Silver Elephant Mining Corp 6-K, filed Jan 27, 2021
Silver Elephant Mining Corp. (SILEF)
6-K
2021-01-27
For: 2021-01-27
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Added on
April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on January 27, 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 January
2021
Commission
File Number 000-55985
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SILVER ELEPHANT MINING 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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SILVER
ELEPHANT MINING CORP.
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Date: January 27,
2021
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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 27, 2021
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-3-
Exhibit 99.1
Silver Elephant New Discovery:
Drill Intercept 4.0 meters grading 393 g/t silver, 3.79%
lead,
0.88% zinc (518 g/t AgEq) at Pero target within Pulacayo
Project
Vancouver, British Columbia, January 27, 2021 – Silver
Elephant Mining Corp. (“Silver Elephant” or “the
Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) is
pleased to announce the initial drill results from the Pero
discovery within its Pulacayo silver lead zinc project in
Bolivia.
Pero
covers approximately 250 x 150 meters and is located to the
southeast of the Pulacayo deposit that contains a NI43-101
compliant resource of 70.2Moz Ag, 904Mlbs Zn, and 386Mlbs Pb in the
indicated resource category (see Company’s press release on
October 13, 2020).
A
summary of results is tabulated below:
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BHID
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From (m)
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To (m)
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Length (m)
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Ag (g/t)
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Pb %
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Zn %
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AgEq* (g/t)
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PUD285
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30.6
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44.6
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14.0
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43
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0.19
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0.02
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46
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PUD
285
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143.0
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191.0
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48.0
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10
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0.11
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0.17
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23
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PUD
286
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99.0
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124.0
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25.0
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18
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0.33
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0.09
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32
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PUD
286
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148.0
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152.0
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4.0
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393
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3.79
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0.88
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518
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PUD
286
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174.0
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183.0
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9.0
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20
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0.13
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0.05
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25
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PUD
287
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56.0
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78.0
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22.0
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43
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0.23
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0.02
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48
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PUD
287
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127.0
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139.0
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12.0
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15
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0.01
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0.01
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15
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*Ag Eq.
= Silver Equivalent (Recovered) = (Ag g/t*89.2%)+((Pb%*(US$0.95/lb.
Pb/14.583 Troy oz./lb./US$17 per Troy oz.
Ag)*(10,000*91.9%))+((Zn%*(US$1.16/lb. Zn/14.583 Troy oz./lb./US$17
per Troy oz. Ag)*(10,000*82.9%)). Sulphide zone metal recoveries of
89.2% for Ag, 91.9% for Pb, and 82.9% for Zn were used in the
Silver Equivalent (Recovered) equation and reflect metallurgical
testing results disclosed previously for the Pulacayo Deposit.
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 range from 75% to 85%
of the reported core length.
These
promising results indicate that a structural displacement of the
main east-west Tajo vein system (featured at the Pulacayo deposit)
has occurred at the east extension, whereby the mineralization
appears to have been truncated and shifted by as much as 100 meters
to the south.
PUD285
was collared approximately 100 meters southeast of the Pulacayo
mineral resource estimate envelope (Pulacayo MRE). The hole was
drilled from north to south and encountered both 14 meters of
shallow mineralization within 30 meters of surface, and 48 meters
of broad mineralization to the end-of-hole. Mineralization remains
open at depth and represents a previously undiscovered
silver-bearing zone in the geological model. Interestingly
anomalous copper and gold were also found in the PUD285 results
coinciding with the new zone.
PUD286,
was collared on the southern edge of Pulacayo MRE and drilled
further southward. PUD 286 encountered a
previously unknown high-grade mineralized zone from 148 meters to
152 meters, which is least 50 meters south of Pulacayo MRE.
Previous drillings in this area were from the south (of Pulacayo
MRE) to the north to intercept projected Tajo vein at
depth.
PUD287
was drilled in between PUD285 and PUD 286 which are 470 meters
apart.
The
Pulacayo technical team is greatly encouraged by both PUD285 and
PUD286. PUD285 features a newfound and broadest mineralized zone
east of Pulacayo MRE and is open in all directions. The PUD286 high
grade intercept from 148m to 152m may be part of the Tajo vein
system albeit shifted southward by faulting. The appearance of
PUD286 high-grade drilled core closely resembles that of other high
grade Pulacayo drilled core (e.g. PUD118 which intercepted 10
meters of 1,248g/t Ag between 174m to 184m and is 500 meters
northwest of PUD286).
The
Tajo vein system generally exhibits the highest grades from 300-400
meters downhole based on results from 73,622 meters of drilling,
the team is optimistic the best of Pero is yet to be seen at
depth.
The
Company still awaits the assay results of the final drill hole
(PUD288) which concludes the 4-hole, 945-meter drill program at
Pero. Results from PUD 288 is expected by late February along with
the initial drill assay results from the Company’s Sunawayo
project where the start of drilling was announced on January 21,
2021.
The
Company plans to begin a geophysical survey over Pero in Q1 2021 to
define potential anomalies in-and-around these newly discovered
mineralized zones to help formulate the next set of drill targets
on the project.
Pero
maps 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 for analysis to ALS Global laboratories in Lima, Peru.
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 were 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.
ON
BEHALF OF THE BOARD
“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.