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Defiance Step-Out Drilling Extends Wide Zones of Mineralization
VANCOUVER, BC / ACCESSWIRE / July 7, 2015 / Defiance Silver Corp. (TSX VENTURE: DEF) (OTC: D...
About this update from Defiance Silver Corp.
[{"type":"text","content":"Defiance Step-Out Drilling Extends Wide Zones of MineralizationVANCOUVER, BC / ACCESSWIRE / July 7, 2015 / Defiance Silver Corp. (TSX VENTURE: DEF) (OTC: DNCVF) (\"Defiance\" or the \"Company\") is pleased to report that results from a further three holes drilled in its Phase I core drilling program on the San Acacio deposit have extended the wide, high grade mineralization encountered in the first three holes eastward by 100m (see News Release dated January 29, 2015 (http://www.defiancesilver.com/news/defiance-silver-drills-wide-zones-of-mineralization)). Phase I is designed to test for a continuation of mineralization at depth and along strike beyond the current resource and the workings of the past producing San Acacio mine.\nHoles SAD14-04 and SAD14-07 intersected the San Acacio vein over wide widths of high grade mineralization (results in table below). These results extend by 100 meters to the SE the area of high grade mineralization intersected by the Company's initial three holes. All five holes are below the limit of the existing resource and, will further increase the existing resource. Additionally, routine geochemical sampling defined highly anomalous values over 20m in the upper part of hole SAD15-07 which will be systematically sampled and assayed.\nAlthough the Phase I drill program was primarily designed to test for the extension of the San Acacio vein, Hole SAD15-8 also intersected high grade mineralization grading 674 g/t AgEq over a width of 7.25m in a possible extension of the Navidad vein. Additional work is required to further define this exciting newly identified wide high grade mineralized structure.\nBruce Winfield, President and CEO of Defiance stated, \"We are very pleased that these results have extended to the east, the zone of high grade mineralization over wide widths. These results continue to be proof of our strong belief that additional resources can be defined below the current resource limits with mineralization open along strike and down dip. With 100 million ounces of silver produced historically, any extension at depth or along strike could ultimately add a significant amount of ounces.\"\nThese new drill results were not included in the updated NI 43-101 resource estimate that was recently released (see News Release dated January 15, 2015 (http://www.defiancesilver.com/news/defiance-silver...