Silver Elephant Mining Corp.: An Update on the Paca Apuradita Silver Project in Bolivia
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2), a mineral exploration company, recently provided an update on the progress of its sulphide mining operation at the Paca Apuradita Silver Project, located in the Potosi Department of Bolivia. The Apuradita mining claim is registered under Silver Elephant’s Bolivian subsidiary with the Bolivian Jurisdictional Administrative Mining Authority (AJAM).
Background of the Paca Apuradita Silver Project
The Paca Apuradita Silver Project is a high-grade, epithermal silver-zinc-lead-gold deposit. The property is situated in the Department of Potosi, Bolivia, and is accessible by a network of roads. The project covers an area of approximately 1,800 hectares and has the potential to produce silver, zinc, lead, and gold.
Recent Developments at the Paca Apuradita Silver Project
Since the Company’s last update on July 8, 2024, Silver Elephant has made significant progress at the Paca Apuradita Silver Project. The Company has completed the construction of the sulphide processing plant, which has a capacity of 300 tonnes per day (tpd). The plant utilizes a flotation process to extract silver, zinc, and lead from the sulphide ore.
Additionally, the Company has initiated the commissioning process of the plant, which includes the testing of various process flows and the optimization of operating conditions. The commissioning process is expected to be completed by the end of Q2 2025.
Impact on Silver Elephant and the Mining Industry
The successful commissioning and operation of the Paca Apuradita Silver Project will significantly boost Silver Elephant’s revenue and cash flow. The project is expected to produce approximately 1.5 million ounces of silver, 32 million pounds of zinc, and 34 million pounds of lead annually. This production will contribute to the Company’s growth and strengthen its position in the mining industry.
Impact on the Global Economy
The Paca Apuradita Silver Project will also have a positive impact on the global economy, particularly in the areas of trade and employment. The project will generate significant exports of silver, zinc, and lead, which will contribute to the Bolivian economy and potentially stimulate trade between Bolivia and other countries.
Furthermore, the operation of the Paca Apuradita Silver Project is expected to create employment opportunities in the local community. The Company has already hired over 200 employees and plans to increase this number as the project ramps up to full production.
Conclusion
Silver Elephant Mining Corp.’s Paca Apuradita Silver Project in Bolivia is set to begin commercial production following the successful commissioning of its sulphide processing plant. This development will significantly boost the Company’s revenue and cash flow and contribute to the global economy through exports and employment opportunities. The successful operation of the Paca Apuradita Silver Project is a testament to Silver Elephant’s commitment to sustainable mining practices and its dedication to unlocking the potential of Bolivia’s mineral resources.
- Silver Elephant Mining Corp. provides update on Paca Apuradita Silver Project in Bolivia
- Construction of sulphide processing plant completed with 300 tpd capacity
- Commissioning process underway, expected to be completed by end of Q2 2025
- Project to produce approximately 1.5 million ounces of silver, 32 million pounds of zinc, and 34 million pounds of lead annually
- Positive impact on Silver Elephant’s revenue and cash flow
- Contributes to the global economy through exports and employment opportunities
