Silver Elephant Mining Corp 6-K, filed Aug 11, 2020
Silver Elephant Mining Corp. (SILEF)
6-K
2020-08-11
For: 2020-08-10
View Original
Added on
April 06, 2026
About this 6-K
Silver Elephant Mining Corp filed this 6-K on August 11, 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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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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/s/ Brigitte
McArthur
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Date:
August 11, 2020
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Brigitte McArthur
Corporate Secretary
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2
INDEX TO EXHIBITS
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News
Release dated August 11, 2020
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3
Exhibit 99.1
Silver Elephant Intercepts 1,565 g/t Silver 8.25% Pb,
3.85% Zn (1,825 g/t AgEq) Over 5 meters with PUD 283,
while PUD 284 Intercepts 66.7 meters grading 182 g/t
AgEq
Vancouver, British Columbia, Aug 11, 2020
– Silver Elephant Mining Corp. (“Silver Elephant”
or the “Company”) (TSX:ELEF, OTCQX:SILEF,
Frankfurt:1P2N) is pleased to announce diamond infill
drilling results from its 100%-controlled Pulacayo silver project
in the Potosi department of Bolivia. Notable highlights
include:
PUD
283
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Hole ID
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From
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To
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Length
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Ag (g/t)
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Pb%
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Zn%
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AgEq
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PUD283
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248.0
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350.0
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102.0
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145
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1.05
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2.56
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255
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including…
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310.0
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322.0
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12.0
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784
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4.11
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3.79
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977
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and…
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317.0
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322.0
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5.0
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1565
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8.25
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3.85
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1825
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PUD
284
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Hole ID
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From
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To
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Length
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Ag (g/t)
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Pb%
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Zn%
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AgEq
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PUD284
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55.0
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65.0
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10.0
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113
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1.93
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2.11
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243
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PUD284
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206.3
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273.0
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66.7
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112
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0.46
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1.94
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182
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including...
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240.0
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273.0
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32.0
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178
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0.50
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1.73
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241
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and…
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256.0
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273.0
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17.0
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274
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0.33
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1.13
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295
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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 are estimated at approximately 72% of
reported core lengths for PUD283 and 57% of the reported core
lengths for PUD284.
Silver
equivalent is calculated using the formula adopted in its 2017,
NI43-101 compliant Mineral Resource Estimate (see Company’s
press release dated November 22nd, 2017) as follows: AgEq. (g/t) =
Ag (g/t)*89.2% + (Pb% *(US$0.94/ lb. Pb /14.583 Troy
oz/lb./US$16.50 per Troy oz. Ag)*10,000*91.9%) + (Zn% *(US$1.00/lb.
Zn/14.583 Troy oz/lb./US$16.50 per Troy oz. Ag)*10,000*82.9). This
calculation incorporates metallurgical recoveries from test work
completed for Pulacayo in 2013.
These
results demonstrate broad continuity of mineralization and grade
starting from near-surface and is consistent with historic
Hochschild mining records which indicate high grade mineralization
with increasing depth to more than 1,000 meters from surface.
Detailed Assay results are detailed in the table
below:
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Hole ID
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From
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To
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Length
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Ag (g/t)
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Pb%
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Zn%
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AgEq
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PUD283
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248.0
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350.0
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102.0
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145
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1.05
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2.56
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255
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248.0
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282.0
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34.0
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9
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0.22
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1.05
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52
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282.0
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297.0
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15.0
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35
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0.40
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2.99
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148
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297.0
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310.0
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13.0
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157
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1.47
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5.15
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370
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310.0
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317.0
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7.0
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225
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1.15
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3.74
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371
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317.0
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322.0
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5.0
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1565
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8.25
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3.85
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1825
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322.0
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329.0
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7.0
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134
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1.18
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1.73
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222
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329.0
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350.0
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21.0
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76
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0.82
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2.65
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188
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Hole ID
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From
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To
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Length
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Ag (g/t)
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Pb%
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Zn%
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AgEq
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PUD284
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30.5
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204.2
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173.7
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15
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0.28
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0.67
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46
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30.5
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55.0
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24.5
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3
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0.83
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0.08
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15
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55.0
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65.0
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10.0
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113
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1.93
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2.11
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243
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65.0
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79.0
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14.0
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13
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0.44
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1.20
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69
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79.0
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101.0
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22.0
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4
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0.11
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0.36
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20
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101.0
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204.2
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103.2
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10
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0.18
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0.59
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36
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PUD284
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206.3
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273.0
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66.7
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112
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0.46
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1.94
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182
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206.3
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240.0
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33.7
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46
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0.41
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2.12
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129
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240.0
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256.0
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16.0
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79
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0.72
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2.70
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189
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256.0
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273.0
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17.0
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274
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0.33
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1.13
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295
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PUD284
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282.0
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318.0
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36.0
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26
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0.34
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1.01
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70
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282.0
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288.0
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6.0
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13
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1.95
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0.13
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27
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288.0
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300.0
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12.0
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60
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0.61
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1.48
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127
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300.0
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318.0
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18.0
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7
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0.18
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0.72
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38
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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 are estimated at approximately 72% of
reported core lengths for PUD283 and 57% of the reported core
lengths for PUD284.
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Hole ID
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Easting
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Northing
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Elevation
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Azimuth
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Dip
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Length (m)
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PUD283
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740116
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7744469
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4336
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0
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-55
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352
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PUD284
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740373
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7744512
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4266
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19
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-65
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327
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Results
of these two holes will be incorporated into the Mineral Resource
Estimate scheduled to be released in September 2020, as defined
under National Instrument 43-101 (NI43-101) for the Pulacayo-Paca
Project by Mercator Geological Services
Limited.
The
completion of these 2 holes marks the conclusion of the first phase
of 2020 drilling. Per the Company’s news release dated March
9, 2020 Silver Elephant
continues its district exploration at Pulacayo project with
intermittent access due to COVID-19. The Company will announce any
material update, including commencement of new round of
Pulacayo-Paca drilling scheduled by year end, in due
course.
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 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 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.
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 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.