Silver Elephant Mining Reaches High-Grade Silver Zone at Paca Apuradita Tunnel and Prepares for First Concentrate Sales in June | SILEF Stock News

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Jun 10, 2025
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  • Silver Elephant Mining Corp. (TSX: ELEF, OTCQB: SILEF, FSE: 1P2) accesses high-grade silver zone at Paca Apuradita Project, Bolivia.
  • Current stockpile of 150 tonnes, planned extraction rate of 50-100 tonnes per day with an average grade of 412 g/t Ag.
  • Toll milling and offtake agreements expected to be signed in June 2025.

Silver Elephant Mining Corp. has achieved a significant milestone at its Paca Apuradita Silver Project in the PotosĂ­ Department of Bolivia. The company has completed 157 meters of horizontal tunneling, accessing the high-grade silver zone and beginning the development of its first production stope. The current stockpile of high-grade material is approximately 150 tonnes and is growing each day.

The company plans to engage in toll milling and offtake agreements by June 2025, which will facilitate the processing and sale of mined materials. The Apuradita project targets an extraction rate of 50 to 100 tonnes per day, with calculated average grades of 412 g/t Ag, 1.09% Pb, and 0.38% Zn. Drill results from the site have shown promising silver grades, with some intercepts reaching up to 715 g/t Ag.

Silver Elephant Mining (ELEF) is utilizing third-party processing facilities in the PotosĂ­ region to convert the mineralized material into concentrates containing silver, lead, and zinc. The company emphasizes its commitment to local community support, employing Bolivian nationals, and receiving endorsement from local authorities and organizations.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.