Defiance receives environmental OK for Victoria target

Executive Summary

• Defiance Silver Corp. has received approval from the Secretariat of Environment and Natural Resources of Mexico (Semarnat) for the informe preventivo, the environmental authorization required to conduct exploration drilling at the Victoria target of its Green Earth project in Sonora, Mexico.
• The approval grants a drilling permit valid for 36 months, authorizing the construction of up to 89 drill pads and new access roads, contingent upon compliance with approved environmental terms.
• Executive Chairman and CEO Chris Wright highlighted the permit as a critical step to advance the Victoria copper-molybdenum target, citing its potential for large-scale exploration based on surface mineralization and geophysics.

Key Details

• Regulatory Body: Secretariat of Environment and Natural Resources of Mexico (Semarnat).
• Project Location: Victoria target, Green Earth project, Sonora, Mexico.
• Authorization Type: Informe preventivo (environmental authorization for exploration drilling).
• Permit Duration: Valid for 36 months.
• Authorized Infrastructure: Permission for up to 89 drill pads and the construction of new access roads.
• Conditions: Subject to compliance with approved environmental terms and conditions.
• Strategic Context: The permit enables the company to proceed with drilling at a target described as having coincidental surface mineralization, widespread surface hydrothermal alteration, and prospective geophysics.

Notable Quotes

• "The Victoria copper project represents a rare opportunity to drill a large-scale copper-molybdenum target with coincidental surface mineralization, widespread surface hydrothermal alteration and prospective geophysics. This updated drill permit allows Defiance to move forward at the Victoria project," said Chris Wright, executive chairman and chief executive officer, Defiance Silver.