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Defiance Silver Corp.
Summary
| Project: | San Acacio | |
|---|---|---|
| Deposit: | San Acacio | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Lead-Zinc-Copper | |
| Date: | 10/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-10-2017: Defiance Silver Corp. announces an Exploration/Drilling Update report for its San Acacio deposit at the San Acacio project. Drilling results incl. 10.00m @ 171.22g/t Ag, 0.08g/t Au. 0.01% Cu, 0.27% Pb, 0.42% Zn from 261m. Defiance Silver Corp. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bruce Winfield (Internal) | |
| ABSTRACT: | Defiance Silver Corp. (“Defiance”) is pleased to announce results from the final holes of its Phase 1 drilling program. “We are very pleased with our continued exploration success at San Acacio. The Phase 1 results significantly expanded the mineralized envelope of the San Acacio silver deposit. Mapping and mineralogical studies indicate that the mineralized system hosting the San Acacio deposit is tilted to the southeast. This suggests that drilling along strike could result in the discovery of new mineralized zones containing the full vertical extent of the mineralizing system. Our next step is to prepare for the commencement of an aggressive Phase II drill program targeting new high grade shoots within the 900 meter extension of the Veta Grande vein system to the southeast of the San Acacio deposit.” stated Roy Bonnell, President and CEO of Defiance Silver Corp. Along the entire Veta Grande vein, which pinches and swells along strike, approximately 200 million ounces of silver was historically produced from high grade shoots in the swells. Defiance’s portion of the Veta Grande vein has produced an estimated 100M ounces from highgrade shoots such as those that host the San Acacio deposit. Over 4.4 km of Defiance’s 5.6 km holdings along the Veta Grande vein have not seen historical production nor been systematically explored. Mapping, sampling and drilling has indicated that pinching and swelling continues along strike, presenting significant potential for the discovery of multiple, new, intact silver shoots. | |
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