VANCOUVER, BC / ACCESSWIRE / August 26, 2015 / Defiance Silver Corp (TSXV: DEF) (OTC: DNCVF) ("Defiance") is pleased to report the results from a further three holes drilled at the San Acacio deposit. Drilling continues to prove that mineralization continues at depth and along strike beyond the current resource at both wide widths and strong grades.
Detailed assaying of geochemical anomalies in Hole SAD 15-07 produced intersections of 3.6m grading 223 g/t AgEq, and 2.4 m grading 222.08 g/t AgEq. This is a new vein in the Hanging Wall in addition to the lower San Acacio vein intersection reported previously in News Release July 7, 2015, of 7.4m grading 264.54 g/t AgEq within an overall vein intersection of 21.1m grading 130.6 g/t AgEq.
Hole SAD15-06 returned two wide vein intersections of 7.3m and 11.5m on a hanging wall and San Acacio veins respectively. Both Hole SAD15-06 and SAD 15-07 were drilled beneath the lower limits of the current resource and will further increase the resource.
Bruce Winfield, President & CEO of Defiance stated, "We are very pleased that the results continue to include wide widths of strong silver mineralization on the main San Acacio vein up to 190m below the current resource limit. The discovery of new veins is exciting with four of the eight holes drilled to date intersecting multiple veins with potential to increase the resource as well. We also have identified a later Phase II mineralization that is enriched in gold-zinc-lead relative to the historical production at the San Acacio Mine. These exciting results encourage us to continue drilling to expand the zone of mineralization both along strike and down dip."
Results are provided in the following table:
| Hole # |
From
(m) |
To
(m) |
Length
(m)* |
Ag,
g/t |
Au,
g/t |
Cu,
% |
Pb,
% |
Zn,
% |
Ageq
g/t** |
| SAD15-05 |
148 |
155.4 |
7.4 |
18.51 |
0.067 |
0.008 |
0.064 |
0.140 |
31.4 |
| SAD15-05 |
176.6 |
185.8 |
9.2 |
10.40 |
0.041 |
0.01 |
0.01 |
0.07 |
17.6 |
| SAD15-06 |
178 |
185.3 |
7.3 |
109.21 |
0.129 |
0.01 |
0.04 |
0.09 |
124.5 |
| Including |
178 |
179.5 |
1.5 |
144.19 |
0.029 |
0.012 |
0.056 |
0.091 |
152.7 |
| Including |
183.8 |
185.3 |
1.5 |
335.86 |
0.514 |
0.011 |
0.093 |
0.196 |
385.2 |
| SAD15-06 |
219.5 |
231 |
11.5 |
20.06 |
0.390 |
0.026 |
0.043 |
1.537 |
108.73 |
| Including |
224.0 |
231.0 |
7 |
19.88 |
0.571 |
0.030 |
0.062 |
2.354 |
152.56 |
| SAD15-07 |
136.4 |
140 |
3.6 |
211.49 |
0.0001 |
0.009 |
0.109 |
0.198 |
223.00 |
| Including |
138.9 |
140 |
1.1 |
548.29 |
0.0002 |
0.010 |
0.137 |
0.237 |
562.30 |
| SAD15-07 |
147.1 |
149.5 |
2.4 |
149.16 |
0.0002 |
0.0183 |
0.422 |
1.592 |
222.08 |
| SAD15-07 |
185.4 |
206.5 |
21.1 |
70.84 |
0.237 |
0.03 |
0.35 |
0.77 |
130.6 |
| Including |
199.1 |
206.5 |
7.4 |
158.75 |
0.522 |
0.068 |
0.809 |
1.83 |
264.54 |
| SAD15-08 |
319.3 |
326.6 |
7.3 |
13.76 |
0.00 |
0.020 |
0.090 |
0.324 |
30.5 |
| |
|
|
|
|
|
|
|
|
|
*True Widths are approximately 70% to 80% of each intersection.
**Reported for comparison only, with no assumptions regarding metal recovery or smelter payments. Prices used are Au: $1210.50/ounce, Ag: $16.33/ounce, Cu; $2.80/pound, Pb; $0.83/pound and Zn $0.95/pound in US$.
Exploration efforts are being conducted under the direct supervision of Rick Tschauder, B.Sc. Defiance's Vice President Exploration. President and CEO Bruce Winfield P.Geo, a qualified person as defined by NI 43-101, is responsible for the program and preparation of the above information.
A Panoramic Video on the San Acacio Deposit is available on our website, or Click Here to visit our Defiance YouTube Channel. Defiance Silver Corp. is a silver explorer and developer advancing the San Acacio Deposit, located in the historic Zacatecas Silver District of central Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring and developing 11 operating mines to date. Defiance's corporate mandate is to expand San Acacio to become one of Mexico's premier high grade wide vein silver deposits. For more information on the property or Defiance, please visit Defiance's website at www.DefianceSilver.com.
On behalf of Defiance Silver Corp.
"Bruce Winfield"
President and CEO
For more information, please contact:
Sunny Pannu - Corporate Development
(604) 669 7315
or via email at info@defiancesilver.com
1610 - 409 Granville Street
Vancouver, BC V6C 1T2
www.defiancesilver.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Defiance Silver Corp.