Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Defiance Silver (TSXV: DEF) announced that it is resuming its aggressive field program at its San Acacio silver project in Mexico following the lost time caused by the covid-19 pandemic.
In a press release, the Vancouver-based miner said the campaign includes core re-logging, surface and underground mapping, geochemistry and surface diamond drilling.
The campaign includes core re-logging, surface and underground mapping, geochemistry and surface diamond drilling
According to the company, all the work will be done adopting and integrating rigorous health and safety procedures to protect its workers and the community.
“In the past four months of remote work, and in conjunction with our previous exploration, our understanding of the underlying mineral systems at our Zacatecas projects has advanced and evolved considerably. Our geological model has defined a large number of targets outside of our main resource along the Veta Grande vein that we are preparing for drill testing,” Chris Wright, Defiance Silver’s executive chairman and CEO, said in the media brief.
“After receiving approval from the Federal Government of Mexico, we are excited to resume field operations at our Mexico projects with the safety of our team and the local community being the company’s number one priority.”
The San Acacio silver deposit is hosted within the historic San Acacio mine which is located in the Zacatecas Silver District.
The property consists of 24 mineral concessions and a historic mine that controls 65% of the Veta Grande vein system, the latter having produced over 200 million ounces of silver since its discovery in 1546.
