#Metals / #GreenEnergy
#Stock Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Reports Drills 215
Metres Carbonatite -the longest carbonatite
interval ever drilled on the Project; @DefenseMetals
Vancouver,
British Columbia – September 22, 2021: –Investorideas.com
Newswire, MiningSectorStocks.com and RenewableEnergyStocks.com -Mining/Metals/ Green Energy Stock
News- Defense
Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE), is
pleased to provide an update with
respect to its ongoing Wicheeda Rare Earth Element (REE) deposit resource
expansion and delineation diamond drill program.
The first drill hole of the 2021 campaign testing the North Zone of the Wicheeda
REE Deposit has intersected a 215-metre core interval of visually REE mineralized carbonatite, the longest carbonatite
interval ever drilled on the Project (Figure
1). The program is progressing on schedule and is currently on the 4th drill
hole, with over 750 metres drilled to date.
Read this news and
see the images from DEFN in full at https://www.investorideas.com/news/2021/mining/09221DEFN-Carbonatite.asp
The
road accessible Wicheeda REE Property is located close to infrastructure
approximately 80 kilometres northeast
of Prince George,
British Columbia (BC). The Wicheeda
project has indicated
mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements)
and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO1.
Figure 1. REE Mineralized Carbonatite from WI21-33
(47-55 metres downhole)
See the images from
DEFN in full at
https://www.investorideas.com/news/2021/mining/09221DEFN-Carbonatite.asp
1 Technical Report on
the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared
by APEX Geoscience Ltd. (Steven J.
Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo.) is available
under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)
Drill hole
WI21-33 (350az/-80o)
was designed
to test the North Zone of the Wicheeda REE Deposit, which remains open to expansion, and
collared into visually REE mineralized carbonatite, and remained in carbonatite to a depth of 220 metres downhole.
Significantly the intercept extends 120 metres vertically below the bottom of
nearest mineralized drill hole (WI19-32) and 70 metres and below the base of the current resource
pit shell, reinforcing that the north end of the Wicheeda
REE Deposit is open to expansion (Figure 2).
The
drill hole was designed to follow-up and expand to depth mineralization in
nearby 2019 drill holes that yielded
some of the highest REE grades to date including hole WI19-31 that intersected 4.43% LREO over 83 metres; including 5.47%
LREO over 33 metres; and WI19-32 the
final hole of the 2019 campaign that returned 4.01% LREO over 58 metres2 (see Defense Metals
News Release Dated December 12, 2019).
The
2021 Wicheeda diamond drill program is designed to build on the successes of
the 2019 campaign in support of
future advanced economic studies. The 2021 drill program will focus on expanding the zone REE mineralized
dolomite-carbonatite to the north, in addition to further delineating existing inferred resources
within the central and northwestern areas of the deposit
Craig Taylor, CEO
of Defense Metals, stated: “Defense Metals is
extremely pleased to not only be
making steady progress in completing our 2021 resource expansion and
delineation drill program, but to
have out first hole exceed our expectation in terms of visual indications of
REE mineralization and being the
longest carbonatite interval drilled to date on the Project. This reaffirms
our believe in the significant expansion potential of the Wicheeda
REE Deposit.”
About the Wicheeda REE Property
The
1,708 hectare Wicheeda REE Property, located approximately 80 km northeast of
the city of Prince George, British
Columbia, is readily accessible by all-weather gravel roads and is nearby to infrastructure, including power transmission lines, the CN railway and major highways.
Geologically,
the property is situated in the Foreland Belt and within the Rocky Mountain
Trench, a major continental
geologic feature. The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which
includes several carbonatite
and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.
Qualified Person
The scientific and technical information contained in this news release
as it relates to the Wicheeda REE Property has been reviewed and
approved by Kristopher J. Raffle, P.Geo. (BC)
Principal and Consultant of APEX
Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined
in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle verified the
data disclosed which includes a review of the analytical and test data underlying
the information and opinions contained therein.
2 The true width
of REE mineralization is estimated to be 70-100% of the
drilled interval.
Figure 2. Wicheeda REE Deposit Long Section Looking
West
See the images from
DEFN in full at
https://www.investorideas.com/news/2021/mining/09221DEFN-Carbonatite.asp
About Defense
Metals Corp.
Defense
Metals Corp. is a mineral exploration company focused on the acquisition of
mineral deposits containing metals
and elements commonly used in the electric power market, military, national
security and the production of “GREEN” energy
technologies, such as, high strength
alloys and rare earth
magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property
located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on
the TSX Venture Exchange, in the
United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt
Exchange under “35D”.
For further
information, please contact:
Todd
Hanas, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Email: todd@blueskycorp.ca
Neither the 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 news
release.
Cautionary Statement Regarding “Forward-Looking” Information
This
news release contains “forward‐looking information
or statements” within the meaning of applicable securities laws, which may include, without
limitation, statements relating
to the ongoing optimization test work and the expected
outcomes, operation of a future hydrometallurgical pilot plant, plans
for its Wicheeda Property, the advancement and
development of the Wicheeda Property, the technical, financial and business prospects of the Company,
its project and other
matters. All statements in this news release, other than statements of
historical facts, that address events or developments that the Company
expects to occur,
are forward-looking statements. Although the Company
believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future
performance and actual results may differ materially from those in the
forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business
strategies and the environment in which the Company will operate in the
future, including the price of rare earth elements,
the ability to achieve its goals, that general business and economic conditions
will not change in a material adverse
manner, that financing will be available if and when needed and on reasonable
terms. Such forward-looking information
reflects the Company’s views with respect to future events and is subject to
risks, uncertainties and assumptions,
including those filed under the Company’s profile on SEDAR at www.sedar.com. While such
estimates and assumptions are
considered reasonable by the management of the Company, they are inherently
subject to significant business,
economic, competitive and regulatory uncertainties and risks. Factors that
could cause actual results to differ
materially from those in forward looking statements include, but are not
limited to, continued availability of
capital and financing and general economic, market or business conditions,
adverse weather conditions, failure
to maintain or obtain all necessary government permits, approvals and
authorizations, failure to maintain community
acceptance (including First Nations), decrease in the price of rare earth
elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate,
increase in costs,
litigation, and failure
of counterparties to perform
their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking
information, except as required by
law.
Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third
party sourced news, articles and equity research as well as creates original
content, including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investment involves risk and
possible loss of investment. This site is currently compensated for news
publication and distribution, social media and marketing, content creation and
more. Contact each company directly regarding content and press release
questions. Disclosure is posted for each compensated news release, content
published /created if required but otherwise the news was not compensated for
and was published for the sole interest of our readers and followers.
Disclosure : this news release featuring Defense Metals
Corp. is a paid for service on Investorideas.com ($750) More disclaimer
info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and
our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Please read Investorideas.com privacy
policy: https://www.investorideas.com/About/Private_Policy.asp
About Investorideas.com
https://www.investorideas.com/About/
Sign up for free stock news alerts at Investorideas.com
https://www.investorideas.com/Resources/Newsletter.asp
MiningSectorStocks.com - investing ideas in mining stocks
Like Mining Stocks? View our Mining
Stocks Directory Get News
Alerts on Mining Stocks
Posts
No comments:
Post a Comment