| Announcement Date: | 2023-01-17 |
|---|---|
| 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. 191.5m at 2.03% REE from 2.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | News Release – Vancouver, British Columbia – January 17, 2023: Defense Metals Corp. (“Defense Metals” or the “Company”; TSX-V:DEFN / OTCQB:DFMTF / FSE:35D) is pleased to announce Rare Earth Element (“REE”) assay results from an additional eight core drill holes, totalling 2,104 metres (“m”), completed during 2022 at its 100% owned Wicheeda REE Deposit. These assay results are from two exploration, three resource delineation, and three pit slope geotechnical core drill holes, one of which (hole WI22-73) returned the second longest REE-mineralized intercept of the 2021 and 2022 Wicheeda drilling campaigns (10,859 metres in 47 core holes). Pit slope geotechnical drill hole WI22-74 (-65o dip at azimuth 139o ) drilled into the south pit wall intersected high-grade mineralized dolomite carbonatite that assayed 3.77% total rare earth oxide (“TREO”) over 30 metres (“m”) from surface and 2.52% TREO over 59 m at mid-hole depths, within a broader zone averaging 2.03% TREO over a 192 m interval (see Table 1 and Figure 1). |
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