Defiance Silver's San Acacio Project: A Premier Silver Deposit with significant exploration potential in Zacatecas Mexico
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January 11, 2018 - MONTREAL, QUEBEC, MomentumPR’s client, Defiance Silver, is listed on the TSX Venture exchange under the symbol: DEF.
Momentum PR is pleased to have produced an informative and comprehensive report on Defiance Silver, available on the Momentum PR website.
Defiance Silver Highlights
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-Silver explorer and developer advancing the San Acacio Deposit, located in the historic Zacatecas Silver District of central Mexico.
-Deposit covers 65% of the entire Veta Grande vein system which has produced over 200 M oz of silver since its discovery in 1546.
-San Acacio Mine which has produced 100 Million Ounces of Silver is Two/Thirds Unexplored
-Commenced the first systematic drill program in the Veta Grande vein east of San Acacio, with the potential to dramatically to increase the district's silver footprint. Over 75% of the DEF holdings have not seen historical production nor been systematically explored.
-Future plans include consolidating neighboring concessions within the Zacatecas Silver District including the Veta Grande Vein Structure and continue drilling along strike at depth to grow the resource. Currently Commencing Phase II
-2014 resource estimate of 17mil oz AgEq does not include 2017 results.
Defiance Silver, (TSXV: DEF, OTC: DNCVF, FRA: D4E,) a Canadian junior exploration and development company has expanded the mineralization envelope by 230 meters at its San Acacio Deposit in Zacatecas, Mexico.
The property currently has almost 18 million ounces of indicated and inferred silver equivalent and Peter J. Hawley, P. Geo., with more than 20 years experience in Mexico, founder of Scorpio Mining Corp., now Americas Silver Corp and Defiance Silver's Chairman, thinks that can be expanded to 50 million ounces through the company’s aggressive exploration campaign.
He describes the deposit like this: “Mexico has been pretty well explored for silver. San Acacio and the Veta Grande vein system it rests on is the last great high-grade silver vein to be explored and developed.” He has also described the project as a “bit of a hidden gem.”
The project is located in the central Mexican state of Zacatecas, the most prolific silver producing region in Mexico. The San Acacio mine contains 10 mineral concessions spread over 750 hectares and contains two/thirds of the Veta Grande Vein system. Historically the property has produced over 200 million ounces of silver with 100 million of that coming from San Acacio.
Defiance recently finished its phase one drilling campaign and Hawley says, “We had some very, very good holes.” Drilling result highlights included discovering a 3 meter intersection grading 404 g/t AgEq within a longer 10 meter intersection grading 204.65 g/t AgEq. The main purpose of phase one was to expand the mineralized envelope and the campaign succeeded. The campaign found extended mineralization going down to 230 meters below the current resource.
The phase two drilling started on October 31, 2017 and consists of a 5,000m program spread over three months. It targets a 900m section of the Veta Grande to the southeast of the San Acacio deposit. While phase one and two are designed to extend known mineralization phase three will concentrate on exploring the 3.5km southeast extension of the Veta Grande which has never been explored. Hawley believes the next resource estimate should be significantly larger and the company is hard at work to make it so.
Defiance Silver trades on the TSXV as DEF. As of January 3rd, 2018, it closed at CAD$0.33 and has a 52-week high of CAD$0.45 and a low of CAD$0.215. The company has 98.1 million shares outstanding, and a market cap of CAD$33.84 million.
The Momentum PR informative and comprehensive report on Defiance Silver is available on the Momentum PR website.
If you would like more information on Defiance Silver; listed on the TSX Venture exchange under the symbol DEF or would like to arrange an interview with management please contact:
Momentum PR
Jonathan Williams, Managing Director
+1.450.332.6939
media@momentumpr.com
info@momentumpr.com
http://momentumpr.com/
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