Expanding it's Copper-Gold-Silver Portfolio in Mexico Expanding its Copper-Gold-Silver Portfolio in Mexico - Defiance Silver (DEF.v DNCVF) Signs LOI to Acquire Green Earth Metals
Defiance Silver (DEF.v DNCVF) has signed a non-binding letter of intent to acquire 100% of Green Earth Metals Inc. (GEMS), a privately held company holding three drill-permitted copper-gold-silver-molybdenum projects in Mexico’s prolific Sonoran Desert porphyry copper belt.
Strengthening Presence in a Tier-One Mining District
Spanning 6,795 hectares in one of the most productive copper-gold regions in North America, the GEMS assets—Victoria, Espiritu, and Los Ocotes—are located near major producers including Alamos Gold’s Mulatos Mine and Agnico Eagle’s La India Mine, as well as large-scale porphyry systems like Grupo Mexico’s Cananea and La Caridad.
Victoria Project: Drill-Ready Copper-Gold-Molybdenum Target
Victoria exhibits porphyry-style alteration with stockwork and breccia-hosted Cu-Mo-Au mineralization.
Drill permits are already in place, and DEF intends to launch a diamond drill program to test high-priority zones.
Espiritu and Los Ocotes Projects: District-Scale Upside
The Espiritu Project (2,711 ha) and Los Ocotes Project (2,283 ha) both show features of large-scale hydrothermal systems and remain significantly underexplored.
Espiritu is located within 100 km of several producing mines, while Los Ocotes lies within 40 km of Minera Alamos’ Santana Mine and other nearby operations.
CEO Commentary
Chairman and CEO Chris Wright stated, “This acquisition aligns with our core strategy of advancing top-tier assets in Mexico. The GEMS team brings deep exploration and financing experience, and this transaction positions Defiance with an expanded copper-gold-silver portfolio in one of the world’s premier mining jurisdictions.”
Next Steps
Following completion of the acquisition, DEF plans to initiate a comprehensive exploration campaign across all three GEMS projects.
With drill permits secured, the company aims to unlock resource potential in a proven mining district while continuing to advance its flagship Zacatecas and Tepal projects.
Source: https://www.newsfilecorp.com/release/247526/
More info: https://www.reddit.com/r/Wallstreetbetsnew/comments/1k0ymdb/defiance_silver_defv_dncvf_to_acquire_green_earth/
Posted on Behalf of Defiance Silver Corp.