940m Drilling Program Completed At Pero Target Within Pulacayo Project

VANCOUVER, - Silver Elephant Mining Corp. has completed a 940 meter diamond drilling program at the Pero target within its Pulacayo Project in Bolivia. Pero is located at the southeastern extension of the Pulacayo deposit which hosts an estimated NI43-101 Mineral Resource Estimate showing an Indicated resource of 70Moz Ag, 904Mlbs Zn, 386Mlbs Pb. Previous diamond drilling at the east extension of the Pulacayo deposit was directly along the main east-west trend of the main Tajo Vein system. The drill results showed increasingly erratic and narrowing mineralization along the eastward trend. However, geological mapping and surface sampling completed in late-2020 identified an area of silver bearing surface mineralization of up to 200 g/t silver several hundreds of meters south of the projected east-west Tajo Vein system trend, suggesting that the Tajo Vein system was offset southward in this portion of the system where strong alteration can be observed at surface covering 250 meters by 100 meters wide. This reinterpreted surface projection of the Tajo Vein system coincides with some historic Spanish workings in that area of property that date back to the 16th Century.