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Silver Elephant Mining Corp
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Silver Elephant Mining appoints Lightfoot as adviser

2021-07-19 10:33 ET - News Release

Mr. John Lee reports


Silver Elephant Mining Corp. has appointed Dr. Peter C. Lightfoot as a technical adviser for its Minago nickel project in the Thompson nickel belt in Canada.

Dr. Lightfoot, PGeo, is an independent consultant to the global minerals industry and is the founder/owner of Lightfoot Geoscience Inc., a consulting company providing services to companies exploring for magmatic nickel ore deposits. During a 20-year career as a geologist with Inco and Vale he was responsible for nickel exploration at Voisey's Bay, Sudbury and Carajas. Dr. Lightfoot was also involved in project generation, evaluation and technical support in Canada, Greenland, Scandinavia, Finland, China, India, Australia, Brazil, Angola, South Africa and the United States.

In 2016, Dr. Lightfoot published the first comprehensive textbook on the nickel-copper precious metal ore deposits of the Sudbury igneous complex. Also in 2016, he compiled and edited a special volume on gold deposits of China, published in Ore Geology Reviews. In 2017, Dr. Lightfoot was appointed as the Hutchinson visiting industry professor at the University of Western Ontario, where he is now an adjunct professor. Dr. Lightfoot received his BA in earth sciences from Oxford in 1980, his MSc degree from the University of Toronto in 1982 and his PhD from the Open University (United Kingdom) in 1985. He completed post-doctoral studies at the University of Toronto and undertook extensive research on the geology and geochemistry of the Noril'sk ore deposits during his tenure as an adjunct professor.

Dr. Lightfoot will assist the company with Minago exploration and nickel property evaluation for staking and acquisition in the Thompson nickel belt.

About the Minago project

The Minago project is located in the southern part of Manitoba's Thompson nickel belt, which is the fifth largest sulphide nickel belt in the world based on contained nickel endowment, containing over 18 nickel deposits and over five billion lbs of nickel production since 1959 (Naldrett, A.J., 2004, magmatic sulfide deposits; geology, geochemistry and exploration: Springer-Verlag, Berlin, 725 p.).

On July 6, 2021, Silver Elephant announced a mineral resource estimate for Minago prepared by Mercator and AGP with an effective date of July 2, 2021, that includes a measured and indicated mineral resource of 722 million pounds of nickel, and an inferred mineral resource of 319 million lbs of nickel at an average grade of 0.74 per cent nickel (mineral resources are not mineral reserves and do not have demonstrated economic viability). The Minago project has received over $40-million in investment since early 2000.

Manitoba Provincial Highway No. 6 and a high-voltage (230-kilovolt) transmission line both transect the Minago project. Minago has been demonstrated to produce a 22.3 per cent nickel concentrate based on representative feed of 0.54 per cent nickel through extensive metallurgical testing by SGS. Vale currently produces nickel concentrates in Thompson at the heart of the TNB, 270 kilometres northeast of the Minago project. Its nickel concentrates are shipped to its Sudbury smelter for processing to refined nickel.

Qualified person

The technical contents of this news release have been prepared under the supervision of Danniel Oosterman, vice-president of exploration. Mr. Oosterman is not independent of the company in that he is employed by it. Mr. Oosterman is a qualified person as defined by the guidelines in National Instrument 43-101.

About Silver Elephant Mining Corp.

Silver Elephant is a premier mining and exploration company in nickel, silver and vanadium.

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