#Mining/#Metals/ #GreenEnergy #Stock News -Defense Metals (TSX-V: $DEFN.V) (OTCQB:
$DFMTF) AND
SRC INVESTIGATE XRT AMMENABILITY OF WICHEEDA RARE EARTH ELEMENT MINERALIZATION;
@DefenseMetals
Vancouver, British Columbia – January 13, 2021: Investorideas.com Newswire - Mining/Metals/ Green Energy Stock News Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce that it has commissioned the Saskatchewan Research Council (“SRC”) to complete an X-Ray Transmission (“XRT”) sorting amenability study with respect to mineralized feed sourced from its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Property (“Wicheeda”) located close to existing infrastructure near Prince George, British Columbia (BC).
Read this news,
featuring DEFN in full at https://www.investorideas.com/news/2021/mining/01131DEFN-Wicheeda.asp
Defense
Metals and SRC have been awarded National Research Council of Canada
Industrial Research Assistance Program (NRC IRAP) funding, a Government of
Canada funded program mandated to provide financial support for
technology innovation. Funding awarded under the NRC IRAP will cover
approximately 70% of the estimated cost of the XRT amenability study test-work.
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].
Flotation pilot-plant processing of a 26-tonne bulk sample of Wicheeda REE
material yielded a mineral concentrate averaging 7.4% NdPr oxide
(neodymium-praseodymium) critical magnet metals[2].
The objective of the SRC amenability study is to
investigate XRT sorting for the purpose of upgrading Wicheeda REE mineralization
prior to downstream processing. Sensor
based sorting has several advantages when applied to REE mining projects in
that beneficiation occurs without water and with reduced grinding requirements. The investigation will assess how much gangue can
be removed from the head feed. The investigation will then carry out an iterative
study of different sorting sizes to process in the XRT sorter assessing both
the grade of the upgraded concentrate and the grade of the waste for economic
studies whereby the optimum operational parameters can be determined.
XRT sorting has the potential to realize several
significant project benefits including:
·
Relatively low-cost gangue (unmineralized waste)
removal and volume reduction at the front-end of the Wicheeda REE processing
stream;
·
Potential to have a significant positive benefit on
downstream flotation and hydrometallurgical processes via reduced water,
heating, and reagent consumption costs; and
·
Depending on the success of the test-work these
reductions may contribute to overall lower size / throughput and capital cost
of potential future commercial REE concentration and refining facilities at
Wicheeda.
Craig Taylor, CEO comments:
“Defense Metals looks forward to investigating the potential
of low-cost front-end upgrading of Wicheeda REE mineralization via XRT sorting.
We have already demonstrated the ability to produce a greater than 50% REO
concentrate during flotation pilot plant test-work and we hope unlocking the
benefits of XRT sorting will yield downstream processing benefits of increased
head grade, flotation concentrate, and hydrometallurgical feed streams”.
Details of XRT
Study Methodology
X-ray Transmission (XRT) Analysis:
The XRT investigation requires the selection of
large samples containing both gangue and REE mineralization for analysis. The
samples are analysed using:
·
Dual energy X-ray transmission measurements
(DE-CT), and
·
QEMSCAN for calibration and mineral
identification and modal mineralogy.
Photographs of the polished QEMSCAN samples are
used to verify the atomic differences measured by DE-CT. The modal mineralogy
is used to determine REE grades.
Image Analysis:
The DE-CT images are analyzed using different
sized grids to determine how much gangue can be removed for a range of particle
sizes. This process determines the upgrading possibilities for different
sorting sizes, the grade of the concentrate and the grade of the waste.
Wicheeda
REE Project
The Wicheeda REE 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[3].
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 visit https://defensemetals.com/
or 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 the Company’s plans for its
Wicheeda project, XRT study and the expected benefits and results therefrom,
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. 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.
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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)
[2] See Defense Metals News Release date
September 23, 2020
[3] 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)
