Thursday, October 14, 2021


Silver Elephant Broadcasts Submitting of Preliminary Financial Evaluation for the Gibellini Vanadium Venture, Nevada, USA

VANCOUVER, BC / ACCESSWIRE / October 14, 2021 / Silver Elephant Mining Corp. (“Silver Elephant” or the “Firm”) (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) is…

By Staff , in Silver , at October 14, 2021


VANCOUVER, BC / ACCESSWIRE / October 14, 2021 / Silver Elephant Mining Corp. (“Silver Elephant” or the “Firm”) (TSX:ELEF)(OTCQX:SILEF)(Frankfurt:1P2N) is happy to announce that, additional to its press launch dated August 30, 2021, it has filed its impartial Technical Report titled “Gibellini Vanadium Venture, Eureka County, Nevada, NI 43-101 Technical Report on Preliminary Financial Evaluation Replace” (the “Report”) with a report date of October 8, 2021 and an efficient date of August 30, 2021. The Report was ready by Wooden Group USA, Inc (Wooden) and Mine Technical Providers Ltd. (MTS). The report has been filed beneath the Firm’s profile on the System for Digital Doc Evaluation and Retrieval at www.sedar.com.

About Silver Elephant

Silver Elephant Mining Corp. is a premier mining and exploration firm in nickel, silver, and vanadium.

Additional data on Silver Elephant could be discovered at www.silverelef.com.

SILVER ELEPHANT MINING CORP

ON BEHALF OF THE BOARD

“JOHN LEE”
CEO and Chairman

For extra details about Silver Elephant, please contact Investor Relations: +1.604.569.3661 ext. 101 [email protected], www.silverelef.com.

Neither the Toronto Inventory Alternate nor its Regulation Providers Supplier (as that time period is outlined within the 11 / 12 Silver Elephant Mining Corp https://www.silverelef.com insurance policies of the Toronto Inventory Alternate) accepts accountability for the adequacy or accuracy of this launch.

Cautionary Word Concerning Ahead-Trying Statements

Ahead-looking statements on this information launch relate to future occasions or future efficiency and mirror present estimates, predictions, expectations or beliefs relating to future occasions and embody, however are usually not restricted to, statements with respect to: (i) the 2021 PEA representing a viable growth choice for the Gibellini challenge; (ii) building of mining challenge operations and associated actions; (iii) estimates of the capital prices of developing mine services and bringing a mine into manufacturing, of sustaining capital and the length of financing payback intervals; (iv) the estimated quantity of future manufacturing, each produced and metallic recovered; and (vi) lifetime of mine estimates and estimates of working prices and complete prices, money move, web current worth and financial returns together with inner fee of return estimates from an working mine constructed on the Gibellini challenge. All forward-looking statements are primarily based on Silver Elephant’s or its consultants’ present beliefs in addition to numerous assumptions made by them and knowledge at present accessible to them. Probably the most vital assumptions are set forth above, however usually these assumptions embody: (i) the presence of and continuity of vanadium mineralization on the Gibellini challenge at estimated tonnages and grades; (ii) the geotechnical and metallurgical traits of rock conforming to sampled outcomes; (iii) infrastructure building prices and schedule; (iv) the supply of personnel, equipment and tools at estimated costs and inside the estimated supply instances; (v) forex trade charges; (vi) vanadium sale costs; (vii) acceptable low cost charges utilized to the money flows within the financial evaluation; (viii) tax charges relevant to the proposed mining operation; (ix) the supply of acceptable financing on affordable phrases; (x) projected restoration charges and use of a course of technique, that though well-known and confirmed on different commodity sorts corresponding to copper, has not been beforehand introduced into manufacturing for a vanadium challenge; (xi) affordable contingency necessities; (xii) success in realizing proposed operations; and (xiii) assumptions that challenge environmental approval and allowing can be forthcoming from county, state and federal authorities. The financial evaluation is partly primarily based on Inferred Mineral Assets which can be thought of too speculative geologically to have the financial issues utilized to them that may allow them to be categorized as Mineral Reserves, and there’s no certainty that the2021 PEA primarily based on these Mineral Assets can be realized. At the moment there are not any Mineral Reserves on the Gibellini property. Though the Firm’s administration and its consultants think about these assumptions to be affordable primarily based on data at present accessible to them, such assumptions could show to be incorrect. Many forward-looking statements are made assuming the correctness of different forward-looking statements, corresponding to statements of web current worth and inner charges of return, that are primarily based on a lot of the different forward-looking statements and assumptions herein. The price estimate and financial evaluation data was ready utilizing present values, however the time for incurring the prices can be sooner or later and it’s assumed prices will stay steady over the related interval. These elements needs to be thought of rigorously, and readers shouldn’t place undue reliance on Silver Elephant’s or its consultants’ forward-looking statements. Silver Elephant and its consultants consider that the expectations mirrored within the forward-looking statements contained on this information launch and the paperwork included by reference herein are affordable, however no assurance could be on condition that these expectations will show to be right. As well as, though Silver Elephant and its consultants have tried to establish essential elements that might trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different elements that trigger actions, occasions or outcomes to not be as anticipated, estimated or meant. Silver Elephant and its consultants undertake no obligation to launch publicly any future revisions to forward-looking statements to mirror occasions or circumstances after the date of this information or to mirror the incidence of unanticipated occasions, besides as expressly required by regulation. Powered by TCPDF (www.tcpdf.org)

SOURCE: Silver Elephant Mining Corp.

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https://www.accesswire.com/668198/Silver-Elephant-Broadcasts-Submitting-of-Preliminary-Financial-Evaluation-for-the-Gibellini-Vanadium-Venture-Nevada-USA



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