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Defense Metals Corp.

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Summary

Project:

Wicheeda

Deposit:Wicheeda
Location:Canada
Commodities:Rare Earth
Date:10/31/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:31-10-2019: Defense Metals Corp. announces an Exploration/Drilling Update report for its Wicheeda deposit at the Wicheeda project. Drilling results incl. 110.1m @ 3.26% TREO from 3.9m. Vancouver, British Columbia — October 31, 2019 Defense Metals Corp. (“
Resources:(Resource, Inf.): 11.370Mt @ 1.96% LREE
CP/QP:[Overall Report]: Kristopher J. Raffle (Internal)
ABSTRACT:Vancouver, British Columbia — October 31, 2019 Defense Metals Corp. (“Defense Metals”) (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) announces assay results for the first two diamond drill holes of 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 WI19-20, collared from the 2018 Wicheeda bulk sample site (see Defense Metals News Release dated March 14, 2019), assayed 4.32% Total Rare Earth Oxide (TREO; being cerium, lanthanum, neodymium, praseodymium, and samarium oxides (Ce2O3+La2O3+Nd2O3+ Pr2O3+Sm2O3)) over a drill core interval of 64 metres1 from surface (Table 1). Drill hole WI19-21 collared from the same drill pad returned an average grade of 3.26% TREO over 110 metres1 from surface, expanding the southwestern drill defined edge of the Wicheeda REE Deposit a distance of 25 meters beyond the limit of the 2019 Mineral Resource Estimate2.

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