Following the closing of a brokered LIFE offering and a concurrent non-brokered private placement for total gross proceeds of C$16.5M, Defiance Silver Corp. (DEF.v DNCVF) is well cashed up to continue advancing exploration at their projects.
One thing proceeds are going towards is a mineral resource estimate at their San Acacio Property.
San Acacio is a part of the Zacatecas Silver Project within the historic mining region of Zacatecas in Mexico. Other companies in the region include: - Newmont - Penasquito Mine (produces 20% of Newmont’s AuEq ounces and the largest open-pit gold mine in Mexico) - Teck - San Nicolas Project ($580M investment for a 50/50 JV with Agnico-Eagle) - Orla - Camino Rojo Mine (1st commercial production in 2024 and sp up ~160% over past year) - Capstone Copper - Cozamin Mine (Cu-Ag 4,400 TPD underground mine)
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