DEF: Expanding into Mexico’s Sonoran Copper-Gold Corridor With gold prices breaking record highs and the copper sector showing cautious optimism among investors despite global uncertainties, Defiance Silver Corp. (Ticker: DEF.v or DNCVF for U.S. investors) is strategically expanding its footprint in Mexico's mineral-rich Sonoran Desert through the planned acquisition of Green Earth Metals Inc. (GEMS).
This move aims to enhance Defiance's presence in copper-gold exploration with three new projects located near major mining operations.
GEMS controls 6,795 hectares of mineral claims across three properties—Victoria, Espiritu, and Los Ocotes—all located within the same regional trend as some of North America’s most prominent copper producers, including Grupo Mexico’s Cananea and La Caridad mines.
The projects are also situated close to Alamos Gold’s Mulatos Mine and Agnico Eagle’s La India Mine, placing them in a favourable jurisdiction for exploration and development.
The Victoria property, covering 1,795 hectares, is the most advanced of the three and features porphyry-style copper-gold-molybdenum mineralisation with evidence of surface leaching. It is already permitted for drilling and is expected to be the first site targeted for exploration.
Espiritu spans 2,711 hectares and is located roughly 100 km from Sahuaripa, an area with active mining infrastructure, while Los Ocotes, at 2,283 hectares, is a polymetallic vein system just 18 km from Minera Alamos’ Santana Mine.
This acquisition complements Defiance’s existing assets in Mexico, including the Zacatecas silver project centred around the historic San Acacio vein system, and the Tepal copper-gold porphyry project in Michoacn, which hosts a defined resource and development potential.
With the addition of GEMS’ drill-ready ground, Defiance is broadening its exploration pipeline in preparation for future growth.
Under the proposed terms, Defiance will issue 4,954,613 common shares at a price of C$0.255, giving the transaction a valuation of approximately C$1.25 million.
With exploration permits already in place for the new properties, the company plans to launch initial fieldwork at the Victoria project. This move reflects Defiance’s continued focus on securing high-quality, strategically located assets in anticipation of a broader recovery in the metals market.
Full announcement: https://defiancesilver.com/news/defiance-silver-to-acquire-mexico-focused-green-earth-metals
Posted on behalf of Defiance Silver Corp.