VANCOUVER, Feb. 25, 2019 /CNW/ - Defense Metals Corp.
("Defense Metals" or the "Company") (TSX-V: DEFN/ DFMTF: OTCQB / 35D: FSE) is pleased to announce that Phase 1A
metallurgical testing on the Wicheeda bulk sample at SGS Labs is underway.
Defense Metals Corp has been informed by SGS that the entire 30 tonne bulk sample has been crushed to a nominal 1 inch size
and a 400 kg subsample has been taken for batch and grindability tests. Preparation is underway to prepare a grindability sample,
flotation charges and head assays, which is expected to be completed early this week. The subsample from the head will be
submitted for chemical and mineralogical analysis is also scheduled for early this week as well.
Chris Graf, Technical Advisor comments "Building on the successful bench scale flotation
testwork conducted in 2012 by SGS on a 100 kg composite sample of Wicheeda drill core, the goal of the Phase 1A testwork is to
develop a robust flow sheet for producing high grade REE flotation concentrates from a 200 kg sample of the 30 tonne Wicheeda REE
deposit bulk sample. It is anticipated that 20 kg of REE concentrate will be produced by Phase 1A."
Following a successful Phase 1A, Phase 1B hydrometallugical testwork is to commence on the 20 kg
sample of flotation concentrate once it has been produced, by the end of May. The goal of this hydrometallurgical testwork will
be to produce a purified, mixed REE concentrate and provide data that can be used to design a hydrometallugical pilot plant.
The Phase 1A flow sheet will be used in a Phase 2 flotation concentrate pilot plant program where the entire 30 tonne Wicheeda
bulk sample will be processed with the goal of demonstrating that the Phase 1 A flowsheet is capable of producing a high grade
REE concentrate at an industrial scale. It is expected that the Phase 2 pilot plant metallurgical testwork will produce
approximately 3 tonnes of REE concentrate that can be tested by a Phase 3 hydrometallurgical pilot plant.
About SGS Canada Inc.
By incorporating an integrated approach, SGS delivers testing and expertise throughout the entire mining life cycle. With a
network of over 450 commercial, multi-purpose and on-site laboratories globally, SGS is uniquely positioned to provide
fit-for-purpose solutions and testing capabilities from early exploration to end-product certification and closure to the mining
industry. SGS' services encompass the skills of qualified geologists and mining professionals to provide accurate and
timely mineral evaluation and consulting services in a wide range of commodities including precious and base metals, rare earth
element minerals, uranium and naturally occurring radioactive material, industrial minerals, iron ore and hydrocarbons. SGS
Minerals Lakefield is an ISO/IEC 17025 and ISO9001:2015 accredited metallurgical testing facility. SGS is independent of Defense
Metals Corp.
About The Wicheeda Property
The property located approximately 80 km northwest of the city of Prince George, British
Columbia, is readily accessible by all-weather gravel roads and is close to major infrastructure including nearby working
power transmission lines, 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 and hosts
several carbonatite and alkaline complexes among which are the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) alkaline
complexes that contain the highest concentrations of Rare Earth Elements minerals.
The Property is underlain by Kechika Group metasedimentary rocks that are intruded by a southeast-trending carbonatite. The
Wicheeda carbonatite is a deformed plug or sill approximately 250 metres in diameter that hosts potentially economic REE
mineralization. The intrusion comprises a ferroan dolomite carbonatite core, which passes gradationally outward into calcite
carbonatite. The potentially economic REE mineralization is hosted by the dolomite carbonatite.
The scientific and technical information contained in this news release as it relates to the Wicheeda Property has been
reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, 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, exploration and development of minerals, metals
and elements commonly used in the protection of our nation and other nations abroad. Defense Metals Corp. trades under "DEFN" on
the TSX Venture Exchange. The Company owns (i) a 100% interest in prospective uranium claims in the Athabasca Basin, Saskatchewan totalling approximately 9,362.65 hectares;
(ii) has an option to acquire 100% of the Wicheeda Rare Earth Element Project located in Prince George,
British Columbia; and (iii) has an option to acquire 100% of the Lac Burge gold property located approximately 215 km
northeast of Val d'Or, Quebec.
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.
Forward Looking Information
This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable
securities law, including without limitation, the Company's plans for its properties/projects, bulk sample testing and results,
metallurgical testing, other statements relating to the technical, financial and business prospects of the Company, and other
matters.
Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and
assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates
of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not
always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate",
"plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will"
be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and
may be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue,
could cause the actual results, performances or achievements of the Company to be materially different from future results,
performances or achievements express or implied by such 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 metals, anticipated costs and the ability to achieve 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, and
that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company's
planned exploration activities will be available on reasonable terms and in a timely manner. 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.
Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of
activity, performance or results to differ materially from those reflected in the forward-looking statements, including, without
limitation: (i) risks related to gold, copper, uranium, rare earth elements, and other commodity price fluctuations; (ii) risks
and uncertainties relating to the interpretation of exploration results; (iii) risks related to the inherent uncertainty of
exploration and cost estimates and the potential for unexpected costs and expenses; (iv) that resource exploration and
development is a speculative business; (v) that the Company may lose or abandon its property interests or may fail to receive
necessary licences and permits; (vi) that environmental laws and regulations may become more onerous; (vii) that the
Company may not be able to raise additional funds when necessary; (viii) the possibility that future exploration, development or
mining results will not be consistent with the Company's expectations; (ix) exploration and development risks, including risks
related to accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in
exploration and development; * competition; (xi) the potential for delays in exploration or development activities or the
completion of geologic reports or studies; (xii) the uncertainty of profitability based upon the Company's history of losses;
(xiii) risks related to environmental regulation and liability; (xiv) risks associated with failure to maintain community
acceptance, agreements and permissions (generally referred to as "social licence"), including local First Nations; (xv) risks
relating to obtaining and maintaining all necessary government permits, approvals and authorizations relating to the continued
exploration and development of the Company's projects; (xvi) risks related to the outcome of legal actions; (xvii) political and
regulatory risks associated with mining and exploration; (xix) risks related to current global financial conditions; and (xx)
other risks and uncertainties related to the Company's prospects, properties and business strategy. These risks, as well as
others, could cause actual results and events to vary significantly.
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, the loss of key
directors, employees, advisors or consultants, adverse weather conditions, increase in costs, equipment failures, litigation,
failure of counterparties to perform their contractual obligations and fees charged by service providers. Investors are cautioned
that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put
undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements
included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly
required by applicable securities legislation.
SOURCE Defense Metals Corp.
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