DEF's Strategic Buy & Zacatecas/Tepal Resource Growth Plans Defiance Silver Corp. (DEF.v or DNCVF for U.S. investors) is reinforcing its position as a Gold-Copper-Silver explorer in Mexico through parallel development of its flagship Zacatecas Silver Project and the gold-copper-silver Tepal Project, while simultaneously expanding its footprint via the proposed acquisition of Green Earth Metals Inc. (GEMS).
This multi-front growth strategy underscores Defiance's commitment to resource expansion, district-scale exploration, and value creation heading into 2025.
In Zacatecas, where Defiance holds the second-largest land position in one of Mexico’s most prolific silver districts, exploration is focused on two high-priority areas: San Acacio and Lucita.
At San Acacio, located along the historic Veta Grande system—credited with over 150 million ounces of silver production—more than 25,000m of drilling has been completed since 2014. The company is moving toward 100% ownership and preparing a new NI 43-101 resource update for release in 2025.
At the Lucita target, Defiance has identified multiple silver-rich zones. Drilling at Lucita South has traced the Palenque vein system along 4 km of strike, with early results supporting further follow-up.
At Lucita East, drilling has intercepted grades up to 3,260 g/t Ag, while Lucita North—a polymetallic target with historical results including 1.25m of 779 g/t Ag—is on deck for its first drill campaign this year.
Further south in Michoacn, Defiance continues advancing its 100%-owned Tepal Project, a large-scale porphyry system with current measured and indicated resources totaling 926,000 oz Au, 473.86 million lbs Cu, and 5.58 million oz Ag.
Recent drilling in the South Zone returned long intervals of mineralization, including 150.8m grading 0.41% Cu and 1.21 g/t Au. A new preliminary economic assessment (PEA) is currently underway.
In a strategic move to bolster its asset base, Defiance has signed a non-binding LOI to acquire Green Earth Metals, a private company with three drill-permitted copper-gold-silver-molybdenum projects totaling 6,795.22 hectares in Sonora
These properties are positioned within the same mineral belt as Grupo Mexico’s Cananea and La Caridad mines and near Alamos Gold’s Mulatos Mine. The flagship Victoria Project is drill-ready and shows signs of a porphyry-style Cu-Mo-Au system, while Espiritu and Los Ocotes present additional district-scale upside.
If completed, the transaction will significantly expand Defiance’s presence in the Sonoran Desert, one of North America’s premier copper-gold mining regions.
More on the Green Earth Metals acquisition here:
https://defiancesilver.com/news/2025/defiance-silver-to-acquire-mexico-focused-green-earth-metals/
Full Investor Deck:
https://defiancesilver.com/assets/docs/presentations/2025-Investor%20Presentation%20Feb-20250205160240.pdf
Posted on behalf of Defiance Silver Corp.