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.

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.