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Silver Elephant Reports 106.7 Million Oz Indicated and 13.1 Million Oz Inferred Silver Mineral Resource Estimate for the Pulacayo Project
VANCOUVER, BC / ACCESSWIRE / October 13, 2020 / Silver Elephant Mining Corp. ("Silver Elephan...
About this update from Silver Elephant Mining Corp
[{"type":"text","content":"Silver Elephant Reports 106.7 Million Oz Indicated and 13.1 Million Oz Inferred Silver Mineral Resource Estimate for the Pulacayo ProjectVANCOUVER, BC / ACCESSWIRE / October 13, 2020 / Silver Elephant Mining Corp. (\"Silver Elephant\" or \"the Company\") (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces the results of a National Instrument 43-101 (\"NI43-101\") compliant Mineral Resource Estimate for the Pulacayo silver-lead-zinc project (\"Pulacayo Project\") in Bolivia. The Pulacayo Project consists of the Pulacayo Deposit and Paca Deposit (7km north of Pulacayo deposit). The project is 107 km northeast of Sumitomo Corporation's San Cristobal silver mine, 171 km southwest of New Pacific's Silver Sands discovery, and 139 km north of Pan American Silver Corp.'s San Vicente silver mine.The Mineral Resource Estimate has an effective date of October 13, 2020 and includes an Indicated Mineral Resource of 106.7 million oz of silver, 1,384.7 million pounds of zinc, and 693.9 million pounds of lead, and an Inferred Mineral Resource of 13.1 million oz of silver, 122.8 million pounds of zinc and 61.9 million pounds of lead. Silver Elephant's wholly owned Bolivian subsidiary has invested over US$30 million at the Pulacayo Project since 2006.The Mineral Resource Estimate was prepared by Mercator Geological Services Limited (\"Mercator\") under supervision of Matthew Harrington, P. Geo., who is an independent Qualified Person as defined under NI 43-101. A technical report documenting the Mineral Resource Estimate will be filed by the Company within 45 days. A contained metal summary based on the Mineral Resource Estimate for the Pulacayo Project is reported below in Table 1.Table 1: Pulacayo Project Mineral Resource Estimate Summary of Total Contained Metal - Effective October 13, 2020**ZoneCategory Rounded Tonnes Ag MozZn MlbsPb Mlbs*AgEq MozOpen Pit ConstrainedIndicated47,380,000101.01,365.0687.5202.0Inferred4,165,0008.080.353.514.3Out-of-PitIndicated660,0005.719.66.46.5Inferred900,0005.242.48.37.4Total:Indicated48,040,000106.71,384.7693.9208.5Inferred 5,065,00013.1122.861.921.7** Accompanying notes for the Mineral Resource Estimate are presented below with Table 3.The Pulacayo Deposit Mineral Resource Estimate is based on estimates of Pit-Constrained and Out of Pit Mineral Resources, details of which are presented below in Table 2. These...