Note that the Company and its qualified person have been unable to verify the information at the Cozamin Mine, Veta Grande/San Acacio or Panuco Deposit and that the information is not necessarily indicative of the mineralization on the Company’s properties
The Zacatecas project areas include San Acacio (including Lagartos) , Lucita North and Lucita South and, located in the state of Zacatecas in the renowned Zacatecas silver mining district in north-central Mexico. The project land package, lies in close proximity or on trend to several of the largest silver producers Zacatecas state including: the polymetallic Cozamin mine operated by Capstone Mining Corp and the Fresnillo silver mine, the world largest primary silver mine operated by Fresnillo Plc. The project is close to power and has paved road access, favorable topography, and key infrastructure (power, water) including a skilled labor force in the nearby communities and the city Zacatecas. To date, mapping, sampling, and drilling confirm numerous silver occurrences on the properties and indicate that there are also several untested base and precious metals targets. The project has no current mineral resources. The San Acacio project also contains appreciable gold values, as well as lead and zinc values. The Lagartos project area within the Zacatecas project is located on the Mala Noche trend, which has been associated with high-grade polymetallic mineralized zones, such as Capstone’s Cozamin Mine.
The Lucita project is an emerging exploration target area that contains multiple untested vein structures to the north of the main Veta Grande vein along the Palenque structure. The Lucita project also contains the on-strike extension of Zacatecas Silver Corp’s Panuco silver deposit. Neither Defiance or our QP, has been unable to verify the information from the Panuco deposit and that the information is not necessarily indicative of the mineralization on the Lucita project.