Northwire Canada EditionFriday, July 10, 2026
Northwire
TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

Defiance Silver receives drill permit for San Acacio

Defiance Secures Final Drill Permits for Zacatecas as High-Grade Silver Results Validate Resource Expansion Potential

Executive Summary

The most recent news (March 11, 2026) announces the receipt of a critical drilling permit for the San Acacio project within the Zacatecas Silver District. This permit allows for 44 new drill pads and 35 access roads, specifically targeting areas in the Veta Grande camp that have never been tested. This follows a string of positive developments in February 2026, including high-grade drill results at San Acacio (3.55m of 355.32 g/t Ag and 3.07m of 579.27 g/t Ag) and the receipt of an updated drill permit for the Victoria Copper Project in Sonora.

Material Impact

The news is Routine - Positive. While the permit is essential for operations, it was a largely expected administrative milestone following the company's 10,000m drill program announcement in late 2025. - Operational Continuity: The permit ensures the company can fulfill its stated goal of testing exploration targets outside historical resource estimates. - Validation: The recent high-grade intercepts (Feb 20, 2026) provide the geological justification for this expanded permit, suggesting that the "never-before-tested" targets have a higher probability of success. - Resource Growth: The ability to drill 44 new pads is material to the upcoming Mineral Resource Estimate (MRE), as it allows for step-out drilling to expand the known footprint of the Veta Grande structure.

DEF · Price
Company Overview

Defiance Silver is a district-scale explorer in Mexico. Its flagship is the San Acacio Project in Zacatecas, which controls a significant portion of the Veta Grande vein system. The company also holds the Tepal Gold-Copper Project (Michoacán) and recently acquired the Green Earth Metals (GEMS) portfolio in Sonora, which includes the Victoria copper-molybdenum porphyry target.

Read the original news release →

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