Defiance Doubles Land Position at Tepal
DEFIANCE DOUBLES LAND POSITION AT TEPAL
FOR RELEASE: JANUARY 27th, 2021 TSXV: DEF
OTC: DNCVF
Defiance Silver Corp. (“Defiance” or the “ Company”) is pleased to announce that it has
entered into an option to acquire 1,9 15 Ha surrounding the Tepal Gold -Copper Pr oject in
Michoacán, Mexico. Defiance has agreed to pay the annual concession fees until a
production decision has been made, upon which Defiance will pay the vendor USD $2
million for 100% ownership of the mining concessions.
Chris Wright, Chairman & CEO of Defiance commented, “The agreement to acquire this
additional license more than doubles Defiance’s footprint at the Tepal Project. Not only does
the land package contain good exploration potential , the license area underlies key proposed
mine infrastructure as defined by the 2017 Preliminary Economic Assessment.”
Defiance has undergone a substantial desktop review of the Tepal asset and looks forward to
following up on key targets generated during this review.
Defiance also announces that Darrell Rader has stepped down from the Company’s Board of
Directors. Mr. Rader has served as a Director of the Company since its inception.
“On behalf of the Company and the Board, I would like to thank Darrell for his service to the
Company. As one of the original founders of Defiance, Darrell’s contributions towards
helping the company advance its Zacatecas silver projects and develop the Tepal gold -copper
project were significant. We wish Darrell all the best in his fut ure endeavors,” said Chris
Wright.
About Defiance Silver Corp.
Defiance Silver Corp. (DEF | TSX Venture Exchange; DNCVF | OTC; D4E | Frankfurt) is an
exploration company advancing it’s district-scale Zacatecas Projects, located in the historic Zacatecas
Silver District and the 100% owned Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance
is managed by a team of proven mine developers with a track record of exploring, advancing and
developing several operatin g mines and advanced resource projects . Defiance’s corporate mandate is
to expand the Zacatecas and Tepal projects to become premier Mexican silver and gold deposits.
Mr. George Cavey, P.Geo, is a Qualified Person within the meaning of National Instrument 43-101
and has approved the technical information concerning the Company’s material mineral properties
contained in this press release.
On behalf of Defiance Silver Corp.
“Chris Wright”
Chairman of the Board
For more information, please contact: Investor Relations at +1 (604) 343 -4677 or via email at
www.defiancesilver.com
Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3
Canada
Tel: +1 (604) 343-4677 Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release m ay contain forward -looking statements including but not limited to comments
regarding timing and content of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc. Forward -looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements. Defiance Silver Corp. relies
upon litigation protection for forward-looking statements.