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Defiance Silver Starts 10,000m Drill Program at the Zacatecas Project

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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.

Defiance Silver (OTCQX: DNCVF) ha avviato un significativo programma di trivellazione orientata di 10.000 metri nel suo progetto Zacatecas, in Messico. La campagna di perforazione, eseguita da Major Drilling SA de CV, punta ad avanzare il progetto verso una nuova stima delle risorse minerarie a San Acacio e a esplorare bersagli ad alto potenziale, soprattutto a seguito dei risultati promettenti di Lucita nel 2021. L’azienda ha inoltre fornito ulteriori chiarimenti riguardo al finanziamento di giugno 2025, chiarendo che C$90,000 e 360,000 warrant di finder sono stati emessi a Sabine Hogel come parte della fee aggregata del finder.

Defiance Silver (OTCQX: DNCVF) ha lanzado un importante programa de perforación de núcleo orientado de 10,000 metros en su proyecto Zacatecas, en México. La campaña de perforación, llevada a cabo por Major Drilling SA de CV, tiene como objetivo avanzar el proyecto hacia una nueva estimación de recursos minerales en San Acacio y explorar objetivos de alto potencial, especialmente tras los resultados prometedores de Lucita en 2021. La empresa también proporcionó información adicional sobre su financiamiento de junio de 2025, aclarando que C$90,000 y 360,000 warrants de finder fueron emitidos a Sabine Hogel como parte de la comisión total de finder.

Defiance Silver (OTCQX: DNCVF)는 멕시코 자카테카스 프로젝트에서 1만 미터 규모의 방향성 시추 프로그램를 시작했습니다. Major Drilling SA de CV가 수행하는 이 시추 캠페인은 산 아카시오에서 새로운 광물자원 추정을 향해 프로젝트를 진전시키고 2021년 루시타의 유망한 결과 이후 특히 잠재력이 높은 목표를 탐색하는 것을 목표로 합니다. 또한 회사는 2025년 6월 자금 조달에 대한 추가 공시를 제공하며 C$90,000 및 360,000 퍼센트의 finder 워런트가 총 Finder 수수료의 일부로 Sabine Hogel에게 발행되었다고 밝혔습니다.

Defiance Silver (OTCQX: DNCVF) a lancé un programme de forage orienté de 10 000 mètres important sur son projet Zacatecas au Mexique. La campagne de forage, menée par Major Drilling SA de CV, vise à faire progresser le projet vers une nouvelle estimation des ressources minières à San Acacio et à explorer des cibles à fort potentiel, notamment après les résultats prometteurs de Lucita en 2021. La société a également fourni des informations complémentaires concernant son financement de juin 2025, précisant que C$90,000 et 360,000 warrants de finder ont été émis à Sabine Hogel dans le cadre de la rémunération globale des finder.

Defiance Silver (OTCQX: DNCVF) hat ein signifikantes 10.000-Meter-gerichtetes Kernbohrprogramm bei seinem Zacatecas-Projekt in Mexiko gestartet. Die Bohrkampagne, durchgeführt von Major Drilling SA de CV, zielt darauf ab, das Projekt zu einer neuen Schätzung der Mineral-Ressourcen in San Acacio voranzubringen und hochpotenzielle Ziele zu erkunden, insbesondere nach den vielversprechenden Ergebnissen von Lucita im Jahr 2021. Das Unternehmen gab zudem weitere Offenlegungen zu seiner Finanzierung im Juni 2025 bekannt und klärte, dass C$90,000 und 360,000 Finder-Warrants Sabine Hogel im Rahmen der gesamten Finder-Gebühr ausgestellt wurden.

Defiance Silver (OTCQX: DNCVF) أطلقت برنامج حفر أساسي موجه بطول 10,000 متر في مشروع Zacatecas بالمكسيك. الحملة الحفرية، التي تنفذها شركة Major Drilling SA de CV، تهدف إلى تقدم المشروع نحو تقدير جديد للموارد المعدنية في San Acacio واستكشاف أهداف ذات إمكانات عالية، خصوصاً بعد النتائج الواعدة من Lucita في 2021. كما قدمت الشركة افصاحاً إضافياً بخصوص تمويل يونيو 2025، موضحة أن C$90,000 و360,000 warrants Finder صدرت إلى Sabine Hogel كجزء من عمولة Finder الإجمالية.

Defiance Silver (OTCQX: DNCVF) 在墨西哥 Zakatecas 项目启动了一个重要的 1万米定向钻探计划。该钻探行动由 Major Drilling SA de CV 执行,旨在推动项目在 San Acacio 的新矿产资源估算,并探索高潜力目标,尤其是在 2021 年 Lucita 取得有前景结果之后。公司还就 2025 年 6 月的融资提供了更多披露,澄清向 Sabine Hogel 发行为 C$90,000 和 360,000 Finder 授权,作为总 Finder 费用的一部分。

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

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$90,000 and issued 360,000 finder's warrants to Sabine Hogel, an arm's length party. This transaction was previously accounted for in the original press release.

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

www.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?

Defiance Silver has initiated a 10,000-meter oriented core drill program at the Zacatecas project.

Who is conducting the drilling operations for Defiance Silver at Zacatecas?

Major Drilling SA de CV, a globally recognized drilling company with extensive experience in Mexico and Zacatecas state, is conducting the drilling operations.

What was the finder's fee disclosed by Defiance Silver in September 2025?

Defiance Silver disclosed a finder's fee of C$90,000 and 360,000 finder's warrants issued to Sabine Hogel, an arm's length party.

What is the purpose of Defiance Silver's new drilling program?

The program aims to guide the next phase towards a new mineral resource estimate at San Acacio and test numerous targets, following up on previous high-grade silver drilling results from Lucita in 2021.

What projects does Defiance Silver (DNCVF) currently operate?

Defiance Silver operates the Zacatecas project 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.
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