Silver Elephant’s Sunawayo Drills 2 Meters of 645 g/t Silver, 5.1% Lead, 1.3% Zinc, 0.2% Copper within 5 Meters of 380 g/t AgEq, Indium and Gallium Assays Pending.
Silver Elephant’s Sunawayo Drills 2 Meters of 645 g/t Silver, 5.1%
Lead, 1.3% Zinc, 0.2% Copper within 5 Meters of 380 g/t AgEq,
Indium and Gallium Assays Pending.
Vancouver, British Columbia, May 4 , 2021 – Silver Elephant Mining Corp. (“Silver Elephant” or “the
Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces drill assay results from the Sunawayo
project from drill holes SWD011 to SWD014, which include a high-grade intercept of 2.0 meters grading 645 g/t
Ag, 5.12% Pb and 1.34% Zn, 0.19% Cu (813 g/t AgEq) within a broader intercept of 5.0 meters grading 297 g/t
Ag, 2.43% Pb, 0.78% Zn, 0.08% Cu (380 g/t AgEq).
Highlighted results from this batch of drillholes is tabulated below:
Hole ID From To Length (m) AgEq (g/t) Ag (g/t) Pb % Zn % Cu % In g/t Ga g/t
SWD011 117.0 132.0 15.0 40 30 0.27 0.11 0.01 pending pending
incl… 121.0 125.0 4.0 72 57 0.41 0.17 0.01 pending pending
SWD011 181.0 192.0 11.0 33 15 0.60 0.07 0.02 pending pending
SWD011 190.0 192.0 2.0 40 15 0.88 0.12 0.02 pending pending
SWD012 16.0 17.0 1.0 36 15 0.96 0.01 0.00 pending pending
SWD012 38.0 40.0 2.0 30 8 0.93 0.03 0.02 pending pending
SWD012 99.0 100.0 1.0 33 23 0.21 0.11 0.03 pending pending
SWD013 3.0 21.0 18.0 35 23 0.40 0.02 0.02 pending pending
SWD013 146.0 151.0 5.0 380 297 2.43 0.78 0.08 pending pending
incl… 148.0 150.0 2.0 813 645 5.12 1.34 0.19 pending pending
SWD014 5.0 7.0 2.0 111 51 2.68 0.00 0.02 pending pending
SWD014 37.0 43.0 6.0 52 13 1.57 0.02 0.04 pending pending
SWD014 52.0 54.0 2.0 97 23 2.77 0.25 0.06 pending pending
SWD014 78.0 79.0 1.0 35 19 0.40 0.06 0.06 pending pending
Reported intercepts are core-lengths and not true-widths; based on core-angle measurements, true widths range
from 78% to 84% of reported core length. AgEq calculation uses a silver price of $25.00/oz, a zinc price of
$1.10/lb., a lead price of $0.80/lb. a nd a copper price of $3.00/lb. (all USD) and assumes 100% metallurgical
recovery as no metallurgical studies have been conducted on the project, and do not reliably reflect expected
metallurgical results. Silver equivalent values are calculated using the following formula: AgEq = Ag g/t + (Zn %
x 30.1644) + (Pb % x 21.9377) + (Cu% x 82.2665).
The Company has completed its planned 15- hole drilling program at Sunawayo with SWD015 assay results
pending.
Results thus far confirm 14 out of 14 Sunawayo drilled holes over a 6.8 km span contain silver mineralization,
highlighting the potential for the presence of one or more mineral deposits on the project. Currently there is
insufficient exploration to determine whether any resources are present.
In reviewing assay results of SWD001 to SWD014, the company discovered indium and gallium mineralization
and have re-submitted drill hole samples from SWD001 to SWD014 to ALS Global Laboratories for the analysis
of indium and gallium concentrations.
Detailed maps of Sunawayo located in central Bolivia are available at www.silverelef.com.
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.
Quality Assurance and Quality Control
Silver Elephant adopts industry -recognized best practices in its implementation of QA/QC methods. A
geochemical standard control sample and a blank sample are inserted into the sample stream at every 20th
sample. Duplicates are taken at every 40th sample. Standards and duplicates, including lab d uplicates and
standards, are analyzed using scatterplots. Samples are shipped to ALS Global Laboratories in Ururo, Bolivia
for preparation. They are then shipped to ALS Global laboratories in Lima, Peru for analysis. Samples are
analyzed using Intermediate Level Four Acid Digestion. Silver overlimits (“ore grade”) are analyzed using fire
assay with a gravimetric finish. ALS Laboratories sample management system meets all the requirements of the
International Standards ISO/IEC 17025:2017 and ISO 9001:2015. A ll ALS geochemical hub laboratories are
accredited to ISO/IEC 17025:2017 for specific analytical procedures.
All samples are taken from HQ -diameter core is 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 for reference at the Company’s secured
core facility. All the core is geotechnically analyzed and photographed and then logged by geologists prior to
sampling.
About Silver Elephant
Silver Elephant Mining Corp. is a premier silver mining and exploration company.
Further information on Silver Elephant can be found at www.silverelef.com.
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
“John Lee”
Executive Chairman
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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Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
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“intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts are
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and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove
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