Business
Defiance to Drill Lucita at the Company's Zacatecas Project
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2021) - Defiance Silver Corp. (TSX...
About this update from Defiance Silver Corp.
[{"type":"text","content":"Defiance to Drill Lucita at the Company's Zacatecas ProjectVancouver, British Columbia--(Newsfile Corp. - October 1, 2021) - Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) (\"Defiance\" or the \"Company\") is pleased to announce that it will be commencing a drill campaign on the regional exploration targets at Lucita on the company's Zacatecas project. Drilling is scheduled to commence on or around October 10th and will initially be focused at Lucita South, which includes the Palenque, El Puerto, and the Tahuares vein structures.Figure 1. Overview map of Defiance Silver's Zacatecas District mineral concessions.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/2950/98217_e19cc204b40afa3a_002full.jpgLucita OverviewThe Lucita project is under option from Pan American Silver (\"Pan American\") (See news release dated December 2nd, 2020). The Lucita project includes two licence areas - North and South - and contains numerous drill-ready exploration targets over a large (>20km2) project area (Figure 1). The Lucita North license area encompasses the Panuco vein system. The Panuco system is being drilled by nearby operator Zacatecas Silver Corp. on their portion of the Panuco vein system, located west of Defiance's licence area; Zacatecas Silver has recently published an historic Inferred 43-101 resource estimate for their portion of the Panuco vein system. That resource estimate is on strike with historical high-grade drilling done by Pan American within Defiance Silver's optioned tenure area. Pan American has previously drilled a number of holes in the Panuco area and returned encouraging results. At Panuco, there remain a number of undrilled vein targets marked by outcropping veins, stockworks, and breccias with historical shafts and underground workings. The southern portion of the Lucita land package contains the multi-kilometre Palenque vein system, which is undrilled and remains a high-priority exploration target. Defiance Silver intends to test the Palenque structure with a series of drill holes. Other targets in the area include the El Puerto target, also under option from Pan American Silver, as well as the Tahuares Vein target, which lies within the San Acacio licenses.Figure 2. Surface samples taken by Pan American Silver within the Palenque vein system. Mineral conce...