Silver Elephant Starts Trucking and Toll Milling of Silver Materials from Apuradita Paca in Bolivia
Silver Elephant Starts Trucking and Toll Milling of Silver
Materials from Apuradita Paca in Bolivia
Vancouver, British Columbia, September 4, 2025 — Silver Elephant Mining Corp. (“ Silver
Elephant ” or the “ Company ”) (TSX: ELEF, OTCQB: SILEF, Frankfurt: 1P2) is ple ased to report
that trucking of silver-mineralized material from t he Company’s Apuradita Paca Project
(“ Apuradita ”) in Bolivia commenced on August 29, 2025. The mat erial mined from Apuradita is
being toll-milled at a 400-tonnes-per-day processin g plant located in Potosi, approximately 180
kilometers away (the “ Toll Milling Facility ”), to produce silver-lead-zinc concentrate for sal e to
an international concentrate buyer at spot silver price. There exists approximately 855 tonnes of
stockpiled materials to be toll milled. In addition, there is fresh mineralized materials coming from
on-going mine production. Apuradita is outside of t he area covered under the Mining Production
Contract between the Company and the Corporacion Minera de Bolivia (COMIBOL).
Silver Elephant maintains its near-term monthly pro duction forecast of 1,000 to 2,000 tonnes of
silver-bearing mineralized material. The Company cu rrently projects to toll-mill approximately
10,000 tonnes of mineralized feed in the initial ca mpaign, with further upside potential as
additional mineralized zones are delineated and developed.
During Apuradita tunnel development in 2025, the Company discovered several high-grade silver-
bearing stockwork veinlet systems prior to reaching intended stoping areas. Channel sampling
conducted along the tunnel walls intercepted a 10-meter-wide of highly mineralized interval which
is not included in the current resource model, and the extent and geometry of these shoots remain
unknown. The Company plans to explore these priority targets in due course.
As outlined in the news release dated July 8, 2024, sulphide mineralized materials at Apurdita will
be mined using the shrinkage stoping method. The tw o stopes are designed with approximate
dimensions of 30 meters in length x 20 meters in he ight x 4 meters in width, with a planned
average extraction 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 7.8 481 0.5 0.2
PND008 47 63 16 11.3 507 1.1 0.6
PND008 111.9 127 15.1 10.7 424 2 2.7
PND023 125 157 32 26.2 437 1.7 1
PND092 38 52 14 9.9 522 0.8 0.1
PND110 61 72 11 7.8 715 2.1 2.1
The full drill hole assay results were previously released on SEDAR from 2015 to 2025.
The assumptions set out above are based on a resour ce estimate at Apuradita that is not a
reserve estimate. Mineral resources that are not mi neral reserves do not have demonstrated
economic viability and therefore should not be relied upon.
The Company is thankful for continued support from local communities.
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 Profes sional 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.
About Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company with gold and 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 near-term delivery
targets of 1,000 to 2,000 tonnes per month, the projected 10,000 tonnes of mineralized material
to be delivered in the initial campaign, the potential for the delivery of more than 10,000 tonnes of
mineralized material based on the delineation and development of additional mineralized zones,
the ability of the Toll Milling Facility to process all mineralized material delivered from Apuradita,
the ability of the Toll Milling Facility to mill 400 tonnes-per day, the anticipated quantity and grade
of any mineralized material delivered to the Toll M illing Facility and the anticipated quantity and
grade of the concentrate from the Toll Milling Facility.
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.