Defiance Silver Files Technical Report for Its Zacatecas Project
Defiance Silver Files Technical Report for Its
Zacatecas Project
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2024) - Defiance Silver Corp. (TSXV:
DEF) (FSE: D4E) (WKN: A1JQW5) ("
Defiance
" or the "
Company
") announces that, further to its news
releases dated
February 2, 2024
,
April 10, 2024
and
November 29, 2024
, relating to a continuous
disclosure review of the Company by the British Columbia Securities Commission (the "
BCSC
"), it has
filed a new technical report on the Company's Zacatecas Project in Mexico (which includes the San
Acacio project).
As reported in its
November 29
th
news release
, Defiance has been working with SGS Geological
Services, who had been contracted to prepare a revised technical report that would include all projects
forming part of the overall Zacatecas complex. The revised technical report includes all exploration work
completed on the project to date.
A mineral resource estimate was disclosed for the San Acacio project in a 2014 technical report.
However, as indicated in the
February 2, 2024
news release, the 2014 report did not comply with
disclosure requirements for mineral resources set out in NI 43-101 -
Standards of Disclosure for Mineral
Projects
("
NI 43-101
").
Defiance has completed additional diamond drilling on the project since 2014, including 73 drill holes for
a total of 26,578.03 metres on the San Acacio project, as well as extensive surface geological and
structural mapping of the mineralized zones, and surface soil sampling of the entire project. This work
has not yet been incorporated into current geological and resource models for use in the preparation of a
current mineral resource estimate by an independent qualified person.
Since the 2014 Mineral Resource Estimate on the San Acacio project ("
MRE
") did not comply with
disclosure requirements for mineral resources set out in NI 43-101, and the additional drilling completed
on the project has not yet been incorporated into current geological and resource models for use in the
preparation of a current mineral resource estimate by an independent qualified person, there are no
current mineral resources on the project.
Benjamin Eggers, P.Geo. and Sarah Dean, P.Geo. of SGS Geological Services, both qualified persons
under NI 43-101, have completed a technical report titled "
Technical Report for the Zacatecas Project,
Zacatecas, Mexico
" dated December 16, 2024 with an effective date of October 1, 2024. The technical
report, prepared in accordance with NI 43-101, has been filed today on SEDAR+ (
www.sedarplus.ca
)
under the Company's issuer profile.
Qualified Person
Mr. George Cavey, P. Geo, Vice-President Exploration and Director of the Company, is a Qualified
Person within the meaning of National Instrument 43-101 and has approved the technical information
concerning the Company's material mineral properties contained in this press release.
About Defiance Silver Corp.
Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company
advancing the district-scale Zacatecas Project, located in the historic Zacatecas Silver District and the
Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance is managed by a team of proven mine
developers with a track record of exploring, advancing, and developing several operating mines and
advanced resource projects. Defiance's corporate mandate is to advance our projects through capital-
efficient exploration focused on resource growth and new mineral discoveries.
On behalf of Defiance Silver Corp.
"Chris Wright"
CEO & Chairman of the Board
For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at
.
www.defiancesilver.com
Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
Tel: +1 (604) 343-4677
Email:
Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/234230