Silver Elephant Mining Corp 6-K, filed Mar 18, 2021
Silver Elephant Mining Corp. (SILEF)
6-K
2021-03-18
For: 2021-03-17
View Original
Added on
April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on March 18, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
For the
month of March
2021
Commission
File Number 000-55985
|
SILVER ELEPHANT MINING CORP.
|
|
(Translation
of registrant’s name into English)
|
|
Suite 1610 – 409 Granville Street
Vancouver, British Columbia, Canada V6C 1T2
|
|
(Address
of principal executive offices)
|
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F
|
Form
20-F
|
☒
|
Form
40-F
|
☐
|
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1):
☐
|
|
Note: Regulation S-T Rule 101(b)(1) only permits
the submission in paper of a Form 6-K if submitted solely to
provide an attached annual report to security holders.
|
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule
101(b)(7): ☐
|
|
Note: Regulation S-T Rule 101(b)(7) only permits
the submission in paper of a Form 6-K if submitted to furnish
a report or other document that the registrant foreign private
issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or
legally organized (the registrant’s “home
country”), or under the rules of the home country exchange on
which the registrant’s securities are traded, as long as the
report or other document is not a press release, is not required to
be and has not been distributed to the registrant’s security
holders, and, if discussing a material event, has already been the
subject of a Form 6-K submission or other Commission filing on
EDGAR.
|
1
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
|
SILVER ELEPHANT MINING CORP.
|
|
Date: March 18,
2021
|
/s/
Brigitte McArthur
|
|
|
Brigitte McArthur
Corporate Secretary
|
||
2
INDEX TO EXHIBITS
|
|
News
release dated March 18, 2021
|
3
Exhibit 99.1
Silver Elephant’s Sunawayo Drills 3 Meters of
421g/t Silver, Multiple Intercepts over 100g/t AgEq
Vancouver, British Columbia, March 18, 2021 – Silver Elephant Mining
Corp. (“Silver Elephant” or “the Company”)
(TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces the
highest silver and zinc grade intercepts to date from its 2,300
meter Sunawayo maiden drill program.
SWD010
intercepted 3 meters of mineralization grading 421 g/t silver,
0.92% lead, and 0.90% zinc (469 g/t AgEq) within 10 meters grading
144 g/t silver, 0.43% lead, and 0.97% zinc (183 g/t AgEq). SWD009
intercepted 2 meters of mineralization grading 50 g/t silver, 0.40%
lead, and 7.67% zinc (290 g/t AgEq).
So far,
100% of drill holes at Sunawayo have encountered silver and
lead-zinc mineralization. Significant drill results from all 10 of
them are tabulated below (including SWD0001 and SWD0002 which were
press released on February 24, 2021).
|
Hole ID
|
Easting
|
Northing
|
From
|
To
|
Length (m)
|
Ag g/t
|
Pb %
|
Zn %
|
AgEq g/t
|
|
SWD001
|
789542
|
7999748
|
0.0
|
137.0
|
137.0
|
36
|
0.12
|
0.02
|
39
|
|
SWD002
|
789736
|
7999607
|
1.0
|
32.0
|
31.0
|
44
|
0.39
|
0.48
|
67
|
|
incl…
|
21.0
|
30.0
|
9.0
|
48
|
0.73
|
1.57
|
112
|
||
|
SWD003
|
789766
|
7999427
|
18.0
|
74.0
|
56.0
|
17
|
0.46
|
0.83
|
52
|
|
incl...
|
26.0
|
34.0
|
8.0
|
42
|
0.19
|
0.01
|
47
|
||
|
SWD004
|
791010
|
7997883
|
15.0
|
32.0
|
17.0
|
26
|
0.27
|
0.04
|
33
|
|
incl...
|
28.0
|
30.0
|
2.0
|
134
|
0.55
|
0.01
|
146
|
||
|
SWD005
|
791066
|
7998218
|
86.0
|
90.0
|
4.0
|
65
|
0.14
|
0.02
|
68
|
|
SWD006
|
791275
|
7997939
|
13.0
|
14.0
|
1.0
|
62
|
0.44
|
0.07
|
74
|
|
SWD006
|
19.0
|
21.0
|
2.0
|
29
|
0.21
|
0.04
|
35
|
||
|
SWD006
|
55.0
|
63.0
|
8.0
|
21
|
0.41
|
0.06
|
32
|
||
|
SWD006
|
95.0
|
97.0
|
2.0
|
30
|
0.05
|
0.03
|
32
|
||
|
SWD 07
|
791307
|
7998079
|
23.0
|
29.0
|
6.0
|
36
|
0.37
|
0.05
|
45
|
|
SWD 08
|
791449
|
7997690
|
30.0
|
33.0
|
3.0
|
21
|
0.34
|
0.05
|
30
|
|
SWD 08
|
86.0
|
88.0
|
2.0
|
26
|
0.17
|
0.05
|
31
|
||
|
SWD 09
|
791945
|
7997614
|
14.0
|
26.0
|
12.0
|
39
|
0.04
|
0.01
|
40
|
|
incl…
|
14.0
|
20.0
|
6.0
|
59
|
0.05
|
0.01
|
60
|
||
|
SWD 09
|
69.0
|
77.0
|
8.0
|
16
|
0.16
|
2.82
|
104
|
||
|
incl...
|
75.0
|
77.0
|
2.0
|
50
|
0.40
|
7.67
|
290
|
||
|
SWD 09
|
110.0
|
111.0
|
1.0
|
158
|
0.08
|
1.65
|
209
|
||
|
SWD-010
|
792000
|
7997365
|
32.7
|
34.0
|
1.4
|
1
|
0.09
|
1.19
|
39
|
|
SWD-010
|
68.0
|
78.0
|
10.0
|
144
|
0.43
|
0.97
|
183
|
||
|
incl...
|
69.0
|
72.0
|
3.0
|
421
|
0.92
|
0.90
|
469
|
Based
on core-angle measurements, true widths range from 80% to 85% of
reported core length. AgEq calculation uses a silver price of
$25.00/oz, a zinc price of $1.10/lb., and a lead price of $0.80/lb.
(all USD) and assumes a 100% metallurgical recovery. Silver
equivalent values can be calculated using the following formula:
AgEq = Ag g/t + (Zn % x 30.1644) + (Pb % x 21.9377). Coordinates in
UTM WGS83 Z19S.
Silver
Elephant’s initial 15-hole program started in December 2020.
It is designed to test the Pujiuni and Caballo Uma targets at the
southeastern half of Sunawayo.
Holes
SWD001 to SWD003 tested Pujiuni (500 meters x 250 meters). Holes
SWD004 to SWD010 tested Caballo Uma (southeast of Pujiuni), which
is over 8 times larger (2,000 meters x 500 meters) than
Pujiuni.
The
average drillhole spacing is 250 meters in each area. The remaining
5 holes spanning 400 meters north to south, are concentrated at
south end of Caballo Uma where over half of the prior 950 grab and
chip samples were taken.
The
Company also reports it has performed initial mapping and sampling
in the northwestern part of Sunawayo that includes Pujiuni,
Sunawayo, Jankho, and Kalayasa mine pit areas. As a result of the
mapping and sampling, the Pujiuni target strike has doubled to 1 km
and the drill program has increased to 17 holes to cover Pujiuni
area northwest of SWD001 with drill assay results expected in April
2021.
Joaquin
Merino, the Company’s VP South American Operations,
states:
“The
Sunawayo discovery story is early in its making with highly
encouraging drill results that demonstrated both long mineralized
sections and high-grade intercepts.“
Sunawayo
boasts a large land package—59.5 km2. It is one of Silver
Elephant 3 active silver projects, the others being the Pulacayo
project (with a NI43-101 compliant 107 million oz of measured and
indicated silver announced October 13, 2020) and the Triunfo
project (for which the Company announced in Nov. 2020 the first
drill results of 48.9 meters grading 0.42 g/t gold, 35.5 g/t
silver, 0.83%, and 1.17% zinc).
Detailed
maps of Sunawayo 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 duplicates 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. All 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 mining and exploration company
of energy metals.
Further information on Silver Elephant can be found at
www.silverelef.com.
SILVER ELEPHANT MINING CORP.
“John Lee”
Executive Chairman
For more information about Silver Elephant, please contact Investor
Relations:
+1.604.569.3661 ext. 101
ir@silverelef.com www.silverelef.com
Neither the Toronto Stock Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Toronto
Stock Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain
statements contained in this news release, including statements
which may contain words such as “expects”,
“anticipates”, “intends”,
“plans”, “believes”,
“estimates”, or similar expressions, and statements
related to matters which are not historical facts are
forward-looking information within the meaning of applicable
securities laws. Such forward-looking statements, which reflect
management’s expectations regarding Company’s future
growth, results of operations, performance, and business prospects
and opportunities, are based on certain factors and assumptions and
involve known and unknown risks and uncertainties which may cause
the actual results, performance, or achievements to be materially
different from future results, performance, or achievements
expressed or implied by such forward-looking
statements.
These
factors should be considered carefully, and readers should not
place undue reliance on the Company’s forward-looking
statements. The Company believes that the expectations reflected in
the forward-looking statements contained in this news release and
the documents incorporated by reference herein are reasonable, but
no assurance can be given that these expectations will prove to be
correct. In addition, although the Company has attempted to
identify important factors that could cause actual actions, events,
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events, or results not to be as anticipated, estimated, or
intended. The Company undertakes no obligation to publicly release
any future revisions to forward-looking statements to reflect
events or circumstances after the date of this news or to reflect
the occurrence of unanticipated events, except as expressly
required by law.