Silver Elephant Mining Corp 6-K, filed May 17, 2021
Silver Elephant Mining Corp. (SILEF)
6-K
2021-05-17
For: 2021-05-17
View Original
Added on
April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on May 17, 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 May
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:
May 17, 2021
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/s/ Brigitte McArthur
Brigitte McArthur
Corporate Secretary
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INDEX TO EXHIBITS
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News
release dated May 17, 2021
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Exhibit 99.1
Silver Elephant Plans to Announce Minago Nickel Project Mineral
Resource Estimate in June For Nickel Spinout
Vancouver, British Columbia, May 17, 2021 – Silver Elephant
Mining Corp. (“Silver Elephant” or “the
Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N)
announces that the Company and its wholly owned Canadian subsidiary
Flying Nickel Mining Corp. (“Flying Nickel”) have
commissioned an independent Mineral Resource Estimate
(“MRE”) in accordance with National Instrument 43-101
Standards of Disclosure for Mineral Projects ("NI 43-101") for the
Minago nickel project (“Minago”) located in Manitoba,
Canada.
The MRE
will be prepared in collaboration between Mercator Geological
Services Limited (“Mercator”), AGP Mining Consultants
(“AGP”) and Stantec and is expected to be completed in
June, 2021 to support the proposed Flying Nickel
spin-out.
The
Silver Elephant acquired Minago in February 2021 (refer to news
release dated February 9th,
2021).
About the Minago Project
Minago
spans over 197 km2. and is located in the Thompson Nickel Belt (TNB) in
Manitoba, which is the fifth-largest nickel-bearing geological belt
in the world. There has been over 5 billion pounds of nickel
production at TNB since 1958. Manitoba Provincial Highway 6 and a
high-voltage (230 kV) transmission line both transect the Minago
project. Vale currently mines and produces nickel concentrates in
Thompson at the heart of the TNB, 270 km northeast of the project.
Their nickel concentrates are shipped by rail to its Sudbury
smelter for further processing.
To date, past investments of over $35 million has been invested at
Minago with over 74,000 meters of historic exploration drilling,
with drill result highlights as follows:
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Hole
No
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From
(m)
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To
(m)
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Int
(m)
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Ni%
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V-10-11
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161.5
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353.2
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191.7
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0.51
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V-10-16
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176.0
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320.3
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144.3
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0.85
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V-08-06
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537.7
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676.7
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139.0
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0.73
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V-08-06
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132.2
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265.3
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133.1
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0.62
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V-10-15
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109.5
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228.0
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118.5
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0.82
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V-08-04B
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361.7
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471.0
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109.2
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0.76
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N-05-01
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143.7
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251.0
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107.3
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0.80
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MXB-71-94
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177.4
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282.2
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104.9
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0.73
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V-10-26
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269.2
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358.8
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89.5
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0.86
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NM-06-02
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293.3
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364.2
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70.9
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1.21
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Hole
No
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From
(m)
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To
(m)
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Int
(m)
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Ni%
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N-05-01
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325.3
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391.2
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65.9
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1.08
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V-10-18
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351.0
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409.1
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58.1
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1.67
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B-12A-89
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322.2
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372.5
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50.3
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1.23
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V-08-01
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452.2
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490.6
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38.4
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1.51
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Reported widths are core-interval widths and not true widths. True
widths have not determined. Drilling was conducted by previous
operators from 2010 and earlier. Minago is considered as a
non-material asset to the Company.
In 2011, an Environmental Impact Statement (EIS) submitted by the
previous operator was approved by the Manitoba government for a
10,000-tonnes-per-day open-pit operation at Minago. The Company is
studying which of these permits are still in good standing and is
undertaking to update the EIS as necessary in 2021.
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.
About Silver Elephant
Silver Elephant Mining Corp. is a premier silver mining and
exploration company.
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.