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Defense Metals Corp
Symbol DEFN
Shares Issued 183,374,601
Close 2022-09-22 C$ 0.27
Recent Sedar Documents

Defense Metals drills 192 m of 1.78% TREO at Wicheeda

2022-09-22 13:48 ET - News Release

Mr. Kristopher Raffle reports

DEFENSE METALS CORP. INITIAL DRILLING RESULTS YIELD 1.78% OVER 192 METRES TOTAL RARE EARTH OXIDE AT WICHEEDA; INCLUDING 3.13% OVER 73 METRES

Defense Metals Corp. has released results for the first two drill holes totalling 720 metres from the company's 2022 diamond drill program that is still under way. To date, a total of 15 drill holes totalling 4,800 metres have been completed of a planned 18 holes totalling 5,000 metres (96 per cent complete) designed to upgrade existing resource categories. Drill holes WI22-64 and WI22-62, the first and third holes drilled, were collared from the two sites within the northern area of the Wicheeda rare earth element (REE) deposit.

Infill drill hole WI22-64, drilled southwest to depth within central area of the deposit, yield a broad mineralized intercept of high-grade dolomite carbonate higher in the hole and mixed mineralized xenolithic dolomite carbonate and syenite at depth averaging 1.78 per cent total rare earth oxide (TREO) over 192 metres, including 3.13 per cent TREO over 73 metres. The assays reported for WI22-64, one of the deepest holes drilled to date on the Wicheeda project, are partial from surface to a downhole depth of 284 metres. Assay results for the remaining 101 metres to end of hole at 384.5 metres are expected in the coming days.

Drill hole WI21-64, collared 120 metres to the north of WI21-64, intersected a 109-metre drilled interval of mineralized dolomite carbonatite above a mixed xenolithic dolomite carbonatite and syenite at depth returning 1.39 per cent TREO over 167 metres, including 2.29 per cent TREO over 48 metres.

Kristopher Raffle, PGeo, director and qualified person of Defense Metals, stated: "We are pleased to have started receiving assays for our ongoing 2022 Wicheeda REE deposit infill drilling campaign. These initial results compare very favourably to our PEA [preliminary economic assessment] mineral resource cut-off of 0.5 per cent TREO and continue to demonstrate continuity of mineralization over significant widths. We expect additional results in the coming days, weeks and months ahead. With the 2022 drill campaign now 96 per cent complete, we look forward to finishing a small number of remaining pit slope geotechnical and hydrogeological holes designed to inform any preliminary feasibility studies."

Methodology and QA/QC (quality assurance/quality control)

The analytical work reported on herein was performed by ALS Canada Ltd. at Langley (sample preparation) and Vancouver (ICP-MS (inductively coupled plasma mass spectrometry) fusion), B.C. ALS is an ISO-IEC 17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Defense Metals and the qualified person. Drill core samples were subject to crushing at a minimum of 70 per cent passing two millimetres, followed by pulverizing of a 250-gram split to 85 per cent passing 75 microns. A 0.1-gram sample pulp was then subject to multielement ICP-MS analysis through lithium-borate fusion to determine individual REE content (ME-MS81h). Defense Metals follows industry-standard procedures for the work carried out on the Wicheeda project, with a quality assurance/quality control program. Blank, duplicate and standard samples were inserted into the sample sequence sent to the laboratory for analysis. Defense Metals detected no significant QA/QC issues during review of the data.

Qualified person

The scientific and technical information contained in this news release as it relates to the Wicheeda REE project has been reviewed and approved by Mr. Raffle, PGeo, principal and consultant of Apex Geoscience Ltd. of Edmonton, Alta., a director of Defense Metals and a qualified person as defined in National Instrument 43-101. Mr. Raffle verified the data disclosed, including a review of the sampling, analytical and test data underlying the information, and opinions contained therein.

About Defense Metals Corp.

Defense Metals is a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defence industry, national security sector and production of green energy technologies, such as rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles.

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