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Silver Elephant Drills 2 Meters of 299g/t Silver, 1.5km North of Tajo Vein System at Pulacayo Project in Bolivia
VANCOUVER, BC / ACCESSWIRE / March 29, 2022 / Silver Elephant Mining Corp. ("Silver Elephant"...
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[{"type":"text","content":"Silver Elephant Drills 2 Meters of 299g/t Silver, 1.5km North of Tajo Vein System at Pulacayo Project in BoliviaVANCOUVER, BC / ACCESSWIRE / March 29, 2022 / Silver Elephant Mining Corp. (\"Silver Elephant\" or \"the Company\") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces regional exploration drilling results from its 100%-controlled Pulacayo silver project in the Potosi department of Bolivia.A total of 9 holes were drilled, totaling 3,251 meters to test several induced polarization (\"IP\") geophysical targets within a 3km radius from the San Leon tunnel entrance accessing the east-west trending Tajo Vein System (\"TVS\") that comprises the Pulacayo deposit. The TVS is where all of the historic Pulacayo silver production took place from the early 1800's until 1952.This modest drill program covering an area of 3.5km by 2km is the largest regional drill campaign outside of the Pulacayo and Paca deposits (Paca is 7km north of Pulacayo).3 of the 9 holes encountered multiple intersections of mineralization, including 2 meters grading 299g/t silver, 0.75% lead and 0.44% zinc at PUD292 (Pacamayo target). PUD291 and PUD292 prematurely ended in mineralization at depths of 717meters and 562 meters respectively due to drill rig capability, while PUD 293 was abandoned due to poor ground conditions.The results demonstrate that silver and base metals have been deposited in areas distant to the main TVS, providing encouraging signs of possibly existing, yet-to-be-discovered, parallel or conjugate vein systems to TVS, which was formed in a large hydrothermal system given its depth extends to 1,000 meters or more from surface.Also notable are the similarly strong IP signatures exhibited at the TVS versus the drilled targets. The TVS (i.e. Pulacayo deposit) features increasing grades and thickness with depth that may be related to lithological contrasts with changing structural behaviour where these contrasts occur. This combination may have led to dramatic changes in the pressure-temperature conditions that induce precipitation of favorable metals. The Company plans to further rehabilitate the San Leon tunnel and adits to provide a platform for future underground drilling to reach deeper targets beneath the pyrite caps while conserving drill meterage.The Company will examine the drill assays and core to reconstruct the geological model for...