| Announcement Date: | 2022-10-11 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | NI43-101 |
| Company name: | Defense Metals Corp. |
| Project name: | Wicheeda |
| Location: | Canada |
| Commodities: | REO |
| Highlight: | Drilling results incl. 126.6m at 3.58% REO from 109.4m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | News Release – Vancouver, British Columbia – October 11, 2022: Defense Metals Corp. (“Defense Metals” or the “Company”; TSX-V:DEFN / OTCQB:DFMTF / FSE:35D) announces high-grade Rare Earth Element (“REE”) assay results from an additional two core drill holes, totalling 717 metres (m), collared from the same site within the northern area of Defense Metals’ 100% owned Wicheeda REE Deposit. Infill drill hole WI22-68 (-55o dip / 220o azimuth), the deepest hole to date on the Wicheeda Project at 395 metres, was drilled southwest within the northern area of the deposit and yielded a broad mineralized intercept of high-grade dolomite carbonatite averaging 3.58% total rare earth oxide (“TREO”) over 124 metres; including an exceptionally high-grade zone of 6.70% TREO over 18 m1 that included one 3 m sample yielding 8.58% TREO (Figure 1, and Image 1). Drill hole WI22-63 (-60o dip / 204o azimuth) collared from the same drill site, tested the interpreted eastern contact of the carbonatite body at depth and returned 2.29% TREO over 39 m; including 5.08% TREO over 9 m1 (Figure 2). |
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