Defense Metals (DEFN.V) recently enlisted the services of a B.C based diamond drill pad construction contractor to help with their steep terrain drill pad construction for their 2021 Wicheeda rare earth element deposit resource expansion and diamond drill program, according to a press release.
Here’s Reza if you’d prefer to watch instead of read:
The company anticipates pad siting and construction to start at the end of July, and in support, the company’s project management and surface geologic mapping teams are getting ready to mobilize. The needed wood has already been sourced from area mills and is expected to arrive on site.
“We have seen that the mining and mineral exploration season is again extremely busy in BC this year. Exploration contractors, and technical personal are all in high demand. The announcement that we that we will be commencing drill site preparations in the coming weeks is a key milestone that places us on the path to completing our goals of expanding and increasing the confidence in the existing Wicheeda REE Deposit mineral resource in support of potential future advanced economic studies,” said Craig Taylor, CEO of Defense Metals.
Defense Metals is a mineral exploration company focused on finding rare earth metals. Rare earth metals are commonly used in the electric power market, military, national security and the production of green-tech like high strength allows and rare earth magnets. Defense Metals has the option of picking up 100% of the 1,708 hectare rare earth element property located in the general vicinity of Prince George, BC.
Some of the milestones in 2019 included:
There’s a bit of a political backstory to the pursuit of rare earth metals. In 2019, China basically had the global
market cornered, and while exports fell away in 2020, the issue hasn’t exactly gone away. President Biden and the U.S. Department of Energy have targeted rare earths, stating them as domestic supply chain priorities.
In addition to the above named items REE’s show up in, we can add electric vehicle production, battery making, renewable energy systems and technology manufacturing. Since Biden and (Chinese President) Xi Jinping aren’t exactly drinking buddies, the United States needs to find a way to get their hands on these metals. Enter companies like Defense Metals and the Wicheeda project.
The Wicheeda project has indicated mineral resources of approximately 4,89 million tonnes averaging 3.02% light rare earth elements, and inferred mineral resources of 12.1 million tonnes averaging at 2.9% LREO.
The Defense Metals technical team is presently finalizing drill site locations so they can continue on their successful 2019 campaign. The 2021 Wicheeda program will comprise of a minimum of 2,000 metres and up to 5,000 metres, and will focus on expanding the zone REE mineralized dolomite-carbonatite to the north, and then turn their attention to the resources in central and northwestern areas of the deposit.