DEF to Acquire Green Earth Metals TODAY: Defiance Silver (DEF.v DNCVF) to Acquire Green Earth Metals Inc.
Today, Defiance Silver (DEF.v DNCVF) announced it has signed a non-binding letter of intent to acquire 100% of Green Earth Metals (GEMS), a private company with a portfolio of copper-gold-silver-molybdenum projects in Mexico’s Sonoran Desert porphyry copper belt, demonstrating that despite volatile market conditions they are continuing to develop long-term value.
High-Quality, Strategically Located Drill-Permitted Projects
GEMS holds three drill-ready copper-gold-silver-molybdenum projects—Victoria, Espiritu, and Los Ocotes—covering 6,795.22 hectares in a prime mining jurisdiction.
Notably, the area hosts top tier copper deposits including two of the largest copper mines in North America.
Demonstrating the region's rich mineral potential, the projects are strategically located near Alamos Gold's operating Mulatos Mine Agnico Eagle’s La India Mine, and Grupo Mexico’s Cananea and La Caridad mines, placing them in a proven, mineral-rich region.
Exploration Upside and Immediate Plans
Defiance intends to begin an aggressive exploration campaign, including a diamond drill program at the Victoria Project, where historical data and geological indicators point to a large-scale hydrothermal Cu-Au system.
Project Highlights
The assets offer high-grade district scale potential in a region known for its rich mineral endowment, with highlights including:
- Victoria: 1,795.22 hectares with porphyry-style copper-gold-molybdenum potential and strong alteration zones.
- Espiritu: 2,711 hectares near Sahuaripa showing signs of a large, metal-bearing hydrothermal system.
- Los Ocotes: 2,283-hectare polymetallic vein project close to several active gold mines.
CEO Commentary
Aligning with DEF's core strategy of acquiring and advancing top tier mining projects, Chairman and CEO Chris Wright highlighting the strategic value of their copper-gold-silver assets in one of the world’s most productive mining belts, stating:
"Securing this portfolio of drill-ready copper-gold-silver projects in Sonora—one of the world's premier copper-gold mining jurisdictions—represents a major step forward for Defiance. This transaction strengthens Defiance's asset base, enhances its exploration potential, and reinforces our commitment to unlocking value for shareholders."
Full News Release: https://defiancesilver.com/news/defiance-silver-to-acquire-mexico-focused-green-earth-metals
More info on DEF's portfolio: https://www.reddit.com/r/smallstreetbets/comments/1jm7r9k/defiance_silver_defv_dncvf_reports_11167mt_mi/
Posted on Behalf of Defiance Silver Corp.