Defiance Silver Starts 10,000m Drill Program at the Zacatecas Project
Rhea-AI Summary
Defiance Silver (OTCQX: DNCVF) has launched a significant 10,000-meter oriented core drill program at its Zacatecas project in Mexico. The drilling campaign, executed by Major Drilling SA de CV, aims to advance the project toward a new mineral resource estimate at San Acacio and explore high-potential targets, particularly following promising results from Lucita in 2021.
The company also provided additional disclosure regarding its June 2025 financing, clarifying that C$90,000 and 360,000 finder's warrants were issued to Sabine Hogel as part of the aggregate finder's fee.
Positive
- Launch of substantial 10,000-meter drill program indicates significant exploration commitment
- Partnership with globally recognized drilling company Major Drilling SA de CV
- Program builds on previous high-grade silver drilling success at Lucita
Negative
- Additional finder's fee disclosure suggests complex financing structure
- Resource estimate pending completion of drill program indicates early-stage status
News Market Reaction
On the day this news was published, DNCVF gained 18.07%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2025) - Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) (WKN: A1JQW5) ("Defiance" or the "Company") is pleased to report that a new drilling campaign has started on the company's Zacatecas project. The drill program is planned as a minimum 10,000-meter oriented core drill program.
Chris Wright, Executive Chairman & CEO, commented:
"We are pleased to announce the commencement of our 10,000-meter drill program, which will guide the next phase towards the publication of a new mineral resource estimate at San Acacio and test numerous targets building on previous high-grade silver drilling results, particularly following up on success from Lucita in 2021."
Drilling is being completed by Major Drilling SA de CV, a globally recognized drilling company with global operations and importantly, extensive drilling experience with the company in Mexico and in Zacatecas state.
Clarifying Finder's Fee Disclosure
Defiance also announces additional disclosure regarding its June 20, 2025 financing. As part of the aggregate finder's fee, the Company paid C
About Defiance Silver Corp.
Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company advancing the district-scale Zacatecas project, located in the historic Zacatecas Silver District, the Tepal Gold/Copper Project in Michoacán state, and the Green Earth copper-gold project in Sonora state, Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring, advancing, and developing several operating mines and advanced resource projects. Defiance's corporate mandate is to advance our projects through capital-efficient exploration focused on resource growth and new mineral discoveries.
On behalf of Defiance Silver Corp.
"Chris Wright"
CEO & Chairman of the Board
For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at info@defiancesilver.com
Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
Tel: +1 (604) 343-4677
Email: info@defiancesilver.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266138
FAQ
What is the size of Defiance Silver's (DNCVF) new drill program at Zacatecas?
Who is conducting the drilling operations for Defiance Silver at Zacatecas?
What was the finder's fee disclosed by Defiance Silver in September 2025?
What is the purpose of Defiance Silver's new drilling program?
What projects does Defiance Silver (DNCVF) currently operate?
