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Defense Metals Corp.
Summary
| Project: | Wicheeda | |
|---|---|---|
| Deposit: | Wicheeda | |
| Location: | Canada | |
| Commodities: | Rare Earth | |
| Date: | 11/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-11-2019: Defense Metals Corp. announces an Exploration/Drilling Update report for its Wicheeda deposit at the Wicheeda project. Drilling results incl. 126.2m @ 2.82% LREO from 1.8m. Vancouver, British Columbia — November 20, 2019 Defense Metals Corp. ( | |
| Resources: | (Resource, Inf.): 11.370Mt @ 1.96% LREE | |
| CP/QP: | [Overall Report]: Kristopher J. Raffle (Internal) | |
| ABSTRACT: | Vancouver, British Columbia — November 20, 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 WI19-25 (-45o dip / 185o azimuth), drilled to define the southern margin of the Wicheeda REE Deposit returned two higher grade intervals; an upper zone that assayed 3.87% Light Rare Earth Oxide (LREO; being cerium, lanthanum, neodymium, praseodymium, and samarium oxides (Ce2O3+La2O3+Nd2O3+ Pr2O3+Sm2O3) over a drill core interval of 24 metres, and a lower interval assaying 3.93% LREO over a drill core interval of 23 metres 1 (Table 1). Both intervals occur within a broader REE mineralized interval that assayed 2.22% LREO over a drill core interval of 142 metres from surface. The transition from higher grade dolomite-carbonatite corresponded with the edge of the southern limit of the 2019 Mineral Resource Estimate 2 ; however REE mineralized fenite rocks continued to a depth of 142.3 metres thereby extending REE mineralization a distance of approximately 40 metres south of the 2019 Mineral Resource Estimate limit. Drill hole WI19-26 (-65o dip / 295o azimuth), collared from the same drill pad returned a single longer higher grade intercept assaying 4.21% LREO over a drill core interval of 48 metres1 within a broader zone of mineralization assaying 2.82% LREO over a core interval of 126 metres 1 . Significantly WI19- 26 was designed to drill west starting from a higher elevation above and ultimately terminating well below historical vertical drill hole WI09-05 which was lost in difficult ground conditions at a depth of 56 metres. | |
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