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. 27.0m @ 159g/t Ag, 0.28% Pb, 0.05% Zn from 3.0m
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 diamond drilling results from the Paca deposit (“Paca”) within its 100%-controlled Pulacayo silver project (“Pulacayo”) in the Potosi department of Bolivia. A total of 8 holes were drilled at Paca, totaling 1,717 meters. PND 119, 120, 121 & 122 were drilled to test induced polarization (“IP”) geophysical anomalies located to the east of the current Paca resource. PND 123, 124, 125 & 126 were drilled to test potential northern extension of the Paca resource. The results are summarized in the following table Notable results include PND 123, collared at the northern edge of the Paca resource and drilled further to the north. The hole intercepted 27 meters of 159 g/t silver from near-surface, including 1.5 meters of 565 g/t silver. PND 123, 124, 125 & 126 are step-out holes and all intercepted silver mineralization demonstrate the northern extension of Paca oxide resource that is open to the north and to the northeast by at least 100 meters. The company plans to conduct further drilling to expand the Paca oxide resource in 2nd half of 2022.
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