Welcome to our dedicated page for Silver Elephant Mining news (Ticker: SILEF), a resource for investors and traders seeking the latest updates and insights on Silver Elephant Mining stock.
Overview of Silver Elephant Mining Corp
Silver Elephant Mining Corp (symbol: SILEF) is a specialized silver mining company committed to developing and operating advanced silver extraction projects. With a primary focus on the Pulacayo-Paca silver project in Bolivia, the company’s operations span both oxide and sulphide silver production. Conservative in its approach, Silver Elephant integrates industry best practices with robust geological assessments and QA/QC protocols to ensure consistent mineral extraction and efficient processing.
Core Operations and Business Model
The company’s main operational hub is the Pulacayo-Paca project, an advanced mining development that leverages cutting-edge exploration techniques and strategic drilling programs. Utilizing both oxide mining for high-grade silver-bearing materials and sulphide operations for processed concentrates, Silver Elephant is structured to capture value from diverse mineralization zones. Its business model is underpinned by targeted financing rounds through non-brokered private placements, allowing the company to commission and advance mining phases while remaining debt free.
Technical and Operational Excellence
Silver Elephant employs industry-recognized methodologies for resource estimation and quality control. The company uses a systematic approach to drilling and core sampling, with each core being geotechnically analyzed and processed under stringent protocols. Accredited laboratories and standardized testing methods, such as four acid digestion and fire assay techniques, provide reliable assay data, critical in maintaining confidence in its mineral resource estimates. This technical rigor positions Silver Elephant as a company that communicates its operations with clarity and precision to the investment community.
Market Position and Competitive Landscape
In the competitive sector of silver mining, Silver Elephant has distinguished itself by focusing on a high-grade resource base combined with streamlined production processes. It operates within a complex regulatory environment where adherence to quality, safety, and environmental standards is paramount. By concentrating on a flagship project in a mineral-rich region, the company competes with other mid-tier mining entities while emphasizing technical excellence and disciplined capital management.
Strategic Insights and Industry Terminology
Oxide Operations: Focused on extracting high-grade silver oxide materials which offer a consistent production profile.
Sulphide Production: Advanced tunnel developments and concentrate production that highlight the company’s diversification in processing techniques.
Drill Programs: Comprehensive drilling campaigns reinforce the geological potential of the Pulacayo-Paca project.
Quality Assurance: Rigorous QA/QC measures ensure that extracted data is reliable and reflective of actual resource estimates.
Corporate Governance and Investor Communication
Silver Elephant maintains transparent communication with its shareholders through regular news releases and detailed reports. Its governance structure, underscored by experienced management and expert technical personnel, supports a disciplined operational approach. The company’s focus on drilling integrity, efficient production, and capital discipline supports its longstanding mission to sustain operational effectiveness in challenging mining environments.
Conclusion
Overall, Silver Elephant Mining Corp represents a focused approach to silver mining that combines modern extraction techniques, disciplined financing, and technical rigor. By centering its operations around the Pulacayo-Paca project in Bolivia and adhering to industry best practices, the company provides detailed insight into its operational effectiveness for investors and industry analysts alike.
Silver Elephant Mining Corp. (TSX:ELEF)(OTCQX:SILEF) announced promising drill results from its Sunawayo project in Bolivia, revealing significant indium and gallium mineralization. Notably, drillhole SWD002 intercepted 87 g/t indium and 7 g/t gallium over 9 meters, with a silver equivalent of 252 g/t. The results confirm extensive indium and gallium concentrations, often exceeding silver levels. The project, which includes a total of 15 drillholes, shows potential for substantial mineral deposits, although no defined mineral resources exist yet. Full assay results for remaining holes are forthcoming.
Silver Elephant Mining Corp. announced positive drill assay results from its Sunawayo project, highlighting a high-grade intercept of 645 g/t Ag and other significant minerals. The results from holes SWD011 to SWD014 indicate a broader intercept of 5.0 meters graded at 297 g/t Ag. Notably, all 14 drilled holes contain silver mineralization, confirming the project's potential for mineral deposits.
Assay results for additional minerals, including indium and gallium, are pending as the company submitted samples for further analysis.
Silver Elephant Mining Corp. (OTCQX:SILEF) has reported significant silver mineralization at its Sunawayo project in Bolivia. The initial drill holes, SWD001 and SWD002, yielded impressive results: 137 meters of mineralization at 36 g/t silver and 31 meters at 44 g/t silver, respectively. The ongoing drilling program aims to further explore the silver resources, with potential implications for future growth. The Company's strategy includes focusing on Sunawayo while it is financed by top Canadian investment banks, indicating strong support for its operations.
Silver Elephant Mining Corp. has successfully acquired the Minago nickel project from Victory Nickel for a total of US$11,675,000. The project includes the Nose deposit, which features 790 million pounds of historic nickel resource. The transaction involves a Property Payment of US$6,675,000 against Victory Nickel's secured debt and US$5,000,000 worth of common shares to be issued over the year. Post-acquisition, Silver Elephant will own approximately 29% of Victory Nickel's shares, expanding its resource portfolio significantly.
Silver Elephant Mining Corp. (ELEF) has filed an early warning report under NI 62-103 following its acquisition of 40,000,000 common shares of Victory Nickel Inc. (VN) for $1,000,000 at $0.025 per Share. The acquisition was finalized on February 8, 2021, making ELEF a holder of approximately 29.0% of VN's outstanding shares. ELEF plans to evaluate its investment and may adjust its holdings. A voting trust agreement between ELEF and VN has been established, ensuring that ELEF votes in line with VN's directives.
Silver Elephant Mining Corp. (TSX:ELEF)(OTCQX:SILEF) has successfully closed its non-brokered private placement, raising $3,750,000 by issuing 10,000,001 common shares at $0.375 per share. After this placement, the company has 192,895,079 shares outstanding. The funds will be allocated for exploration, working capital, and general corporate purposes, including project evaluations and acquisitions. A finder’s fee of $73,875 was also paid. The shares will be subject to a four-month hold period.
Silver Elephant Mining Corp. (SILEF) announced the complete assay results from its diamond drill program at the Paca silver-lead-zinc deposit in Bolivia. All five drill holes showed mineralization, with PND115 reporting 66 meters at 75g/t silver equivalent and PND118 showing 112 meters at 50g/t. The company has $9 million in treasury and plans for further drilling in 2021 to expand its current resource base of 106.7 million oz indicated silver. The mineralization remains open to the north and east, enhancing the potential for growth.
Silver Elephant Mining Corp. (SILEF) announced results from its diamond drill program at the El Triunfo project in Bolivia. Borehole TR007 reported 48.9 meters of mineralization with grades of 0.42 g/t gold, 35.5 g/t silver, 1.17% zinc, and 0.83% lead (1.45 g/t AuEq). The program demonstrates broad continuity of mineralization over 225 meters, with potential for further exploration. The upcoming drilling phase is planned for the first half of 2021. Quality control measures in sampling and analysis adhere to industry standards.
Silver Elephant Mining Corp. has completed a bought deal offering, issuing 23 million common shares at a price of C$0.40 each, raising C$9.2 million in gross proceeds. The offering was led by Mackie Research Capital and included an over-allotment option. Proceeds will fund the exploration and development of the company’s mineral properties and support working capital needs. Investors should consider the associated risks and uncertainties outlined in the company’s forward-looking statements.
Silver Elephant Mining Corp. (SILEF) announced the filing of an independent amended technical report for the Pulacayo project, dated November 12, 2020, and effective October 13, 2020. This report, prepared by Mercator Geological Services, is available on SEDAR. The company has filed a final short form prospectus for a bought deal offering of 20 million common shares at C$0.40 per share, aiming to raise $8 million. The offering is expected to close on November 24, 2020, pending regulatory approval. Insider participation includes 750,000 shares by director John Lee.
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