Announcement Date: 2022-03-15
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Defense Metals Corp.
Project name: Wicheeda
Location: Canada
Commodities: Rare Earth
Highlight: Drilling results incl. 150m @ 3.79% REO from 33m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, BC, March 15, 2022 /CNW/ – Defense Metals Corp. (“Defense Metals” or the “Company”) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce results for an additional two diamond drill holes totalling 189 metres from the Company’s 29 hole, 5,349 metre diamond drill program completed during fall 2021. Drill holes WI21-45 through WI21-48 were collared from the same site and within the northern area of the Wicheeda Rare Earth Element (REE) deposit. Drill hole WI21-49 returned 3.79% TREO (total rare earth oxide) over 150 metres; including 4.77% TREO over 60 metres 1. The drill hole was designed to further delineate at depth drill holes WI21-33 and WI21-40 that in conjunction with WI21-49 represent the three highest grade x width intercepts of the 2021 drilling to date. Together these three drill holes define a newly discovered zone of high-grade REE mineralization that occurs below both the current mineral resource and resource pit shells. The Company continues to receive additional assay results from the 2021 Wicheeda REE Deposit resource expansion and delineation campaign that will be released in the coming weeks.
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