0001654954-20-009321.txt : 20200819 0001654954-20-009321.hdr.sgml : 20200819 20200819081249 ACCESSION NUMBER: 0001654954-20-009321 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20200819 FILED AS OF DATE: 20200819 DATE AS OF CHANGE: 20200819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Silver Elephant Mining Corp. CENTRAL INDEX KEY: 0001545224 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55985 FILM NUMBER: 201115340 BUSINESS ADDRESS: STREET 1: SUITE 1610 - 409 GRANVILLE STREET CITY: VANCOUVER STATE: A1 ZIP: V6C 1T2 BUSINESS PHONE: 604-569-3661 MAIL ADDRESS: STREET 1: SUITE 1610 - 409 GRANVILLE STREET CITY: VANCOUVER STATE: A1 ZIP: V6C 1T2 FORMER COMPANY: FORMER CONFORMED NAME: PROPHECY DEVELOPMENT CORP. DATE OF NAME CHANGE: 20150629 FORMER COMPANY: FORMER CONFORMED NAME: PROPHECY COAL CORP DATE OF NAME CHANGE: 20120321 6-K 1 silef_6k.htm 6-K silef_6k
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 Form 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
 
 
For the month of August, 2020
 
 
Commission File Number 000-55985
 
 
SILVER ELEPHANT MINING CORP.
(Translation of registrant’s name into English)
 
Suite 1610 – 409 Granville Street
Vancouver, British Columbia, Canada V6C 1T2
(Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
 
Form 20-F
     
Form
40-F
☐ 
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):   ☐              
 
 
Note:  Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):    ☐            
 
 
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
 
 

 
 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
SILVER ELEPHANT MINING CORP. 
 
 
 
 
 
 
 
Date: August 19, 2020
/s/ Brigitte McArthur                                
Brigitte McArthur
Corporate Secretary
 
 
 
- 2 -
 
INDEX TO EXHIBITS
 
 
News Release dated August 19, 2020
 
 
- 3 -
EX-99.1 2 silef_ex991.htm PRESS RELEASE silef_ex991
 
  Exhibit 99.1
 
Silver Elephant: 37 Triunfo Samples Assayed Up to 8.3 g/t AuEq,
1,000 Meter Drilling Commences Today
 
Vancouver, British Columbia, August 19, 2020 – Silver Elephant Mining Corp. (“Silver Elephant” or “the Company”) (TSX: ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces that it has received its first chip sampling results on its recently acquired polymetallic (gold, silver, zinc & lead) El Triunfo Project in Bolivia.
 
A total of 103 chip samples were collected from outcrops at surface and from underground adits and tunnels accessing the main east-west mineralized trend. The width of the samples varies from 1.0 to 5.3m, exhibiting an average width of 2.5m.
 
These results confirm that the El Triunfo project exhibits near-surface Au-Ag-Pb-Zn mineralization where gold and silver account for a majority of the value.
 
Sampling was conducted on two priority areas, known as Block A and Block B. These 2 contiguous blocks, located at the western portion of the property, span a total strike length of 750m at various widths from 20 to 100 m. Artisanal mining has been developed along predominantly east-west mineralized trends in the area (please refer to Company’s news release dated July 13th, 2020).
 
 
 
 
 
 
The sampling returned significant results from both Blocks. Table 1 shows the assay results, equal to and over 1.0 g/t Au Equivalent which represent over 36% of the samples (37 / 103).
 
ID
 
BLOCK
 
SAMP_TYPE
 
WIDTH
(m)
Au
(g/t)
Ag
(g/t)
Pb
(%)
Zn
(%)
Au Equiv
(g/t)
Ag Equiv
(g/t)
46506
A
chip channel
3.90
2.22
113.00
3.46
0.12
8.30
813.94
46505
A
chip channel
2.00
3.70
29.30
1.34
0.06
8.22
805.86
46504
A
chip channel
2.10
0.89
68.70
2.52
1.82
5.58
547.21
46503
A
chip channel
2.20
1.27
64.00
1.93
0.13
4.74
465.03
46502
A
chip channel
3.80
0.62
55.20
2.34
1.08
4.23
414.86
46501
A
chip channel
2.30
0.21
75.10
2.61
1.29
4.14
406.07
46299
A
chip channel
2.80
1.86
24.60
0.00
0.02
3.93
385.39
46298
A
chip channel
2.30
0.59
35.40
1.42
1.76
3.73
365.50
46297
A
chip channel
2.00
1.56
39.50
0.00
0.01
3.65
357.77
46296
A
chip channel
2.40
0.69
95.80
0.00
0.01
3.10
303.82
46295
A
chip channel
2.10
1.55
5.50
0.00
0.00
2.98
292.64
46294
A
chip channel
3.00
0.19
45.70
2.88
0.14
2.94
288.56
46293
A
chip channel
1.30
1.29
15.10
0.34
0.03
2.89
283.91
46292
A
chip channel
2.60
0.70
75.40
0.00
0.04
2.75
269.70
46291
A
chip channel
2.00
0.29
42.00
1.88
0.45
2.70
264.59
46290
A
chip channel
2.00
0.33
46.60
1.76
0.10
2.56
250.73
46289
A
chip channel
1.00
0.82
30.80
0.54
0.02
2.42
237.84
46288
A
chip channel
1.70
0.04
20.00
0.53
2.23
2.22
217.89
46287
A
chip channel
1.00
0.70
30.00
0.35
0.11
2.14
209.93
46286
A
chip channel
3.40
1.00
14.20
0.00
0.00
2.13
208.64
46285
A
chip channel
3.00
1.08
5.40
0.00
0.00
2.11
206.82
46284
A
chip channel
2.00
0.43
25.20
1.02
0.37
2.10
205.63
46283
A
chip channel
2.20
0.92
5.90
0.00
0.00
1.82
178.46
46282
A
chip channel
1.30
0.94
1.90
0.00
0.00
1.78
174.77
46281
A
chip channel
1.50
0.49
42.10
0.00
0.01
1.71
167.73
46279
A
chip channel
2.40
0.76
13.70
0.00
0.00
1.67
164.16
46278
B
chip channel
2.00
0.33
17.00
0.59
0.41
1.54
151.10
46277
B
chip channel
2.10
0.55
26.40
0.00
0.00
1.52
149.28
46276
B
chip channel
2.00
0.29
15.50
0.54
0.23
1.29
126.13
46275
B
chip channel
2.00
0.47
6.20
0.25
0.23
1.28
125.73
46274
B
chip channel
4.00
0.63
1.50
0.00
0.00
1.20
117.52
46273
B
chip channel
2.30
0.59
3.70
0.00
0.00
1.17
114.48
46272
B
chip channel
2.90
0.55
4.10
0.00
0.01
1.11
108.53
46271
B
chip channel
2.00
0.23
10.70
0.30
0.36
1.04
101.91
46270
B
chip channel
2.40
0.43
9.00
0.02
0.02
0.99
96.87
46269
B
chip channel
2.50
0.05
22.70
0.25
0.46
0.97
94.82
 
Denser sets of veins and veinlets hosted by shales and quartzites appear to correlate with higher grades. The strike lengths of these mineralized trends have been recognized as continuing along several hundreds of meters at surface.
 
The Company’s initial drill program, which started this Wednesday and is fully funded by recent warrant exercises, entails 4 holes total 1,000 meters that may be expanded.
 
The drilling will step out to the east and west of historic drill hole TR001 on Block B. TR001 had returned assay results of 94.2 meters grading 0.39 g/t Au, 21.8 g/t Ag 0.65%Pb, 0.39% Zn , and (0.95 gpt AuEq*), according to Solitario Resources SEC 10K filings in 2008.
 
District geological mapping and geophysics is also planned, as the host and accessory mineral properties associated with the mineralization at El Triunfo can be detected by geophysical imaging methods such as induced polarization (IP).
 
 
 
 
Maps of the sample locations are posted at http://www.silverelef.com.
 
(*) 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).
 
Qualified Person
 
The technical contents of this news release have been prepared under the supervision of Danniel Oosterman, VP Exploration. Mr. Oosterman is not independent of the Company in that he is employed by it. Mr. Oosterman is a qualified person (“QP”) as defined by the guidelines in NI 43-101.
 
Quality Assurance and Quality Control
 
Silver Elephant adopts industry-recognized best practices in its implementation of QA/QC methods. Rock chip samples average between 5-7 kg. Samples are shipped to ALS Global Laboratories in Ururo, Bolivia for preparation and then shipped to ALS Global laboratories in Lima, Peru for analysis. Samples are analyzed using Intermediate Level Four Acid Digestion. Silver overlimits (“ore grade”) are analyzed using fire assay with a gravimetric finish. The ALS Laboratories sample management system meets all the requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. All ALS geochemical hub laboratories are accredited to ISO/IEC 17025:2017 for specific analytical procedures. A geochemical standard control samples are inserted into the sample stream. The laboratory also includes duplicates of samples, standards and blanks for additional QA/QC. Check assays are reviewed prior to the release of data. Assays are also reviewed for their geological context and checked against field descriptions.
 
About Silver Elephant
 
Silver Elephant is developing its premier Pulacayo silver project and Triunfo gold-silver project 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”
Executive Chairman
 
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
ir@silverelef.com  www.silverelef.com
 
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
 
Cautionary Note Regarding Forward-Looking Statements
 
Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management’s expectations regarding Silver Elephant’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve 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 statements.
 
These factors should be considered carefully, and readers should not place undue reliance on the Silver Elephant’s forward-looking statements. Silver Elephant believes that the expectations reflected in the forward-looking statements contained in this news release and the documents incorporated by reference herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In addition, although Silver Elephant has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Silver Elephant undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.
 
 
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