Defiance Silver Launches 10,000m Drill Program at Zacatecas Project

Defiance Silver ( (TSE:DEF) ) has provided an update.

Defiance Silver Corp. has initiated a 10,000-meter drilling campaign at its Zacatecas project, which aims to guide the next phase towards publishing a new mineral resource estimate at San Acacio and to test numerous targets based on previous high-grade silver drilling results. The drilling is being conducted by Major Drilling SA de CV, a company with extensive experience in Mexico. Additionally, Defiance disclosed details about a finder’s fee related to its June 2025 financing, involving a payment and issuance of warrants to an arm’s length party.

Spark’s Take on TSE:DEF Stock

According to Spark, TipRanks’ AI Analyst, TSE:DEF is a Neutral.

Defiance Silver’s overall stock score reflects significant financial challenges, including a lack of revenue and ongoing losses, partially offset by a strong equity position and no debt. Recent corporate events suggest a proactive approach to improving operations and financial health, though technical analysis and valuation metrics remain areas of concern. The stock’s future performance hinges on addressing financial weaknesses and successfully leveraging strategic initiatives.

To see Spark’s full report on TSE:DEF stock, click here.

More about Defiance Silver

Defiance Silver Corp. is an exploration company focused on advancing the district-scale Zacatecas project in the historic Zacatecas Silver District, as well as the Tepal Gold/Copper Project in Michoacán state and the Green Earth copper-gold project in Sonora state, Mexico. The company is managed by a team with a proven track record in mine development and is committed to capital-efficient exploration aimed at resource growth and new mineral discoveries.

Average Trading Volume: 1,478,076

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$70.18M

Learn more about DEF stock on TipRanks’ Stock Analysis page.