Catalyst Watch: Defiance Silver (TSXV: DEF) Expands Portfolio with Strategic Copper-Gold Acquisition in Mexico
Defiance Silver Corp. has entered into a non-binding Letter of Intent (LOI) to acquire 100% of Green Earth Metals (GEMS), with three drill-permitted copper-gold-silver-molybdenum projects in Mexico’s Sonoran Desert porphyry belt.
This strategic acquisition is significant for several reasons:
* - Strategic Expansion: GEMS’ 6,795-hectare portfolio is situated in a proven jurisdiction near major producers like Alamos Gold, Grupo Mexico, and Pan American Silver.
* - Drill-Ready Assets: Victoria, Espiritu, and Los Ocotes projects offer near-term exploration potential due to their porphyry-style mineralization and the fact that all permits are in place.
* - Tier-One Team: GEMS was founded by veteran geoscientist Richard Osmond, adding depth to Defiance’s technical expertise.
CEO Chris Wright emphasized the importance of this deal, describing it as a “major step forward” that positions Defiance to unlock new value as it expands its high-grade assets across Zacatecas, Tepal, and now Sonora.
With exposure to copper, gold, and silver, and multiple active programs, DEF is building momentum across a diversified Mexican portfolio.
*Posted on behalf of Defiance Silver Corp.
https://defiancesilver.com/news/defiance-silver-to-acquire-mexico-focused-green-earth-metals