Silver Elephant Mining Corp 6-K, filed Jan 8, 2020
Silver Elephant Mining Corp. (SILEF)
6-K
2020-01-08
For: 2020-01-08
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July 04, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on January 8, 2020.
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 January
2020
Commission
File Number 000-55985
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PROPHECY DEVELOPMENT CORP.
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(Translation
of registrant’s name into English)
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Suite 1610 – 409 Granville Street
Vancouver, British Columbia, Canada V6C 1T2
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(Address
of principal executive offices)
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Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F
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Form
20-F
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☒
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Form
40-F
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☐
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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):
☐
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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.
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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): ☐
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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.
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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.
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PROPHECY DEVELOPMENT CORP. |
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Date:
January
8, 2020
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By:
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/s/ Brigitte McArthur
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Brigitte
McArthur
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Corporate Secretary
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INDEX TO EXHIBITS
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News
release dated January 8, 2020
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Exhibit 99.1
Prophecy Adds Second Drilling Rig to Pulacayo Silver Project in
Bolivia
Vancouver, British Columbia, January 8, 2020 – Prophecy
Development Corp. (“Prophecy” or the
“Company”) (TSX:PCY, OTCQX:PRPCF,
Frankfurt:1P2N) is pleased
to provide the following update on its 100% owned Pulacayo silver
project located in Bolivia.
Further
to its news release dated December 18th, 2019, Prophecy
reports it has completed the first 3 holes of the planned 17 drill
holes at the Pulacayo project. These step-out drill holes are
located 25-, 50- and 115 meters west of the existing Pulacayo
resource model. The first assay results are expected in late
January.
Prophecy
has also mobilized a second drilling rig to Pulacayo and expects to
complete the proposed 5,000 meter drill program in February with
full assay results available by March 2020. The remainder step out
drill holes are collared up to 2km west from the existing resource
model.
Joaquin Merino, VP South American Operations, commented,
“Pulacayo is a very large mineralized system, and with this
program we will test the boundaries of mineralization near the
surface. Based on a review of the current and past artisanal mining conducted on
the surface, there is strong evidence that the Tajo Vein (where
underground mining took place from early 1800 to 1952) projects to
surface along its 3km strike”
The
Pulacayo deposit currently has a NI43-101 compliant resource of
2.08 million tonnes at Ag 455 g/t, Pb 2.18%, Zn 3.19% in the
indicated category. It also has 0.48 million tonnes at Ag 406 g/t,
Pb 2.08%, Zn 3.93% in the inferred category. The Company estimates
that the amounts of metals of the indicated category are 30.4
million ounces of silver, 100.0 million pounds of lead, and 146.3
million pounds of zinc. The Company estimates that the amounts of
metals of the inferred category are 6.3 million ounces of silver,
22.0 million pounds of lead, and 41.6 million pounds of zinc (see
Company report “UPDATED MINERAL RESOURCE ESTIMATE TECHNICAL
REPORT for the PULACAYO PROJECT,” by Mercator effective
October 20, 2017; available at SEDAR.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 in
the NI 43-101 guidelines.
About Prophecy
Prophecy
is developing its premier Pulacayo silver project in Bolivia.
Further information on Prophecy can be found at
www.prophecydev.com.
PROPHECY DEVELOPMENT CORP.
ON
BEHALF OF THE BOARD
“Michael Doolin”
Chief
Executive Officer
For
more information about Prophecy, please contact Investor
Relations:
+1.604.569.3661
ext. 101
ir@prophecydev.com www.prophecydev.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 Prophecy’s future
growth, results of operations, performance, 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 Prophecy’s forward-looking
statements. Prophecy 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 Prophecy 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.
Prophecy undertakes no obligation to release publicly 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.