Silver Elephant Mining Corp (TSE:ELEF)
Silver Elephant Mining Corp (TSX: ELEF, OTC: SILEF), is a Toronto Stock Exchange listed company advancing its 100% controlled Pulacayo silver mining project in Bolivia. (rated 2nd largest silver mine in the world based on historical production)
Silver Elephant’s Pulacayo silver project features diamond drill intercept of 1,030 g/t Ag over 25 meters, a starter resource of 31 million oz indicated at 455g/t, and 27 million oz inferred*. Only 30% of the known mineralization is drilled. Pulacayo is near New Pacific’s major silver discovery in Potosi. ELEF at $40 million market capitalization is selling at 1/20th of NUAG’s valuation which is $780 million.
Silver Elephant’s 2020 objective is to explore Pulacayo district with the potential for multiple high-grade silver discoveries.
The project has access to power, water, rail, and port shared with Sumitomo’s San Cristobal mega silver open-pit mine.
Silver Elephant is one of Pulacayo town’s largest employers.
The project receives Pulacayo community support and government endorsement.
Silver Elephant is managed by mine builders and governed by industry-renowned directors from Barrick Gold Corp, Klondex Mines Ltd, Tahoe Resources Inc, and Bear Creek Mining Corp.
Mr. Eric Sprott owns 7% of Silver Elephant, Company insiders own a further 10% of Silver Elephant, which has no bank debt and approximately 138 million shares outstanding.