| Announcement Date: | 2022-11-15 |
|---|---|
| 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. 221m at 2.14% REO from 93m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | News Release – Vancouver, British Columbia – November 15, 2022: Defense Metals Corp. (“Defense Metals” or the “Company”; TSX-V:DEFN / OTCQB:DFMTF / FSE:35D) is pleased to announce additional partial Rare Earth Element (“REE”) assay results from one additional core hole, totalling 353 metres (m), collared within the northern area of Defense Metals’ 100% owned Wicheeda REE Deposit. Infill drill hole WI22-69 (-50o dip / 230o azimuth) was drilled southwest within the northern area of the deposit intersected a broad zone of mineralized dolomite carbonatite averaging 2.14% total rare earth oxide (“TREO”) over 221 metres (m) 1 ; including a higher-grade interval averaging 3.52% TREO over 111 m (Figure 1). With over 5,500 m of drilling in 18 holes now complete as part of the 2022 Wicheeda resource delineation and pit geotechnical program, the Company has released assays for a total of 2,493 m in 7 holes. Assays for the remaining 11 holes totalling 3,017 m are expected in the coming weeks and months |
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