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Defense Metals Corp.
Summary
| Project: | Wicheeda | |
|---|---|---|
| Deposit: | Wicheeda | |
| Location: | Canada | |
| Commodities: | Rare Earth | |
| Date: | 11/14/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-11-2019: Defense Metals Corp. announces an Exploration/Drilling Update report for its Wicheeda deposit at the Wicheeda project. Drilling results incl. 105m @ 3.12% TREO from 4m. Vancouver, British Columbia — November 14, 2019 Defense Metals Corp. (“Def | |
| Resources: | (Resource, Inf.): 11.370Mt @ 1.96% LREE | |
| CP/QP: | [Overall Report]: Kristopher J. Raffle (Internal) | |
| ABSTRACT: | Vancouver, British Columbia — November 14, 2019 Defense Metals Corp. (“Defense Metals”) (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) announces assay results for an additional three holes from the recently completed 2019 resource definition diamond drill program at its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Project located near Prince George, Canada. Drill hole WI19-22, a vertical hole and part of a fan of seven holes totalling 966 metres designed to increase confidence in the geometry of REE mineralized dolomite-carbonatite rocks at a higher elevation with the deposit, assayed 2.71% Total Rare Earth Oxide (TREO; being cerium, lanthanum, neodymium, praseodymium, and samarium oxides (Ce2O3+La2O3+Nd2O3+ Pr2O3+Sm2O3) over a drill core interval of 106 metres1 (Table 1). Drill hole WI19-23 collared from the same drill pad returned an average grade of 3.12% TREO over a drill core interval of 105 metres1, expanding the eastern drill defined edge of the Wicheeda REE Deposit a distance of 30 meters beyond the limit of the 2019 Mineral Resource Estimate2. Significantly, much of the WI19-23 mineralized intercept (a 39 metre core interval) also occurs inside the 2019 LerchsGrossman (LG) pit shell within rocks previously defined as waste. Drill hole WI19-24, collared from the same pad and drilled to the southeast returned an average grade of 2.43 TREO over a drill core interval of 80.1 metres1 , modestly expanding the eastern drill defined edge of the Wicheeda REE Deposit a distance of 8 metres and providing an additional pierce point of the carbonatite envelope as planned. | |
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