Exhibit 99.1
Silver Elephant Appoints Peter Lightfoot as Technical Advisor for
its Minago Nickel Project in the Thompson Nickel Belt
Vancouver, British Columbia, July 19, 2021 – Silver Elephant
Mining Corp. (“Silver Elephant” or “the
Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) is
pleased to announce the appointment of Dr. Peter C. Lightfoot as a
technical advisor for its Minago nickel project in the Thompson
nickel belt in Canada.
Dr.
Peter C. Lightfoot, P.Geo. 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. Peter
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, Peter published the first comprehensive textbook on the
Ni-Cu-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. Peter received his B.A. in Earth Sciences from
Oxford in 1980, his M.Sc. degree from the University of Toronto in
1982 and his Ph.D from the Open University (U.K.) 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 (“TNB”), which is
the fifth largest sulphide nickel belt in the world based on
contained nickel endowment, containing over 18 nickel deposits and
over 5 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 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 lbs of nickel, and an Inferred Mineral
Resource of 319 million lbs of nickel at an average grade of 0.74%
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 6 and a high-voltage (230 kV)
transmission line both transect the Minago project. Minago has been
demonstrated to produce a 22.3% nickel concentrate based on
representative feed of 0.54% nickel through extensive metallurgical
testing by SGS. Vale currently produces nickel concentrates in
Thompson at the heart of the TNB, 270 km northeast of the Minago
project. Its nickel concentrates are shipped to its Sudbury smelter
for processing to refined nickel.
Qualified Persons
The technical contents of this news release have been prepared
under the supervision of Danniel Oosterman, VP Exploration. Mr.
Oosterman is not independent of the Company in that he is employed
by it. Mr. Oosterman is a qualified person (“QP”) as
defined by the guidelines in NI 43-101.
About Silver Elephant
Silver Elephant Mining Corp. is a premier mining and exploration
company in nickel, silver, and vanadium.
Further information on Silver Elephant can be found at
www.silverelef.com.
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
John Lee
Executive Chairman
For more information about Silver Elephant, please contact Investor
Relations:
+1.604.569.3661 ext. 101
ir@silverelef.com www.silverelef.com
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Stock Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including
statements which may contain words such as “expects”,
“anticipates”, “intends”,
“plans”, “believes”,
“estimates”, or similar expressions, and statements
related to matters which are not historical facts are
forward-looking information within the meaning of applicable
securities laws. Such forward-looking statements, which reflect
management’s expectations regarding Company’s future
growth, results of operations, performance, and business prospects
and opportunities, are based on certain factors and assumptions and
involve known and unknown risks and uncertainties which may cause
the actual results, performance, or achievements to be materially
different from future results, performance, or achievements
expressed or implied by such forward-looking
statements.
These factors should be considered carefully, and readers should
not place undue reliance on the Company’s forward-looking
statements. The Company believes that the expectations reflected in
the forward-looking statements contained in this news release and
the documents incorporated by reference herein are reasonable, but
no assurance can be given that these expectations will prove to be
correct. In addition, although the Company has attempted to
identify important factors that could cause actual actions, events,
or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events, or results not to be as anticipated, estimated, or
intended. The Company undertakes no obligation to publicly release
any future revisions to forward-looking statements to reflect
events or circumstances after the date of this news or to reflect
the occurrence of unanticipated events, except as expressly
required by law.