Precious Metals

Defiance is pleased to announce that it has commenced a drill program at the San Acacio Silver Project in the Zacatecas silver district. This drill program will target the expansion of the current deposit and will focus specifically on following up on the Esperanza and Almaden Targets. Previous drilling at Esperanza intersected 12.7m grading 297g/t …

Defiance is pleased to announce that it has commenced a drill program at the San Acacio Silver Project in the Zacatecas silver district.
This drill program will target the expansion of the current deposit and will focus specifically on following up on the Esperanza and Almaden Targets. Previous drilling at Esperanza intersected 12.7m grading 297g/t Silver Equivalent (“AgEq”).At Almaden, drilling returned 8.3m grading 278 g/t AgEq. Both of these targets are open to depth and along strike.
A third target that will be tested is the Quartz-Pyrite Breccia that was discovered in the Guadalupe area of the project. The Breccia exhibits signs that it may represent a completely new system richer in gold and zinc mineralization.
President and CEO of Defiance Silver Bruce Winfield commented:

“We are excited to commence drilling at the San Acacio deposit and to follow up on the many targets that exhibit the potential to dramatically increase the size of the current resource. The current focus continues to be on the portion of the San Acacio project that has returned strong results, namely beneath the 1.2 km of historic workings on the vein along with the newly defined Quartz-Pyrite Breccia target.”

Defiance drilling to date has extended mineralization below the base of the current resource in two of the past producing zones, Almaden and Guadalupe.
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