Oct. 28, 2022
Defense Metals (TSX-V: DEFN)(OTC: DFMTF) — currently trading just below C$0.25 per share — has released positive assays from one additional drill hole from its recently completed program at the flagship, 100%-owned Wicheeda Rare Earth Element (REE) project located approximately 80 km northeast of the city of Prince George, British Columbia, Canada*.
Infill drill hole WI22-70 — drilled southwest within the northern area of the deposit — intersected a broad zone of mineralization averaging 2.50% total rare earth oxide (TREO) over 113 meters*.
Defense Metals director Kristopher Raffle, P.Geo., commented via press release:
"The 2022 Wicheeda drilling continues to meet or exceed expectations, yielding broad zones of mineralized dolomite-carbonatite that in the case of WI22-70 announced today serves to support, and refine confidence in, our PEA mineralized volumes."
Additionally, the company announced the completion of the Wicheeda REE Deposit resource delineation and pit geotechnical diamond drilling campaign for the 2022 exploration season.
A total of 5,500 meters of diamond drilling was completed in 18 holes over the course of the year.
The 2022 drilling included completion of five pit slope geotechnical and hydrogeologic holes totalling 1,150 meters, which were designed in part to support a Preliminary Feasibility Study (PFS) expected to commence later this quarter.
The company expects additional assays to be made available over the coming weeks and months from the recently completed drill program.
You can view detailed drill intercept tables in the company’s press releases, which are also posted at the DEFN corporate website.
*See the Company’s news release dated October 26, 2022 and filed on www.sedar.com
Editor, Resource Stock Digest