Exploring Mining Podcast 277 - News from (NYSE: $MT) (NYSEAmerican: $BTG) (NYSEAmerican: $EQX) (NYSE: $SAND) (TSXV: $GGO.V)

 

Exploring Mining Podcast 277 - News from (NYSE: $MT) (NYSEAmerican: $BTG) (NYSEAmerican: $EQX) (NYSE: $SAND) (TSXV: $GGO.V)        

 

Vancouver, Kelowna, Delta, BC, May 26, 2022 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

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ArcelorMittal (NYSE:MT) has launched the XCarb Innovation Fund, which aims to invest $100M annually on “the best companies and brightest ideas focused on breakthrough technologies which hold the potential to accelerate the decarbonisation of the steel industry.” Aditya Mittal, CEO of ArcelorMittal, said:

 

“The need to reduce GHG emissions is one of the greatest investment requirements of our time. Steel can make a huge contribution to the decarbonisation of the global economy and at ArcelorMittal we are committed to leading our industry’s efforts, and to accelerate the speed of our progress. Advancing the development of the technologies and processes which are pivotal to our industry’s transition is a very important element of this.”

 

B2Gold Corp. (NYSEAmerican:BTG) has entered into a definitive Scheme Implementation Agreement to acquire Oklo Resources Limited (ASX:OKU) and its extensive land package near the Fekola Mine. According to the press release, the acquisition is expected to provide B2Gold with an additional landholding of 1,405 km² covering highly prospective greenstone belts in Mali, West Africa, including Oklo's flagship Dandoko Project.

 

Equinox Gold Corp. (NYSEAmerican:EQX) and Sandstorm Gold Ltd. (NYSE:SAND) have announced the creation of Sandbox Royalties Corp., described as “a new diversified metals royalty company.” Ross Beaty, Chairman of Equinox Gold, commented:

 

"Sandbox Royalties will create immediate and future value for Equinox Gold from our portfolio of royalties and will continue our close relationship with Sandstorm. Greg Smith will focus on building Sandbox Royalties while Equinox Gold slows its M&A activities to focus on developing our peer-leading internal growth pipeline including our new Santa Luz gold mine in Brazil, which is ramping up to commercial production, our large expansion projects at Los Filos, Aurizona and Castle Mountain, and our major in-construction gold mine at Greenstone."

 

Galleon Gold Corp. (TSXV:GGO) has announced that the 2022 exploration drill program at its 100 percent-owned West Cache Gold Project in Timmins, Ontario has started. The company’s President and CEO, R. David Russell, said:

 

"Two years ago when Galleon Gold acquired the West Cache Project, we had two main objectives: 1) to infill drill the known mineralization to confirm the geological continuity of the deposit and 2) to update the mineral resource and complete a PEA. I am very proud of the team for delivering on those goals, while also making the Zone #9 and South Zone discoveries. As we enter the next stage of development for West Cache, we have set equally ambitious targets. Based on the strength of the Project's initial PEA we will continue to aggressively advance our permitting initiatives, and pending approval, start the ramp for test mining in 2023. In concert with the important work on permits, we will continue to explore in and around known gold zones, while attempting to locate new mineralized areas and trends over the next few months."

 

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#REE #Stock Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Retains SRK Consulting to assist with planning geotechnical drilling investigations at Wicheeda Rare Earth Element Project during 2022; @defensemetals

#REE #Stock Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Retains SRK Consulting to assist with planning geotechnical drilling investigations at Wicheeda Rare Earth Element Project during 2022; @defensemetals

 

Vancouver, British Columbia – May 25, 2022: Investorideas.com Newswire, Mining/Metals/ Green Energy Stock News- Defense Metals Corp. (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce that it has retained SRK Consulting (Canada) Inc. (“SRK”) to assist with planning and executing geotechnical drilling investigations at the Wicheeda Rare Earth Element (REE) Project during 2022.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2022/mining/05251DEFN-Geotechnical-Drilling.asp

 

The objective of SRK’s work will be to assist Defense Metals with planning and implementing a pre-feasibility level geotechnical field drilling program. The objective of the field program is to collect data for the subsequent analysis, and assessment of technical risks with regards to open pit slope design. SRK will assist in the planning, set-up, training, and support towards design of the geotechnical program including determining optimal drill hole locations (co-purposed with further resource drill holes where possible), data collection methods and downhole surveying.

 

The SRK team will be led by Project Manager Andy Thomas, P.Eng., M.Eng., a mining rock mechanics engineer with over 16 years’ experience; and Project Practice Leader, Jarek Jakubec, C.Eng., FIMMM, corporate consultant and practice leader of the SRK mining and geology group in Vancouver with experience in the mining industry since 1984. Jarek has travelled extensively to complete studies for over 160 mining projects in 36 countries. He regularly leads teams in technical or operational audits, feasibility studies, bankable due diligence studies, and is a sought-after member of geotechnical review boards for operating mines.

 

The purpose of the 2022 Wicheeda REE Project’s geotechnical and hydrogeological drill program is to contribute data to the advance geotechnical characterization, and the development of comprehensive structural, hydrogeological, and rock strength models to support future advanced pre-feasibility level mine planning studies. The geotechnical and hydrological drilling is expected to include, but not be limited to, acoustic/optical televiewer downhole survey, oriented drill core, field point load and laboratory-based intact rock and discontinuity strength testing, vibrating wire piezometer, and standpipe piezometer installation for hydrogeological investigations.

 

Kris Raffle, P.Geo, Director of Defense Metals commented: “SRK was a natural fit to assist in the continued advancement of the Wicheeda REE Deposit having worked so closely with the Defense Metals technical team during the recent PEA study. SRK is well-positioned to build on the successful PEA mine plan and guide the collection of advanced geotechnical and hydrogeological data that will contribute to an enhanced understating of geotechnical risk and refinement of future project development scenarios.”

 

About the Wicheeda REE Property

The 100% owned 2,008-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 near infrastructure, including power transmission lines, the CN railway, and major highways.

 

The Wicheeda REE Project yielded a robust 2021 PEA that demonstrated an after-tax net present value (NPV@8%) of $517 million, and 18% IRR[1]. A unique advantage of the Wicheeda REE Project is the production of a saleable high-grade flotation-concentrate. The PEA contemplates a 1.8 Mtpa (million tonnes per year) mill throughput open pit mining operation with 1.75:1 (waste:mill feed) strip ratio over a 19 year mine (project) life producing and average of 25,423 tonnes REO annually. A Phase 1 initial pit strip ratio of 0.63:1 (waste:mill feed) would yield rapid access to higher grade surface mineralization in year 1 and payback of $440 million initial capital within 5 years.

 

Qualified Person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project 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 NI 43-101. Mr. Raffle verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained therein. 

 

About SRK

SRK is an independent, global network of consulting practices in over 45 countries on six continents. Its experienced engineers and scientists work with clients in multi-disciplinary teams to deliver integrated, sustainable solutions across a range of sectors – mining, water, environment, infrastructure and energy.

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the 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 advancing the Wicheeda REE Project, completing the geotechnical and hydrogeological drill program and the expected results and outcomes, the Company’s plans for its Wicheeda REE Project including other studies and development work, expected results and outcomes, the technical, financial and business prospects of the Company, its REE 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 anticipated costs and expenditures, 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 the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks 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 and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations),  risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological and engineering assumptions, 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, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, 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] Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.’s Issuer Profile on SEDAR (www.sedar.com).

#ExploringMining #Podcast 276 - News from (TSXV: $DEFN.V) (OTCQB: $DFMTF) (NYSE: $SA) (TSXV: $BNCH.V) (NYSEAmerican: $ASM)

 

#ExploringMining #Podcast 276 - News from (TSXV: $DEFN.V) (OTCQB: $DFMTF) (NYSE: $SA) (TSXV: $BNCH.V) (NYSEAmerican: $ASM)      

 

Vancouver, Kelowna, Delta, BC, May 24, 2022 Investorideas.com, a global investor news source covering mining and metals stocks releases today’s edition of Exploring Mining Podcast, featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE  companies plus interviews with CEO's and leading experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2022/052422-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2022/exploring-mining/05241DEFN-SA-BNCH-ASM.asp

 

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Defense Metals Corp. (TSXV:DEFN) (OTCQB:DFMTF) has announced that it has retained SRK Consulting Inc. to assist with planning and executing geotechnical drilling investigations at the Wicheeda Rare Earth Element (REE) Project during 2022. Kris Raffle, Director of Defense Metals, explained:

 

"SRK was a natural fit to assist in the continued advancement of the Wicheeda REE Deposit having worked so closely with the Defense Metals technical team during the recent PEA study. SRK is well-positioned to build on the successful PEA mine plan and guide the collection of advanced geotechnical and hydrogeological data that will contribute to an enhanced understanding of geotechnical risk and refinement of future project development scenarios."

 

Seabridge Gold Inc. (NYSE:SA) has reached an agreement with Liard First Nation (LFN) for Seabridge's 3 Aces Project in Canada’s Yukon territory. Among other things, the agreement will “support LFN in preparing for and participating in assessment and regulatory processes and community engagement.” Seabridge CEO Rudi Fronk said:

 

"As a responsible exploration company, we are committed to building a meaningful and positive working relationship with our Indigenous partners. We are pleased that Liard First Nation has signed the Contribution Agreement, which establishes the framework in which both parties will work cooperatively with each other. The development of a common understanding of each other's interests is our first priority."

 

Benchmark Metals Inc. (TSXV:BNCH) has reported new results from exploration drilling at the Marmot Zone. This includes additional assays that have more than doubled the length of the previously reported mineralized intercept in drill hole 21MLDD004 from 30.0 metres to 77.0 metres (m) core length of 1.11 grams per tonne (g/t) gold (Au) and 35.93 g/t silver (Ag) or 1.56 g/t gold equivalent (AuEq). Benchmark’s CEO John Williamson said:

 

"The Marmot Zone results continue to demonstrate the new discovery potential that could add more gold and silver mineralization to it's established multi-million ounce deposits. Benchmark will soon deliver a larger Mineral Resource Estimate from near 100,000 metres of new drilling in 2021 and 2022. We anticipate the new Resource to de-risk the Project with a majority of gold and silver ounces in the Measured + Indicated category."

 

Avino Silver & Gold Mines Ltd. (NYSEAmerican:ASM) has announced drill results from the Oxide Tailings Project, including 17 drill holes for a total of 209 metres of drilling. David Wolfin, President and CEO of Avino, said:

 

"These results highlight the continuity of the tailings grade beyond the previous known deposition footprint. The gold grade in the oxide portion of the recent holes is encouraging and given the distance of the step out holes, we feel this will provide meaningful resource expansion significantly beyond what was described in the previous PEA. The Oxide Tailings project factors prominently into the Company's growth strategy to achieve intermediate producer status."

 

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Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

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 investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. 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. Contact management and IR of each company directly regarding specific questions.

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