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Defiance Silver ( (TSE:DEF) ) has shared an announcement.
Defiance Silver reported new high-grade silver drill results from the ongoing 10,000-metre diamond drilling campaign at its San Acacio project within the Zacatecas property in Mexico. The latest five holes, particularly DDSA-25-75, -76 and -77, encountered multiple zones of strong silver mineralization, demonstrating both lateral and vertical continuity in the Veta Grande system.
The drilling is designed to refine the geological model and support an upcoming mineral resource estimate by improving structural understanding and infilling poorly drilled zones. Results also helped delineate three structural blocks along the main Veta Grande vein and confirmed continuity in certain areas, underscoring the project’s potential to expand resources in a historically productive silver camp.
The most recent analyst rating on (TSE:DEF) stock is a Hold with a C$0.31 price target. To see the full list of analyst forecasts on Defiance Silver stock, see the TSE:DEF Stock Forecast page.
Spark’s Take on TSE:DEF Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEF is a Neutral.
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and negative free cash flow). Technicals provide some support with the price still above key longer-term moving averages and a positive MACD, but near-term weakness versus the 20DMA keeps momentum moderate. Valuation contributes negatively given the loss-making profile (negative P/E) and no dividend yield support.
To see Spark’s full report on TSE:DEF stock, click here.
More about Defiance Silver
Defiance Silver Corp. is a Vancouver-based mineral exploration company focused on silver projects in Mexico, notably the Zacatecas Project and its San Acacio area. The company targets high-grade silver deposits within the historic Veta Grande vein system, aiming to advance resources in a prolific, past-producing silver district.
Average Trading Volume: 2,239,635
Technical Sentiment Signal: Buy
Current Market Cap: C$110.1M
See more insights into DEF stock on TipRanks’ Stock Analysis page.