Defiance Silver Corp. (ticker: DEF.v or DNCVF for US investors) is progressing its dual-track strategy in Mexico, focusing on expanding high-grade silver resources in Zacatecas and advancing the large-scale gold-copper-silver potential of its Tepal Project in Michoacn.
Defiance Silver is advancing toward several key milestones in 2025, including updated resource estimates, continued drilling campaigns, and the completion of technical studies across its Zacatecas and Tepal projects.
At the Zacatecas Project, where Defiance now controls the second-largest land position in the historic silver district, the company is pushing forward at two major targets—San Acacio and Lucita.
San Acacio, located along the Veta Grande system which has produced over 150 million ounces of silver since the 1500s, has seen over 25,000m of drilling since 2014. A new NI 43-101 resource estimate is anticipated in 2025, with Defiance finalizing 100% ownership and expanding exploration across nearby brownfield targets.
At Lucita, exploration has outlined multiple high-grade silver targets across its three main zones. At Lucita South, first-pass drilling along the Palenque vein system covered approximately 4 km of strike and returned encouraging results. At Lucita East, maiden drilling included intercepts with silver grades up to 3,260 g/t Ag. Lucita North, a polymetallic system with historic intercepts such as 1.25m of 779 g/t Ag, is slated for its first drill program this year.
Defiance is also progressing its 100%-owned Tepal Project, a gold-copper-silver asset with established infrastructure and updated M&I resources of 926,000 oz gold, 473.86 million lbs copper, and 5.58 million oz silver.
Recent drilling intersected 150.8m grading 0.41% Cu and 1.21 g/t Au in the South Zone, pointing to deeper mineralized extensions and possible feeder structures. A new preliminary economic assessment (PEA) is in progress and expected later this year.
Looking ahead to 2025, Defiance plans continued drilling across both projects, updated technical reports, and expanded exploration at Lucita North and Tepal’s deeper porphyry and epithermal zones.
With district-scale land positions, historical production, and strong exploration results, Defiance Silver is positioning itself to grow its resource base and unlock value in two of Mexico’s most metal-rich regions.
Full Investor Deck: https://defiancesilver.com/assets/docs/presentations/2025-Investor%20Presentation%20Feb-20250205160240.pdf
Posted on behalf of Defiance Silver Corp.