Silver Elephant Resumes Trucking from Apuradita Silver Mining Operation
Silver Elephant Resumes Trucking from Apuradita
Silver Mining Operation
Vancouver, British Columbia, February 5, 2026 — Silver Elephant Mining Corp. (“Silver
Elephant” or the “Company”) (TSX: ELEF, OTCQB: SILEF, Frankfurt: 1P2) announces that it
has resumed trucking of silver-bearing miner alized material from the Company’s on-going Paca
Apuradita Mining Project (“Apuradita”) to a designated toll-mill plant in Bolivia.
The trucking was temporarily suspended due to shortage of diesel fuel and rainy weather.
Approximately 1,750 tonnes of silver-bearing mineralized material are currently stockpiled at
Apuradita which is being trucked to a designated toll-mill plant in Bolivia to produce high-grade
silver-lead concentrate. The concentrate will then be sold at market prices to the international
market.
The mining operation at Apuradita tunnel continues at a steady monthly rate of 500 to 1,000
tonnes of silver-bearing mineralized material. The Company estimates approximately at least
10,000 tonnes of mineralized material remain wi thin the Apuradita tunnel complex. Mineralized
zones are delineated, and vertical levels are developed. This estimate is conceptual in nature and
is not supported by a current mineral resource or mineral reserve estimate as defined under NI
43-101. Mineral resources that are not mineral reserves do not have demonstrated economic
viability and therefore should not be relied upon.
As outlined in the news release dated July 8, 2024, sulphide mineralized material at Apuradita is
being exploited using the shrinkage stoping method. The two stopes are designed with
approximate dimensions of 30 meters in length, 20 meters in height, and 4 meters in width,
targeting an extraction rate of 30 to 50 tonnes per day. Based on diamond drilling and internal
geological modeling, the average grade of extracted sulphide material is 412 g/t Ag, 1.09% Pb,
and 0.38% Zn.
Silver Elephant has identified multiple high-grade areas within the Apuradita tunnel where the
Company is developing additional mining faces through crosscuts and drifts to access and extract
silver-bearing mineralized material from these areas.
In parallel, the Company is exploring near-surface oxide mineralized layers within the Apuradita
project that are potentially suitable for open-pit mining with favorable strip ratios. The company is
very encouraged by the bulk tonnage oxide mining potential at the current silver price.
Qualified Person
The technical contents of this news release have been prepared under the supervision of Carlos
Zamora, a member of the American Institute of Professional Geologists (AIPG) and a Certified
Professional Geologist (CPG) since 2024, 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 Global Laboratories in Oruro, Bolivia for
sample preparation, after which, the prepared pulps are shipped to ALS Global laboratories for
analysis in Lima, Peru. Samples are analyzed using Intermediate Level Four acid digestion.
Silver over limits (“ore grade”) are determined by fire assay with a gravimetric finish for precise
quantification. 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 collected from HQ and NQ-diameter diam ond drill core which is longitudinally halved using
diamond-blade masonry saw. One-half of the core is submitted for laboratory analysis, while the
other half is preserved on the Company’s secured core facility for future reference. All core
undergoes geotechnical analysis, photographed and then detailed geological logging by the
Company’s qualified geologists prior to sampling.
About Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company focused on the development of its silver-lead-
zinc project 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 information” and “forward-looking statements”
(collectively, “forward-looking information”) within the meaning of applicable securities laws.
Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,”
“will,” “anticipates,” “intends,” “could”, “estimates”, “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 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 information.
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; changes 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 out in its latest annual and interim management’s
discussion and analysis and annual information 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. Readers 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.