Defiance Silver Corp. and ValOro Resources Inc. are pleased to announce that, further to their News Release dated September 17, 2018, Defiance and ValOro have signed a Definitive Arrangement Agreement dated November 5, 2018 to complete their friendly merger. ValOro has arranged a special shareholder meeting for December 17, 2018 to vote on the merger and related matters. The Transaction has the unanimous support of both [...]
Defiance Silver Corp. announces that, further to its news releases of June 19, 2018 and September 17, 2018, it has increased its third party loan facility from $700,000 to up to $1,120,810. The additional proceeds provide Defiance with the funding necessary to complete its proposed merger with ValOro Resources Inc. , and to continue its exploration of the San Acacio Silver project in Zacatecas, Mexico. The loan is [...]
Defiance Silver Corp. and ValOro Resources Inc. are pleased to announce that they entered into a Letter of Intent on September 5, 2018 to complete a friendly merger that will create a significant Mexico focused explorer with an advanced portfolio of silver and gold projects . The combined company will continue under the name of Defiance Silver Corp. and will be led by a highly experienced management team from both [...]
Defiance Silver Corp. is pleased to announce it has successfully renegotiated and extended the terms of its San Acacio Silver Project option agreement. The project vendor has agreed to postpone a substantial amount of the payments due in 2018 to September 27, 2020. As a result, Defiance will be making four quarterly payments of US$226,900 totaling US$907,600 in year one and four quarterly payments of US$250,000 totaling [...]
Defiance Silver is pleased to announce that it has completed its acquisition of MAG Silver's Zacatecas Silver District holdings and its regional exploration database covering 135,000ha. As consideration for the sale, Defiance issued 5,000,000 shares to MAG. The shares are subject to an eighteen month hold period ending December 22, 2019. When necessary, MAG agrees to vote its shares owned in accordance with the [...]
Defiance Silver is pleased to announce that it has entered into a loan agreement which allows the Company to borrow up to $700,000. The proceeds provide Defiance with the funding necessary to continue its exploration of the San Acacio Silver project in Zacatecas, Mexico. The Loan is unsecured and will bear interest at the rate of 1% per month, accrued daily. It will mature on the earlier of June 19, 2019, or the date [...]
Defiance Silver is pleased to announce the results from a recently completed geophysics program employing Atomic Energy Resonance Imaging technology. This cutting-edge technology recently completed its proof-of-concept testing resulting in multiple new discoveries in North America. At the San Acacio project, it identified a significant anomaly at depth, coincident with the recently delineated Induced Polarization target [...]
Defiance Silver is pleased to announce that it has entered into a binding agreement to acquire MAG Silver's Zacatecas Silver District holdings. As consideration for the sale, MAG will acquire 5,000,000 common shares of Defiance representing an approximate 5% strategic investment position. Defiance will receive a 100% interest in MAG's Lagartos Project along with a significant regional exploration database covering [...]
Defiance Silver is pleased to announce that it has identified a significant new target at depth at the San Acacio Project in Zacatecas. The large open-ended target covers an area extending over 200 meters in a northwest to southeast direction along the 900-meter under-explored portion of the Veta Grande vein, immediately southeast of the San Acacio deposit. This new target was identified by an Induced Polarization survey [...]
Defiance Silver is pleased to announce the appointment of Mr. Peter J. Hawley as Interim President and CEO. Mr. Hawley is currently the Chairman of the Board, and an integral part of the Defiance team with over 36 years of geological and mining experience spanning grassroots exploration through to development and production. Mr. Peter J. Hawley, BSc, BEng, PGeo, has worked extensively with a large number of intermediate [...]
Defiance Silver Corp. announces the resignation of Mr. Roy Bonnell as Chief Executive Officer and President effective immediately. Defiance has commenced a search for his replacement. A Panoramic Video on the San Acacio Deposit is available on our website, or Click Here to visit our Defiance YouTube Channel. Defiance Silver Corp. is a silver explorer and developer advancing the San Acacio Deposit, located in the historic [...]
Defiance Silver is pleased to announce the commencement of a Phase II, 5,000 meter drill program targeting new high-grade silver shoots along a 900m section of the Veta Grande vein located southeast of the San Acacio Silver Deposit in Zacatecas, Mexico. "We are excited to begin the first systematic drill program testing the Veta Grande vein east of San Acacio. Our geological model indicates that with the Veta Grande [...]