Market Overview

Defense Metals Drills 4.01% Light Rare Earth Oxide Over 58 Metres at Wicheeda Rare Earth Element Deposit

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VANCOUVER, Dec. 12, 2019 /CNW/ - Defense Metals Corp. ("Defense Metals") (DEFN: TSX-V / DFMTF: OTCQB / 35D: FSE) announces assay results for the final two drill holes of the recently completed 2019 resource definition diamond drill program at its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Project located near Prince George, Canada.

Drill hole WI19-30 (-55o dip / 250o azimuth) was drilled to test the northern extension of the Wicheeda REE Deposit and intersected a broad zone of mineralization returning 2.59% Light Rare Earth Oxide (LREO; being cerium, lanthanum, neodymium, praseodymium, and samarium oxides (Ce2O3+La2O3+Nd2O3+ Pr2O3+Sm2O3) over a drill core interval of 130.8 metres; including an interval assaying 4.43% LREO over a drill core interval of 27 metres 1 (Table 1).

Drill hole WI19-32 (-55o dip / 300o azimuth) drilled from the same collar as WI19-30 was the final hole of the 2019 resource definition program and northernmost drill hole testing the Wicheeda REE Deposit returned 4.01% LREO over a drill core interval of 58 metres; within a broader zone of mineralization assaying 3.63% LREO over a drill core interval of 75 metres; in addition to an upper mineralized intercept assaying 2.71% LREO over a drill core interval of 28 metres 1 (Figure 1).

Table 1: Wicheeda REE Deposit 2019 Diamond Drill Intercepts

Hole ID

Released

From
(m)

To
(m)

Inteval1
(m)

LREO
(%)

Ce2O3
(%)

La2O3
(%)

Nd2O3
(%)

Pr2O3
(%)

Sm2O3
(%)

WI19-30

Current News
Release

47

177.8

130.8

2.59

1.24

0.91

0.31

0.11

0.03

including

47

74

27

4.43

2.11

1.59

0.50

0.18

0.05

WI19-32

86

114

28

2.71

1.25

1.01

0.30

0.11

0.03

and

142

217

75

3.63

1.74

1.33

0.37

0.14

0.04

including

151

209

58

4.01

1.92

1.49

0.40

0.16

0.04

WI19-20

Oct. 31, 2019

News Release

4.6

68.8

64.2

4.32

2.10

1.54

0.46

0.18

0.04

WI19-21

3.9

114

110.1

3.26

1.57

1.16

0.36

0.14

0.04

WI19-22

Nov. 14, 2019
News Release

7

113

106

2.71

1.31

0.98

0.28

0.11

0.03

WI19-23

4

109

105

3.12

1.49

1.14

0.34

0.13

0.03

WI19-24

2.9

83

80.1

2.43

1.18

0.83

0.29

0.10

0.03

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