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We probably have more rare earth deposits in Canada, or controlled by Canadian-listed juniors, than anywhere in the world. But Spectrum Mining Corporation, a private company, controlled one of the best – the Wicheeda Lake REE claims 80km north of Prince George, BC.
In 2008 Spectrum contracted Falcon Drilling Ltd. of Prince George, B.C. to drill 4 BTW size diamond drill holes, totaling 866 meters, at varying azimuths and dips from 1 drilling platform into their Wicheeda Lake "Main Zone" cerium soil anomaly.
All 4 drill holes intersected potentially economic Ce, Nd, Sm, Nb and La rare earth mineralization over drill core lengths varying from 66m to 231m starting at their collars.
In 2009, eleven NTW diamond drill holes totaling 1835m were drilled into the "Main Zone” from 2 new drilling platforms. Drill site 2009-A was located approximately 100m northeast of the 2008 drill site and seven 150m long drill holes were completed from it at various azimuths and dips. All seven holes intersected significant intervals of rare earth mineralization varying from 56m to 148m long starting at their collars.
Drill site 2009-B is located approximately 100m north of drill site 2009-A and approximately 150m northeast of the 2008 drill site. Four drill holes were completed from it at various azimuths and dips. Again all four holes intersected significant intervals of rare earth mineralization varying from 95m to 147m long starting at their collars.
The Wicheeda Lake deposit is open in all directions.
Defense Metals Corp
First Legacy Mining Corp., now Defense Metals Corp (TSX.V:DEFN) after a name change, entered into an option agreement with...