Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF)has intersected new zones of high-grade silver in its recently completed 4,750 m maiden drill programme at the Lucita property on the company’s Zacatecas silver project in Mexico.
The drill programme is the first ever to be completed at the central Lucita asset (Palenque vein system), which is currently under option from Pan American Silver Corp.
First phase drilling has been completed, with further assays pending for an additional eight holes (DDLU-21-06 to DDLU-21-13).
Chairman abd CEO, Chris Wright, said the initial results presented are highly-encouraging and warrant extensive follow-up exploration work.
“The recent drill results from Lucita are the first known drill holes into the central Lucita project area and demonstrate the significant exploration potential in the Zacatecas mining district,” Mr Wright said.”
For a first-pass exploration program, vein-hosted results grading over three kilograms per tonne silver highlight the need for continued exploration to define the true potential of the system.
“These results are the highest-grade silver results Defiance has drilled to date in the Zacatecas district.”
Highlights:
- DDSA-21-50 returned a downhole interval of 1.15m of 1,603.90 g/t Ag, within a downhole interval of 3.33m grading 709.04 g/t Ag (from 115.82m to 119.15m).
- DDLU-21-05 returned multiple results greater than 100 g/t Ag, including 3.48m of 513.57 g/t Ag (from 152.52m to 156.00m), with a high-grade interval of 1.90m of 940.18 g/t Ag (from 154.10m to 156.00m). Individual intercepts in this interval grade up to 3,260 g/t Ag (from 154.10m to 154.35m).
- The inaugural drill program at Lucita central (Palenque vein system) confirmed the presence of high-grade, near surface, Fresnillo-style, low to intermediate-sulfidation epithermal silver mineralisation consisting of pyrargyrite (high-level sulphosalt) and silver sulphides that potentially indicate the higher-level setting of a zoned epithermal system.
Lucita Exploration Model
Regional targeting done by Defiance in late 2019 and early 2020 identified the potential for a Fresnillo-style low to intermediate-sulphidation epithermal system on the Lucita land package, which is in a similar crustal-scale setting as the world-class Fresnillo district.
The regional prospectivity of the Lucita project has been historically defined by surface geochemistry, mapped vein structures, and regional drill holes that the company has in its proprietary 1,300 sq. km regional database.
The company began a comprehensive surface mapping and sampling programme at the central Lucita land package in early 2021, and subsequently completed a first pass 4,750 metre regional drilling programme on the Palenque and Tahures vein systems.
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