Defiance Silver Files Technical Report for Its Zacatecas Project
Defiance Silver (TSXV: DEF) has filed a new technical report for its Zacatecas Project in Mexico following a continuous disclosure review by the British Columbia Securities Commission. The report reveals that the previously disclosed 2014 mineral resource estimate for the San Acacio project did not comply with NI 43-101 requirements. Since 2014, the company has completed 73 drill holes totaling 26,578.03 metres at San Acacio, along with extensive surface geological mapping and soil sampling. However, this additional work has not yet been incorporated into current geological and resource models, resulting in no current mineral resources being reported for the project. The new technical report, prepared by SGS Geological Services with an effective date of October 1, 2024, has been filed on SEDAR+.
Defiance Silver (TSXV: DEF) ha presentato un nuovo rapporto tecnico per il suo Progetto Zacatecas in Messico a seguito di una revisione della divulgazione continua da parte della British Columbia Securities Commission. Il rapporto rivela che la stima delle risorse minerali del 2014 precedentemente divulgata per il progetto San Acacio non era conforme ai requisiti NI 43-101. Dal 2014, l'azienda ha completato 73 perforazioni per un totale di 26.578,03 metri a San Acacio, insieme a una vasta mappatura geologica superficiale e campionamento del suolo. Tuttavia, questo lavoro aggiuntivo non è ancora stato incorporato nei modelli geologici e delle risorse attuali, il che ha portato a non riportare risorse minerali attuali per il progetto. Il nuovo rapporto tecnico, preparato da SGS Geological Services con data efficace 1 ottobre 2024, è stato depositato su SEDAR+.
Defiance Silver (TSXV: DEF) ha presentado un nuevo informe técnico para su Proyecto Zacatecas en México tras una revisión de divulgación continua por parte de la Comisión de Valores de Columbia Británica. El informe revela que la estimación de recursos minerales de 2014, previamente divulgada para el proyecto San Acacio, no cumplía con los requisitos de NI 43-101. Desde 2014, la compañía ha completado 73 perforaciones con un total de 26,578.03 metros en San Acacio, junto con una extensa cartografía geológica superficial y muestreo de suelo. Sin embargo, este trabajo adicional aún no se ha incorporado a los modelos geológicos y de recursos actuales, lo que resulta en que no se informen recursos minerales actuales para el proyecto. El nuevo informe técnico, preparado por SGS Geological Services con fecha efectiva del 1 de octubre de 2024, se ha presentado en SEDAR+.
디파이언스 실버 (TSXV: DEF)는 브리티시 컬럼비아 증권 위원회의 지속적인 공개 검토 이후 멕시코의 자카테카스 프로젝트에 대한 새로운 기술 보고서를 제출했습니다. 보고서는 산 아카치오 프로젝트에 대해 2014년에 발표된 광물 자원 추정치가 NI 43-101 요구 사항을 준수하지 않았음을 보여줍니다. 2014년 이후로, 회사는 산 아카치오에서 총 26,578.03미터에 달하는 73개의 시추공을 완료했으며, 광범위한 지표 지질학적 매핑과 토양 샘플링을 수행했습니다. 그러나 이 추가 작업은 현재의 지질 및 자원 모델에 통합되지 않아 프로젝트에 대한 현재의 광물 자원이 보고되지 않고 있습니다. 새로운 기술 보고서는 SGS 지질 서비스에 의해 작성되었으며, 유효 날짜는 2024년 10월 1일입니다. 보고서는 SEDAR+에 제출되었습니다.
Defiance Silver (TSXV: DEF) a déposé un nouveau rapport technique pour son Projet Zacatecas au Mexique suite à un examen de divulgation continue par la Commission des valeurs mobilières de la Colombie-Britannique. Le rapport révèle que l'estimation des ressources minérales de 2014 précédemment divulguée pour le projet San Acacio ne respectait pas les exigences de la NI 43-101. Depuis 2014, la société a complété 73 forages totalisant 26 578,03 mètres à San Acacio, en plus d'une cartographie géologique de surface approfondie et d'échantillonnages de sol. Cependant, ce travail supplémentaire n'a pas encore été intégré aux modèles géologiques et de ressources actuels, ce qui signifie qu'aucune ressource minérale actuelle n'a été rapportée pour le projet. Le nouveau rapport technique, préparé par SGS Geological Services avec une date d'entrée en vigueur du 1er octobre 2024, a été déposé sur SEDAR+.
Defiance Silver (TSXV: DEF) hat einen neuen technischen Bericht für sein Zacatecas-Projekt in Mexiko eingereicht, nachdem die British Columbia Securities Commission eine Überprüfung der fortlaufenden Offenlegung durchgeführt hat. Der Bericht zeigt, dass die zuvor veröffentlichte Schätzung der Mineralressourcen von 2014 für das Projekt San Acacio nicht den Anforderungen der NI 43-101 entspricht. Seit 2014 hat das Unternehmen 73 Bohrlöcher mit einer Gesamtlänge von 26.578,03 Metern in San Acacio abgeschlossen, zusammen mit umfassenden geologischen Oberflächenkartierungen und Bodenproben. Diese zusätzlichen Arbeiten wurden jedoch noch nicht in die aktuellen geologischen und Ressourcenmodelle integriert, was dazu führt, dass derzeit keine Mineralressourcen für das Projekt gemeldet werden. Der neue technische Bericht, erstellt von SGS Geological Services mit einem Gültigkeitsdatum vom 1. Oktober 2024, wurde bei SEDAR+ eingereicht.
- Completion of extensive exploration work: 73 drill holes totaling 26,578.03 metres
- Comprehensive surface geological and structural mapping completed
- New compliant technical report filed with regulatory authorities
- Previous 2014 mineral resource estimate declared non-compliant with NI 43-101
- No current mineral resources reported for the project
- Additional drilling data not yet incorporated into resource models
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 29th 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 info@defiancesilver.com.
www.defiancesilver.com
Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
Tel: +1 (604) 343-4677
Email: info@defiancesilver.com
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
FAQ
What is the current mineral resource estimate for Defiance Silver's (DNCVF) Zacatecas Project?
How many drill holes has Defiance Silver (DNCVF) completed at San Acacio since 2014?
When was the new technical report for DNCVF's Zacatecas Project filed?
Why did Defiance Silver (DNCVF) need to file a new technical report for Zacatecas?
