Silver Elephant Finds Large Geophysical Anomaly 300 Meters North of Tajo Vein at Pulacayo Silver Project, Drilling to Commence in July morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Silver Elephant Plans to Announce Minago Nickel Project Mineral Resource Estimate in June For Nickel Spinout
ACCESSWIRE
17 May 2021, 22:31 GMT+10
VANCOUVER, BC / ACCESSWIRE / May 17, 2021 / Silver Elephant Mining Corp. ( Silver Elephant or the Company ) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces that the Company and its wholly owned Canadian subsidiary Flying Nickel Mining Corp. ( Flying Nickel ) have commissioned an independent Mineral Resource Estimate ( MRE ) in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ( NI 43-101 ) for the Minago nickel project ( Minago ) located in Manitoba, Canada.
The MRE will be prepared in collaboration between Mercator Geological Services Limited ( Mercator ), AGP Mining Consultants ( AGP ) and Stantec and is expected to be completed in June, 2021 to support the proposed Flying Nickel spin-out.
Silver Elephant Plans to Announce Minago Nickel Project Mineral Resource Estimate in June For Nickel Spinout pittsburghstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pittsburghstar.com Daily Mail and Mail on Sunday newspapers.
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VANCOUVER, BC / ACCESSWIRE / May 14, 2021 / Silver Elephant Mining Corp. ( Silver Elephant or the Company ) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) announces it is planning to spin out Flying Nickel Mining Corp. and Nevada Vanadium Mining Corp., two Canadian companies wholly owned by Silver Elephant. Doing so will return Silver Elephant to being a dedicated silver investment vehicle.
John Lee, CFA, Silver Elephant s Chairman states: Silver Elephant is moving toward a pure silver play with proposed spinouts of its non-silver assets. The Company will focus on resource expansion and environmental permitting of our flagship Pulacayo silver project in Bolivia. Pulacayo hosts 107 million oz of silver in the indicated category according to Mercator technical report dated October 13, 2020. $35 million has been invested at Pulacayo with over 100,000 meters of drilling.
Silver Elephant Mining Corp.: Silver Elephant s Sunawayo Drills 87g/t Indium, 7g/t Gallium, 48g/t Silver (252g/t AgEq) over 9 Meters within 31 Meters Grading 119 g/t AgEq
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Reported intercepts are core-lengths and not true-widths; based on core-angle measurements, true widths range from 80% to 85% of reported core length. AgEq calculation uses a silver price of $25.00/oz., a zinc price of $1.10/lb., a lead price of $0.80/lb. and a copper price of $3.00/lb., indium price of $190.34/kg, and gallium price of $320.38/kg (all USD) and assumes 100% metallurgical recovery as no metallurgical studies have been conducted on the project, and do not reliably reflect expected metallurgical results. Silver equivalent values are calculated using the following formula: AgEq = Ag g/t + (Zn % x 30.1644) + (Pb % x 21.9377) + (Cu% x 82.2665) + (In g/t x 0.2368) + (Ga g/t x 0.3986). Coordinates in UTM WGS83 Z19S. Reported results do not define a mineral resource and it is uncertain if further explo