Defiance Silver Corp.
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Defiance Silver Receives Updated Drill Permit for Victoria Copper Project, Sonora, Mexico
TMX Newsfile· 2026-02-26 06:50
Core Viewpoint - Defiance Silver Corp. has received environmental authorization from Mexico's SEMARNAT to conduct exploration drilling at the Victoria target within its Green Earth Project in Sonora, Mexico [1][2]. Group 1: Environmental Approval - The Informe Preventivo, which is the environmental authorization required for exploration drilling, has been approved, reflecting the company's commitment to responsible exploration and environmental stewardship [2]. - The approval grants a drilling permit valid for 36 months, allowing for up to 89 drill pads and the construction of new access roads, contingent upon compliance with environmental terms [2]. Group 2: Project Significance - The Victoria copper project is highlighted as a significant opportunity for drilling a large-scale copper-molybdenum target, featuring surface mineralization, hydrothermal alteration, and promising geophysical data [3]. - The updated drilling permit enables the company to advance its activities at the Victoria project [3]. Group 3: Company Overview - Defiance Silver Corp. is focused on advancing its projects, including the Zacatecas project and the Tepal Gold/Copper Project, through capital-efficient exploration aimed at resource growth and new mineral discoveries [4].
Defiance Silver Signs Long-Term Access Agreement at Its Green Earth Project, Sonora
TMX Newsfile· 2026-02-12 07:01
Core Viewpoint - Defiance Silver Corp. has secured a long-term surface access agreement for the Victoria target at its Green Earth Project in Sonora, Mexico, which is crucial for advancing exploration and development in a capital-efficient manner [1][2]. Company Developments - The five-year agreement allows the company to conduct surface exploration, drilling, and engineering studies at the Green Earth Project [1]. - The Victoria target is a large, previously untested porphyry copper-molybdenum-gold system located in the Sonora Laramide Porphyry Copper Belt, known for hosting world-class deposits [2]. - The Green Earth Project covers approximately 6,800 hectares and benefits from excellent infrastructure, year-round access, and proximity to skilled labor and services [2]. Stock Options and Awards - Defiance has granted a total of 2,720,000 incentive stock options to employees, directors, and consultants at an exercise price of $0.35, with a five-year exercise period and vesting over three years [4]. - An aggregate of 289,000 Deferred Share Units has been granted to certain directors, vesting on the one-year anniversary of the grant [5]. - A total of 458,000 Performance Share Units have been granted to employees, vesting on the one-year anniversary subject to performance criteria [6]. - An aggregate of 314,000 Restricted Share Units has been granted, vesting equally over three years starting from the one-year anniversary of the grant [7]. Company Overview - Defiance Silver Corp. is focused on advancing district-scale precious and base metal projects in Mexico, led by a management team experienced in exploration and development [8].
Defiance Silver Reports High-Grade Trenching Results at San Acacio, Zacatecas
Newsfile· 2025-11-19 06:40
Core Viewpoint - Defiance Silver Corp. has successfully completed a trench sampling campaign at its San Acacio property in Zacatecas, Mexico, revealing high-grade mineralization that will support an upcoming mineral resource estimate [1][2][25]. Trenching Program Overview - The trenching program covered approximately 2.1 km of the Veta Grande vein system, with 1.1 km of trenching completed, returning grades up to 5180 g/t Ag and 4.85 g/t Au [2][8]. - A total of 76 trenches were excavated in the Almaden-Carolina pits, with most samples returning values over 60 g/t Ag, and trench CHSA-24-32 returning 3.25m grading 354.6 g/t Ag, 4.16 g/t Au, 4.16% Pb, and 0.52% Zn [6][13]. - In the Esperanza-Guadalupe pits, 49 trenches were excavated, with trench CHSA-24-116 yielding the highest silver sample of 5180 g/t Ag over 0.60m [15]. Mineralization Insights - The Veta Grande vein system is characterized by significant silver, zinc, and lead mineralization, with evidence of multiple hydrothermal events [20][14]. - The average grade of the samples collected from the trenching program was 63.0 g/t Ag, with a maximum of 5180 g/t Ag recorded [11][12]. Sampling Summary - The trenching program involved 152 trenches sampled, totaling 1098 meters, with 1016 channel samples collected [11][12]. - The Veta Grande vein samples showed an average grade of 147.5 g/t Ag, while unconsolidated trench debris samples averaged 205.36 g/t Ag [11][14]. Company Progress and Future Outlook - The results from the trenching campaign are expected to enhance the understanding of the surface geology and mineralization, contributing to the company's mineral resource estimate [2][25]. - The high-grade results and continuity between historical open pits indicate significant exploration potential for similar targets within the company's land package in the Zacatecas district [25].
Defiance Silver Starts 10,000m Drill Program at the Zacatecas Project
Newsfile· 2025-09-12 04:55
Group 1 - Defiance Silver Corp. has initiated a new drilling campaign at the Zacatecas project, with a planned minimum of 10,000 meters of oriented core drilling [1] - The drilling program aims to guide the next phase towards a new mineral resource estimate at San Acacio and to test various targets based on previous high-grade silver drilling results, particularly following the success at Lucita in 2021 [1] - Major Drilling SA de CV, a globally recognized drilling company with extensive experience in Mexico and Zacatecas state, is conducting the drilling [1] Group 2 - Defiance Silver Corp. disclosed additional information regarding a finder’s fee related to its June 20, 2025 financing, which included a payment of C$90,000 and the issuance of 360,000 finder's warrants to an arm's length party [2] - The company is focused on advancing the district-scale Zacatecas project, the Tepal Gold/Copper Project in Michoacán state, and the Green Earth copper-gold project in Sonora state, Mexico [3] - Defiance is managed by a team with a proven track record in exploring and developing operating mines and advanced resource projects, emphasizing capital-efficient exploration aimed at resource growth and new mineral discoveries [3]
Defiance Silver Completes Acquisition of Green Earth Metals Inc.
Newsfile· 2025-07-16 05:00
Core Viewpoint - Defiance Silver Corp. has successfully completed the acquisition of Green Earth Metals Inc. (GEMS), enhancing its position in the exploration sector with three copper-gold-silver projects in Sonora, Mexico [1][2][6]. Company Summary - Defiance has acquired 100% of GEMS, solidifying its status as a leading exploration company in Mexico's mineral belts [2][6]. - The acquisition involved issuing 4,954,613 common shares of Defiance at a deemed price of C$0.255 per share, totaling C$1,263,426 [5][6]. - GEMS projects cover 6,795.22 hectares in Sonora, a region known for significant copper deposits, including Cananea and La Caridad [6][8]. Industry Context - Sonora is recognized as Mexico's premier mining jurisdiction, contributing 75.6% of the country's copper production and 25.7% of gold output as of early 2024 [8]. - The state accounts for 31.4% of the national mining value, highlighting its robust mining environment [8]. - The GEMS projects are strategically located near major mining operations, such as Alamos Gold's Mulatos Mine, which produces over 120,000 ounces of gold annually [9][8]. Exploration Potential - Defiance plans to advance exploration efforts on the newly acquired projects, with a comprehensive exploration campaign including a diamond drill program at the Victoria project [7][12]. - Historical exploration has indicated extensive geological features suggestive of large-scale hydrothermal Cu-Au-Ag systems within the Porphyry Copper Belt of Sonora [12][13]. - The Victoria Project consists of 1,795.22 hectares and shows potential for secondary copper enrichment, indicating strong exploration upside [13][12].
Defiance Silver Corp. Announces Upsize of the Brokered LIFE Offering and Non-Brokered Private Placement for Aggregate Gross Proceeds of up to C$14.5 Million
Newsfile· 2025-06-05 19:16
Core Viewpoint - Defiance Silver Corp. has announced an increase in its private placement offering due to strong investor demand, raising the total gross proceeds from C$8 million to C$14.5 million [1][4]. Group 1: Offering Details - The upsized Marketed Offering will consist of the sale of up to 52 million units at a price of C$0.25 per unit, aiming for gross proceeds of up to C$13 million [1][2]. - Each unit will include one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at C$0.35 within 24 months of the closing date [2]. - The Company has granted the sole agent, Red Cloud Securities Inc., an option to sell an additional 8 million units for up to C$2 million in gross proceeds [3]. Group 2: Use of Proceeds - The net proceeds from the Brokered Offering will be allocated for exploration work on the Company's projects, completing a mineral resource estimate at the San Acacio project, making cash option payments on the Tepal project, and providing general working capital [4]. - The net proceeds from the Non-Brokered Offering will primarily be used for general working capital [4]. Group 3: Regulatory and Compliance - The offerings will be conducted under the listed issuer financing exemption, allowing for immediate trading of the common shares and warrant shares in Canada [5]. - The Brokered Offering is scheduled to close on June 17, 2025, subject to regulatory approvals, including from the TSX Venture Exchange [9]. Group 4: Company Overview - Defiance Silver Corp. is focused on advancing the Zacatecas project and the Tepal Gold/Copper Project in Mexico, managed by a team experienced in developing mining projects [11].
Defiance Silver Corp. Announces Brokered LIFE Offering for Gross Proceeds of up to C$8 Million
Newsfile· 2025-06-04 21:23
Core Viewpoint - Defiance Silver Corp. has announced a brokered private placement offering to raise gross proceeds of up to C$8 million through the sale of up to 32 million units at a price of C$0.25 per unit [1][2]. Group 1: Offering Details - Each unit will consist of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at a price of C$0.35 within 24 months following the closing date [2]. - The company grants the agent an option to sell up to an additional 8 million units for additional gross proceeds of up to C$2 million [3]. - The offering is scheduled to close on June 17, 2025, subject to regulatory approvals [8][9]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for exploration work on the company's projects, completing a mineral resource estimate at the San Acacio project, making cash option payments on the Tepal project, and providing general working capital [4]. Group 3: Regulatory Compliance - The units will be offered to purchasers in specific Canadian provinces under the Listed Issuer Financing Exemption, and may also be sold in offshore jurisdictions and the United States under applicable exemptions [5][7]. - All securities not issued under the Listed Issuer Financing Exemption will be subject to a hold period of four months and one day following the closing date [7]. Group 4: Company Overview - Defiance Silver Corp. is focused on advancing the Zacatecas project and the Tepal Gold/Copper Project in Mexico, managed by a team with a proven track record in mine development [11].