Vancouver, British Columbia--(Newsfile Corp. - August 23, 2016) - Defiance Silver Corp (TSXV: DEF) (OTC: DNCVF) ("Defiance") is pleased to announce that it has signed an agreement with the Fraccionamiento Rural Sauceda de la Borda that grants Defiance rights to carry out exploration within all of its mineral concessions underlying the Fraccionamiento lands. Defiance now controls surface rights covering both the 1.2km of vein strike length that hosts the San Acacio deposit along with over 4.4 km of vein that has yet to see modern exploration.
"We are very pleased to have been able to conclude this agreement with the members of the community. Our success in continuing to acquire agreements for surface access rights demonstrates the support we have with the local land owners at San Acacio." stated Bruce Winfield, President and CEO of Defiance. "With this agreement in place, we can now plan to not only continue our exploration efforts at depth but also to aggressively step out along the strike of the vein."
The agreement is for an initial term of five years which can be renewed for an additional five year term at the election of Defiance.
A Panoramic Video on the San Acacio Deposit (https://www.youtube.com/watch?v=DEqtbHzMeYw) is available on our website, or Click Here to visit our Defiance YouTube Channel (http://www.defiancesilver.com/media/video). Defiance Silver Corp. is a silver explorer and developer advancing the San Acacio Deposit, located in the historic Zacatecas Silver District of central Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring and developing 7 operating mines to date. Defiance's corporate mandate is to expand San Acacio to become one of Mexico's premier high grade wide vein silver deposits. For more information on the property or Defiance, please visit Defiance's website at www.DefianceSilver.com.
On behalf of Defiance Silver Corp.
"Bruce Winfield"
President and CEO
For more information, please contact:
Sunny Pannu - Corporate Development
(604) 669 7315 or via email at pannu@defiancesilver.com
2300 - 1177 West Hastings Street | www.defiancesilver.com |
Neither 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.
