Announcement Date: 2022-03-29
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Silver Elephant Mining Corp.
Project name: Pulacayo
Location: Bolivia
Commodities: Silver,Lead,Zinc
Highlight: Drilling results incl. 34.0m @ 22g/t Ag, 0.26% Pb, 0.22% Zn from 486.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia, March 29, 2022 – Silver Elephant Mining Corp. (“Silver Elephant” or “the Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces regional exploration drilling results from its 100%-controlled Pulacayo silver project in the Potosi department of Bolivia. A total of 9 holes were drilled, totaling 3,251 meters to test several induced polarization (“IP”) geophysical targets within a 3km radius from the San Leon tunnel entrance accessing the east-west trending Tajo Vein System (“TVS”) that comprises the Pulacayo deposit. The TVS is where all of the historic Pulacayo silver production took place from the early 1800’s until 1952. This modest drill program covering an area of 3.5km by 2km is the largest regional drill campaign outside of the Pulacayo and Paca deposits (Paca is 7km north of Pulacayo). 3 of the 9 holes encountered multiple intersections of mineralization, including 2 meters grading 299g/t silver, 0.75% lead and 0.44% zinc at PUD292 (Pacamayo target).
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