Defiance Silver Corp. is pleased to announce that it has entered into an option to acquire 1,915 Ha surrounding the Tepal Gold-Copper Project in Michoacán, Mexico. Defiance has agreed to pay the annual concession fees until a production decision has been made, upon which Defiance will pay the vendor USD $2 million for 100% ownership of the mining concessions. Chris Wright, Chairman & CEO of Defiance commented, "The [...]
Defiance Silver Corp. is pleased to announce that Geologix Explorations Mexico, a subsidiary of Defiance Silver Corp., has acquired an option to repurchase the royalty on the company's Tepal project in Michoacán, Mexico from Minera Tepal. The company has the option to acquire the existing 2.5% NSR from Minera Tepal over four years for total consideration of USD $4.85 million. Payments may be accelerated at the option of [...]
Defiance Silver Corp. is pleased to report that drilling has commenced on the San Acacio project in Zacatecas, Mexico. The drill program is planned as a minimum 5,000 metre program. Drilling has been prioritized on testing the Veta Grande Vein System in hanging wall structural offsets; the Veta Grande Structure at depth and blind hanging wall and footwall veins outside of the known resource and historical mining areas [...]
Defiance Silver Corp. is pleased to announce that it has entered into a definitive option agreement with Pan American Silver Corp. to acquire a 100% interest in Pan American's Lucita property, located adjacent to Defiance's San Acacio project . If the option requirements are satisfied and the option is exercised by the Company, this acquisition would nearly triple the land position of Defiance in the historic Zacatecas [...]
Defiance Silver Corp. is pleased to announce several appointments to its executive and management teams, including Mr. George Cavey P.Geo, who has joined the Company as Vice President, Exploration. Mr. Douglas Cavey is joining as Vice President of Corporate Development and Senior Technical Advisor along with Ms. Jennifer Roskowski as Principal Geologist. All three individuals have been an integral part of Defiance's [...]
Defiance Silver Corp. is pleased to announce that it has repaid in full the Company's outstanding Loan with Windermere Capital Fund SPC . The Loan was originally announced on June 19th, 2018, and subject to several increases, with the final extension announced on December 19th, 2019. The Company has now repaid the total outstanding balance of $1,312,018 including accrued interest. The Loan was secured by the assets of the [...]
Defiance Silver Corp. is pleased to announce that it has closed the previously announced brokered private placement 29,415,000 units at a price of C$0.34 per Unit , which includes 8,825,000 Units issued pursuant to the exercise in full of the Agents' overallotment option, for gross proceeds totaling C$10,001,100 . The Offering was led by Red Cloud Securities Inc. and included Canaccord Genuity Corp. . Each Unit consists [...]
Defiance Silver Corp. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., as lead agent and sole bookrunner , on its own behalf and, if applicable, on behalf of a syndicate of agents in connection with a best efforts, private placement of up to 20,590,000 units of the Company at a price of C$0.34 per Unit for gross proceeds of up to C$7,000,600 . Each Unit will be comprised of one [...]
Defiance Silver Corp. is pleased to announce that it is resuming its aggressive field program that includes core re-logging, surface and underground mapping, geochemistry and surface diamond drilling. To ensure the health and safety of its employees, contractors, consultants, and the local community, the Company is adopting and integrating rigorous health and safety procedures to protect worker and community exposure [...]
At the request of IIROC, Defiance Silver Corp. wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity. About Defiance Silver Corp. Defiance Silver Corp. is an exploration company advancing the district-scale San Acacio Deposit, located in the historic Zacatecas Silver District and the 100% owned Tepal [...]
Defiance Silver Corp. is pleased to announce the delineation of multiple and significant new targets at the San Acacio silver project as well as to provide a corporate update. Defiance's technical advisors, OreQuest Consultants , have spent the past 6 months executing a work program focused on property-scale mapping, 3D modeling and drill core re-logging at the San Acacio project. As a result of this program, OreQuest and [...]
Defiance Silver Corp. is pleased to announce that it has successfully renegotiated and significantly extended the terms of the option agreement on the Company's flagship San Acacio Silver project. The project vendor has agreed to extend the option agreement terms by three years from September 27, 2020 to September, 27, 2023. In addition, 80% of the option payments due before March 27 and June 27, 2020 have been deferred [...]
