#RareEarthElements #Stocks: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Comments on Recent CAN-US Government #ElectricVehicle and Critical Minerals Collaboration Plans; @DefenseMetals

#RareEarthElements #Stocks: Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Comments on Recent CAN-US Government #ElectricVehicle and Critical Minerals Collaboration Plans; @DefenseMetals 

 

Vancouver, British Columbia – February 9, 2021-Investorideas.com Newswire  - Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased with recent Canadian-US government integration plans regarding electric vehicles and critical minerals such as Rare Earth Elements.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/02092DEFN-CAN-US-Collaboration.asp

 

 

Craig Taylor, CEO of Defense Metals commented:

 

“As we continue to advance the 1,708 hectare Wicheeda Rare Earth Elements deposit located near Prince George, British Columbia, we are actively engaging with government agencies and affiliated government groups. We expect 2021 to be a busy year for the Company.”

 

For further information on this North American industry development please read this article: https://www.mining.com/web/trudeau-eyes-leaps-forward-in-integration-with-us-on-evs-critical-minerals/

 

About the Wicheeda REE Property

The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO[1].

The 1,708 hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, 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, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

 

About Defense Metals Corp.

Defense Metals Corp. 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% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

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.

 

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forward-looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to its plans for its Wicheeda Property, the advancement and development of the Wicheeda Property, engaging with government agencies and affiliated groups, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking 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 rare earth elements, the ability to achieve its 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. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. 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. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring Defense Metals Corp. is a paid for service  on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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[1] Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)

#Mining #Stock News- AUX (TSXV: $AUX.V) (OTC: $AUXRF) DRILLS 103 G/T GOLD OVER 2.74 METRES AND 126 G/T GOLD OVER 1.1 METRES AT THE GEORGIA PROJECT, @AUXResources

#Mining #Stock News- AUX (TSXV: $AUX.V) (OTC: $AUXRF) DRILLS 103 G/T GOLD OVER 2.74 METRES AND 126 G/T GOLD OVER 1.1 METRES AT THE GEORGIA PROJECT, @AUXResources

 

 

Vancouver, British Columbia, February 9, 2021 – Investorideas.com  Newswire and MiningSectorStocks.com report- AUX Resources Corporation (TSXV: AUX) (OTC: AUXRF) is pleased to report assay results for the 2020 drill program at the Georgia Project, which hosts the past-producing Georgia River Mine. Georgia is located on the Portland Canal tidewater, 16 kilometres south of the town of Stewart, BC, in the prolific Golden Triangle.

 

Read this news featuring AUX in full at https://www.investorideas.com/news/2021/mining/02091AUX-Gold-Georgia.asp

 

Highlights

·        2020 Georgia drill program extends mineralization from the historic high-grade gold mine along strike and at depth

 

·        Drill results include 103 g/t gold and 53 g/t silver over 2.74 metres (GE20023) and 126 g/t gold and 74 g/t silver over 1.1 metres (GE20022)

 

·        Assays pending on 5,000 metres of recovered historic diamond drill core at Georgia

 

·        Assays pending on channel samples from extensive outcropping silver mineralization over 1,400 metres of strike length at the Silver Crown property

 

Watch the video - https://www.youtube.com/watch?v=X47CO2RuqhE&feature=youtu.be

 

“Despite having been explored for over a century, our intercepts of the SW Vein are among the best ever recorded around the Georgia River Mine. Our drilling confirms that the target is open in multiple directions, including depth,” comments Ian Slater, Chief Executive Officer, “The opportunity to look at this historic high-grade mine with new perspectives shows enormous potential. Advancing underexplored historic mines has long been a powerful and successful driver in the Golden Triangle, and we see numerous parallels with other projects in the area, including Brucejack and the Scottie Gold Mine.”

 

The 2020 drilling program focused on testing the extensions, both along strike and at depth, of the SW Vein. The high-grade intercepts returned for the SW Vein at depth indicate that the zone remains open at depth and along strike. Drilling in 2021 will be focused on testing the limits of this high-grade ore zone and testing structural controls of subsidiary high-grade ore shoots. Other local veins sets will be further evaluated for the potential to host similar mineralization.

 

In addition to the drilling completed this year, AUX recovered 5,000 metres of historic diamond drill core from exploration between 1979 and 1996. The majority of this core had only been selectively sampled at obvious veins with minimal shoulder sampling. An extensive recovery program was completed, and the re-boxed core was moved to AUX’s warehouse in Stewart for re-logging, re-sampling, and improved geochemistry. The majority of these historic diamond drill holes intersect the SW Vein and will contribute to an improved understanding of this zone.  Results are expected in February.

 

 

 

 

 

Drill Hole	Target	From (m)	To (m)	Width* (m)	Gold (g/t)	Silver (g/t)
GE20001	SW Vein	95.70	96.25	0.55	5.81	7.8
and		201.20	202.20	1.00	1.95	1.0
GE20003	SW Vein	133.65	134.75	1.10	7.54	16.5
GE20011	Bullion Vein	53.40	54.00	0.60	12.00	10.5
GE20016	Gem Vein	43.96	44.60	0.64	2.87	2.4
GE20019	Summit Vein	156.45	157.80	1.35	2.29	18.1
GE20022	SW Vein	60.26	62.50	2.24	62.50	36.6
including		61.40	62.50	1.10	126.00	73.8
and		85.10	87.80	2.70	3.11	0.8
including		86.54	87.80	1.26	6.10	1.2
and		97.65	100.40	2.75	1.07	0.7
GE20023	SW Vein	66.30	70.44	4.14	69.10	35.5
including		67.70	70.44	2.74	103.60	52.7
and		93.50	95.00	1.50	2.16	1.0
GE20024	SW Vein	108.00	109.25	1.25	1.26	1.0

 

Table 1. Results from 2020 drill program at Georgia. *True width is estimated to be 80 to 95% of interval width.

 

Exploration in and around the Georgia River Mine began in 1910 with the majority of work focused on the Bullion, SW, and Gem veins. The mine was put into production in 1937 with a head grade of 22.6 g/t gold. There was a hiatus in mining and exploration activities between 1939 and 1979. Between 1979 and 2003 exploration included geochemical exploration and mapping, several ground geophysical surveys, using magnetic, max-min and induced polarisation techniques and diamond drill programs.  Exploration by AUX from 2010 onwards comprised further geological mapping and geochemical sampling, a property-wide airborne magnetic and V-TEM survey and a synthetic aperture radar (SAR) survey.  

 

Historic drill intercepts at Georgia include:

 

·        178.4 g/t gold and 171 g/t silver over 0.49 metres (110.79 to 111.28 metres)

 

·        119.2 g/t gold and 66.4 g/t silver over 1.4 metres (72.71 to 74.09 metres) including 342.5 g/t gold and 190.6 g/t silver over 0.3 metres (73.48 to 73.78 metres)

 

·        140.8 g/t gold and 213.5 g/t silver over 0.6 metres (33.93 to 34.54 metres)

 

The most recent documented, unclassified historic resource estimate for the SW Vein of the Georgia River Mine was completed in 1990 (BC Assessment Report 19,983) and estimated 276,403 tonnes of 27.6 g/t gold and 20.9 g/t silver. The estimate was based on 50 drill holes and considers a minimum mining width of 1.22 metres. The SW Vein historical estimate does not comply with CIM Definition Standards on Mineral Resources and Mineral Reserves as required by NI 43-101 and has no comparable resource classification. A qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and AUX is not treating this historical resource as a current resource.

 

 

 

Figure 1. Plan view map of the 2020 SW and Bullion Vein drilling program.

 

Silver Crown

The 2020 field season also comprised extensive work on the newly acquired Silver Crown property, including field mapping and surficial sampling. Strike length of the mineralized corridor was confirmed to be in excess of 1,400 metres. Channel samples were collected over 500 metres of vein strike length with samples collected every 40 metres. Results from the Silver Crown channel sampling are expected in February. A 3,500 metre diamond drill program is planned for Silver Crown for the 2021 field season.

 

Quality Assurance and Control

Samples were analyzed at MSALABS in Langley, Canada (an ISO 9001 accredited facility). The sampling program was conducted by the geological team under the supervision of Dr. Craig Stewart, Exploration Manager. A secure chain of custody was maintained in transporting and storing samples. Gold was assayed using fire assay with atomic absorption spectrometry and gravimetric finish when required (i.e., >9 g/t gold). Analysis by four acid digestion with 48 element ICP-MS analysis was conducted on all samples with silver and base metal overlimits being re-analyzed by emission spectrometry.

 

About AUX Resources

AUX holds more than 27,000 hectares of strategic claims in the Stewart Mining Camp in the Golden Triangle of British Columbia, which is among the world’s most prolific mineralized districts, including the high-grade gold Georgia Project centred on the past-producing Georgia River Mine. The Georgia River Mine, which last operated in 1939 with a head grade of 22.6 g/t gold, contains 1.2 kilometres of underground access on three levels. AUX is actively consolidating the Stewart Mining Camp.

 

The technical disclosures in this release has been read and approved by Dr. Thomas Mumford, Ph.D., P.Geo., a qualified person as defined in National Instrument 43-101.

 

For further information please see www.auxrc.com or contact:

                             
Ian Slater, Chief Executive Officer                                        

+1 604 638 2545

info@auxrc.com      

 

Mars Investor Relations

+1 604 715 6845

aux@marsinvestorrelations.com

                                                           

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 release.  This news release includes forward-looking statements that are subject to risks and uncertainties.  All statements within, other than statements of historical fact, are to be considered forward looking. Although AUX believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions and regulatory and administrative approvals, processes and filing requirements.  There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.  We do not assume any obligation to update any forward-looking statements.

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring AUX Resources Corporation is a paid for service  on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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