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Defense Metals completes lidar survey at Wicheeda

2020-11-18 07:42 ET - News Release

Mr. Craig Taylor reports


As part of Defense Metals Corp.'s continuing baseline environmental monitoring program (see Defense Metals news release dated July 8, 2020) it has recently completed meteorological station installation, stream flow monitoring and a property-wide high-resolution airborne lidar (light detection and ranging) survey at its 1,708-hectare (4,220-acre) Wicheeda rare earth element (REE) property located close to existing infrastructure near Prince George, B.C.

Craig Taylor, chief executive officer of Defense Metals, stated: "Defense Metals continues to advance the Wicheeda REE project through completion of its highly successful 2020 updated mineral resource estimate, 26-tonne flotation pilot plant and long-term baseline environmental mentoring programs. In addition, completion of high-resolution airborne lidar surveys allow for enhanced planning of critical project infrastructure as we look forward to the potential development of the Wicheeda REE project. The Fortress Value Acquisition Corp.'s $1.4-billion (U.S.) merger with MP Materials/Mountain Pass and listing on the NYSE has further added awareness to the REE industry and we anticipate that this sector will continue to attract the attention of investors, governments and consumers all around the world."

The Wicheeda project has indicated mineral resources of 4.89 million tonnes averaging 3.02 per cent LREO (light rare earth elements) and inferred mineral resources of 12.1 million tonnes averaging 2.90 per cent LREO (1). Flotation pilot plant processing of a 26-tonne bulk sample of Wicheeda REE material yielded a mineral concentrate averaging 7.4 per cent NdPr oxide (neodymium-praseodymium) critical magnet metals (2).

(1) Technical report on the Wicheeda property, British Columbia, effective June 27, 2020, and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, BASc, MAIG, and Kristopher J. Raffle, BSc, PGeo) is available under Defense Metals Corp.'s profile on SEDAR.

(2) See Defense Metals news release dated Sept. 23, 2020.

Hydologica Environmental Consulting Inc. and Swiftwater Consulting Ltd. of Vancouver, B.C., were commissioned to complete an assessment of regional climate data to support baseline monitoring activities and meteorological station installation at the Wicheeda REE project. The regulatory requirement is for a minimum of two years of project-specific baseline data collection. As the Wicheeda REE project advances, these data are analyzed along with regional climate data to characterize the project area and provide inputs to design and permitting. The Wicheeda site meteorological station install allows for continuous real-time telemetry monitored data collection including precipitation, barometric pressure, solar radiation snow depth, wind speed and direction parameters.

Defense Metals retained subsequently Eagle Mapping Ltd. of Port Coquitlam, B.C., to collect lidar and colour aerial photography over the Wicheeda REE project. The lidar will be collected at a minimum density of eight points per square metre. Expected absolute accuracies of the lidar data will be less than plus and or minus 15 centimetres in the vertical and plus and/or minus 30 cm in the horizontal. The colour photography will be triangulated and orthorectified to the lidar bare earth model to produce an orthophoto mosaic with a 13-centimetre pixel resolution.

In addition to real-time climate monitoring and lidar survey, EDI Environmental Dynamics Inc. of Prince George, B.C., has completed hydrometric station installs within the Wicheeda REE project. Hydrometric stations area designed to collect stream flow data in accordance with B.C. hydrometric standards for Grade A provincial standards in support of potential future project applications including: major mine permit applications proceeding through the BC Environmental Assessment Act, or regional mine permit applications via the Mines Act.

About the Wicheeda REE property

The 1,708-hectare Wicheeda REE property, located approximately 80 kilometres northeast of the city of Prince George, B.C., is readily accessible by all-weather gravel roads and is nearby to infrastructure, including power transmission lines, the CN railway and major highways.

Geologically, the property is situated in the Foreland belt and within the Rocky Mountain trench, a major continental geologic feature. The Foreland belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE) and Wicheeda (REE) deposits.

Qualified person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE property has been reviewed and approved by Kristopher J. Raffle, PGeo (B.C.), principal and consultant of APEX Geoscience Ltd. of Edmonton, Alta., a director of Defense Metals and a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Raffle verified the data disclosed which include a review of the analytical and test data underlying the information and opinions contained therein.

About Defense Metals Corp.

Defense Metals is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of green energy technologies, such as high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100 per cent of the 1,708-hectare Wicheeda rare earth element property located near Prince George, B.C., Canada.

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