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Silver Elephant Assay Results Show Up To 2,790 g/t Silver, 20% Lead From 120 Samples At the Pulacayo-Paca Project in Bolivia
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2023) - Silver Elephant Mining Corp. (TSX:...
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[{"type":"text","content":"Silver Elephant Assay Results Show Up To 2,790 g/t Silver, 20% Lead From 120 Samples At the Pulacayo-Paca Project in BoliviaVancouver, British Columbia--(Newsfile Corp. - May 11, 2023) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQX: SILEF) (FSE:1P2) (\"Silver Elephant\" or \"the Company\")  is pleased to report chip and channel sampling assay results from the ongoing exploration at the Company's flagship Pulacayo-Paca silver project in Bolivia.A total of 120 samples were collected from three exploration priority target areas: Paca conglomerate zone, the Pulacayo San Leon tunnel, and the Rothschild zone (an area immediately northwest of Pulacayo's Tajo Vein system). Assays with significant silver were returned from many of the chip and channel samples taken at regular intervals in those areas. An up-coming drill program is planned to expand the Pulacayo-Paca resource based on these assay results and on geophysical surveys. The Pulacayo-Paca project is currently estimated to contain an indicated resource of 106.7 million oz of silver, 1.38 billion pounds of zinc, and 690 million pounds of lead and an inferred resource of 13.1 million oz of silver, 123 million pounds of zinc, and 62 million pounds of lead based on the technical report prepared by Mercator Geological Services Limited with an effective date of October 13, 2020, with details provided in the Company's October 13, 2020 news release. These resources are well supported by 96,021 meters of drilling (5,009 meters by Apex Silver from 1994 to 1998, 85,024 meters by Apogee Silver from 2002 to 2014, and 6,258 meters by Silver Elephant from 2019 to 2022). Paca66 select and channel samples were taken at 10-meter intervals that cover a 200 meter by 40 meter conglomerate area bordering Paca's resource to the north. Each channel sample is between 2 to 4 meters in length. The reported values are up to 468 g/t silver; with 9 samples reporting between 250 and 468 g/t silver; 19 samples between 250 and 100 g/t silver; 19 samples between 100 and 50 g/t silver; 7 samples between 50 and 30 g/t silver and the remainder below 30 g/t silverThe results demonstrate significant silver oxide mineralization throughout the sampled area. None of the near surface conglomerate silver mineralization is included in the current Paca resource.TABLE 1: Paca Conglomerate Sampling Assay ResultsSNO LO...