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Defense Metals Corp.
Summary
| Project: | Wicheeda | |
|---|---|---|
| Deposit: | Wicheeda | |
| Location: | Canada | |
| Commodities: | REE | |
| Date: | 5/13/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-5-2020: Defense Metals Corp. announces a Resource Estimation report for its Wicheeda deposit at the Wicheeda project. Updated Mineral Resource Estimate for Project. VANCOUVER, May 13, 2020 /CNW/ - Defense Metals Corp. ("Defense Metals" or the "Company" | |
| Resources: | (Resources): 4.89Mt @ 2.58% LREE (Ind.) & 12.1Mt @ 2.48% LREE (Inf.) | |
| CP/QP: | [Resource]: Kristopher Raffle (APEX Geoscience Ltd.) | |
| ABSTRACT: | VANCOUVER, May 13, 2020 /CNW/ - Defense Metals Corp. ("Defense Metals" or the "Company") (TSX-V: DEFN) is pleased to announce completion of an Updated Mineral Resource Estimate ("MRE") with respect to its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Project located near Prince George, British Columbia (BC), Canada. The updated Wicheeda MRE comprises an Indicated Mineral Resource of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements), in addition to Inferred Mineral Resource of 12,100,000 tonnes averaging 2.52% LREE reported at a cut-off grade of 1.5% LREE (sum of cerium (Ce), lanthanum (La), neodymium (Nd), praseodymium (Pr), and samarium (Sm); in addition to niobium (Nb) percentages). The lower cut-off grade was established based on consideration of metal price and concentrate payable, metallurgical recovery, and operating cost assumptions and uncertainty. The resource, constrained by applying a conceptual Lerchs-Grossman (LG) pit shell, is provided in Table 1 below, which includes a review of the MRE at a range of cut-off grades. | |
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