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Defense Metals Engages Falcon Drilling for Drill Program at Wicheeda Rare Earth Element Project

The date of: 2019-08-02
viewed: 1
source:Yahoo Finance


VANCOUVER , Aug. 1, 2019 /CNW/ - Defense Metals Corp. ('Defense Metals') (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) is pleased to announce that it has engaged Falcon Drilling Ltd. for a planned 2,000 metre surface core drill program at its Wicheeda Rare Earth Element ('REE') Property located 80 kilometres (50 miles) northeast of the city of Prince George, British Columbia .  The 2019 drilling and camp operations are fully permitted for up to 51 separate drill sites (See the Defense Metals May 6, 2019 news release).
Drill pads and a work camp are currently being prepared and drilling is expected to commence in early August. The purpose of the 2019 Wicheeda drill program is to further delineate, and potentially expand the Wicheeda REE carbonatite deposit leading to completion of an updated mineral resource estimate. Core drilling will: test the northern, southern and western extent of the Wicheeda deposit where it is still open; further delineate the relatively higher-grade near surface dolomite carbonatite unit; and address select internal drilling gaps within the deposit. Defense Metals expects to complete this work program in approximately six weeks.
About Falcon Drilling Ltd.
Falcon Drilling Ltd., of Prince George, British Columbia , provides drill equipment and highly trained drill crews, rapid access to supplies, and mobilization services to the most remote of locations. They have specifically designed and manufactured helicopter transportable diamond drill rigs that permit fast efficient moves between drill sites with minimal environmental disturbance and site remediation costs.
About Defense Metals Corporation
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, light weight, rare earth magnets. Defense Metals primary focus is to exercise its option to acquire 100% of the 1,780 hectare Wicheeda Rare Earth Element Project. Defense Metals Corp. trades in Canada under 'DEFN' on the TSX Venture Exchange, The United States , under 'DFMTF' on the OTCQB and the German, Frankfurt Exchange under the symbol of '35D'.
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, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB , a 'Qualified Person' as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward Looking Information 
This news release includes certain statements that constitute 'forward-looking information' within the meaning of applicable securities law, including without limitation, Defense Metal's plans for its properties/projects, upcoming drill program, other statements relating to the technical, financial and business prospects of Defense Metals, and other matters.
Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as 'expects' or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'estimates' or 'intends', or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals and elements, anticipated costs and the ability to achieve goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's planned exploration activities will be available on reasonable terms and in a timely manner. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks.



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