| Announcement Date: | 2022-11-22 |
|---|---|
| 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. 122m at 2.56% REO from 125m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | News Release – Vancouver, British Columbia – November 22, 2022: Defense Metals Corp. (“Defense Metals” or the “Company”; TSX-V:DEFN / OTCQB:DFMTF / FSE:35D) is pleased to announce additional Rare Earth Element (“REE”) assay results from one additional core hole, totalling 374 metres (m), collared within the central area of Defense Metals’ 100% owned Wicheeda REE Deposit. This drill hole represents the deepest hole to date drilled at Wicheeda, terminating 360 m vertically below surface and 150 m below the mineral resource pit shell. Infill drill hole WI22-72 (-70o dip / 167o azimuth) was drilled south within the central area of the deposit intersected high-grade mineralized dolomite carbonate from surface grading 3.02% total rare earth oxide (“TREO”) over 55 metres (m) within a broader zone averaging 2.56% TREO over a 122; in addition to a well mineralized mixed lithology lower zone grading 0.9% TREO over 97 m (Figure 1). |
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