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Defiance discovers high-grade zones in unsampled drill core

Jonathon Brown, The Market Online

0 Comments| October 2, 2023

Defiance Silver (TSXV:DEF) shared new sampling of drill cores that revealed high grade and wide zones within the San Acacio project area
Defiance geologists identified and targeted favourable structural positions and mineralization styles that were overlooked in historic sampling campaigns
The company designed re-logging and sampling of historic drill holes was to identify and sample mineralization that was not analyzed during previous drill campaigns
Defiance Silver Corp. last traded at $0.13 per share

Defiance Silver (TSXV:DEF) shared new sampling of drill cores that revealed high grade and wide zones within the San Acacio project area.

Defiance geologists identified and targeted favourable structural positions and mineralization styles that were overlooked in historic sampling campaigns.

Click to enlarge — Plan map of drilling at the San Acacio project. Drill holes reported in this release, which are historic holes with new assay results from unsampled intervals, are shown in yellow. Drill holes with pending (to be results from recent drilling are shown in green. Coordinates are in UTM WGS84 Zone 13N. Source: Defiance Silver Corp.

The Vancouver-based miner designed re-logging and sampling of historic drill holes was to identify and sample mineralization that was not analyzed during previous drill campaigns.

The updated geologic models and new assays confirm for the team and expand upon the mineralized vein splays and veinlet zones that were identified during recent drilling campaigns. These zones of high-grade silver veinlets and stockwork zones are significant ongoing exploration targets and are being incorporated into the deposit model.

Highlights:

SAD-17-14 – discovered wide widths of appreciable grades including 6.83 metres of 157 g/t AgEq (from 283.21 – 290.04 metres) including 2.30 metres of 376 g/t AgEq (from 284.65 – 286.95 metres) with a high-grade sub interval of 1180.00 g/t Ag and 2.23 g/t Au or 1369 g/t AgEq (from 284.65 – 285.00 metres)
SAD-17-15 – returned a significant interval of silver mineralization of 36.70 metres of 154.80 g/t Ag or 162 g/t AgEq (from 191.30 – 228.00 metres) when composited with the previously released results
SAD-17-16 – encountered 2.31 metres of 202 g/t AgEq (from 219.40 – 221.71 metres) in the Veta Navidad zone
SAD-15-06 – returned 2.50 metres of 127 g/t AgEq (from 155.00 – 157.50 metres) in a hanging-wall (HW) veinlet-array splay zone
SAD-15-07 – intersected 1.12 metre of 267 g/t AgEq (from 156.35 – 157.47 metres), as well as a 3.77 metres interval of 123 g/t AgEq from 166.07 – 169.84 metres
SAD-15-08 – a 1.63 metre interval returned 165 g/t AgEq (from 97.65 – 99.28 metres) and a 1.54 metre interval of 212 g/t AgEq (from 131.15 – 132.69 metres) in the Veta Navidad zone

“Multiple years of technical analysis have outlined and confirmed that resource building targets exist in the hanging-wall and footwall of the main Veta Grande structure,” the company’s chairman and CEO, Chris Wright commented in a news release. “Our team has diligently built a comprehensive geologic model that has led to the intersection of wide intervals and high-grade mineralization.”

Select table of results:

Hole ID	From (m)	To (m)	Interval (m)	Ag g/t	Au g/t	Pb per cent	Zn per cent	AgEq g/t	QAQC
SAD-15-05	98.00	99.00	1.00	98.30	0.10	0.01	0.03	107	a
SAD-15-05	105.15	109.80	4.65	91.40	0.15	0.08	0.28	114	a
Including	105.15	106.00	0.85	307.52	0.06	0.05	0.16	319	a
SAD-15-05	127.76	130.48	2.72	153.46	0.02	0.05	0.13	161	a

SAD-15-06	155.00	157.50	2.50	117.88	0.08	0.03	0.04	127	a

SAD-15-07	156.35	157.47	1.12	235.00	0.30	0.07	0.16	267	a
SAD-15-07	166.07	169.84	3.77	88.94	0.16	0.13	0.51	123	a
Including	169.00	169.84	0.84	283.08	0.26	0.12	0.52	324	a

SAD-15-08	97.65	99.28	1.63	157.74	0.06	0.02	0.07	165	a
SAD-15-08	131.15	132.69	1.54	200.74	0.10	0.02	0.09	212	a

SAD-17-14	283.21	290.04	6.83	128.60	0.25	0.06	0.18	157	a
Including	284.65	286.95	2.30	318.78	0.59	0.08	0.22	376	a
Including	284.65	285.00	0.35	1180.00	2.23	0.07	0.18	1369	a

SAD-17-15	191.30	228.00	36.70	154.80	0.02	0.06	0.14	162	a,b
Including	195.00	211.85	16.85	200.07	0.02	0.07	0.19	210	a,b
Including	203.01	209.82	6.81	279.32	0.03	0.12	0.32	296	a
Including	207.00	209.82	2.82	594.60	0.07	0.27	0.65	629	a
Including	208.44	209.82	1.38	854.00	0.06	0.28	0.27	876	a
Including*	209.82	213.00	3.18	285.04	0.02	0.05	0.17	294	b
Including	213.00	228.00	15.00	137.91	0.02	0.07	0.11	145	a, b
Including	221.41	228.00	6.59	228.10	0.03	0.14	0.19	241	b
Including	225.00	228.00	3.00	435.00	0.06	0.28	0.37	460	b

SAD-17-16	219.40	221.71	2.31	191.98	0.10	0.02	0.05	202	a
Including	219.40	219.75	0.35	810.00	0.44	0.07	0.10	851	a

Defiance Silver Corp. is an exploration company advancing the district-scale San Acacio Deposit, located in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state, Mexico.

Defiance Silver Corp. last traded at $0.13 per share.

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