
Defiance Silver Corp. (TSXV:DEF) – Initial Drilling Identifies High-Grade Epithermal System at Lucita
Defiance Silver reported results from its 4,750m maiden drill program at the Lucita property on its Zacatecas Ag project in Mexico (option to acquire 100% interest). Historical work in the central Lucita area was limited to regional geological mapping and sampling, while the northern license area of Panuco had historical drilling and currently has multiple drill-ready exploration targets. The results are from five holes targeting the Palenque vein system in the central Lucita zone, and two holes from the Tahures vein system in the southern Lucita zone, adjacent to the San Acacia property where the company’s previous drilling was focused. Drilling encountered high grades of up to 709.04 g/t Ag over 3.3m, including 1,603.9 g/t Ag over 1.15m. We believe this is positive news for Defiance, as these are strong results for an initial drill program and the highest-grade drilling results for the company to date. Based on surface mapping, the vein systems at Lucita have significant size potential, and assays remain pending for additional holes along strike.