Wide Widths Drilled Near Surface On The Veta Grande System

VANCOUVER - Defiance Silver Corp. reported on the final results from seven drill holes drilled during the 2022 drill program. These holes were designed to improve the main Veta Grande structural model and to test splays to the Veta Grande system, including the footwall San Herculano structure.

DDSA-22-62 - Encountered a base metal rich portion of the Veta Grande structure, returning 2.58m of 423 g/t AgEq (from 213.40m to 215.98m) within a wider 11.22m intercept of 152 g/t AgEq (from 205.15m to 216.37m). DDSA-22-61 - Returned 1.49m of 399 AgEq (from 231.28m to 232.77m) within a wider interval of 4.97m of 142 g/t AgEq (from 230.04m to 235.01m). This hole tested up dip of historical holes SAD-15-09 and SAD-15-10, and below hole DDSA-22-59 (2.42m of 123 g/t AgEq, reported in this release). Historic workings were encountered higher in the hole, while drilled mineralization occurred between the main VG structure and a hanging wall splay. DDSA-22-60 - Returned 6.98m of 114 g/t AgEq (from 31.10m to 38.08m) on the Veta Grande and encountered historic workings from a downhole depth of 33.25m to 34.75m. DDSA-22-59 - From surface returned 9.57m of 175 AgEq (from 1.38m to 10.95m). This hole drilled reportable grade in three locations: surface waste dumps, the main Veta Grande structure, and possible San Herculano structure. In-situ vein material from Veta Grande grades 2.42m of 123 g/t AgEq (from 27.30m to 29.72m).

Chris Wright, Chairman & CEO, said, ”This phase of drilling was designed to strengthen our understanding of the historical underground development of the Veta Grande vein system, which is critical for both the geologic modeling and the updated resource estimation that we are working towards. We are encouraged by the wide widths of near surface mineralization alongside high grades of Pb-Zn mineralization encountered in this phase of drilling."