Prophecy's Accomplishments in 2019 and Objectives in 2020

About this update from Silver Elephant Mining Corp

[{"type":"text","content":"Prophecy’s Accomplishments in 2019 and Objectives in 2020VANCOUVER, BC / ACCESSWIRE / January 8, 2020 / Prophecy Development Corp. (\"Prophecy\" or the \"Company\") (TSX:PCY)(OTCQX:PRPCF)(Frankfurt:1P2N)Dear Investors,Prophecy had an outstanding 2019. We bolstered our silver-focused technical team by recruiting two mining engineers to the Board of Directors: Marc Leduc (formerly president of Bear Creek Mining) and Ron Clayton (formerly CEO of Tahoe Resources). We recruited a CEO: Mike Doolin, who earlier commissioned three mines at Klondex Mines Ltd (acquired by Hecla in 2018). Finally (as far as hires go), Prophecy hired two full time geologists to work at Pulacayo and scout out regional projects. Otherwise,We signed a landmark 30-year Pulacayo mining production contract with the Bolivian government.We signed a life-of-mine cooperation agreement with the Pulacayo mining cooperatives. (We consider government and community relations as our strong suits.).We eliminated all the Bolivian tax liabilities which incurred more than 10 years ago.We drilled Pulacayo and Paca for the first time in eight years, with the best Paca drill hole intersecting 12 meters of 1,085 g within 79 meters of 279 g/t. This is comparable to the best drill results from our neighbor New Pacific Metals Corp's Silver Sands project. We have barely scratched the surface of this massive system (literally as well as metaphorically). Pulacayo drilling is ongoing, with results pending throughout Q1 2020.We raised $6.9 million in equity with lead orders from Eric Sprott, who alone owns 9% of Prophecy, along with several new institutional funds. Additionally, no warrants were offered in the equity placements.We filed Gibellini vanadium environmental baseline reports and the Plan of Operations with BLM and the Water Pollution Control Permit (WPCP) and Air Quality Permit with State of Nevada -on time and under budget.We believe Pulacayo is one of the very few first-tier silver deposits not owned by a mining major.However, this doesn't mean we are standing still. To the contrary: we have already set out to achieve our two major 2020 objectives: increasing in-situ Pulacayo silver ounces and increasing investor awareness.We will accomplish those two major objectives byscientifically locating the most promising drill targets and systematically drilling those targets a...

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