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Defiance Silver Delineates High-Grade Polymetallic and Precious Metal Systems at Its Lucita Property
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2024) - Defiance Silver Corp. (TSXV: DEF...
About this update from Defiance Silver Corp.
[{"type":"text","content":"Defiance Silver Delineates High-Grade Polymetallic and Precious Metal Systems at Its Lucita PropertyVancouver, British Columbia--(Newsfile Corp. - April 15, 2024) - Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) (WKN: A1JQW5) (\"Defiance\" or the \"Company\") is pleased to provide an update on the results from the ongoing mapping and surface sampling campaign at its Lucita property in Zacatecas, Mexico. Work to date includes surface geochemical sampling in both new and historically sampled zones and has led to a revised interpretation of the geology at Lucita. The surface work will be used to support further delineation of drill targets for future exploration. The results presented in this release demonstrate the district-scale potential of Defiance's Zacatecas district land package.HighlightsLucita North: Widespread, high-grade, polymetallic Ag-Zn-Pb±Au±Cu mineralization was encountered over a multi-kilometer strike length, suggesting the presence of a large mineral system with multiple mineralizing events.Lucita South: High-grade Ag-Au dominant mineralization has been encountered in drilling and surface sampling along multiple structures. The mineralization is characteristic of low-sulfidation epithermal vein systems.Individual surface sampling highlights include:Lucita NorthGloria ZoneSample 430012: 331 g/t Ag, 0.15 Au, 6.94% Pb, 14.70% Zn, and 0.35% CuSample 430009: 552 g/t Ag, 1.34% PbAurora ZoneSample 430179: 298 g/t Ag, 3.15% Pb, 0.14% ZnSample 430027: 795 g/t AgPlomosa ZoneSample 430106: 652 g/t Ag, 0.32 g/t Au, 6.48% Pb, 2.26% Zn, and 0.60% CuLucero VeinSample 110785: 460 g/t Ag, 4.76 g/t Au, 6.33% Pb, 31.50 % Zn, and 0.87% CuLucita SouthPaty VeinSample 4208: 2350 g/t Ag and 0.27 AuLucita VeinSample 110895: 497 g/t Ag, 1.28 g/t AuPalenque VeinSample 110834: 712 g/t Ag, 0.26 g/t AuLucita Property OverviewThe Lucita property is the northernmost portion of the Company's Zacatecas district land package (Figure 1). The Lucita property was acquired under an option agreement with Pan American Silver Corp. (Pan American or PanAm) in 2020 and is now 100% owned by Defiance (see News Releases December 2, 2020, and January 10, 2024). Pan American completed several work programs at Lucita, including surface sampling and reconnaissance drilling in 1996, 2011, and 2012. These work programs identified numerous ne...