Mike Fagan,
Editor
Oct. 13, 2022
Defense Metals (TSX-V: DEFN)(OTC: DFMTF) — currently trading around C$0.25 per share — has released positive assays from an additional two holes from its ongoing drill program at the flagship, 100%-owned Wicheeda Rare Earth Element (REE) project in British Columbia, Canada*.
Infill drill hole WI22-68 — the deepest hole to-date at Wicheeda at 395 meters — produced a broad mineralized intercept of high-grade dolomite carbonatite averaging 3.58% total rare earth oxide (TREO) over 124 meters, including an exceptionally high-grade zone of 6.70% TREO over 18 meters*.
Drill hole WI22-63 returned 2.29% TREO over 39 meters, including 5.08% TREO over 9 meters.
Defense Metals president and director Luisa Moreno commented via press release:
“These two core drill holes, in particular WI22-68, once again demonstrate the potential for high REE grades over significant widths within the northern Wicheeda Deposit. Assays for WI22-68 were prioritized based on readily visible, coarse-grained REE mineralization. We look forward to receiving additional assay results of other resource infill drill holes from the northern and central Wicheeda Deposit that appear similar in terms of visually estimated REE mineralization percentage.”
Those positive results follow assays from the first two holes of the planned 18-hole program (15 drill holes totaling 4,800 meters completed to-date), which produced highlight intercepts of 1.78% TREO over 192 meters, including 3.13% TREO over 73 meters — and 1.39% TREO over 167 meters, including 2.29% TREO over 48 meters.
The company anticipates additional assays becoming available over the coming weeks and months.
If you haven’t done so already, you can view detailed drill intercept tables in the company’s press releases, which are also available at the company’s corporate website.
*See the Company’s news release dated October 11, 2022 and filed on www.sedar.com
Mike Fagan
Editor, Resource Stock Digest