The Zacatecas project areas include San Acacio, Lucita, Panuco, and Lagartos, located in the state of Zacatecas in the renowned Zacatecas silver mining district in north-central Mexico. The project 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, which have not been included in any historic mineral resource estimates. 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 the 19 million ounce Ag-Equivalent Panuco deposit. 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.
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Certain statements contained in this website constitute forward-looking statements. These statements relate to future events or Defiance Silver’s future performance, business prospects or opportunities. Forward-looking statements include, but are not limited to, statements with respect to commercial mining operations, anticipated mineral recoveries, protected quantities of future mineral production, interpretation of drill results, anticipated production rates and mine life, operating efficiencies, capital budgets, costs and expenditures and conversion of mineral resources to proven and probable mineral reserves, analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.
All statements other than statements of historical fact may be forward-looking statements. Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed, and in the case of mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “outlook” and similar expressions) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Defiance Silver believes that the expectations reflected in those forward looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this website should not be unduly relied upon. Defiance Silver does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements involve risks and uncertainties relating to, among other things, results of exploration and development activities, Defiance Silver’s historical experience with development-stage mining operations, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, changes in commodity prices and, particularly, silver prices, actual operating and financial performance of facilities, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. Actual results may differ materially from those expressed or implied by such forward-looking statements.