Defense Metals Completes 2021 Drilling Ahead of PEA

Defense Metals Corp. (TSX-V: DEFN)(OTC: DFMTF) — currently trading around C$0.28 per share — has completed its 2021 29-hole, 5,350-meter drill program at its flagship Wicheeda Rare Earth Element (REE) project in British Columbia, Canada.

The program was deployed to expand the deposit to the north while simultaneously upgrading the existing resource within the central and northwestern areas of the deposit from the Inferred to the M&I category.

defense metals map

Currently, the Wicheeda deposit boasts an Indicated mineral resource of 4.89 million tonnes averaging 3.02% LREO (Light Rare Earth Elements) and an Inferred mineral resource of 12.1 million tonnes averaging 2.90% LREO. 

Defense Metals CEO, Craig Taylor, commented via press release:

“We are pleased to have completed our 2021 drilling campaign. Our expectation is of expanding and upgrading the current Wicheeda REE Deposit mineral resource. We believe the 2021 drilling results, once released, will firmly place the Wicheeda REE Deposit among the most significant rare earth deposits in North America.”

Core from the recently-completed program is currently at the lab awaiting assaying. Results are expected to be released in Q1 2022.

Defense is also on-track to complete a PEA on the project before month’s end to be followed by prefeasibility in 2022.

Additionally, Dr. Luisa Moreno — a Physics Engineer with a PhD in Materials Science and Mechanics from London’s Imperial College — has joined the Defense Metals board.

Dr. Moreno commented:

“Having followed rare earths projects around the world for several years, I believe the Wicheeda project is one of the most prospective rare earths projects in Canada and globally. Therefore, I am delighted to be part of the Defense Metals team and I look forward to working with the board to make Wicheeda an integral REE source for the global supply chain.”

Check out additional news, exclusive interviews, and much more on our page dedicated to Defense Metals.

Access our feature report on Defense Metals Corp.

Veering just slightly off-topic, we’re seeing a very significant rise in the price of uranium and select uranium equities, especially on the junior exploration side...

Our very own Gerardo Del Real has been calling for higher uranium prices for quite some time... The supply-demand fundamentals for higher uranium prices have been in-place over the last couple of years, and some of that upward pricing pressure is now being reflected in Gerardo’s Junior Resource Monthly uranium picks

It’s a red-hot market. Yet, Gerardo cautions that the uranium sector as a whole has the predictable habit of eventually overshooting. Hence, his action plan is to get in fast and get out relatively fast as well… while securing triple-digit, and possibly even a few quadruple-digit winners along the way! 

Gerardo has a brand new uranium recommendation out to his Junior Resource Monthly subscribers — click here to watch a brief video presentation on this undiscovered uranium gem that’s poised to help lead America’s uranium production resurgence.

Yours in profits,

Mike Fagan
Editor, Resource Stock Digest

Click here to see more from Defense Metals