The Informe Preventivo has been prepared and filed in accordance with Mexican environmental regulations and reflects Defiance’s commitment to responsible exploration practices and environmental management. The approval grants a drilling permit valid for 36 months and includes permission for up to 89 drilling platforms and the construction of new access roads, subject to compliance with the approved environmental conditions. The company would like to acknowledge the SEMARNAT offices and the joint efforts of the technical and environmental consultants for the efficient assessment process.
“The Victoria copper project represents a rare opportunity to drill a large-scale copper-molybdenum target with incidental surface mineralization, widespread surface hydrothermal alterations and prospective geophysics. This updated drill permit allows Defiance to move forward with the Victoria project.”
– Chris Wright, Executive Chairman and CEO, Defiance Silver
Figure 1: Photo of surface change in Victoria
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About Defiance Silver Corp.
Defiance Silver Corp. (TSXV: DEF,OTC:DNCVF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company advancing the district-level Zacatecas Project located in the historic Zacatecas Silver District, the 100% owned Tepal Gold/Copper Project in the state of Michoacán, Mexico and the newly acquired Green Earth Metals real estate portfolio in the state of Sonora. 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 Silver’s corporate mandate is to advance its projects through capital-efficient exploration focused on resource growth and new mineral discoveries.
On behalf of Defiance Silver Corp.
“Chris Wright”
Chairman of the Council
Disclaimer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information
Information contained in this press release that is not statements of historical fact may constitute “forward-looking information” within the meaning of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that may cause actual results, performance, prospects and opportunities to be materially different from those expressed or implied by such forward-looking information. The words “believe,” “expect,” “anticipate,” “consider,” “plan,” “intend,” “continue,” “budget,” “estimate,” “may,” “will,” “plan,” “understand” and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: the Company’s expectations regarding the ability of the Mining Bureau of Mexico City to restore ownership of the concessions to the Company, its cooperation with the Mining Bureau with respect to such recovery and the potential for a successful resolution resulting therefrom.
Forward-looking information is necessarily based on a number of estimates and assumptions that, while considered reasonable by Defiance, are inherently subject to significant technical, political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include: the Company’s inability to recover its concessions; political risks associated with the Company’s operations in Mexico; the inability of the Mexico City Mining Bureau to take enforcement action to restore ownership of the concessions to the Company; and the inability of the Company and its subsidiaries to enforce their legal rights under certain circumstances. For additional risk factors, please refer to the Company’s most recently filed Management Discussions & Analysis for the quarter ended February 29, 2024, available on SEDAR at www.sedarplus.ca.
There can be no assurance that forward-looking information and statements will prove to be accurate as many factors and future events, both known and unknown, could cause actual results, performance or achievements to vary or differ materially from those expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all of these factors should be carefully considered when making decisions regarding Defiance, and potential investors should not place undue reliance on forward-looking information. Forward-looking information contained in this press release is made as of the date hereof. The Company assumes no obligation to update or revise any forward-looking information to reflect changes in assumptions, changes in circumstances or other events affecting such forward-looking information, except as required by applicable law.
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