Silver Elephant to Start Paca Apuradita Silver Production in May 2025
Silver Elephant Mining Corp. (SILEF) announces plans to commence silver production at its Paca Apuradita Silver Project in Bolivia by May 2025. The company has completed 111 meters of a planned 160-meter tunnel development for its underground mining operation, advancing at 2.4 meters per day.
The project's infrastructure is fully operational, including rail transport systems, logistics infrastructure, air compressor systems, and civil works. The planned 100-tonne-per-day operation will utilize shrinkage stoping method across two stopes (30m length x 20m height x 4m width).
The calculated average grade of extracted sulphide materials is 412 g/t Ag, 1.09% Pb, and 0.38% Zn, based on diamond drill holes and internal mine modeling. High-grade intercepts show silver grades ranging from 424 g/t to 715 g/t. The company is finalizing toll milling and concentrate sales agreements, with production expected to begin in May 2025.
Silver Elephant Mining Corp. (SILEF) annuncia piani per avviare la produzione di argento presso il suo Progetto Argento Paca Apuradita in Bolivia entro maggio 2025. L'azienda ha completato 111 metri di un tunnel di sviluppo pianificato di 160 metri per la sua operazione mineraria sotterranea, avanzando a 2,4 metri al giorno.
L'infrastruttura del progetto è completamente operativa, inclusi i sistemi di trasporto su rotaia, le infrastrutture logistiche, i sistemi di compressori d'aria e i lavori civili. L'operazione pianificata di 100 tonnellate al giorno utilizzerà il metodo di estrazione a ritiro su due stope (30m di lunghezza x 20m di altezza x 4m di larghezza).
Il grado medio calcolato dei materiali solfurei estratti è di 412 g/t Ag, 1,09% Pb e 0,38% Zn, basato su fori di perforazione a diamante e modellazione interna della miniera. Le intercettazioni ad alto grado mostrano gradi di argento che variano da 424 g/t a 715 g/t. L'azienda sta finalizzando gli accordi per la macinazione a pagamento e le vendite di concentrati, con la produzione prevista per iniziare a maggio 2025.
Silver Elephant Mining Corp. (SILEF) anuncia planes para comenzar la producción de plata en su Proyecto de Plata Paca Apuradita en Bolivia para mayo de 2025. La empresa ha completado 111 metros de un túnel de desarrollo planificado de 160 metros para su operación minera subterránea, avanzando a 2.4 metros por día.
La infraestructura del proyecto está completamente operativa, incluidos los sistemas de transporte ferroviario, la infraestructura logística, los sistemas de compresores de aire y las obras civiles. La operación planificada de 100 toneladas por día utilizará el método de extracción por retracción en dos estopes (30m de longitud x 20m de altura x 4m de ancho).
El grado promedio calculado de los materiales sulfurosos extraídos es de 412 g/t Ag, 1.09% Pb y 0.38% Zn, basado en perforaciones de diamante y modelado interno de la mina. Las intersecciones de alto grado muestran grados de plata que varían de 424 g/t a 715 g/t. La empresa está finalizando acuerdos de molienda por contrato y ventas de concentrados, con la producción que se espera comience en mayo de 2025.
실버 엘리펀트 마이닝 코퍼레이션 (SILEF)는 2025년 5월까지 볼리비아의 파카 아푸라디타 은광에서 은 생산을 시작할 계획을 발표했습니다. 이 회사는 지하 광산 작업을 위한 160미터 터널 개발 계획 중 111미터를 완료했으며, 하루에 2.4미터씩 진행되고 있습니다.
프로젝트의 인프라는 철도 운송 시스템, 물류 인프라, 공기 압축기 시스템 및 토목 공사를 포함하여 완전히 운영되고 있습니다. 계획된 하루 100톤의 운영은 두 개의 스톱(길이 30m x 높이 20m x 너비 4m)에서 수축 스톱핑 방법을 사용할 것입니다.
추출된 황화물의 평균 등급은 412 g/t Ag, 1.09% Pb, 0.38% Zn으로, 다이아몬드 드릴 홀과 내부 광산 모델링을 기반으로 합니다. 고등급 인터셉트는 424 g/t에서 715 g/t까지의 은 등급을 보여줍니다. 회사는 톨 밀링 및 농축물 판매 계약을 마무리 중이며, 2025년 5월에 생산이 시작될 것으로 예상됩니다.
Silver Elephant Mining Corp. (SILEF) annonce des plans pour commencer la production d'argent dans son Projet Argent Paca Apuradita en Bolivie d'ici mai 2025. L'entreprise a achevé 111 mètres d'un tunnel de développement prévu de 160 mètres pour son opération minière souterraine, avançant à 2,4 mètres par jour.
L'infrastructure du projet est entièrement opérationnelle, y compris les systèmes de transport ferroviaire, l'infrastructure logistique, les systèmes de compresseurs d'air et les travaux civils. L'opération prévue de 100 tonnes par jour utilisera la méthode de retraitement dans deux stopes (30 m de longueur x 20 m de hauteur x 4 m de largeur).
Le grade moyen calculé des matériaux sulfurés extraits est de 412 g/t Ag, 1,09% Pb et 0,38% Zn, basé sur des forages à diamant et une modélisation interne de la mine. Les interceptions de haute qualité montrent des teneurs en argent variant de 424 g/t à 715 g/t. L'entreprise finalise les accords de broyage à façon et de vente de concentrés, avec une production prévue pour commencer en mai 2025.
Silver Elephant Mining Corp. (SILEF) kündigt Pläne an, die Silberproduktion in seinem Silberprojekt Paca Apuradita in Bolivien bis Mai 2025 zu beginnen. Das Unternehmen hat 111 Meter eines geplanten 160-Meter-Tunnelbaus für seinen unterirdischen Bergbaubetrieb abgeschlossen und arbeitet mit einer Geschwindigkeit von 2,4 Metern pro Tag.
Die Infrastruktur des Projekts ist vollständig betriebsbereit, einschließlich Schienentransportsystemen, Logistikinfrastruktur, Druckluftsystemen und Bauarbeiten. Der geplante Betrieb mit 100 Tonnen pro Tag wird die Schrumpfstopfungsmethode in zwei Stollen (30 m Länge x 20 m Höhe x 4 m Breite) nutzen.
Der berechnete Durchschnittsgehalt der extrahierten Sulfidmaterialien beträgt 412 g/t Ag, 1,09% Pb und 0,38% Zn, basierend auf Diamantbohrungen und interner Bergbaumodellierung. Hochgradige Einschnitte zeigen Silbergehalte von 424 g/t bis 715 g/t. Das Unternehmen finalisiert gerade die Verträge für Lohnmahlungen und den Verkauf von Konzentraten, wobei die Produktion voraussichtlich im Mai 2025 beginnen wird.
- High-grade silver content with intercepts up to 715 g/t Ag
- Infrastructure fully operational and ready for production
- Steady tunnel development progress at 2.4 meters per day
- Located in established mining region with multiple processing facilities
- Resource estimate not classified as reserves, lacking demonstrated economic viability
- Project subject to ongoing disputes with Comibol regarding mining rights
- Dependent on third-party toll processing facilities
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") is pleased to provide an update on the sulphide mining operation at its Paca Apuradita Silver Project in the Potosi Department of Bolivia, following its news release dated July 8, 2024. The Apuradita mining claim ("Apuradita") is registered under Silver Elephant's Bolivia subsidiary with the Bolivian Jurisdictional Administrative Mining Authority (AJAM). Apuradita is not within the area covered under the Mining Production Contract dated October 3, 2019, between the Company and the Corporacion Minera de Bolivia ("Comibol") which is the subject of ongoing disputes.
In September 2024, the Company started Apuradita tunnel development to mine high-grade sulphide material located beneath the oxide layer. The planned 100-tonne-per-day underground mining operation extracts sulphide material. The mined materials will then be transported to third party toll mill processing plants.
To date, the Company has dug 111 meters of the 160-meter planned tunnel to reach the sulphide mineralized zone. The Company is continuing tunnel development at approximate rate of 2.4 meters per day and expects to start silver production by May 2025.
The essential infrastructure is in place to support sulphide mining activities:
- The underground transport rail system is fully installed and operational, with structural reinforcements added to ensure stability and prevent derailments.
- Logistics infrastructure including rail for the minecar dump truck loadout area and locomotive recharging station is complete.
- The air compressor system and water utility are fully functional, providing air and water services for drilling, ventilation, and dust control.
- Civil works at the tunnel site, including secured storage laydown areas and Truck Haulage Road are complete.
In conjunction with tunneling, the Company is finalizing toll milling and concentrate sales agreements with concentrate production and sales anticipated to begin in May 2025.
As outlined in the news release dated July 8, 2024, the tunnel will provide access to sulphide mineralized materials, which will be mined using the shrinkage stoping method. The two stopes are designed with approximate dimensions of 30 meters in length x 20 meters in height x 4 meters in width, with a targeted extraction rate of 100 to 150 tonnes per day. The calculated average grade of extracted and sorted sulfide materials is 412 g/t Ag,
Several examples of high-grade intercepts within the Apuradita mineralized zone include:
| Hole ID | From | To | Length | True Width | Ag | Pb | Zn |
| (m) | (m) | (m) | (m) | (g/t) | (%) | (%) | |
| PND004 | 86.0 | 97.0 | 11.0 | 7.8 | 481.0 | 0.5 | 0.2 |
| PND008 | 47.0 | 63.0 | 16.0 | 11.3 | 507.0 | 1.1 | 0.6 |
| PND008 | 111.9 | 127.0 | 15.1 | 10.7 | 424.0 | 2.0 | 2.7 |
| PND023 | 125.0 | 157.0 | 32.0 | 26.2 | 437.0 | 1.7 | 1.0 |
| PND092 | 38.0 | 52.0 | 14.0 | 9.9 | 522.0 | 0.8 | 0.1 |
| PND110 | 61.0 | 72.0 | 11.0 | 7.8 | 715.0 | 2.1 | 2.1 |
The full drill hole assay results have previously been released on SEDAR.
The assumptions set out above are based on a resource estimate at Apuradita that is not reserve. Mineral resources that are not mineral reserves have not demonstrated economic viability and therefore should not be relied upon.
Potosi Region
Potosi town district hosts the Cerro Rico silver deposit and is home to about 100 privately owned, small-sized processing facilities (ranging from 50 to 500 tonnes per day capacity) that produce zinc and lead concentrates sold to many active commodity traders. Potosi department is one of the most active silver producing regions in the world. Majority of Bolivia's annual 40 million oz silver production came from Potosi department.
Qualified Person
The technical contents of this news release have been prepared under the supervision of Carlos Zamora, who is an employee of the Company and is not considered independent. Mr. Zamora is a qualified person as defined by National Instrument 43-101.
About Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company with gold and silver projects in Bolivia.
Further information on Silver Elephant can be found at www.silverelef.com.
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
"John Lee"
CEO and Executive Chairman
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
info@silverelef.com
www.silverelef.com
FORWARD-LOOKING INFORMATION
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information. Forward-looking information in this and other news releases includes, but not limited to the anticipated start and end dates for the sulphide mining, mining 100 tonnes of sulphide material, the anticipated total tonnes to be extracted, the ability to sell the sulphides to toll mills, the anticipated timing to enter into commercial agreements with toll millers, the anticipated mining methods and the anticipated average grade of extracted the sulphide material.
Forward-looking information involves significant risks and uncertainties, should not be read as a guarantee of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking information, including but not limited to: changes in operating plans; ability to secure sufficient financing to advance the Company's project; conditions impacting the Company's ability to mine at the project, such as unfavourable weather conditions, development of a mine plan, maintaining existing permits and receiving any new permits required for the project, and other conditions impacting mining generally; maintaining cordial business relations with strategic partners and contractual counter-parties; meeting regulatory requirements and changes thereto; risks inherent to mineral resource estimation, including uncertainty as to whether mineral resources will be further developed into mineral reserves; political risk in the jurisdictions where the Company's projects are located; commodity price variation; and general market, industry and economic conditions. Additional risk factors are set out in the Company's latest annual and interim management's discussion and analysis and annual information form (AIF), available on SEDAR+ at www.sedarplus.ca.
Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward- looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247026
FAQ
What is the expected production capacity of Silver Elephant's (SILEF) Paca Apuradita project?
What are the average grades expected at SILEF's Paca Apuradita project?
When will Silver Elephant Mining (SILEF) begin production at Paca Apuradita?
How much of the planned tunnel development has SILEF completed at Paca Apuradita?
What is the highest silver grade intercepted in SILEF's Paca Apuradita drilling?
