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Silver Elephant: First El Triunfo Drill Hole Intercepts 48.9 Meter Mineralization Grading 1.45 g/t Gold Equivalent (0.42 g/t Gold, 35.5 g/t Silver, 1.17% Zinc, and 0.83% Lead) within 98.9 Meters Grading 1.04 g/t AuEq
VANCOUVER, BC / ACCESSWIRE / November 25, 2020 / Silver Elephant Mining Corp. ("Silver Elepha...
About this update from Silver Elephant Mining Corp
[{"type":"text","content":"Silver Elephant: First El Triunfo Drill Hole Intercepts 48.9 Meter Mineralization Grading 1.45 g/t Gold Equivalent (0.42 g/t Gold, 35.5 g/t Silver, 1.17% Zinc, and 0.83% Lead) within 98.9 Meters Grading 1.04 g/t AuEqVANCOUVER, BC / ACCESSWIRE / November 25, 2020 / Silver Elephant Mining Corp. (\"Silver Elephant\" or \"the Company\") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces that further to the news release dated August 19, 2020, it has received the complete assay results from the Company's first diamond drill program at its 100%-controlled El Triunfo Au-Ag-Zn-Pb project in Bolivia.Borehole TR007 intercepted 48.9 meters of mineralization grading 0.42 g/t gold, 35.5 g/t silver, 1.17% zinc, and 0.83% lead (1.45 g/t AuEq) within 98.9 meters of mineralization grading 1.04 g/t AgEq starting 13.0 meters downhole.Notable highlights includeHole IDFrom To Length (m)Au (g/t)Ag (g/t)Zn %Pb % AuEq* (g/t)TR00640.076.036.00.4915.460.540.440.97including…58.072.014.00.4820.230.760.661.16TR00713.0111.998.90.3722.710.740.581.04including…63.0111.948.90.4235.491.170.831.45TR0086.884.077.30.3117.650.570.530.85including…45.051.46.41.6056.491.660.943.05(*) Gold equivalent calculation uses a gold price of $1,795, a zinc price of $0.93, a lead price of $0.80, and a silver price of $18.30 (all USD), and assumes a 100% metallurgical recovery. Gold equivalent values can be calculated using the following formula: AuEq = Au g/t + (Ag g/t x 0.0102) + (Zn % x 0.3551) + (Pb % x 0.3055).Danniel Oosterman, Company's VP of Exploration, states: \"Silver Elephant's maiden drill program at El Triunfo successfully demonstrates broad continuity of east-west mineralization spanning a minimum 225 meters in strike. It is open beyond 100 meters depth in both east and west directions. We are also very pleased with the intercepted grades of around 1g/t gold equivalent in the context of today's gold price of $1,850 an oz. In short, we are off to a great start delineating near-surface, potential bulk tonnage resources at El Triunfo.\"Mineralization is hosted in altered black shales exhibiting hydrothermal sheeted quartz-carbonate vein sets that are concentrated along the axes of regional anticlinal fold structures.Assay results are detailed in the table below:Hole IDFrom To Length (m)Au (g/t)Ag (g/t)Zn %Pb % AuEq* (g/t)TR00414.015.01.00.2418.850.210...