Silver Elephant Mining Corp 6-K, filed Nov 30, 2020
Silver Elephant Mining Corp. (SILEF)
6-K
2020-11-30
For: 2020-11-30
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Added on
April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on November 30, 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 November,
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: November 30,
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 November 30, 2020
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Exhibit
99.1
Silver Elephant Intercepts 66 Meters of Mineralization
Grading 75 g/t Silver Equivalent in New Discovery Zone at
Paca
Vancouver,
British Columbia, November 30, 2020 – Silver Elephant Mining
Corp. (“Silver Elephant” or “the Company”)
(TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces that further
to the news release dated October 14, 2020, it has received the
complete assay results from the Company’s diamond drill
program at the Paca silver-lead-zinc deposit (“Paca”)
in Bolivia.
Paca is a part of the Company’s 100% controlled Pulacayo
project, which also includes the Pulacayo deposit in the Potosi
department of Bolivia. All 5 drill holes intersected
mineralization, with the results shown in the following
table:
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Hole ID
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From
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To
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Length (m)
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Ag g/t
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Zn %
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Pb %
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AgEq*
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PND114
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1.5
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18.0
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16.5
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43
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0.11
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0.36
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55
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PND115
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3.0
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69.0
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66.0
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48
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0.10
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0.80
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75
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PND116
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7.0
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37.0
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30.0
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23
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0.15
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0.42
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41
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PND117
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51.0
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82.0
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31.0
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3
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0.45
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0.31
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31
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PND118
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18.0
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38.0
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20.0
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25
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0.09
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0.09
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29
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PND118
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67.0
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179.0
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112.0
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15
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0.50
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0.48
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50
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including…
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133.0
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143.0
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10.0
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61
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0.65
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0.37
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93
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(*) Silver equivalent
(“AgEq”) calculation is based on NI43-101 compliant
2020 resource report completed for the Paca deposit by Mercator
Geological Services (see Company’s press release dated
October 13th,
2020). Silver equivalent is calculated as follows: 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%)) and assumed metallurgical
recoveries. Metal prices of US$17/oz Ag, US$0.95/lb Pb, and
US$1.16/lb Zn apply.
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 77% to 86%
of the reported core length.
PND 114, 115, 118 drilled tested oblique structures parallel to the
main east-west trend and discovered new mineralized
zones.
PND 114 intersected 16.5 meters of mineralization grading 55g/t
silver equivalent that is to the north of the Paca north
zone.
PND 115 intercepted 66 meters of mineralization grading 75g/t
silver equivalent between Paca main zone and Paca north zone, which
are 250 meters apart.
PND 118 was drilled at the eastern edge of the Paca main zone and
intersected 112 meters of mineralization grading 50 g/t silver
equivalent.
The Company is
integrating the drill results to the recently completed
geomodelling. Commencement of
next round of Paca drilling is tentatively scheduled for the first
half of 2021.
Danniel Oosterman, Company’s VP of Exploration, states:
“We are pleased to see Paca mineralization open to the north
and to the east. The Company is well capitalized with $9 million in
treasury, and our teams are now in the field preparing for an
extensive drill season in 2021 at the Pulacayo, Sunawayo, and El
Triunfo projects. Our goal is to significantly expand Silver
Elephant’s resource base, which currently stands at 106.7
million oz indicated silver and 13.1 million oz inferred
silver*”
*Pulacayo project resource by Mercator Geological Partners,
effective October 13, 2020 with details provided in Company’s
news release dated October 13, 2020.
Paca maps are posted
at
http://www.silverelef.com.
Qualified Persons
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 silver mining company. The
Company's goal is to enable shareholders to own as much silver in
the ground as possible.
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 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.