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Defense Metals Updates Estimate for Rare Earth Element Carbonatite Deposit

The date of: 2020-05-16
viewed: 1

source:Stockhouse

Advanced mineral exploration Company Defense Metals Corp. (TSX-V: DEFN, OTCQB: DFMTF, Forum) released an updated and increased mineral resource estimate (MRE) for Its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element Carbonatite Deposit on Thursday. Located near Prince George, British Columbia, Canada, the project reported a 49% increase in overall tonnage of updated Wicheeda REE Project MRE based on the results of 2019 diamond drilling of 13 holes totaling 2,005 metres and a 30% increase in overall average grade, in part though the incorporation of potentially economically significant praseodymium that was not previously estimated.

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Earlier this week, DEFN appointed Former US Intelligence Senior Executive Karl T. Wagner as a Strategic Advisor. Having previously served as Senior Director, Global Security at Tesla Inc. (NASDAQ: TSLA). His last position at the Central Intelligence Agency was Chief of Counter-Intelligence Operations.



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