Defiance Silver Increases Grade and Resource at San Acacio

Defiance Silver (TSXV:DEF) announced that an inferred resource estimate has been completed for the San Acacio deposit. This has updated and increased its initial indicated and inferred resource estimate for the project.

As quoted in the press release:

Defiance has updated its previous Indicated and Inferred Mineral Resource to ensure its consistency with the current mining environment and metals economics. The updated Resource increased the Silver Equivalent Cut-off Grade by 54% resulting in a new Silver Equivalent Grade of 192.50 g/t Ag. Total contained Silver Equivalent ounces increased to 17,961,000.

Defiance silver president and CEO, Bruce Winfield, said:

We are extremely pleased to have completed a new resource. This estimate is based on our updated geologic analysis of the San Acacio deposit and inclusion of trenching data which has resulted in the identification of three veins, with the Veta Grande (Veta G) being the most significant. By applying a higher cut-off to reflect an underground mining scenario, the silver grade has increased significantly from the previous 43-101 resource while maintaining the integrity of the mineralization.

Click here to read the Defiance Silver (TSXV:DEF) press release