Defiance Silver Receives Updated Drill Permit for Victoria Copper Project, Sonora, Mexico

The most recent news (February 26, 2026) announces that Defiance Silver has received environmental approval (Informe Preventivo) from SEMARNAT for its Victoria copper-molybdenum target within the Green Earth Project in Sonora, Mexico. This permit allows for up to 89 drill pads and necessary access roads, valid for 36 months. This follows the February 12, 2026, announcement of a five-year surface access agreement for the same project. Simultaneously, the company reported high-grade silver results from its flagship Zacatecas project on February 20, 2026, including 3.55m of 355.32 g/t Ag and 3.07m of 579.27 g/t Ag.

The news is Routine - Positive. While the permit is essential for exploration, it was the expected next step following the acquisition of Green Earth Metals (GEMS) in July 2025 and the surface access agreement signed earlier this month. - Operational Readiness: The company is now fully permitted to test the Victoria target, which management describes as a "large-scale copper-molybdenum target." - Resource Validation: The Zacatecas results (San Acacio) are material to the upcoming Mineral Resource Estimate (MRE), confirming high-grade extensions in the Veta Grande structure. - Risk Mitigation: Securing both surface rights and environmental permits in Mexico is a significant de-risking event given the complex regulatory environment, though it remains a routine part of the exploration lifecycle.

Defiance Silver is a Mexico-focused explorer. - Flagship: Zacatecas Silver District (San Acacio & Lucita), a high-grade silver-polymetallic project on the Veta Grande vein system. - Secondary Assets: The Tepal Gold-Copper Project (Michoacan) and the newly acquired Green Earth Project (Sonora), which features the Victoria copper-molybdenum porphyry target.