Gallium and Indium Discovered at Silver Elephant’s (TSX:ELEF) Bolivian Mine


Silver Elephant Mining (TSX:ELEF) has announced the discovery of gallium and indium at its Pulacayo-Paca silver-lead-zinc project in Bolivia’s Potosi department. The company reported assay results showing gallium levels up to 34 g/t and indium levels up to 266 g/t over a 750-meter strike length.

The assays were conducted on 199 core samples from 12 diamond drill holes at the site. These samples were selected based on their proximity to previous drill holes that had shown promising results for gallium and indium. Earlier testing on those holes had revealed 99 meters containing 27.8 g/t gallium and 9.7 g/t indium.

According to Silver Elephant, the gallium and indium occurrences appear to correlate with zinc mineralization at the site. The company stated it will continue evaluating the potential of these elements, noting they could add significant value to any concentrate produced from future mining operations.

The Pulacayo-Paca project, Silver Elephant’s flagship operation, began production in October 2023. While primarily focused on silver, lead and zinc, these new findings suggest the possibility of additional valuable minerals at the site.

Bill Pincus, an independent consultant acting as a qualified person under NI 43-101 guidelines, supervised the technical aspects of this announcement. The company employed standard Quality Assurance/Quality Control protocols during the drilling campaigns, including the use of standards and blanks comprising 3-5% of analyzed material.

This announcement comes amid growing interest in gallium and indium, which are used in various high-tech applications including semiconductors and flat-panel displays. The discovery of these elements at an existing silver mine could potentially enhance the project’s economic viability.

It should be noted that while these initial results are promising, further testing and evaluation will be necessary to determine the full extent and economic potential of the gallium and indium mineralization at the Pulacayo-Paca project.

HOLE ID FROM m TO m WIDTH m Ag g/t Pb % Zn % Ga g/t In g/t
PUD156 247.3 248 0.7 934 5.67 6.16 4.56 266.00
11PUD231 30 31 1 1 0.53 0.01 7.58 12.25
11PUD231 42 43 1 1 0.65 0.02 10.05 14.55
11PUD231 48 49 1 2 1.56 0.02 34.80 42.40
11PUD231 101 102 1 108 1.91 8.71 5.56 38.40
11PUD231 111 112 1 345 5.83 10.85 8.83 74.80
11PUD231 119 120 1 145 2.20 1.23 10.20 29.00
PUD069 254 255 1 40 1.10 5.44 4.61 11.15
PUD069 278 279 1 44 0.17 6.65 2.42 20.30
PUD069 290 291 1 98 0.91 1.20 2.57 17.75
PUD069 296 297 1 620 0.44 8.79 3.04 16.40
PUD069 310 311 1 169 0.24 7.73 7.08 219.00
11PUD220 84 85 1 74 2.67 2.95 2.61 14.50
PUD046 227 228 1 54 1.02 4.35 3.90 10.30
PUD046 233 234 1 93 1.62 3.82 7.29 21.60
PUD046 261 262 1 106 1.47 1.81 1.84 20.80
PUD046 267 268 1 314 1.71 2.44 2.53 20.00
PUD046 273 274 1 62 0.96 4.91 4.61 37.50
PUD046 279 280 1 56 0.51 5.48 5.45 32.70
PUD046 285 286 1 199 1.99 6.70 3.77 29.50
PUD046 291 292 1 786 10.95 3.59 5.74 51.00
PUD046 296 297 1 >100 0.83 >10000 2.05 12.40
PUD098 63 64.15 1.15 77 1.74 3.89 2.93 12.60
PUD098 154 155 1 44 0.71 5.84 5.18 43.40
PUD098 159 160 1 1.29 0.15 0.66 4.64 14.00
PUD098 184 185 1 41 0.94 5.43 2.52 12.90
PUD098 190 191 1 650 10.90 12.95 6.84 83.90
PUD187 316 317 1 15 0.06 1.63 3.27 13.25
PUD267 33.5 35 1.5 40 1.22 1.21 3.78 15.90
HOLE ID FROM m TO m WIDTH m TRUE WIDTH m Ag g/t Pb % Zn %
PUD 156 241 278 37 22.78 74.65 0.33 0.82
including… 246.6 253 6.4 3.94 217.49 0.99 1.36
11PUD 231 21 23 2 0.94 199.5 9.35 0.06
11PUD 231 40 47 7 3.29 92 2.53 0.07
including… 45 46 1 0.47 407 6.72 0.07
101 106 5 2.35 54.4 1.07 3.32
109 114 5 2.35 96.4 1.77 4.7
117 120 3 1.41 79 1.37 4.45
PUD 069 276 306 30 22.98 413.9 3.59 1.2
11PUD 220 35.2 56 20.8 9.76 79.3 0.9 0.62
65 68 3 1.41 44.7 0.75 0.6
80 89 9 4.22 119.7 2.6 2.64
PUD 040 237 241 4 2.29 7.25 1.1 3.49
PUD 046 225 309 84 70.44 106.29 0.86 2.26
including… 284 303 19 15.93 258.47 1.8 2.85
PUD 187 315 317 2 1.53 13.5 0.08 1.74
324 326 2 1.53 7 0.01 1.14
PUD 267 31.5 67 35.5 25.10 54.3 4.31 0.92
including… 48 58 10 7.07 146.7 9.79 1.97
PUD 267 117 123 6 4.24 47.8 1.11 0.25
including… 121 122 1 0.71 238 3.61 0.86
127.5 131 3.5 2.47 1.3 1.45 0.25
139.5 142 2.5 1.77 2.4 1.68 0.2
PUD 271 123 126 3 2.12 1 0.005 0.012
PUD 098 178 215 37 29.93 48.8 1.06 2.9
Including… 189 193 14 11.33 304.4 5.15 10.69
PND 108 15 65 50 48.30 135 1.42 0.4
including… 33 57 24 23.18 200 2.12 0.6
and… 33 43 10 9.66 257 1.49 0.41
94 96 2 1.93 160 0.52 0.94
PND 110 9 182 173 122.33 95 1.4 1.63
incl… 9 98 89 62.93 279 1.17 1.28
and… 9 28 19 13.43 718 0.74 0.05
and… 9 12 3 2.12 145 0.9 0.07
and… 16 28 12 8.49 1085 0.71 0.04
and… 44 180 138 97.58 87 2.01 1.59
and… 44 46.5 2.5 1.77 111 1.09 0.61
and… 44 98 54 38.18 98 1.52 2.03
and… 52 54 2 1.41 115 1.33 1.61
and… 60 82 22 15.56 328 1.43 1.98
and… 61 65 4 2.83 1248 2.88 1.93
and… 86 94 8 5.66 270 2.74 2.83
and… 97 98 1 0.71 155 3.03 3.26
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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