Silver Elephant Mining Corp (TSX: ELEF) (OTCQX: SILEF) // Company Overview
181Silver Elephant Mining Corp (TSX: ELEF) (OTCQX: SILEF) // Company Overview - RICH TV LIVE - AUGUST 13, 2020 - Silver Elephant Intercepts 1,565 g/t Silver 8.25% Pb, 3.85% Zn (1,825 g/t AgEq) Over 5 meters with PUD 283, while PUD 284 Intercepts 66.7 meters grading 182 g/t AgEq
Silver Elephant Mining Corp. ("Silver Elephant" or the "Company") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) is pleased to announce diamond infill drilling results from its 100%-controlled Pulacayo silver project in the Potosi department of Bolivia.
Reported widths are intercepted core lengths and not true widths, as relationships with intercepted structures and contacts vary. Based on core-angle measurements, true widths are estimated at approximately 72% of reported core lengths for PUD283 and 57% of the reported core lengths for PUD284.
Silver equivalent is calculated using the formula adopted in its 2017, NI43-101 compliant Mineral Resource Estimate (see Company's press release dated November 22nd, 2017) as follows: AgEq. (g/t) = Ag (g/t)*89.2% + (Pb% *(US$0.94/ lb. Pb /14.583 Troy oz/lb./US$16.50 per Troy oz. Ag)*10,000*91.9%) + (Zn% *(US$1.00/lb. Zn/14.583 Troy oz/lb./US$16.50 per Troy oz. Ag)*10,000*82.9). This calculation incorporates metallurgical recoveries from test work completed for Pulacayo in 2013.
These results demonstrate broad continuity of mineralization and grade starting from near-surface and is consistent with historic Hochschild mining records which indicate high grade mineralization with increasing depth to more than 1,000 meters from surface.
Results of these two holes will be incorporated into the Mineral Resource Estimate scheduled to be released in September 2020, as defined under National Instrument 43-101 (NI43-101) for the Pulacayo-Paca Project by Mercator Geological Services Limited.
The completion of these 2 holes marks the conclusion of the first phase of 2020 drilling. Per the Company's news release dated March 9, 2020 Silver Elephant continues its district exploration at Pulacayo project with intermittent access due to COVID-19. The Company will announce any material update, including commencement of new round of Pulacayo-Paca drilling scheduled by year end, in due course.
Quality Assurance and Quality Control
All samples are taken from HQ-diameter core and 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. Prior to sampling, all core is geotechnically analyzed and photographed and then logged by geologists.
About Silver Elephant
Silver Elephant is developing its premier Pulacayo silver project and Triunfo gold-silver project in Bolivia. Further information on Silver Elephant can be found at www.silverelef.com.
#silver #elephant #mining
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