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Defiance Silver San Acacio Mine Purchase Option Extended To 2015
Jul. 31, 2012 03:07PM PST
Silver InvestingDefiance Silver Corp (TSXV:DEF) renegotiated the option agreement for the San Acacio Silver Mine, extending the option exercise payment to August 2015.
Defiance Silver Corp (TSXV:DEF) renegotiated the option agreement for the San Acacio Silver Mine, extending the option exercise payment to August 2015.
Bruce Winfield, CEO of Defiance, commented:
I am extremely pleased with the substantial increase in the time allowed to purchase the San Acacio Mine. Three years is sufficient time to allow Defiance to explore, develop and finance the San Acacio Mine. This extension also allows us to align the mine development schedule with the refurbishment and recommencement of the 200 tpd Santa Gabriela Mill. Together, the mine and mill enable Defiance to enter the ranks of silver producers within 15 months of receiving financing.
Click here to read the full press release.
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