Silver Elephant Mining Corp 6-K, filed Nov 25, 2020
Silver Elephant Mining Corp. (SILEF)
6-K
2020-11-25
For: 2020-11-25
View Original
Added on
April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on November 25, 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
|
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.
|
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: November 25,
2020
|
By:
|
/s/ Brigitte
McArthur
|
|
|
|
|
Brigitte
McArthur
|
|
|
|
|
Corporate
Secretary
|
|
INDEX TO EXHIBITS
|
News
Release dated November 25, 2020
|
Exhibit 99.1
Silver Elephant: First El Triunfo Drill Hole Intercepts 48.9
Meter
Mineralization Grading 1.45 g/t Gold Equivalent (0.42 g/t
Gold,
35.5 g/t Silver, 1.17% Zinc, and 0.83% Lead)
within 98.9 Meters Grading 1.04 g/t AuEq
Vancouver, British Columbia, November 25, 2020 – Silver
Elephant Mining Corp. (“Silver Elephant” or “the
Company”) (TSX:ELEF, OTCQX:SILEF,
Frankfurt:1P2N) announces that
further to the news release dated August 19, 2020, it has received
the complete assay results from the Company’s first diamond
drill program at its 100%-controlled El Triunfo Au-Ag-Zn-Pb project
in Bolivia.
Borehole TR007 intercepted 48.9 meters of mineralization grading
0.42 g/t gold, 35.5 g/t silver, 1.17% zinc, and 0.83% lead (1.45
g/t AuEq) within 98.9 meters of mineralization grading 1.04 g/t
AgEq starting 13.0 meters downhole.
Notable highlights include
|
Hole ID
|
From
|
To
|
Length (m)
|
Au (g/t)
|
Ag (g/t)
|
Zn %
|
Pb %
|
AuEq* (g/t)
|
|
TR006
|
40.0
|
76.0
|
36.0
|
0.49
|
15.46
|
0.54
|
0.44
|
0.97
|
|
including…
|
58.0
|
72.0
|
14.0
|
0.48
|
20.23
|
0.76
|
0.66
|
1.16
|
|
TR007
|
13.0
|
111.9
|
98.9
|
0.37
|
22.71
|
0.74
|
0.58
|
1.04
|
|
including…
|
63.0
|
111.9
|
48.9
|
0.42
|
35.49
|
1.17
|
0.83
|
1.45
|
|
TR008
|
6.8
|
84.0
|
77.3
|
0.31
|
17.65
|
0.57
|
0.53
|
0.85
|
|
including…
|
45.0
|
51.4
|
6.4
|
1.60
|
56.49
|
1.66
|
0.94
|
3.05
|
(*) 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).
Danniel Oosterman, Company’s VP of Exploration, states:
“Silver Elephant’s maiden drill program at El Triunfo
successfully demonstrates broad continuity of east-west
mineralization spanning a minimum 225 meters in strike. It is open
beyond 100 meters depth in both east and west directions. We are
also very pleased with the intercepted grades of around 1g/t gold
equivalent in the context of today’s gold price of $1,850 an
oz. In short, we are off to a great start delineating near-surface,
potential bulk tonnage resources at El Triunfo.”
Mineralization is hosted in altered black shales exhibiting
hydrothermal sheeted quartz-carbonate vein sets that are
concentrated along the axes of regional anticlinal fold
structures.
Assay results are detailed in the table below:
|
Hole ID
|
From
|
To
|
Length (m)
|
Au (g/t)
|
Ag (g/t)
|
Zn %
|
Pb %
|
AuEq* (g/t)
|
|
TR004
|
14.0
|
15.0
|
1.0
|
0.24
|
18.85
|
0.21
|
0.65
|
0.70
|
|
17.0
|
18.0
|
1.0
|
0.74
|
2.21
|
0.03
|
0.04
|
0.78
|
|
|
71.0
|
74.0
|
3.0
|
1.11
|
5.01
|
0.00
|
0.00
|
1.16
|
|
Hole ID
|
From
|
To
|
Length (m)
|
Au (g/t)
|
Ag (g/t)
|
Zn %
|
Pb %
|
AuEq* (g/t)
|
|
TR005
|
61.0
|
62.0
|
1.0
|
0.59
|
8.00
|
0.00
|
0.01
|
0.67
|
|
122.0
|
124.0
|
2.0
|
0.50
|
2.29
|
0.01
|
0.02
|
0.53
|
|
|
TR006
|
5.0
|
6.0
|
1.0
|
0.73
|
3.19
|
0.10
|
0.13
|
0.84
|
|
20.0
|
21.0
|
1.0
|
0.15
|
11.10
|
0.35
|
0.29
|
0.48
|
|
|
40.0
|
76.0
|
36.0
|
0.49
|
15.46
|
0.54
|
0.44
|
0.97
|
|
|
including…
|
58.0
|
72.0
|
14.0
|
0.48
|
20.23
|
0.76
|
0.66
|
1.16
|
|
TR006
|
94.5
|
101.5
|
7.0
|
0.56
|
23.21
|
0.82
|
0.56
|
1.26
|
|
106.5
|
107.4
|
0.8
|
0.32
|
12.70
|
0.25
|
0.01
|
0.54
|
|
|
120.0
|
121.0
|
1.0
|
0.07
|
15.90
|
0.50
|
0.67
|
0.62
|
|
|
142.8
|
143.3
|
0.5
|
0.60
|
0.43
|
0.00
|
0.00
|
0.61
|
|
|
190.0
|
191.3
|
1.3
|
0.72
|
89.58
|
2.07
|
0.16
|
2.42
|
|
|
TR007
|
13.0
|
111.9
|
98.9
|
0.37
|
22.71
|
0.74
|
0.58
|
1.04
|
|
including…
|
63.0
|
111.9
|
48.9
|
0.42
|
35.49
|
1.17
|
0.83
|
1.45
|
|
TR007
|
118.5
|
119.5
|
1.0
|
0.03
|
4.55
|
0.17
|
0.53
|
0.30
|
|
121.5
|
122.5
|
1.0
|
0.30
|
3.69
|
0.07
|
0.46
|
0.50
|
|
|
125.5
|
126.3
|
0.8
|
0.56
|
3.18
|
0.09
|
0.03
|
0.63
|
|
|
179.0
|
181.0
|
2.0
|
1.05
|
1.38
|
0.01
|
0.01
|
1.07
|
|
|
185.6
|
186.2
|
0.6
|
0.44
|
5.69
|
0.02
|
0.01
|
0.51
|
|
|
196.0
|
197.0
|
1.0
|
0.74
|
1.46
|
0.00
|
0.00
|
0.76
|
|
|
TR008
|
6.8
|
84.0
|
77.3
|
0.31
|
17.65
|
0.57
|
0.53
|
0.85
|
|
including…
|
45.0
|
51.4
|
6.4
|
1.60
|
56.49
|
1.66
|
0.94
|
3.05
|
|
TR008
|
138.1
|
139.1
|
1.0
|
0.71
|
0.90
|
0.01
|
0.00
|
0.72
|
|
149.0
|
151.0
|
2.0
|
0.10
|
22.73
|
0.78
|
0.03
|
0.61
|
|
|
156.0
|
157.0
|
1.0
|
0.74
|
1.33
|
0.02
|
0.01
|
0.76
|
|
|
183.0
|
183.6
|
0.6
|
1.65
|
2.62
|
0.02
|
0.01
|
1.69
|
|
|
231.6
|
232.6
|
1.0
|
0.41
|
4.50
|
0.00
|
0.00
|
0.46
|
|
|
247.5
|
250.0
|
2.5
|
1.64
|
35.99
|
0.00
|
0.00
|
2.01
|
|
|
257.0
|
258.0
|
1.0
|
0.78
|
2.15
|
0.00
|
0.00
|
0.80
|
*See Notes on gold equivalent (AuEq) calculations and metals prices
above.
Reported widths in all tables 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 54% to 65% of reported core length.
As the next step, the Company will integrate those results with
planned district geological
mapping and geophysics such as induced polarization (IP).
Commencement of next round of El
Triunfo drilling is tentatively scheduled for first half of
2021.
El Triunfo 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 Thompson-Howarth plots. 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 an aqua regia digestion with super trace
ICP-MS analysis. Gold is analyzed with optimized fire assay and
atomic absorption spectroscopy. 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.
All samples are taken from HQ-diameter core and 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. Prior to sampling,
all core is geotechnically analyzed and photographed and then
logged by geologists.
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.
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.