On Path To Development Wicheeda Rare Earth Element Project in BC
Defense Metals Corp. (TSXV: DEFN) has completed quarterly stream flow measurements, and water quality sample collection; in addition to installation of snow survey markers, weather station data download, and equipment checks at its Wicheeda Rare Earth Element (REE) Property.
The road accessible Wicheeda REE Property is located close to infrastructure approximately 80 kilometres northeast of Prince George, British Columbia.
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.
CEO, Craig Taylor, said that despite higher than normal winter temperatures creating challenging ice conditions, with most stream sites still experiencing open water, environmental monitoring crews were able to complete the planned stream flow measurements and water chemistry sampling.
“Continuation of baseline environmental monitoring and ensuring we remain on schedule with completion of quarterly field visits demonstrates our commitment to advancing the Wicheeda REE Project,” Mr Taylor said.
“Defense Metals continues to be one of the most active companies in the rapidly emerging REE space as we work in parallel on all facets of project development including: baseline environmental, pilot-scale metallurgical studies; in addition to economic modelling and scenario analysis as we work towards completion of a PEA during 2021.”
Quarterly site visits, scheduled as part of a two year programme of baseline environmental data monitoring initiated during northern summer 2020.
The 1,708 hectare Wicheeda REE Property, located approximately 80 km north-east 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.