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Defense Metals Corp.

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Summary

Project:

Wicheeda

Deposit:Wicheeda
Location:Canada
Commodities:Rare Earth
Date:11/27/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:27-11-2019: Defense Metals Corp. announces an Exploration/Drilling Update report for its Wicheeda deposit at the Wicheeda project. Drilling results incl. 82.9m @ 4.43% LREO from 55.7m. VANCOUVER, Nov. 27, 2019 /CNW/ - Defense Metals Corp. ("Defense Metals
Resources:(Resource, Inf.): 11.370Mt @ 1.96% LREE
CP/QP:[Overall Report]: Kristopher J. Raffle (Internal)
ABSTRACT:VANCOUVER, Nov. 27, 2019 /CNW/ - Defense Metals Corp. ("Defense Metals") (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) announces assay results for drill hole WI19-31 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 WI19-31 (-55 o dip / 275 o azimuth) was drilled to test the northern extension of the Wicheeda REE Deposit and returned 4.43% Light Rare Earth Oxide (LREO; being cerium, lanthanum, neodymium, praseodymium, and samarium oxides (Ce2O3+La2O3+Nd2O3+ Pr2O3+Sm2O3 ) over a drill core interval of 83 metres; including an interval assaying 5.47% LREO over a drill core interval of 33 metres 1 (Table 1). Drill hole WI19-31 occurs to the north of the 2019 Wicheeda Mineral Resource Estimate, but within the constraining 2019 Lerchs-Grossman (LG) pit shell2 (Figure 1). Unfortunately WI19-31 was terminated in mineralization at a downhole depth of 138.5 metres due to poor ground conditions and loss of circulation. Assays for additional drill holes (WI19-30 and WI19-32) targeting this area are pending.

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