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Defiance Silver CEO Pleased With NI 43-101 Compliant Resource Estimate for San Acacio Mine
Oct. 25, 2012 10:47AM PST
Silver InvestingDefiance Silver Corp. (TSXV:DEF) announced that AGP Mining Consultants Inc. has finished a NI 43-101 compliant indicated and inferred resource estimate for its Mexico-based San Acacio deposit. The company plans to continue advancing the mine toward production and expanding its resource base.
Defiance Silver Corp. (TSXV:DEF) announced that AGP Mining Consultants Inc. has finished a NI 43-101 compliant indicated and inferred resource estimate for its Mexico-based San Acacio deposit. The company plans to continue advancing the mine toward production and expanding its resource base.
According to the press release, highlights of the results include:
The base case for reporting the mineral resource estimate used a silver equivalent (“AgEq”)* cut –off grade of 65 grams tonne (“g/t”).
Bruce Winfield, president and CEO of Defiance, commented:
We are extremely pleased to have reached this milestone of a 43-101 compliant resource for the San Acacio Mine. The high grade of the mineralized backfill indicates the high grade nature of the ore shoots previously mined within the deposit. We look forward to releasing additional news as Defiance aggressively continues advancing the San Acacio Mine towards production and expanding the resource base.
Click here to read the full Defiance Silver Corp. (TSXV:DEF) press release.
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