Five Holes Drill On El Triunfo West Block

VANCOUVER - Silver Elephant Mining Corp. reported on diamond drilling at the El Triunfo gold-silver project located 75 km east of La Paz city, Bolivia. Five holes totaling 1,500 meters were drilled on El Triunfo West Block (TWB) and newly discovered El Triunfo East Block (TEB) based on induced polarization ("IP") geophysical anomalies identified in 2021.

TR-009 encountered 14 meters of 2.5 g/t AuEq and TR010 drilled 1.2 meters of 7.7 g/t within 45 meters grading 0.7 AuEq. TR009 and TR010 were drilled at eastern and western edges of the Triunfo West block (known strike 750 meters, "TWB") and successfully expanded the mineralized width and open up the exploration prospects immediately west of the TWB.

TR011, -012, -013 are drilled at wide spacing at the Triunfo East block ("TEB"), a 1.5 kilometer extension to the TWB that is separated by a fault that resulted in this area being previously unexplored until recently. TR-011 encountered separate intersections of 2 meters of 2.87 g/t AuEq (0.42 g/t Au, 81 g/t Ag, 2.04% Pb, 4 meters of 1.72 g/t AuEq (0.34 g/t Au, 46 g/t Ag, 1.16% Pb, 0.78% Zn), and 1.29% Zn), and 1 meter of 3.5 g/t AuEq (1.4 g/t Au, 75 g/t Ag, 1.82% Pb, and 2.35% Zn) within 298 meters grading 0.14 AuEq, starting from 2 meters downhole. TR-012 encountered 2 meters of 1.3 g/t AuEq (0.94 g/t Au, 11 g/t Ag, 0.30% Pb, 0.21% Zn), 1 meter of 2.76 AuEq (0.34 g/t Au, 45 g/t Ag, 1.15% Pb, 3.04% Zn), 1 meter of 3.4 AuEq (2.7 g/t Au, 26 g/t Ag, 0.671% Pb, 0.583% Zn), and 2 meters of 2.1 g/t AuEq (1.54 g/t Au, 12 g/t Ag, 0.47% Pb, and 0.76% Zn). TR-013 encountered 25.7 meters of 1.1 g/t AuEq (0.4 g/t Au, 27 g/t Ag, 0.88% Pb, 0.58% Zn), 3 meters of 3.3 AuEq (1.1 g/t Au, 74 g/t Ag, 2.82% Pb, 1.47% Zn), and 2.6 meters of 1.98 AuEq (0.13 g/t Au, 70.3 g/t Ag, 1.72% Pb, 0.68% Zn).

John Lee, CEO, said, “The results from drill holes TR-011, TR-012 and TR-013 triples the strike length of the Truinfo polymetallic target which is now over 2 kilometers long and indicate that a large mineralizing system is present with notable high grade intercepts. Additional geologic work will be conducted to determine the lithologic and structural controls of the mineralization to come up with high grade drill targets.”