#RareEarth #Metals #Stocks
in the News- Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Receives Wicheeda #REE
Property LiDaR Survey Results; @DefenseMetals
Vancouver, British Columbia – February 2, 2021: Investorideas.com Newswire - Mining/Metals/ Green Energy Stock News- Defense Metals
Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE)is
pleased to announce that it has received final property-wide high-resolution
airborne LiDaR (Light Detection and Ranging) survey results for its 1,708
hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Property (“Wicheeda”)
near Prince George, British Columbia (BC).
Read the full news and see the images for this DEFN news https://www.investorideas.com/news/2021/mining/02022Defense-Metals-Wicheeda-REE-Property.asp
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% LREO[1].
Flotation pilot-plant processing of a 26-tonne bulk sample of Wicheeda REE
material yielded a mineral concentrate averaging 7.4% NdPr oxide (neodymium-praseodymium)
critical magnet metals[2].
Defense Metals retained Eagle
Mapping Ltd. of Port Coquitlam, BC to collect LiDAR and color aerial
photography over the Wicheeda REE Project (see Defense Metals news release
dated November 18, 2020). Property-wide LiDAR survey data was acquired at a
minimum density of 8 points-per-square-metre, in addition to high-resolution 13
cm pixel color aerial photography (Figure 1).
Craig Taylor, CEO of Defense Metals, stated:
“Defense Metals is extremely pleased with the Wicheeda REE Property LiDaR
survey results. This incredibly high-resolution dataset arms us with an
enhanced property-wide terrain model. This level of precision is expected to
positively impact project development efforts with respect to numerous ongoing
studies including environmental baseline monitoring, geological modelling, and
resource estimation; and looking forward to optimizing the siting of critical
development infrastructure.”
Figure 1. Wicheeda
REE Deposit LiDaR Bare Earth Terrain Model Showing
Diamond Drilling
and Resource Block Model and Pit Shell
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.
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 completion of ongoing
studies, 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.
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[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)
[2] See Defense Metals News Release date
September 23, 2020
