Au, Ag, Cu: DEF's recent key technical and corporate strides Defiance Silver Corp. (tickers: DEF.v or DNCVF for U.S. investors) is a Canadian mineral exploration company advancing district-scale projects in Mexico. Its two core assets—the Zacatecas Silver Project in Zacatecas and the 100%-owned Tepal Gold-Copper Project in Michoacn—give it exposure to some of the country’s most prolific mining regions.
Over the past several months, Defiance has made key technical and corporate strides to strengthen its portfolio and position for future growth. Recent developments include:
• 111.67Mt Measured & Indicated @ 0.26 g/t Au, 0.19% Cu, 1.55 g/t Ag
• 124.36Mt Inferred with additional potential at depth
-
Filing of an amended NI 43-101 technical report in January 2025 confirming the resource estimate
-
Positive metallurgical testing results, with copper recoveries up to 86% in certain zones
-
A new NI 43-101 technical report filed for the Zacatecas Project, replacing a 2014 non-compliant estimate
-
Completion of 73 new drill holes totalling over 26,500m at Zacatecas, alongside surface mapping and soil sampling
-
Extension of the option agreement on the San Acacio Project into 2025
-
A $3.27M financing closed across three tranches at C$0.20/unit, with half-warrants exercisable at C$0.35 for 24 months
Looking ahead, Defiance Silver has several exploration and development catalysts that could drive value across both projects:
• Publication of an updated NI 43-101 technical report
• Continued drilling around known mineralized zones across the district
• Advancement toward a maiden resource estimate at San Acacio using historic and recent data
• Exercising the option to earn 100% ownership of San Acacio
• Follow-up on a recent high-grade silver discovery at Lucita South (>3 kg/t Ag in first-pass drilling)
• First drill campaign at Lucita North expected in 2025
• Exploration targeting high-grade copper-gold mineralization at depth in the South Zone
• Further drilling and sampling on priority targets
• Non-binding LOI signed to acquire Green Earth Metals Inc., a private company with three drill-permitted copper-gold-silver projects in Sonora, Mexico
• Projects include Victoria, Espiritu, and Los Ocotes, covering a combined 6,795 hectares
• Located in a prolific mining belt near Alamos Gold’s Mulatos Mine
• Acquisition would expand Defiance’s exploration footprint and diversify its asset base in Mexico
With a strengthened balance sheet, a growing resource base, and multiple near-term exploration programs underway, Defiance Silver is well-positioned to advance its projects and unlock additional value in 2025.
Full press releases: https://defiancesilver.com/news
Posted on behalf of Defiance Silver Corp.