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Defiance Silver Corp V.DEF

Alternate Symbol(s):  DNCVF

Defiance Silver Corp. is a Canada-based exploration company advancing the district-scale Zacatecas project, located in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacan state, Mexico. The Zacatecas project includes land package of approximately 4,300 hectares. The Zacatecas project areas include San Acacio, Lucita, Panuco, and Lagartos, located in the state of Zacatecas 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 operated by Fresnillo Plc. The Company owns 100% of the Tepal Project, which covers approximately 2,076.5 hectares. The Tepal project is located in the state of Michoacan, near the border of Jalisco in Western, Mexico. The Company also has an option to acquire 100% interest in San Acacio property located in the Zacatecas district.


TSXV:DEF - Post by User

Post by Buckfinderon Jan 28, 2021 1:55am
360 Views
Post# 32406879

Tepal is a game changer...

Tepal is a game changer...The company analysed the whole Tepal project for month (desktop work) coming to the conclusing that
a) it is worth to prolong the licences
b) double the land position
c) talking about a new mineralization system (they called it game changer)
d) NPV 500 mio. - CAPEX only 214m
e) they want to drill more to increase size and grade
f) AISC under 400 USD in GOLD (!!!!)

and... by the way a 5.000m aggressive drilling program in the Fresnello belt in Acacio full of high grade silver wholes and near the mine of Capestone (stock skyrocketed last months) with the hope that copper is also there (would be game changer in this project too !!!)

AND ALL THIS WITH A MARKET CAP OF 110 mio. CAD.............. ???????? hmmmm......

I think that a major, which always had an eye on this hidden gem, could not resist anymore... the facts and fundamentals are too strong not to invest in this treasure island. Maybe the price was depressed in the last weeks to buy in more cheaply....often the avergae price of the last 30 or 60 days are taken as a referendce for a take over price...

The trading halt for the whole day is for sure more than the news "doubling the land possesion in Tepal".. there must be something big....

We hopefully will see in some hours...

GLTA
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