Silver Surges - DEF icks Off 10,000m Drill Program Silver Surges - Defiance Silver Kicks Off 10,000m Drill Program in Zacatecas
Silver surged past $41/oz in Sept 2025, its strongest level since 2011, supported by Fed policy expectations, inflation hedging, and structural demand from solar, EVs, and electronics. With $38.20 now acting as key technical support, investors are positioning for upside targets near $44.
In this environment, Defiance Silver (TSXV: DEF | OTCQX: DNCVF) has launched a minimum 10,000m core drilling campaign at its 100%-owned Zacatecas Project—a 4,300-hectare land package in the heart of Mexico’s world-renowned Zacatecas Silver District.
Program Goals
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Advance a new mineral resource estimate at San Acacio, where Defiance controls ~50% of the historic Veta Grande vein system (multi-century silver producer).
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Test multiple high-grade untested targets, including follow-up drilling at Lucita after successful results in 2021.
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Explore the undrilled Palenque vein system, a 12m-wide zone with 4+ km strike returning surface samples up to 700 g/t Ag.
Strategic Positioning
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Zacatecas lies just 8 km north of Zacatecas City, near Fresnillo’s namesake mine (world’s largest primary silver mine) and Capstone’s Cozamin polymetallic operation.
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The project benefits from paved road access, low topography, nearby water/power, and a skilled local workforce.
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Past drilling confirmed mineralization at San Acacio to 335m depth with potential extensions over 1 km—comparable to neighboring deposits.
CEO Chris Wright:
"This program is designed to build towards a new resource estimate at San Acacio while testing numerous new targets, particularly following up on Lucita’s success. The potential scale and historic production profile of this district positions Zacatecas as a cornerstone growth asset."
With no current NI 43-101 resource, Defiance aims to combine modern geoscience with drilling to unlock Zacatecas’ multi-layered silver potential—exactly as institutional inflows into silver ETFs and miners accelerate.
https://www.cruxinvestor.com/posts/silver-breaks-41-on-geopolitical-premium-and-demand-investors-position-for-structural-upside
*Posted on behalf of Defiance Silver Corp.