5.22 0.027
11PUD231 18 19 1 1 0.001 0.001 3.79 0.054
11PUD231 24 25 1 3 1.07 0.01 5.92 4.29
11PUD231 30 31 1 1 0.53 0.01 7.58 12.25
11PUD231 36 37 1 5 0.65 0.23 1.94 0.797
11PUD231 42 43 1 1 0.65 0.02 10.05 14.55
11PUD231 48 49 1 2 1.56 0.02 34.8 42.4
11PUD231 54 55 1 7 0.29 0.001 5.07 2.37
11PUD231 60 61 1 2 0.01 0.02 3.27 0.102
11PUD231 66 67 1 1 0.001 0.02 3.18 0.056
11PUD231 72 72.9 0.9 4 0.16 0.75 2.24 0.207
11PUD231 79 80 1 0.5 0.01 0.02 4.47 1.885
11PUD231 85 86 1 0.5 0.03 0.1 3.18 0.14
11PUD231 91 92 1 5 0.35 0.77 3.59 2.75
11PUD231 97 98 1 0.5 0.02 0.13 1.58 0.14
11PUD231 101 102 1 108 1.91 8.71 5.56 38.4
11PUD231 107 108 1 10 0.24 0.57 2.96 1.275
11PUD231 111 112 1 345 5.83 10.85 8.83 74.8
11PUD231 119 120 1 145 2.2 1.23 10.2 29
11PUD231 126 127 1 1 0.001 0.03 2.04 0.277
PUD069 92 93 1 0.5 0.02 0.09 1.84 0.041
PUD069 98 99 1 1 0.005 0.02 2.27 0.031
PUD069 104 105 1 1 0.06 0.34 1.88 0.108
PUD069 110 111 1 1 0.04 0.17 2.5 0.047
PUD069 116 117 1 0.5 0.005 0.01 3.1 0.039
PUD069 122 123 1 0.5 0.02 0.08 3.11 0.081
PUD069 128 129 1 18 0.53 5.13 4.12 4.58
PUD069 134 136 2 0.5 0.01 0.02 2.76 0.047
PUD069 146 148 2 1 0.08 0.57 2.1 0.454
PUD069 158 160 2 0.5 0.01 0.07 1.96 0.05
PUD069 170 172 2 1 0.005 0.03 3.38 0.049
PUD069 182 184 2 0.5 0.01 0.12 1.89 0.05
PUD069 194 196 2 2 0.06 0.21 2.47 0.21
PUD069 206 208 2 0.5 0.02 0.09 3.17 0.061
PUD069 218 220 2 1 0.02 0.07 1.86 0.035
PUD069 230 232 2 1 0.04 0.19 2.04 0.054
PUD069 242 243 1 0.5 0.03 0.16 1.47 0.044
PUD069 248 249 1 0.5 0.01 0.05 1.46 0.022
PUD069 254 255 1 40 1.1 5.44 4.61 11.15
PUD069 260 261 1 1 0.1 0.5 1.97 0.927
PUD069 268 269 1 2 0.14 0.38 1.74 0.473
PUD069 274 275 1 10 0.29 1.65 2.74 5.53
PUD069 278 279 1 44 0.17 6.65 2.42 20.3
PUD069 290 291 1 98 0.91 1.2 2.57 17.75
PUD069 296 297 1 620 0.44 8.79 3.04 16.4
PUD069 304 305 1 590 0.62 0.57 1.35 3.74
PUD069 310 311 1 169 0.24 7.73 7.08 219
PUD069 316 317 1 7 0.27 0.84 1.53 0.247
PUD069 322 323 1 5 0.24 1.14 1.54 0.207
PUD069 328 329 1 1 0.03 0.17 1.33 0.055
PUD069 334 335 1 0.5 0.005 0.03 1.37 0.046
PUD069 340 341 1 1 0.01 0.04 1 0.046
PUD069 346 347 1 1 0.01 0.05 1.1 0.048
11PUD220 20 21 1 0.5 0.0005 0.085 5.98 0.102
11PUD220 25 26 1 1 0.062 0.059 3.72 0.4
11PUD220 31 32 1 1 0.051 0.037 3.79 0.048
11PUD220 61 62 1 8 0.605 0.433 2.12 2.17
11PUD220 67 68 1 91 0.783 0.523 3.25 5.35
11PUD220 73 74 1 8 0.455 0.988 1.42 1.615
11PUD220 79 80 1 8 0.233 0.938 1.9 0.787
11PUD220 84 85 1 74 2.67 2.95 2.61 14.5
11PUD220 89 90 1 5 0.341 0.212 1.94 0.656
11PUD220 95 96 1 1 0.001 0.009 1.66 0.057
11PUD220 101 102 1 0.5 0.001 0.013 3.65 0.055
11PUD220 107 108 1 0.5 0.037 0.125 1.68 0.078
PUD040 4 6 2 0.5 0.07 0.01 3.07 0.388
PUD040 16 17 1 2 0.11 0.02 2.67 1.14
PUD040 22 23 1 0.5 0.02 0.06 3.08 0.035
PUD040 28 29 1 5 0.49 0.03 2.78 0.805
PUD040 34 35 1 3 0.25 0.02 2.23 0.278
PUD040 40 41 1 0.5 0.03 0.11 4.86 0.031
PUD040 46 47 1 1 0.11 0.48 2.71 0.05
PUD040 52 53 1 0.5 0.005 0.25 5.35 0.045
PUD040 58 59 1 0.5 0.005 0.71 8.2 0.051
PUD040 64 65 1 1 0.005 1.28 5.68 0.058
PUD040 70 72 2 0.5 0.005 0.36 2.88 0.023
PUD040 82 84 2 0.5 0.005 0.17 2.38 0.019
PUD040 94 96 2 1 0.005 0.52 2.16 0.021
PUD040 106 108 2 1 0.005 0.29 2.67 0.022
PUD040 118 120 2 1 0.005 0.1 2.02 0.022
PUD040 130 132 2 0.5 0.005 0.01 2.16 0.022
PUD040 142 144 2 0.5 0.005 0.005 1.42 0.019
PUD040 154 156 2 0.5 0.005 0.24 1.41 0.02
PUD040 166 168 2 0.5 0.005 0.01 1.4 0.016
PUD040 176 177 1 1 0.005 0.01 1.26 0.015
PUD040 182 183 1 0.5 0.005 0.01 0.56 0.01
PUD040 191 193 2 1 0.005 0.07 1 0.012
PUD040 203 204 1 0.5 0.005 0.1 1.02 0.022
PUD040 209 210 1 0.5 0.01 0.21 2.32 0.082
PUD040 215 216 1 1 0.005 0.06 2.84 0.097
PUD040 221 222 1 0.5 0.005 0.04 3.08 0.054
PUD040 227 228 1 0.5 0.06 0.19 2.44 0.071
PUD040 233 234 1 0.5 0.005 0.03 2.5 0.042
PUD040 239 240 1 13 2.01 6.27 1.45 0.036
PUD040 245 246 1 0.5 0.005 0.05 2.55 0.044
PUD040 251 252 1 0.5 0.03 0.1 2.23 0.033
PUD040 257 258 1 0.5 0.03 0.07 2.29 0.036
PUD046 153 154 1 4 0.21 1.23 2.05 0.496
PUD046 164 166 2 2 0.09 0.46 1.84 0.528
PUD046 176 178 2 2 0.06 0.35 2.49 0.445
PUD046 188 190 2 5 0.27 0.85 2.15 1.585
PUD046 200 202 2 2 0.09 0.39 1.49 0.417
PUD046 212 214 2 1 0.01 0.05 1.55 0.05
PUD046 221 222 1 4 0.06 0.34 1.33 1.51
PUD046 227 228 1 54 1.02 4.35 3.9 10.3
PUD046 233 234 1 93 1.62 3.82 7.29 21.6
PUD046 239 240 1 8 0.33 1.9 2.26 6.56
PUD046 245 246 1 474 1.13 1.68 2.66 1.48
PUD046 251 252 1 9 0.13 0.51 2.61 8.44
PUD046 261 262 1 106 1.47 1.81 1.84 20.8
PUD046 267 268 1 314 1.71 2.44 2.53 20
PUD046 273 274 1 62 0.96 4.91 4.61 37.5
PUD046 279 280 1 56 0.51 5.48 5.45 32.7
PUD046 285 286 1 199 1.99 6.7 3.77 29.5
PUD046 291 292 1 786 10.95 3.59 5.74 51
PUD046 296 297 1 2.05 12.4
PUD046 303 304 1 6 0.19 0.63 1.77 0.122
PUD046 309 310 1 0.5 0.03 0.1 1.2 0.051
PUD046 315 316 1 4 0.11 0.4 1.04 0.839
PUD046 321 322 1 3 0.08 0.31 1.2 0.042
PUD046 332 334 2 1 0.01 0.09 1.82 0.037
PUD046 346 348 2 16 0.62 1.84 2.14 2.39
PUD098 21 22 1 13 0.69 1.26 2.81 2.62
PUD098 27 28 1 1 0.01 0.02 2.52 0.086
PUD098 35 36 2.91 0.255
PUD098 39 40 1 8 0.24 1.44 2.81 2.53
PUD098 45 46 1 12 0.36 1.77 3.17 4.24
PUD098 51 52 1 12 0.27 1.04 2.36 4.01
PUD098 57 58 1 3 0.1 0.24 2.22 0.922
PUD098 63 64.15 1.15 77 1.74 3.89 2.93 12.6
PUD098 110 111 1 1 0.005 0.04 0.64 0.051
PUD098 116 117 1 2 0.07 0.32 1.54 0.064
PUD098 122 123 1 2 0.16 0.69 2.3 0.4
PUD098 128 129 1 5 0.13 0.7 1.53 1.775
PUD098 134 135 1 8 0.15 1.08 1.92 2.4
PUD098 140 141 1 6 0.18 0.9 2.35 7.4
PUD098 148 149 1 22 0.48 1.16 2.5 7.06
PUD098 154 155 1 44 0.71 5.84 5.18 43.4
PUD098 159 160 4.64 14
PUD098 166 167 1 5 0.14 0.42 1.68 0.117
PUD098 172 173 1 0.5 0.01 0.04 1.86 0.056
PUD098 178 179 1 15 0.22 1.28 1.7 0.452
PUD098 184 185 1 41 0.94 5.43 2.52 12.9
PUD098 190 191 1 650 10.9 12.95 6.84 83.9
PUD098 195 196 1 6 0.2 0.64 1.6 0.105
PUD098 201 202 1 7 0.24 0.91 2.16 0.07
PUD098 207 208 1 2 0.17 0.77 1.82 0.066
PUD098 212 213 1 1 0.12 0.32 2.12 0.07
PUD098 217 218 1 1 0.005 0.03 1.5 0.034
PUD187 298 299 1 0.5 0.004 0.121 2.1 0.023
PUD187 304 305 1 1 0.056 0.195 1.82 0.025
PUD187 310 311 1 1 0.028 0.102 1.38 0.026