Silver Elephant Mining Corp 6-K, filed Aug 19, 2020
Silver Elephant Mining Corp. (SILEF)
6-K
2020-08-19
For: 2020-08-19
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Added on
April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on August 19, 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 August,
2020
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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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:
August 19, 2020
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/s/ Brigitte
McArthur
Brigitte McArthur
Corporate Secretary
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- 2 -
INDEX TO EXHIBITS
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News
Release dated August 19, 2020
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- 3 -
Exhibit
99.1
Silver Elephant: 37 Triunfo Samples Assayed Up to 8.3 g/t
AuEq,
1,000 Meter Drilling Commences Today
Vancouver,
British Columbia, August 19, 2020 – Silver Elephant Mining
Corp. (“Silver Elephant” or “the
Company”) (TSX: ELEF, OTCQX:SILEF,
Frankfurt:1P2N) announces that it has
received its first chip sampling results on its recently acquired
polymetallic (gold, silver, zinc & lead) El Triunfo Project in
Bolivia.
A total of 103 chip samples were collected from outcrops at surface
and from underground adits and tunnels accessing the main east-west
mineralized trend. The width of the samples varies from 1.0 to
5.3m, exhibiting an average width of 2.5m.
These results confirm that the El Triunfo project exhibits
near-surface Au-Ag-Pb-Zn mineralization where gold and silver
account for a majority of the value.
Sampling was conducted
on two priority areas, known as Block A and Block B. These 2
contiguous blocks, located at the western portion of the property,
span a total strike length of 750m at various widths from 20 to 100
m. Artisanal mining has been developed along predominantly
east-west mineralized trends in the area (please refer to
Company’s news release dated July 13th,
2020).
The sampling returned significant results from both Blocks. Table 1
shows the assay results, equal to and over 1.0 g/t Au Equivalent
which represent over 36% of the samples (37 / 103).
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ID
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BLOCK
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SAMP_TYPE
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WIDTH
(m)
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Au
(g/t)
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Ag
(g/t)
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Pb
(%)
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Zn
(%)
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Au
Equiv
(g/t)
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Ag
Equiv
(g/t)
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46506
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A
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chip
channel
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3.90
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2.22
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113.00
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3.46
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0.12
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8.30
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813.94
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46505
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A
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chip
channel
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2.00
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3.70
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29.30
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1.34
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0.06
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8.22
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805.86
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46504
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A
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chip
channel
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2.10
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0.89
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68.70
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2.52
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1.82
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5.58
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547.21
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46503
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A
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chip
channel
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2.20
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1.27
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64.00
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1.93
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0.13
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4.74
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465.03
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46502
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A
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chip
channel
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3.80
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0.62
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55.20
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2.34
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1.08
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4.23
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414.86
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46501
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A
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chip
channel
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2.30
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0.21
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75.10
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2.61
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1.29
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4.14
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406.07
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46299
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A
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chip
channel
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2.80
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1.86
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24.60
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0.00
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0.02
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3.93
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385.39
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46298
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A
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chip
channel
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2.30
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0.59
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35.40
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1.42
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1.76
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3.73
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365.50
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46297
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A
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chip
channel
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2.00
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1.56
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39.50
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0.00
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0.01
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3.65
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357.77
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46296
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A
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chip
channel
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2.40
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0.69
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95.80
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0.00
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0.01
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3.10
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303.82
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46295
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A
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chip
channel
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2.10
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1.55
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5.50
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0.00
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0.00
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2.98
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292.64
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46294
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A
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chip
channel
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3.00
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0.19
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45.70
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2.88
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0.14
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2.94
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288.56
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46293
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A
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chip
channel
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1.30
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1.29
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15.10
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0.34
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0.03
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2.89
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283.91
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46292
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A
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chip
channel
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2.60
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0.70
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75.40
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0.00
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0.04
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2.75
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269.70
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46291
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A
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chip
channel
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2.00
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0.29
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42.00
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1.88
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0.45
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2.70
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264.59
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46290
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A
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chip
channel
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2.00
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0.33
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46.60
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1.76
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0.10
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2.56
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250.73
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46289
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A
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chip
channel
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1.00
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0.82
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30.80
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0.54
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0.02
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2.42
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237.84
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46288
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A
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chip
channel
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1.70
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0.04
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20.00
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0.53
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2.23
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2.22
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217.89
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46287
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A
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chip
channel
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1.00
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0.70
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30.00
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0.35
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0.11
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2.14
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209.93
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46286
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A
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chip
channel
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3.40
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1.00
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14.20
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0.00
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0.00
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2.13
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208.64
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46285
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A
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chip
channel
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3.00
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1.08
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5.40
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0.00
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0.00
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2.11
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206.82
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46284
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A
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chip
channel
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2.00
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0.43
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25.20
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1.02
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0.37
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2.10
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205.63
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46283
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A
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chip
channel
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2.20
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0.92
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5.90
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0.00
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0.00
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1.82
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178.46
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46282
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A
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chip
channel
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1.30
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0.94
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1.90
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0.00
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0.00
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1.78
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174.77
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46281
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A
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chip
channel
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1.50
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0.49
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42.10
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0.00
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0.01
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1.71
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167.73
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46279
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A
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chip
channel
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2.40
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0.76
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13.70
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0.00
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0.00
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1.67
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164.16
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46278
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B
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chip
channel
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2.00
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0.33
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17.00
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0.59
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0.41
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1.54
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151.10
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46277
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B
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chip
channel
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2.10
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0.55
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26.40
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0.00
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0.00
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1.52
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149.28
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46276
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B
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chip
channel
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2.00
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0.29
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15.50
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0.54
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0.23
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1.29
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126.13
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46275
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B
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chip
channel
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2.00
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0.47
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6.20
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0.25
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0.23
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1.28
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125.73
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46274
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B
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chip
channel
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4.00
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0.63
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1.50
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0.00
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0.00
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1.20
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117.52
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46273
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B
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chip
channel
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2.30
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0.59
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3.70
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0.00
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0.00
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1.17
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114.48
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46272
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B
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chip
channel
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2.90
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0.55
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4.10
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0.00
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0.01
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1.11
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108.53
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46271
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B
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chip
channel
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2.00
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0.23
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10.70
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0.30
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0.36
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1.04
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101.91
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46270
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B
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chip
channel
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2.40
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0.43
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9.00
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0.02
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0.02
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0.99
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96.87
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46269
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B
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chip
channel
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2.50
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0.05
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22.70
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0.25
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0.46
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0.97
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94.82
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Denser sets of veins
and veinlets hosted by shales and quartzites appear to correlate
with higher grades. The strike lengths of these mineralized trends
have been recognized as continuing along several hundreds of meters
at surface.
The Company’s initial drill program, which started this
Wednesday and is fully funded by recent warrant exercises, entails
4 holes total 1,000 meters that may be expanded.
The drilling will step out to the east and west of historic drill
hole TR001 on Block B. TR001 had returned assay results of 94.2
meters grading 0.39 g/t Au, 21.8 g/t Ag 0.65%Pb, 0.39% Zn , and
(0.95 gpt AuEq*), according to Solitario Resources SEC 10K filings
in 2008.
District geological mapping and geophysics is also planned, as the
host and accessory mineral properties associated with the
mineralization at El Triunfo can be detected by geophysical imaging
methods such as induced polarization (IP).
Maps of the sample
locations are posted at
http://www.silverelef.com.
(*) Gold equivalent calculation uses a gold price of $1,795, a zinc
price of $0.93, a lead price of $0.80, and a silver price of $18.30
(all USD), and assumes a 100% metallurgical recovery. Gold
equivalent values can be calculated using the following formula:
AuEq = Au g/t + (Ag g/t x 0.0102) + (Zn % x 0.3551) + (Pb % x
0.3055).
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. Rock chip samples average between
5-7 kg. Samples are shipped to ALS Global Laboratories in Ururo,
Bolivia for preparation and 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. The ALS Laboratories sample management system meets all the
requirements of 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. A
geochemical standard control samples are inserted into the sample
stream. The laboratory also includes duplicates of samples,
standards and blanks for additional QA/QC. Check assays are
reviewed prior to the release of data. Assays are also reviewed for
their geological context and checked against field
descriptions.
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 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 Silver Elephant’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 Silver Elephant’s forward-looking
statements. Silver Elephant 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 Silver Elephant 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. Silver Elephant 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.