DEF to Acquire 3 Drill-Ready Copper-Gold Projects Defiance Silver Corp. (ticker: DEF.v or DNCVF for U.S. investors) has announced a proposed acquisition of Green Earth Metals Inc. (GEMS), a private exploration company founded by geoscientist Richard Osmond. The share-based deal, valued at approximately C$1.25 million, will give Defiance full ownership of three drill-permitted copper-gold-silver-molybdenum projects in Mexico’s mineral-rich Sonoran Desert.
This strategic acquisition complements a busy slate of upcoming catalysts across Defiance’s core assets. At its Zacatecas Silver Project, the company is preparing an updated NI 43-101 technical report, advancing resource modelling, and following up on a 3+ kg/t silver intercept. Meanwhile, at Tepal, exploration is targeting high-grade copper-gold zones at depth.
These activities, combined with the addition of drill-ready assets from GEMS, position Defiance for significant exploration momentum across multiple fronts.
Expanding in a World-Class Mining Jurisdiction
-
The GEMS projects—Victoria, Espiritu, and Los Ocotes—cover a combined 6,795 hectares and are situated near some of the largest copper and gold mines in North America.
-
Nearby operations include Grupo Mexico’s Cananea and La Caridad, Alamos Gold’s Mulatos, Agnico Eagle’s La India, and Minera Alamos’ Santana Mine.
-
This region is part of the prolific Sonoran porphyry copper belt, known for large-scale Cu-Au deposits and strong infrastructure access.
Overview of the GEMS Projects
Victoria Project (1,795 ha)
-
Located in the Sonora mining district, Victoria is the most advanced of the three assets.
-
Displays porphyry-style stockwork and breccia-hosted copper-gold-molybdenum mineralisation.
-
Surface mapping reveals phyllic and potassic alteration with leached capping.
-
Already permitted for drilling—Defiance plans to initiate fieldwork and diamond drilling here first.
Espiritu Project (2,711 ha)
-
Positioned near Sahuaripa, about 100 km from multiple producing mines.
-
Exhibits geological features of a significant hydrothermal system.
-
Remains largely underexplored, offering strong upside through modern exploration.
Los Ocotes Project (2,283 ha)
-
Hosts polymetallic vein systems in the same regional trend as Victoria and Espiritu.
-
Located just 18 km from Minera Alamos’ producing Santana gold mine.
-
Also drill-permitted and accessible via established regional infrastructure.
Strategic Impact for Defiance
-
Strengthens Defiance’s presence in Mexico, complementing its existing assets:
-
Brings in an experienced team of mine financiers and global explorers via the GEMS acquisition.
-
Positions Defiance for near-term exploration catalysts at a time when gold prices are at record highs and copper sentiment is improving.
Deal Summary
-
Structure: 4,954,613 Defiance shares to be issued at C$0.255/share.
-
Valuation: Estimated transaction value of C$1.25 million.
-
Next Steps: Focused fieldwork and drilling at Victoria to kick off the new exploration campaign.
Full announcement:
https://defiancesilver.com/news/defiance-silver-to-acquire-mexico-focused-green-earth-metals
Posted on behalf of Defiance Silver Corp.