CommodityCoverage
2 days ago
Silver is becoming an increasingly attractive investment as it continues to outperform gold, driving the Gold/Silver Ratio down to 88, its lowest level since the beginning of the year.
With silverβs strong industrial demand and its relative affordability compared to gold, the current ratio suggests that silver has significant upside potential, making it an appealing investment opportunity in the current economic environment.
(Source: https://www.bullionvault.com/gold-news/gold-price-news/gold-silver-ratio-inflation-031220251)
Defiance Silver (DEF.v DNCVF) presents a compelling opportunity in the junior mining space, leveraging its Zacatecas and Tepal projects in Mexico to maximize exposure to silver, gold, and copper: https://www.reddit.com/r/Canadapennystocks/comments/1j8yruh/whats_next_for_defiance_silver_defv_dncvf_key/
Notably, the M&A potential for DEF is strong, as Mexico saw $2.7B in silver deals last year, with Tepal alone estimated at $80M-$100M for a potential sale or spin-out. With insiders holding 25% and a seasoned management team that previously sold Orko Silver for $380M, DEF is focused on high-impact exploration with a clear exit strategy, making it an intriguing prospect for investors looking for undervalued junior miners with significant upside.
CommodityCoverage
3 days ago
As detailed by Kitco, silver demand is rising, making it a strong investment opportunity, particularly as technological advancements in solar energy drive higher consumption.
The shift to more silver-intensive solar cells is increasing silver usage per unit, ensuring sustained demand as these cells projected to dominate the global market by 2029. With ongoing replacement of older solar technology, silverβs role in the renewable energy sector continues to expand. (Source: https://www.kitco.com/news/article/2025-03-10/central-bank-gold-demand-slows-tech-boosts-silver-demand-solar-heraeus)
Focused on advancing the two flagship projects in Mexico, Defiance Silver (DEF.v DNCVF) provides a unique opportunity capitalize on rising silver, gold and copper prices as detailed in this deep dive: https://www.reddit.com/r/Canadapennystocks/comments/1j8yruh/whats_next_for_defiance_silver_defv_dncvf_key/
DEF is advancing the Zacatecas Silver Project, a high-potential silver asset in Mexicoβs largest silver-producing state positioned for resource growth and exploration upside, as well as the advanced-stage Tepal Copper-Gold Project which has 1.9M ounces gold, 923M lbs copper in M&I resources as well as peer valuations ranging from $80Mβ$100M USD.
CommodityCoverage
6 days ago
With over 100 million ounces of historic production and a significantly expanded land package, Defiance Silver (DEF.v DNCVF) is advancing the Zacatecas Silver Project, a high-potential silver asset in Mexicoβs largest silver-producing state.
The project is positioned for resource growth and exploration upside with recent high-grade drill results highlighting the potential for a major silver resource expansion and an upcoming resource estimate in H2 2025 targeting 50M+ ounces and a long-term goal of 100M+ ounces.
Strategically located near multiple operating mills, the project benefits from infrastructure advantages that could support toll milling opportunities, strengthening its path toward development.
Learn more about DEF's Zacatecas Project, its Tepal Copper-Gold Project and upcoming milestones here: CORPORATE UPDATE: Unlocking Value in Mexicoβs #Silver & #Copper-#Gold Districts@defiancesilverc $DEF.v $DNCVF
Well positioned to capitalize on rising precious metals prices, $DEF is advancing two flagship projects in Mexico: https://t.co/4oE1OMJgdO
βοΈWhy Invest in Defianceβ¦ https://t.co/yHJvsSA4JGβ Stock Master Flash (@StckMasterFlash) March 7, 2025
CommodityCoverage
1 week ago
According to FXEmpire, Silverβs recent surge past key resistance levels highlights its growing momentum, with bullish technical signals and a weakening U.S. dollar driving prices higher.
This renewed strength not only reinforces silverβs role as a safe-haven asset but also underscores its importance in industrial applications, making it a compelling investment opportunity. (Source: https://www.fxempire.com/forecasts/article/silver-xag-forecast-bullish-momentum-builds-as-gold-strengthens-dollar-weakens-1503602)
Against this backdrop of rising prices and strong market sentiment, Defiance Silver (DEF.v DNCVF) is uniquely positioned to capitalize on the metalβs bullish outlook through its high-potential silver assets.
Leveraging rising silver, gold, and copper prices with two flagship projects in Mexico, DEF controls 4,300 hectares in the Zacatecas Silver District, Mexicoβs premier silver-producing region, and is targeting a resource estimate update in 2025 with a goal of surpassing 50M+ ounces of silver: CORPORATE UPDATE: Unlocking Value in Mexicoβs #Silver & #Copper-#Gold Districts@defiancesilverc $DEF.v $DNCVF
Well positioned to capitalize on rising precious metals prices, $DEF is advancing two flagship projects in Mexico: https://t.co/4oE1OMJgdO
βοΈWhy Invest in Defianceβ¦ https://t.co/yHJvsSA4JGβ Stock Master Flash (@StckMasterFlash) March 7, 2025
CommodityCoverage
1 week ago
"Historically, this stock has delivered multiples of the silver price increaseβwhen silver moves, Defiance moves even more."
Positioned for a major re-rating opportunity, Defiance Silver (DEF.v DNCVF) is leveraging rising silver, gold, and copper prices with two flagship projects in Mexico. As highlighted in a recent update, DEFcontrols 4,300 hectares in the Zacatecas Silver District, Mexicoβs premier silver-producing region, and is targeting a resource estimate update in 2025 with a goal of surpassing 50M+ ounces of silver: CORPORATE UPDATE: Unlocking Value in Mexicoβs #Silver & #Copper-#Gold Districts@defiancesilverc $DEF.v $DNCVF
Well positioned to capitalize on rising precious metals prices, $DEF is advancing two flagship projects in Mexico: https://t.co/4oE1OMJgdO
βοΈWhy Invest in Defianceβ¦ https://t.co/yHJvsSA4JGβ Stock Master Flash (@StckMasterFlash) March 7, 2025
Meanwhile, the advanced-stage Tepal Copper-Gold Project, with 1.9M ounces gold and 923M lbs copper in M&I resources, is actively being evaluated for a potential spinout, JV, or sale, with peer valuations ranging from $80Mβ$100M USD. With no debt, strong insider ownership, and a proven track record of delivering high-value discoveries, DEF is a top-tier exploration and development play in a strengthening commodity cycle.
CommodityCoverage
1 week ago
With silver and gold prices on the rise, Defiance Silver (DEF.v DNCVF) is advancing two flagship projects in Mexicoβs premier mining districts, positioning itself for significant growth. This corporate update with San Diego Torrey Hills Capital dives into the companyβs expanding resource base, high-grade drill results, and upcoming catalysts that could drive a major re-rating: CORPORATE UPDATE: Unlocking Value in Mexicoβs #Silver & #Copper-#Gold Districts@defiancesilverc $DEF.v $DNCVF
Well positioned to capitalize on rising precious metals prices, $DEF is advancing two flagship projects in Mexico: https://t.co/4oE1OMJgdO
βοΈWhy Invest in Defianceβ¦ https://t.co/yHJvsSA4JGβ Stock Master Flash (@StckMasterFlash) March 7, 2025
Whether youβre looking for exposure to silver, gold, or copper, or want to learn about Defianceβs plans for potential asset monetization, this interview provides key insights into a junior miner with strong upside potential.
CommodityCoverage
2 weeks ago
As detailed during a corporate update with San Diego Torrey Hills Capital, Defiance Silver (DEF.v DNCVF) is well positioned to capitalize on rising precious metals prices amid advancing two flagship projects in Mexico and providing exposure to silver, gold, and copper:
With 4,300 hectares in the Zacatecas Silver District, DEF holds the second-largest land position in Mexicoβs top silver-producing state, surrounded by major operators like Fresnillo, MAG Silver, and Capstone Copper. Aggressively expanding its resource base, DEF is targeting 50M+ ounces of silver in its 2025 resource estimate, while its Tepal Copper-Gold Project boasts 1.9M ounces of gold and 923M lbs of copper in M&I resources, with a potential spinout or sale valued at $80β100M USD.
CommodityCoverage
2 weeks ago
Silver surged to a one-week high as trade war concerns fueled haven demand and a weakening dollar made precious metals more attractive, as detailed by Mining.com.
Trade tariffs remain a key focus, with President Trump warning of potential economic discomfort while Commerce Secretary Lutnick hinted at possible tariff adjustments for Canada and Mexico. Unlike gold, silver's industrial demand plays a major role in its pricing, and ongoing supply deficits have raised concerns about tightening availability in the London spot market.
A surge of 100 million ounces into U.S. exchange warehouses due to tariff-driven arbitrage has led to fears that available silver in London may drop below critical levels, potentially disrupting the market. (Source: https://www.mining.com/web/silver-price-extends-advance-on-weaker-dollar-and-trade-war-worries/)
Amid market volatility, Defiance Silver (DEF.v DNCVF) continues to prove its strength with high-grade silver and gold assets in Mexicoβs most prolific mining regions: Strong Fundamentals & Long-Term Value Creation Amid Market Volatility - @defiancesilverc $DEF.v $DNCVF
Continuing to demonstrate strong fundamentals despite market volatility, $DEF is leveraging its premier #silver and #gold assets in Mexicoβs top mining districts with aβ¦ https://t.co/Lr6glgVRAN pic.twitter.com/2RWvT37cT3β Stock Master Flash (@StckMasterFlash) March 5, 2025
With a major resource update expected in 2025 for the Zacatecas Silver Project, one of the largest land holdings in the countryβs historic silver belt, and bulk-tonnage potential with nearly 1 million ounces of gold and 474 million pounds of copper in measured and indicated resources at its Tepal Gold-Copper Project, DEF is well-positioned to capitalize on rising precious metals prices.
CommodityCoverage
3 weeks ago
As the Mexican government considers reinstating open-pit mining licenses, investor confidence is rising, with major mining companies maintaining engagement in the region. Meanwhile, silver prices have surged over 40% in 2024, surpassing $32, and a 177% global production deficit is projected by 2025, underscoring the urgent need for new mines.
Strategically positioned to benefit from Mexicoβs mining revival and a strengthening silver market, Defiance Silver (DEF.v DNCVF) has a new mineral resource estimate for its Tepal Project, allowing for the company to evaluate its transition from open-pit to underground mining while continuing resource expansion. At the Santa Casio Project in Zacatecas, ongoing technical work could lead to a resource update in 2025. As the company advances both projects amid strong silver market tailwinds, Defiance Silver is well-positioned for an active and impactful year ahead: INTERVIEW SUMMARY: Global #silver deficit & Mexico's mining revival: Defiance Silver is prepared
Joining @axinocapital, @defiancesilverc detailed the Mexican mining industry's growth position amid silver market changes + $DEF's assets: https://t.co/MifNtmM92F $DEF.v $DNCVFβ¦ https://t.co/UX5nf9wkBY pic.twitter.com/8OlVHypXqdβ Stock Master Flash (@StckMasterFlash) February 25, 2025
CommodityCoverage
3 weeks ago
Joining Axino Capital, Defiance Silver (DEF.v DNCVF) detailed how the Mexican mining industry is poised for growth amid political and silver market changes alongside how the company is advancing two precious-metals deposits with significant resource growth potential:
With silver prices surging past $32 and a 177% global production deficit forecasted for 2025, the demand for new mines has never been greater and Mexicoβs new administration may reopen mining license approvals. This creates a major opportunity for DEF who recently released an updated Mineral Resource Estimate (MRE) for its Tepal Project, strengthening its transition from open-pit to underground mining. Meanwhile, the Santa Casio Project in Zacatecas, with 18 million ounces of historic silver resources, is advancing toward a potential resource update in 2025. With improving sentiment in Mexicoβs mining sector and a strong silver market, Defiance Silver is positioned for an active and high-growth year ahead.
CommodityCoverage
4 weeks ago
With district-scale silver and gold assets in Mexico, strong exploration results, and significant resource growth potential, Defiance Silver (DEF.v DNCVF) represents a compelling investment opportunity with high-grade drill results from said assets, and an upcoming NI 43-101 resource update: Positioned to capitalize on rising precious metals prices, @defiancesilverc is advancing its Zacatecas #Silver Project, in one of the worldβs most prolific silver belts, & the Tepal #Gold-#Copper Project, with significant resource growth potential. $DEF.v $DNCVF
Why Invest?π½β¦ https://t.co/I5vZdRogze pic.twitter.com/dNqYKvDkfvβ Stock Master Flash (@StckMasterFlash) February 21, 2025
Well-positioned to capitalize on rising silver and gold prices, DEF's Tepal Project offers measured and indicated resources of 926K oz gold and 474M lbs copper, with untapped high-grade zones still to be explored. With key catalysts ahead, including resource updates and further drilling campaigns, Defiance Silver stands out as a well-placed explorer with strong potential for value creation.
CommodityCoverage
4 weeks ago
Targeting the systematic exploration in premier mining jurisdictions with significant resource upside, Defiance Silver (DEF.v DNCVF) is advancing its Zacatecas Silver Project, located in one of the worldβs most prolific silver belts, and the Tepal Gold-Copper Project, a bulk-tonnage deposit with significant resource growth potential: Positioned to capitalize on rising precious metals prices, @defiancesilverc is advancing its Zacatecas #Silver Project, in one of the worldβs most prolific silver belts, & the Tepal #Gold-#Copper Project, with significant resource growth potential. $DEF.v $DNCVF
Why Invest?π½β¦ https://t.co/I5vZdRogze pic.twitter.com/dNqYKvDkfvβ Stock Master Flash (@StckMasterFlash) February 21, 2025
With several upcoming catalysts, including an updated NI 43-101 resource estimate for the San Acacio Project and additional drilling, alongside exploration at the Tepal Project focused on expanding high-grade gold and copper mineralization at depth, DEF is strategically positioned to capitalize on rising metals prices and deliver strong shareholder value.
kiwisteve
10 years ago
Defiance Adds Mine Developer and Metals Trader to Board -
November 06, 2014
Defiance Silver Corp ("Defiance") is pleased to announce that Roger Scammell and Paul Smith have joined the Board of Directors.
Mr. Roger Scammell has 43 years of experience in the mining and exploration industry primarily in North America and MΓ©xico. He was the Country Manager (MΓ©xico) for Teck Corporation and its Mexican subsidiary from 1992 - 2000. Under his direction, Teck discovered the 73 million tonne San Nicolas massive sulphide deposit in Zacatecas and the El Limon gold skarn in Guerrero, MΓ©xico. From 2004 until December 2010, he was responsible for the administration and execution of exploration, development and initial production of the Nuestra SeΓ±ora polymetallic silver mine owned by Scorpio Mining Corporation in Sinaloa, MΓ©xico.
Mr. Paul Smith graduated from Oxford University with an MA in Metallurgy and the Science of Materials. He spent most of his 36 year career in the non-ferrous mining and smelting industry working with Rio Tinto Zinc, Pasminco, Mount Isa Mines and Pechiney World Trade in the UK and internationally. Most recently he was a founding shareholder and Finance Director of Ocean Partners Holdings Limited, a global trader of copper, zinc and lead concentrates. He left Ocean Partners in May 2012 to pursue investment opportunities and charitable activities. Brian Robertson and Chris Bunka have resigned from the Board of Directors.
Bruce Winfield, President & CEO of Defiance, stated, "Roger provides Defiance with another experienced Mine Finder and Developer. His skills directly complement our strong technical abilities. Paul brings Defiance significant expertise at the mine development and production level. His skills at marketing mining products ensures that the Board has expertise ranging from initial discovery through to production. In addition, I would like to thank both Brian and Chris for their contributions to the Board during their tenure with us. We wish them all the best in their future endeavors. "
Defiance has granted 2,020,000incentive stock options under its stock option plan to directors, officers and consultants. The options are exercisable on or before November 5, 2019, at a price of $0.10.
The grant of stock options is subject to TSX Venture Exchange approval.
About Defiance Silver Corp.:
Defiance is engaged in the acquisition and exploration of advanced silver projects in the historic Zacatecas Silver District, Mexico. Defiance is focused on the potential to expand the current resource at the San Acacio deposit, a past producer of between 75 and 100 million ounces of silver in high grade ore from the Veta Grande vein deposit.
On behalf of Defiance Silver Corp.
"Bruce Winfield"
President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
You can view the Previous News Releases item: Tue Oct 7, 2014, Defiance Extends San Acacio Purchase Agreement by Three Years
kiwisteve
10 years ago
Defiance Extends San Acacio Purchase Agreement by Three Years
Defiance Silver Corp. ("Defiance"), is pleased to announce that it has renegotiated its San Acacio Silver Project purchase agreement, extending its option by three years.
October 07, 2014
The new terms of the agreement now call for (all amounts in US$):
The $225,000 property payment due on September 27, 2014 to now to be paid in four equal installments of $56,250 every three months commencing on September 27, 2014.
A three year extension of the option period to September 27, 2018 in exchange for yearly payments, a portion of which will be credited toward the final payment of $5.5 million, as follows:
Date Option Payment Amount credited toward
Final Payment Total Yearly Payment
September 27, 2015 150,000 200,000 350,000
September 27, 2016 150,000 400,000 550,000
September 27, 2017 150,000 600,000 750,000
September 27, 2018 4,300,000*
* If Defiance chooses to accelerate its payments, the balance payable will range between $2.5M and $4.3M
At the discretion of Defiance, any of the yearly payments due in 2015, 2016 and 2017 can be replaced by a payment of $1.0 million, all of which will be credited toward the purchase price.
"I am very pleased that we have been able to extend the option term of the agreement and provide Defiance with additional financial flexibility as it explores and expands its existing resource at the San Acacio Silver Project", stated Bruce Winfield President and CEO,
About Defiance Silver Corp.:
Defiance is engaged in the acquisition and exploration of advanced silver projects in the historic Zacatecas Silver District, Mexico. Defiance is focused on the potential to expand the current resource at the San Acacio deposit, a past producer of between 75 to 100 million ounces of silver.
On behalf of the Directors,
"Bruce Winfield"
Director/CEO
For additional information please visit the Company's website at www.defiancesilver.com.
1610 - 409 Granville Street
Vancouver, BC V6C 1T2
www.defiancesilver.com
Tel: 778-729-0333
Neither the 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.
You can view the Next News Releases item: Thu Nov 6, 2014, Defiance Adds Mine Developer and Metals Trader to Board
You can view the Previous News Releases item: Thu May 15, 2014, Shares for Debt Transaction
kiwisteve
12 years ago
Defiance Closes First Tranche of Its Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Defiance Silver Corp. (the "Company") (TSX VENTURE:DEF), announces that it has closed the first tranche of its private placement announced on July 11, 2013, and has issued an aggregate 2,150,000 Units at $0.10 per Unit for gross proceeds of $215,000. Each Unit is comprised of one common share and one-half of one transferable share purchase warrant ("Warrant"), each whole Warrant entitling the holders to acquire one additional common share for a period of 24 months at an exercise price of $0.15 per share if exercised during the first year and thereafter at a price of $0.20 per share.
All of the securities issued under the private placement, including the Warrants and all of the common shares issuable upon exercise of the Warrants, are subject to statutory and TSX Venture Exchange imposed resale restrictions expiring on November 19, 2013.
Management and insiders which included IMPACT Silver Corp, subscribed for $100,500 of the private placement.
"I am very pleased to have the continued support of IMPACT Silver for Defiance's work program to explore and develop the San Acacio Mine and Santa Gabriela Mill complex in Zacatecas Mexico," states Bruce Winfield, President and CEO of Defiance Silver Corp.
About Defiance Silver Corp.:
Defiance is a near term silver producer engaged in the acquisition, exploration, and development of advanced silver projects in the Zacatecas Silver District, Mexico. The Company's efforts are focused on: 1) the exercising of an option to purchase the San Acacio Mine, 2) the purchase and refurbishment of the 200 tpd Santa Gabriela Mill, and 3) the definition of feed for the Santa Gabriela Mill from surface dumps and from the San Acacio Mine with its 43-101 compliant silver resource (reference Defiance Silver Corp New release dated October 25, 2012).
Disclaimer: Although Defiance is working to bring the Santa Gabriela Mill and the San Acacio Mine back into production, Defiance has not completed a 43-101 compliant Feasibility Study. Hence the project has increased uncertainty and increased economic and technical risks of failure associated with its development.
Mr. Bruce Winfield, P. Geo., President and CEO of the Company is the Qualified Person for information contained in this press release. Mr. Winfield is a Qualified Person within the meaning of NI 43-101.
On behalf of the Directors,
Bruce Winfield, President and CEO
For additional information please visit the Company's website at www.defiancesilver.com.
Neither the 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.
Forward-Looking Statements. This Defiance News Release may contain certain "forward-looking" statements and information relating to Defiance that are based on the beliefs of Defiance management, as well as assumptions made by and information currently available to Defiance management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Specifically, there is no assurance Defiance will be able to raise the minimum or maximum private placement on the terms and conditions referred to above. Defiance does not assume the obligation to update any forward-looking statement.
Contact Information
Defiance Silver Corp.
1500 - 409 Granville Street
Vancouver, BC V6C 1T2
778-729-0333
www.defiancesilver.com
kiwisteve
12 years ago
Defiance Silver Announces $0.50 Million Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 25, 2013) -
Defiance Silver Corp ("Defiance" or the "Company") (TSX VENTURE:DEF) is pleased to announce a non-brokered private placement (the "Offering") of up to 3,333,400 units of the Company (the "Units") at a price of $0.15 per Unit for gross proceeds of up to $500,000.
The Offering is subject to an overallotment option whereby the Company may increase the Offering by up to 50% depending on market demand.
Each Unit will consist of one common share of the Company and one full common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company for a period of two years from the closing date of the Offering at a price of $0.25 per common share during year one and $0.35 during year two.
Closing of the Offering is subject to receipt of all required regulatory approvals including the approval of the TSX Venture Exchange. Securities issued under the Offering will be subject to a four month hold period which will expire four months from the date of closing of the Offering. The Company may pay finder's fees in compliance with TSX Venture Exchange policies on some or all of the Offering.
The proceeds from the offering will be used at the discretion of the Company for: metallurgical testing, ongoing refurbishment of the Santa Gabriela Mill, development of the San Acacio Silver Mine, and for general working capital purposes.
About Defiance Silver:
Defiance Silver Corp. is a near term silver producer engaged in the acquisition, exploration, and development of advanced silver projects in the Zacatecas Silver District, Mexico. The Company's efforts are focused on: 1) the exercising of an option to purchase the San Acacio Mine, 2) the purchase and refurbishment of the 200 tpd Santa Gabriela Mill, and 3) the definition of feed for the Santa Gabriela Mill from surface dumps and from the San Acacio Mine with its 43-101 compliant silver resource (reference Defiance Silver Corp New release dated October 25, 2012).
Disclaimer: Although Defiance is working to bring the Santa Gabriela Mill and the San Acacio Mine back into production, Defiance has not completed a 43-101 compliant Feasibility Study. Hence the project has increased uncertainty and increased economic and technical risks of failure associated with its development.
Mr. Bruce Winfield, P. Geo., President and CEO of the Company is the Qualified Person for information contained in this press release. Mr. Winfield is a Qualified Person within the meaning of NI 43-101.
On behalf of the Defiance Silver Corp
W.D. Bruce Winfield, President and CEO
Forward-Looking Statements. This Defiance News Release may contain certain "forward-looking" statements and information relating to Defiance that are based on the beliefs of Defiance management, as well as assumptions made by and information currently available to Defiance management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Specifically, there is no assurance Defiance will be able to raise the minimum or maximum private placement on the terms and conditions referred to above. Defiance does not assume the obligation to update any forward-looking statement.
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.
kiwisteve
12 years ago
Defiance Silver Clarifies Disclosure
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 21, 2013) - Defiance Silver Corp. (TSX VENTURE:DEF) ("Defiance" or the "Company") announces that as a result of a review by the British Securities Commission, the Company is issuing the following news release to clarify its disclosure.
As of March 14, 2013 the Company on its San Acacio and Veta Grande project pages of its corporate website referred to a previous historical resource calculation by Source Exploration Corp as "an historic indicated resource of 18 million ounces of silver". This statement should have referenced the historical resource calculated by Source Exploration Corp as 4.05 million ounces of indicated resource contained in 1.49 million tonnes at a grade of 84.9 g/t silver and a total of 14.35 million ounces of inferred silver resource contained in 3.44 million tonnes at a grade of 80.0 g/t silver and 0.74 million tonnes at a grade of 232.6 g/t silver. The Company combined the indicated and inferred resource ounces of silver which is contrary to NI 43-101 policy guidelines. Although the Company correctly categorized the Source Exploration Corp resource as historical in nature on the two project pages, on its home page the Company failed to indicate the Source Exploration resource was historical in nature. The Company also failed to update its website information to include the NI 43-101 compliant resource of 3.55 million ounces of silver contained in 1.15 million tonnes grading 95.8 g/t silver and 12.45 million ounces of silver contained in 2.89 million tonnes grading 134.1 g/t silver as announced in the Company's news release dated October 25, 2013. To correct any misconceptions, the Company is not basing a production decision either on the historical resource announced by Source Exploration on May 21, 2010 nor on the current NI 43-101 compliant resource as announced by the Company on October 26, 2013. The Company has either removed or corrected the portions of the website pages that were in error.
The Company's Corporate Brochure and Fact Sheet, previously available on its website, contained statements that were not compliant with NI 43-101. In the Factsheet, the Company for brevity in presentation on page one combined the indicated and inferred resource from the NI 43-101 compliant resource calculation announced in the Company's news release dated October 25, 2012 referencing that the details of the breakdown of the indicated and inferred resources was included the reverse side of the Fact Sheet. The Company was incorrect in doing so and should not have combined the indicated and inferred resources on page one. Also on the page two of the Fact Sheet where the compliant NI 43-101 resource was presented in tabular form, the Company failed to provide the reference to its news release of October 26, 2012 which provides the: effective date of each estimate of mineral resources and mineral reserves; key assumptions, parameters, and methods used to estimate the mineral resources and mineral reserves; and the identification of any known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources or mineral reserves. This was an oversight by the Company.
In the Corporate PowerPoint Presentation, previously available on its website, the Company included on page 3 a comparison chart between the Company and six other companies that either have or are preparing to develop silver mining operations in historic silver mining districts in Mexico. In the comparison table the Company for brevity of presentation incorrectly presented a global resource for each of the seven companies instead of presenting the breakdown of the resources and reserves of the different companies in the correct NI 43-101 compliant categories of proven and probable reserves, and measured, indicated, and inferred resources. This disclosure was also non-compliant with NI 43-101 as it presented a resource solely in the form of metal content instead of providing details of tonnage and grade used to calculate the amount of contained metal. This was meant to be an indication of the value added potential for the Company if it was successful in developing its mill and mine assets in the historic Zacatecas Silver District but the presentation of the reserves and resources was incorrect and non NI 40-101 compliant and no conclusions should be drawn from the chart previously presented on page three of the Corporate Presentation. On pages 10 and 12 of the Corporate Presentation previously available on its website, the Company for brevity of presentation referred to a combined resource of 16 million ounces of silver of undefined resource category for the San Acacio property which was non-compliant statement. The San Acacio resource should have been broken down as indicated and inferred resources as announced in the Company's news release of October 25, 2012.
Copies of the Company's revised Fact Sheet and Corporate Presentation will be posted on its corporate website once corrected.
In the Company's MD&A dated December 31, 2012, the reference made to a resource for the Encantada Mine of First Majestic Silver without breaking it down into NI 43-101 compliant categories and expressing the resource in metal content only, was incorrect.
The Company on both its website and in the Fact Sheet previously available on its website failed to identify that Bruce Winfield, the Qualified Person under section 3.1 of NI 43-101, is also the President and CEO of the Company. The Fact Sheet as well as the website will be revised to include this additional information.
Mr. Bruce Winfield, P.Geo., President and CEO of the Company is the Qualified Person for information contained in this press release and is a Qualified Person within the meaning of NI 43-101.
On behalf of Defiance Silver Corp.
Bruce Winfield, President and CEO
Forward-Looking Statements. This Defiance News Release may contain certain "forward-looking" statements and information relating to Defiance that are based on the beliefs of Defiance management, as well as assumptions made by and information currently available to Defiance management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Defiance does not assume the obligation to update any forward-looking statement.
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.
kiwisteve
12 years ago
930,000 Stock options issued with recent appointments -
Defiance Appoints Matthew Kavanagh as CFO
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2012) - Defiance Silver Corp ("Defiance") (TSX VENTURE:DEF) is pleased to announce the appointment of Matthew Kavanagh to the position of Chief Financial Officer. Mr. Kavanagh is a chartered accountant with 25 years of experience in accounting and as a Chief Financial Officer for various Canadian companies including several silver miners.
Defiance also announces the resignation of Ron Sowerby as Chief Financial Officer. The Board wishes to thank Ron for his contributions to Defiance since its formation.
As part of these appointments,
Defiance has granted 680,000incentive stock options under its stock option plan to directors, officers and consultants.
The options are exercisable on or before November 30, 2017, at a price of $0.265.
Defiance has also filed documentation with the TSX Venture Exchange to reduce the exercise price of 397,225 previously issued warrants from $0.65 per share to $0.30 per share. The warrants remain exercisable until April 17, 2013. The warrants formed part of a 1,144,500 unit private placement priced at $0.50 per unit (each unit included one-half of one warrant) that closed on April 17, 2012. Insiders of the Company subscribed for 464,500 units (232,250 warrants); but only 57,225 warrants held by them (being 10% of the total number of warrants issued under the offering), will be re-priced. None of the warrants have been exercised.
The grant of stock options and the re-pricing of the warrants is subject to TSX Venture Exchange approval.
Defiance Silver Corp. is a near-term silver producer in Mexico. With a strong team of proven mine developers, Defiance is focused upon being an aggressive explorer and acquirer of silver projects in the historic billion-ounce silver producing Zacatecas District.
On behalf of Defiance Silver Corp.
Bruce Winfield, President and CEO
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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.
http://www.marketwire.com/press-release/defiance-appoints-matthew-kavanagh-as-cfo-tsx-venture-def-1732552.htm
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Defiance Appoints Two New Directors
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 11, 2012) - Defiance Silver Corp. (TSX VENTURE:DEF) ("Defiance") is pleased to announce that Brian Robertson and Ron Sowerby have joined the Board of Directors of Defiance.
Brian Robertson is a registered mining engineer with post graduate training in business administration and over 30 years in the mining industry. Brian's extensive experience in operations, permitting, construction and development will greatly assist Defiance as it becomes a silver producer in the historic Zacatecas Silver District.
Ron Sowerby is a Chartered Account with over 35 years experience in corporate accounting. He has been instrumental in developing a number of companies including TCG International and Glentel where he has been a Director since 1989. Ron's financial and business experience will assist Defiance in managing its development programs in an efficient and cost effective manner.
Directors re-elected for another term are: Bruce Winfield, P.Geo, Darrell Rader, BBA, Chris Bunka, and George Gorzynski, P.Eng.
Defiance has granted 250,000 incentive stock options under its stock option plan to directors, officers and consultants.
The options are exercisable on or before December 10, 2017, at a price of $0.265.
The grant of stock options is subject to TSX Venture Exchange approval.
Defiance Silver Corp. is a near-term silver producer in Mexico. With a strong team of proven mine developers, Defiance is focused upon being an aggressive explorer and acquirer of silver projects in the historic billion-ounce silver producing Zacatecas District.
On behalf of Defiance Silver Corp.
Bruce Winfield, President and CEO
..................................................................
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.
http://www.marketwire.com/press-release/defiance-appoints-two-new-directors-tsx-venture-def-1736399.htm
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kiwisteve
12 years ago
Defiance Silver Announces NI 43-101 Compliant Indicated and Inferred Mineral Resource for San Acacio Silver Project, Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2012) - Defiance Silver Corp. (TSX VENTURE:DEF) ("Defiance" or "the Company") is pleased to announce that a National Instrument 43-101 ("NI") compliant indicated and inferred resource estimate has been completed for the San Acacio deposit by AGP Mining Consultants Inc. ("AGP").
Highlights
Bruce Winfield, President and CEO, comments, "We are extremely pleased to have reached this milestone of a 43-101 compliant resource for the San Acacio Mine. The high grade of the mineralized backfill indicates the high grade nature of the ore shoots previously mined within the deposit. We look forward to releasing additional news as Defiance aggressively continues advancing the San Acacio Mine towards production and expanding the resource base."
The Zacatecas Silver District is one of the most prolific silver producing areas in the world, having produced in excess of 681 million ounces of Silver during the period 1546 to 1895 (Geological Mining Monograph of the State of Zacatecas). The San Acacio Mine controls approximately 50% of the historic workings on the Veta Grande system which has estimated past production of in excess of 200 million ounces of silver. With mineralization open to depth as well as along strike for 4 kilometers with no modern exploration, Defiance believes that excellent potential exists to expand the current resource base.
cont...
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