Business
Defiance Silver to Drill New Silver-Copper Anomaly at San Acacio
Vancouver, British Columbia--(Newsfile Corp. - May 30, 2019) - Defiance Silver Corp. (TSXV: DE...
About this update from Defiance Silver Corp.
[{"type":"text","content":"Defiance Silver to Drill New Silver-Copper Anomaly at San AcacioVancouver, British Columbia--(Newsfile Corp. - May 30, 2019) - Defiance Silver Corp. (TSXV: DEF) (\"Defiance\") is pleased to announce the commencement of a drill program targeting a large silver-copper geophysical anomaly located on an under-explored portion of the Veta Grande vein southeast of the San Acacio Silver Deposit in Zacatecas, Mexico. \"We are excited to commence our next round of drilling that will test both new veins and potential high-grade structures at the San Acacio project\" stated Peter J. Hawley, Interim President and CEO. \"The results from our exploratory ground geophysical surveys identified strong co-incident anomalies on trend with the San Acacio deposit. We believe that due to the size and robustness of these targets, both represent potential game-changers for the project.\"This drill program is designed to test for continuity of the Veta Grande silver and gold vein system (\"Veta Grande\") in a significant 450 metre step out southeast from previous drilling and from known historic mine workings. The program will test two new targets identified by an Induced Polarization (\"IP\") ground geophysical survey carried out over a selected portion of the 5.6 Km Veta Grande trend that lies within San Acacio project boundaries. The IP survey (Figure 1), originally contracted to follow up results from the 2017 drill campaign (see Defiance news release date February 28, 2018), successfully detected a strong near surface chargeability anomaly that correlates well with the expected location, strike and dip of the Veta Grande in an area where favourable veining also occurs in outcrop. This survey result corroborates the geological interpretation that the Veta Grande is continuous beneath cover to the southeast. The IP survey also detected a second anomaly that measures 200 meters long by 300 meters wide, starting at a depth of approximately 200m below surface on the surveyed area. This anomaly was subsequently corroborated independently with an AERI geophysical survey that suggests continuity of the anomaly between 200 and 1,000 metres vertical depth and still open at depth, figure 2. This deep anomaly position correlates with Cozamin Copper-Silver mine of Capstone Mining Corp's (TSX:CS) San Rafael zinc zone and Mala Noche Footwall Vein 20 Copper Silver...