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Highlights
- Defiance plans to acquire 100% of GEMS and its Mexican mining assets.
- GEMS holds drill-permitted projects in Mexico’s Sonoran Desert copper belt.
- Transaction includes exploration upside with drill programs planned for Victoria project.
Defiance Silver Corp. (TSXV: DEF, FSE: D4E) has announced it has entered into a non-binding letter of intent (LOI) to acquire Green Earth Metals Inc. (GEMS), a privately held company with a portfolio of mining assets in Mexico. Under the proposed transaction, Defiance would acquire all outstanding shares of GEMS, which holds rights to three drill-permitted projects located in the Sonoran Desert's copper-gold-silver-molybdenum belt in Mexico.
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