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Silver Elephant's Greenfield Silver Discovery: Sunawayo's SWD001 Drills 137 meters of 36 g/t Silver Starting from 0 meters Depth; SWD002 Drills 31m of 67 g/t AgEq
VANCOUVER, BC / ACCESSWIRE / February 24, 2021 / Silver Elephant Mining Corp. ("Silver Elepha...
About this update from Silver Elephant Mining Corp
[{"type":"text","content":"Silver Elephant's Greenfield Silver Discovery: Sunawayo's SWD001 Drills 137 meters of 36 g/t Silver Starting from 0 meters Depth; SWD002 Drills 31m of 67 g/t AgEqVANCOUVER, BC / ACCESSWIRE / February 24, 2021 / Silver Elephant Mining Corp. (\"Silver Elephant\" or \"the Company\") (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) announces that the first ever drill hole at its Sunawayo project has intercepted 137 meters of mineralization grading 36 g/t silver, starting from 0 meters-depth. The Company acquired the Sunawayo project in central Bolivia in September 2020.The second drill hole intercepted 31 meters of mineralization grading 44 g/t silver, 0.39% lead, and 0.48% zinc from 1 meter-depth. Both SWD001 and SWD002 (240 meters to the southeast of the former) feature near-uniform silver assays throughout the reported intervals, indicating that silver mineralization is highly likely to continue deeper.The composited results for SWD001 and SWD002 are tabulated below:Hole IDFrom ToLength (m)Ag (g/t)Pb %Zn %AgEq* (g/t)SWD0010.0137.0137.0360.120.0239SWD0021.032.031.0440.390.4867incl…21.030.09.0480.731.57112 Reported widths are intercepted core lengths and not true widths, as relationships with intercepted structures and contacts vary. Based on core-angle measurements, true widths range from 80% to 85% of reported core length. (*)Silver equivalent calculation uses a silver price of $25.00/oz, a zinc price of $1.10/lb., and a lead price of $0.80/lb. (all USD) and assumes a 100% metallurgical recovery. Silver equivalent values can be calculated using the following formula: AgEq = Ag g/t + (Zn % x 30.1644 ) + (Pb % x 21.9377).Silver Elephant's maiden 2,300 meter, 15-hole program at the southeastern half of Sunawayo started in December 2020 and is due for completion in March 2021. Three holes (SWD001, SWD002, SWD003) tested the Pujiuni target (500 meters x 250 meters), with the remaining 12 holes testing the Caballo Uma target which is over 8 times larger in size than Pujiuni.Of the 950 surface samples taken in late 2020 along an 8 km stretch concentrating on aforementioned targets, 87% returned silver assays of 1 g/t to 458 g/t silver. All 11 of the high-grade silver samples (over 100g/t silver) were taken from Caballo Uma. So far, 50% of Sunawayo (17 km span totaling 59.5 km2) has been mapped and sampled while geophysical surveys are sch...