Business
Defiance Silver Announces a Mineral Resource Estimate for the Tepal Project and Filing of Supporting NI 43-101 Technical Report
Vancouver, British Columbia--(Newsfile Corp. - December 10, 2024) - Defiance Silver Corp. (TSXV: ...
About this update from Defiance Silver Corp.
[{"type":"text","content":"Defiance Silver Announces a Mineral Resource Estimate for the Tepal Project and Filing of Supporting NI 43-101 Technical ReportVancouver, British Columbia--(Newsfile Corp. - December 10, 2024) - Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) (\"Defiance\" or the \"Company\") is pleased to announce a Mineral Resource Estimate (\"MRE\") prepared in accordance with the National Instrument 43-101 - Standard for Disclosure for Mineral Projects (\"NI 43-101\") for the 100% owned Tepal Gold-Copper Project, located in the municipality of Tepalcatepec, Michoacán State, in south-western Mexico.Highlights Include:111.67 million tonnes (Mt) of Measured & Indicated Mineral Resources averaging 0.26 g/t gold for 926,000 ounces of gold111.67 Mt Measured & Indicated Mineral Resources averaging 0.19% copper for 473.86 million pounds (Mlb) of copper111.67 Mt of Measured & Indicated Mineral Resources averaging 1.55 g/t silver for 5.58 million ounces (Moz) of silver124.36 Mt of Inferred Mineral Resources averaging 0.25 g/t gold for 985,000 ounces of gold124.36 Mt of Inferred Mineral Resources averaging 0.16% copper for 451.0 Mlb copper124.36 Mt of Inferred Mineral Resources averaging 1.46 g/t silver for 5.83 Moz of silverMineral resources were estimated using a cut-off grade of 13 $/t NSR for the oxidized zone and 15 $/t NSR for the sulphide zone; both the oxide and sulfide estimates lie within the optimized pit shellMetallurgical testing indicates recoveries of 86% Cu and 54% Au for the North/South Zones and 84% Cu and 50% Au for the Tizate Zone mineralization which would produce a 23% Cu copper concentrate with gold credits.The MRE was independently prepared by Micon International Limited (\"Micon\")MRE for the Tepal ProjectThe MRE, independently prepared by Micon's QPs, have classified the mineral resources for the Tepal Project in the Measured, Indicated and Inferred categories for the Tepal North Zone resources and the Indicated and Inferred categories for Tepal South Zone and Tizate Zone resources (as defined in the Canadian Institute of Mining, Metallurgy and Petroleum (\"CIM\") Definition Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) and has an effective date of October 30, 2024.Table 1 summarizes the MRE, and Figures 1 to 4 show various plan views and cross sect...